Title: Senior Manager and Managing Director, Credit
Reports to: President & C.E.O.
Supervises: Manager, Loan Processing; Mortgage Administrator; Loan Officers; Collection Supervisor.
Salary: TBD

JOB FUNCTION:

To manage and direct the overall lending and collection functions of the credit union in accordance with the Credit Union’s Act, DICO By-laws and the Credit Union’s By-laws and policies; grants mortgages, personal loans, lines of credit and small – medium size business loans within approved lending limits; monitors all lending activity and regularly reviews the performance of the department;  initiates action to improve the growth and development of the loan portfolio; pursues new commercial and syndicated lending business; department operating budget.

MAJOR DUTIES & RESPONSIBILITIES:

Personnel:

Supervise employee team by:

• Setting annual performance goals for direct reports along with development needs;
• Conducting performance reviews for direct reports ensuring that deficient performance areas have corrective action agreed to’
• Establish organizational growth targets by product, industry mix, revenue for all branches and employee levels;
• Following up on audit findings with the department staff.

Financial Performance of the Credit Union:

1.        Serve, guide and offer recommendations as an active participant of the Asset Liability Committee.

2.        Participates as a member of the Senior Management Team in the strategic planning process for the credit union.

3.        Reviews and approves annual budget submissions and requests of direct and indirect reports.

Lending:

-         Responsible for developing standards for member service within the department and ensuring these standards are adhered to.

-         Oversees the delinquency control systems to ensure quick identification of delinquent accounts and recommends the necessary expense allocation to maintain the loan allowance reserve fund in accordance with DICO By-laws.

-         Approves credit within individual limits and credit above individual lending officers’ limits in conjunction with other officers of the credit union according to policy.

-         Reviews rejected loan applications to ensure consistent and proper evaluation.

-         Develops the small-medium size business and syndication lending portfolios utilizing consulting services as required.

-         Reports minimum monthly lending activity to the President & CEO.

-         Recommends and assigns lending limits to all credit granting staff.

-         Reviews and recommends annual write-offs

-         Develops lending sales plans to improve performance, volume efficiency as it related to loan spreads and incremental relationship and revenue opportunities.

Training

• Ensures proper training and development in all lending products and services;
• Annually assists in the development of a personalized training plan for employees as it relates to lending “gaps” and developing areas for growth.

Policies and Procedures

-         Responsible for the development, review and update of lending policies and procedures.

-         Ensures adherence to all operating policies, procedures, collective agreement and certification standards by monitoring and initiating action to rectify problem areas.

Alliances

-         Responsible for the development and maintenance of strong relationships with Union Insurance Services (CUIS).

Other

-         Attends annual general meeting of the credit union.

-         Other duties as assigned by the President and C.E.O.

Qualifications for Recruitment:

• Canadian university degree or Credit Granting courses with emphasis on finance and investments;
• Highly proficient with Microsoft Office applications such as Excel, Power Point and Word;
• Eight years progressive experience with a financial institution, ideally with a Credit Union;
• Excellent interpersonal and communication skills to work effectively with all levels of staff with the Credit Union, as well as customers and suppliers.
• Ability to manage multiple tasks within tight timelines under pressure.
• Ability to analyze and evaluate problems and provide resolutions.
• Innovative and creative problem-solving skills.
• Knowledge of the Polish language an asset

Apply in writing to: Tomasz Falfus, Human Resources Manager, at falfust@polcu.com

We thank all candidates however only those selected for an interview will be contacted.