About Vancity Community Investment Bank
Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. Come join our team of 2,600 diverse individuals and access competitive rewards & benefits, all while knowing you are a part of a greater movement.
This position is based at Vancity Community Investment Bank (VCIB), an Ontario-based subsidiary of Vancouver City Savings Credit Union (Vancity). As Canada’s first values-driven bank, VCIB provides banking, investing, and financing solutions to help purpose-driven businesses and organizations create, grow and foster change. At VCIB, we embrace your strengths and your ambitions, so you feel empowered at work. We need talented, passionate professionals who are dedicated to using finance as a force for good and doing what’s right for our clients.
About the workplace
The Associate, Lending Services is responsible for the funding process for the Vancity Community Investment Bank team. They ensure all conditions precedent to funding are met and legal and security documents reviewed/in place pre/post-funding. The Associate will work closely with Account Managers, external solicitors, and clients throughout the process, and plays a pivotal role in building strong relationships with clients throughout the life of the loan, from onboarding to annual reviews.
This permanent, full-time role will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity Community Investment Bank head office location and your Ontario based home office. Periodically, in-person events or activities will be required of you.
A typical day will involve:
- Engage with clients to ensure timely receipt of annual review documents, meticulously review for completeness, and maintain reports/trackers to meet deadlines.
- Onboard new lending clients by obtaining and reviewing Know Your Client (KYC) documents, setting up online banking profiles, and inputting in loan system. Ensure any follow-up items are obtained in a timely manner to ensure alignment with compliance requirements.
- Manage new loan funding requests and construction draw requests, ensuring all conditions precedent to funding are met and legal/security documentation aligns with Credit approvals, both pre- and post-funding.
- Analyze project management reports to prepare construction draw requests and highlight potential issues or discrepancies to Account Manager.
- Assist VCIB Admin team with daily tasks and ad hoc projects when needed.
You Are:
- A problem solver - You have an analytical mind and can multi-task to come up with solutions
- A great communicator - You find it easy to get to know others and have great conversations
- Ready for a challenge - You have a positive attitude and are able to work in a fast-paced changing environment
- Resourceful - You understand and utilize the network of resources available to you and can independently formulate appropriate solutions for your members
- A strong relationship builder- You find it easy to get to know others and build trust
You Have
- Bachelor's degree in Business, Economics, Finance or related field
- 3-5 years of experience in banking, commercial loan funding, and/or client service
- Proficient in commercial loan funding processes and requirements
- Experience with commercial construction projects and project management reporting is a bonus
- Strong communications skills (oral and written)
- Strong organization skills and attention to detail, with the ability to manage competing priorities under tight timelines.
We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.
Posting Deadline: Posted until filled
We offer:
- We are the largest private-sector Living Wage Employer in Canada and have been consistently recognized as one of the Top Employers in Canada.
- Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
- New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows — to a maximum of six weeks per year — as their length of service increases. In addition, full-time, permanent staff may be able to purchase extra days of vacation through our flexible benefits package.
- In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness, plus opportunities to take unpaid leave for a variety of reasons.
- Our health care & dental benefits offer three levels of health care and dental coverage for you to select from. These benefits will also be effective immediately based on your hire date.
- We understand that retirement means different things to different people and at Vancity we will offer you a Defined pension plan that pays you a retirement income for life.
Please note that all shortlisted candidates for this role will be required to complete a background check which includes employment verification, credit check, and a criminal record check.
We are committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at recruitment@vancity.com for confidential support. In-person assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.
