Senior Credit Analyst

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $5.8 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are seeking a Senior Credit Analyst to join our Real Estate Lending team. This is a full-time, in office role based in London, Ontario.

As a Senior Credit Analyst, you will play a key role in supporting the management and growth of our commercial real estate portfolio. You will provide high-quality analytical and underwriting expertise for new and existing accounts, drawing on your industry experience to assess risk and ensure sound credit decisions. In this role, you will be responsible for the timely adjudication of commercial and real estate loan applications. This includes completing credit analyses and evaluating asset values within departmental guidelines and procedures. This is an excellent opportunity for anyone with a passion for commercial real estate.

Primary Responsibilities include:

Support underwriting, account monitoring, and administration.

Provide underwriting support for new credit applications and complex amendments/renewals.

Analyze new transactions and assist in the preparation of deal memos.

Gather requirements of interim reviews and prepare credit memos.

Respond to client inquires and complete site visits as required.

Review underwriting for junior team members, providing feedback and support as necessary.

Analyze third-party reports including, financial statements, rent rolls, appraisals, ESAs and other credit information.

Ensure compliance with corporate policies and procedures, and that all credit and other risks are adequately identified in credit correspondence and credit structure mitigants are recommended.

Ensuring credit reviews are completed on a timely basis and necessary approvals for extensions are obtained.

Ensuring aspects of increased risk are identified and communicated to the appropriate levels in all instances where potential for credit loss has been identified.

Provide mentoring and assist with training of new and junior team members.

Make recommendations to policies and procedures where either market conditions warrant or operational efficiencies can be realized without increasing business risk.

Work closely with credit administration team to ensure all lending terms and conditions established with borrowing client are adhered to at all times.

Complete special projects and assist in other areas within lending operations as assigned.

Providing analytical and administrative support for special projects as required

Qualifications:

Business degree or related post-secondary education and/or relevant experience.

A minimum of 3 years of direct real estate lending, underwriting, or credit analysis experience.

Excellent verbal and written communication skills.

Strong proficiency in financial statement analysis, accounting principles and credit application preparation.

Advanced skills in Excel, Word, and ability to learn new systems.

Strong analytical and problem-solving skills, with the ability to prioritize and resolve issues as they arise.

High attention to detail and a drive to deliver accurate, high-quality results.

Demonstrated ability to bring sound business judgement to decisions and evaluations.

Responsive to the needs of stakeholders, supported by an acute awareness of the impact of actions.

Mentorship experience with junior level employees considered an asset.

What we offer:

A collaborative and team-focused work environment.  

Competitive compensation package, including incentive opportunities and pension supplement program. 

Comprehensive benefits program and fitness program designed to support your well-being. 

Professional development and tuition reimbursement programs. 

Application Procedure:

If working for a ‘non-traditional’ bank with an entrepreneurial flair appeals to you, we encourage you to apply. Please be advised that only those applicants selected for an interview will be contacted.

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support(s). If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.