Loan Syndications Manager

Job Responsibility:

Why Meridian?

At Meridian, our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

Find our story here: About Meridian

Our Business Banking Practice:

Our vision is to be recognized as the financial institution that has the most local impact, supported by a purposeful value proposition to our Members.

We take the time to get to know our Members' business, anticipate their needs and provide customized solutions. After all, our obligations are to our Members, not shareholders, and we take to heart the best interests of our Members and communities we serve! We're passionate about what we can do for their business, and we're empowered to leverage our local autonomy to meet their unique needs.

In addition to building customized solutions for business, we offer full service commercial banking solutions, including a wide selection of daily banking products, complementary lending services, cash management solutions, as well as insurance and investments.

As a Loan Syndications Manager:

You will report to the Director, Loan Syndications. This role will be a corporate/commercial lending and loan syndications specialist, as well as a relationship manager for the financial institutions we partner with. The incumbent will play a key role in ensuring efficient, effective and highly professional delivery of Meridian's syndication capabilities. This role will manage outbound syndications as well as our inbound syndicated loan portfolio, both of which are comprised of large and highly complex corporate and commercial loans, in both real estate and a wide range of diverse industry sectors. As a key member of the Syndications team, this role will share accountability for achieving aggressive loan volume, revenue and profitability goals while ensuring that risk is appropriately identified, mitigated and managed.

What you will do:

Outbound Syndication

• Assist Business Banking delivery teams with loan structuring to win the mandate while ensuring prospect of successful syndication
• Lead the syndication process including preparing and distributing syndication material, addressing questions from potential participants, reviewing loan documents, preparing syndication agreements for execution, and assisting in funding/closing with timely and proactive communication and fast problem-solving
• Primary role for all lead-agent responsibilities with respect to syndicate participants including amendments, renewals and annual reviews ensuring that all Meridian-led loans are managed in a highly professional fashion throughout the life of each syndicated loan facility

Inbound Syndication

• Play a supporting role relative to inbound syndication participations, including evaluation of such opportunities, facilitating credit underwriting and approvals, documentation and funding
• Ongoing involvement in the smooth operation of inbound syndicated facilities, including any reviews, extensions and amendments throughout the life of each facility

Other Functions

• Develop and manage relationships with other financial institutions that Meridian partners with
• Primary responsibility for developing new limit applications relative to new financial institution partners, as well as conducting annual reviews and submitting renewal applications relative to existing partners
• Assist with management reporting, audits and other activities as required to ensure the smooth and highly professional delivery of the Loan Syndications group's activities
• Support corporate development activities relating to the enhancement or development of syndication, products, services, processes and delivery capabilities within Meridian

How you will succeed:

• Significant experience (minimum 5-years) and expertise in corporate and commercial lending, credit analysis, credit structuring, underwriting, adjudication and documentation, including ability to quickly navigate complex credit agreements
• A natural curiosity and well-developed critical thinking and problem-solving skills to identify problems, generate sound solutions and decide on a course of action
• Strong relationship management skills
• Effective communication and interpersonal skills
• Ability to handle tight deadlines and complex workload, prioritizing work in a fast-paced environment
• Team player with a track record of taking ownership and demonstrating initiative and creativity
• Experience in commercial loan syndications would be a distinct advantage
• Experience with construction financing would be an asset
• Strong office systems competency (Word / Excel / PowerPoint); ability to understand complex financial modelling
• Bachelor's degree in business, commerce, finance or economics

Join us! This role is hybrid. Our office is located at 3280 Bloor St W, Etobicoke, ON.

Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.

What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

• We provide you with the tools and technology needed to delight your candidates and clients!

• You'll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world

• Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues

• This isn't your typical "corporate" job. We work hard and we have fun!

Who we are:

Meridian is Ontario's largest credit union, and second largest in Canada, helping to grow the lives of our more than 360,000 Members. Meridian has more than 75 years of banking history and is 100% owned by its members. With 89 retail branches and 15 Business Banking Centers across Ontario and $ 30B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2000 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.

Find our story here: About Meridian

Our Commitment to You

Meridian is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.

Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Thank you for your interest in Meridian Credit Union.

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Experience

• Minimum five years of corporate/commercial lending and credit granting experience

Education

• Bachelors or better in Finance or related field

Skills

• Critical thinking
• Manages Competing Priorities
• Interpersonal
• Effective Communicator
• Problem Solving
• Relationship Managing
• Decision Making
• Collaboration
• Analytical

Behaviors

• Team Player: Works well as a member of a group
• Enthusiastic: Shows intense and eager enjoyment and interest
• Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
• Dedicated: Devoted to a task or purpose with loyalty or integrity

Motivations

• Goal Completion: Inspired to perform well by the completion of tasks
• Self-Starter: Inspired to perform without outside help