Loans Officer, Bengough Credit Union
Location: Bengough Credit Union
Posting Date: August 20, 2024
Closing Date: Until Filled
Website: www.bengoughcu.ca
Employment Type: Full-time
Do you have previous lending experience? Bengough Credit Union is looking for a motivated individual to join their lending team.
The Position
Reporting to General Manager and Loans Manager the Loans Officer will:
• Provide Lending services to current and potential members including recognizing their needs in order to promote and cross – sell Bengough Credit Union products
• Ensure all lending activities are in compliance with relevant policy, legislation and regulations
• Promote Bengough Credit Union and maintain active involvement in the community
• Grant consumer plus agricultural & small business loans or mortgages within approved lending limits; receive and analyze financial and personal net worth statements, calculate debt service capacity and evaluate collateral security; negotiate terms and conditions of loan; present recommendation to senior staff on applications beyond assigned approval authority
• Provide individualized financial advice (such as debt consolidation) and information to members on loan services and deposit products offered through the credit union
• Maintain up-to-date knowledge of credit union lending and deposit services and products and relevant policies and legislation by regularly reviewing literature and attending update meetings
• Conduct credit investigations, security inspections and searches as required; conduct PPSA registrations and investigations; prepare releases of security on paid out loans; interpret loan reports and identify further action required to address problem areas such as pending delinquency
• Review delinquent accounts, analyze current status and initiate action to collect on delinquent loans
• Initiate action to improve growth and development of portfolio by analyzing members needs, trends and competitor offerings; recommends revisions to the marketing plan, cross-sell all credit union products and services and pursue new business opportunities by establishing and maintaining liaison with agricultural and small business community contacts
• Maintain documentation in loan files which includes credit checks, employment income, personal income tax, etc. in accordance with procedures
• Maintain tracking systems for expiry and renewal dates of personal property registry, insurance, mortgages and related licenses.
• Relieve for other staff as required
• Train and support team members as required
• Actively participate in credit union work unit and meetings
• Participate and Represent the credit union within the community or surrounding area
Qualifications
– Minimum grade 12 diploma supplemented by direct lending training and experience
– Lending experience is an asset but not a requirement
– Knowledge in Commercial, Consumer & with focus on Agriculture lending is an asset but not a requirement
– Background in Finance
– Experience working with banking applications
Compensation
Salary will be negotiated based on Education and Experience. Bengough Credit Union offers a 50/50 cost share benefits package, including 6% pension matching and variable pay structure.
About Our Credit Union
Bengough Credit Union has been an integral part of our community for over 80 years. Every year we provide support to various local projects and organizations in the form of volunteer time and donations.
We have our Main Branch located in Bengough, Saskatchewan and Service locations in Viceroy and Willow Bunch. We pride ourselves on being a rural based independent Credit Union. Providing the best possible service anywhere, anytime, anyway. We are the heart of the Ranching and Farming community.
Please submit your resume and cover letter in confidence to:
Katrina McCuaig
Box 70
Bengough, SK
S0C 0K0
kmccuaig@bengoughcu.ca
Loans Manager, Bengough Credit Union
Location: Bengough Credit Union
Posting Date: August 20, 2024
Closing Date: Until Filled
Website: www.bengoughcu.ca
Employment Type: Full-time
Do you have previous lending experience? Bengough Credit Union is looking for a motivated individual to join their lending team as Loans Manager.
As the Loans Manager, you will be responsible for overseeing all aspects of our lending services department. You will lead a team of professionals to ensure the delivery of high-quality lending services to our members while achieving the credit union’s financial goals. Your strategic vision and leadership will be critical in continuing to grow our lending portfolio and expanding our market presence.
Key Responsibility Areas
- Reviews, recommends and implements plans, procedures and practices to improve departmental operations and service provision. Administers operating plan and budgets for assigned area; maintains signing authority for branch lending services
- Initiates action to improve growth and development of the branch lending portfolio by analyzing member needs, trends, and competitor’s offerings; recommends revisions to the marketing plan and pursues new business opportunities by establishing and maintaining liaison with members.
- Supervises and monitors the activities of branch lending services staff; ensures staff resources are appropriately scheduled and organized to accommodate peak periods, seasonal fluctuations, and in accordance with budget and management directives.
- Develops and implements performance and service standards for lending services staff; monitors staff performance and identifies and addresses performance gaps at individual employee and work group level; hires new staff, conducts performance appraisals and, as necessary, initiates disciplinary procedures.
- Grants consumer, commercial, and agricultural mortgages and loans within approved lending limits; receives and analyzes financial and net worth statements and evaluates collateral security; calculates debt servicing capacity, negotiates terms and conditions of loan; approves credit applications referred by other staff and presents recommendations to more senior staff on applications beyond assigned approval authority.
- Provides technical direction in all branch lending service activities and acts as the resident expert for all lending products; provides leadership and guidance to staff on business development and administration of lending products; resolves unique and complex enquiries and problems requiring analysis of the issue, developing potential solutions, and evaluating impact of selected solution.
- Interprets loan reports and identifies further action required to address problem areas such as pending delinquency; monitors delinquent accounts and works with member to develop remedial plans to mitigate risk of loss; participates in all collection activities including legal actions
Qualifications
- Post-Secondary education in related field plus 5 – 7 years of job-related experience, or an equivalent combination of education and experience.
- Knowledge and experience in all areas of a lending portfolio.
- Proven track record of success in developing and executing lending strategies.
- Demonstrated ability to coach, lead and mentor staff.
- Extensive experience in sales and building and maintaining strong relationships.
- Knowledge and understanding of credit union operations is preferred.
- Excellent verbal & communication skills
- Strong organization, time management, problem solving, analytical & decision-making skills
- Strong initiative & ability to work independently & adapt to changing priorities & business needs
- Proven success working in a collaborative & team environment
Compensation
Salary will be negotiated based on Education and Experience. Bengough Credit Union offers a 50/50 cost share benefits package, including 6% pension matching and variable pay structure.
About Our Credit Union
Bengough Credit Union has been an integral part of our community for 80 years. Every year we provide support to various local projects and organizations in the form of volunteer time and donations.
We have our Main Branch located in Bengough, Saskatchewan and Service locations in Viceroy and Willow Bunch. We pride ourselves on being a rural based independent Credit Union. Providing the best possible service anywhere, anytime, anyway. We are the heart of the Ranching and Farming community.
BCU values personal & professional development. If you do not meet all the criteria but believe that your qualifications & experience would be valuable in this position, we strongly encourage you to apply.
Please submit your resume and cover letter in confidence to:
Katrina McCuaig
Box 70
Bengough, SK
S0C 0K0
kmccuaig@bengoughcu.ca
