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About the role

  • Commercial Special Accounts Manager controlling complex commercial delinquencies for BC-based Tru Cooperative Bank. Managing collections, credit risk, legal recovery, and financial analysis across sensitive accounts.

Responsibilities

  • Control and manage commercial delinquency on highly complex, sensitive, and/or large-impact memberships and accounts under the RR40/Watchlist portfolio
  • Support selected RR40 and RR50 files and collect commercial delinquency
  • Serve as a subject matter expert on Tru Cooperative Bank’s commercial portfolio
  • Coordinate and execute the commercial delinquency control program while ensuring compliance with credit policies and statutory and regulatory requirements
  • Manage complex commercial collections and RR40/50 situations, including restructured proposals, foreclosures, repossessions, and court action
  • Assess costs and resources required to maximize returns on properties held for resale
  • Act as collector for unique, highly complex, or sensitive delinquencies and the RR40s/Watchlist portfolio
  • Complete commercial write-off submissions, refer write-offs for senior leadership approval, assess future collection potential, and monitor written-off delinquencies
  • Provide expertise and guidance to branches, members, and departments across Tru
  • Initiate legal action under federal and provincial Recovery Laws and liaise with law firms representing Tru
  • Complete annual reviews of selected commercial accounts, RR40s, and RR50s
  • Monitor the portfolio to preserve Tru asset quality and identify terms and conditions
  • Identify credit risks in restructured accounts and develop recovery plans to mitigate them
  • Provide delinquent portfolio analysis to corporate credit
  • Analyze financial statements and identify potential issues or concerns
  • Work closely with the Director, corporate credit, and sales teams to identify early warning signs, address deficiencies, manage risk, and implement risk mitigation strategies

Requirements

  • 7 years’ progressive experience in commercial credit and collections, including 3 years in a management role
  • Bachelor’s degree or a combination of education and experience
  • Experience with delinquency and collection practices, policies, procedures, and legal requirements
  • Experience with commercial underwriting
  • Experience with corporate credit analysis
  • Regulatory knowledge
  • Negotiation and risk management experience
  • Experience dealing with executive officers, boards, litigation lawyers, accountants, and appraisers
  • Strong verbal and written communication and interpersonal skills
  • Excellent decision-making skills with consideration of long-term implications to the member and organization
  • Sound knowledge of financial statement analysis and accounting policies/practices
  • Proficient knowledge of credit evaluation methods, tools, and techniques
  • Understanding of FICOM and OSFI regulatory requirements on credit issuance
  • Proficiency with computer software programs such as MS Office
  • Demonstrated adherence to policies and procedures and understanding of risk ownership
  • Successful candidates must complete employment verification, credit check, and criminal record check

Benefits

  • Mental health coverage and resources
  • Customizable health benefits
  • Topped-up parental leave
  • Performance-based compensation
  • Employee banking advantages
  • Group RRSP matching
  • Vacation time
  • Flexible work arrangements
  • Paid time off to volunteer
  • Award-winning in-house training programs
  • Access to LinkedIn Learning
  • Reimbursement for external courses

Job title

Job type

Full Time

Experience level

SeniorLead

Salary

CA$90,400 - CA$115,800 per year

Degree requirement

Bachelor's Degree

Location requirements

HybridLangleyCanada

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