CFWO Employment Opportunity: SOFII Loans Analyst

Community Futures Western Ontario (CFWO) is a non-profit, community driven organization. Through our 21 Community Futures offices located across rural western Ontario and our SOFII program, we support business development and growth and offer business loans.

SOFII: The Southern Ontario Fund for Investment in Innovation loan program supports high-growth, innovative small and medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of $150,000 to $500,000 to support all aspects of growth challenges facing them.

Job title

Loans Analyst

Organization and department

Community Futures Western Ontario Regional Office

Location

Hybrid

Hiring manager/ supervisor

Sarah Meharg – Executive Director

JOB SUMMARY Loans Analyst

We seek an experienced professional with advanced financial analysis ability, excellent business counselling capabilities, strong interpersonal skills, proficiency and aptitude on multiple computer software programs and excellent written/verbal communication.

The position requires regular review, analysis, assessment, and evaluation of loan applications, creation of a loan submission including credit spreads and amortization schedules, presentation of these submissions to a Loan committee and drafting/presenting of offer letters to approved applicants.

JOB RESPONSIBILITIES

• Daily management of business for our two multimillion dollar portfolios.
• Advising small to medium sized businesses on how to meet our requirements so that we may best address their current challenges and future needs.
• Setting up, maintaining data, and creating reports from our loan management system (FaasBank/FERN) and when required some entry and processing in our Sage accounting software.
• Perform due diligence checks in the preparation of proposals, including:
• Credit checks, Equifax review, PNW analysis.
• Credit checks, Equifax review, PNW analysis.
• Commercial Equifax review.
• Personal Property Security Act (PPSA) searches.
• Title searches, if needed.
• Historical financial statement analysis.
• Preparation and review of credit spreads and ratios.
• CRA, HST enquiries

SKILL REQUIREMENTS

• Minimum two years experience in business loan management, including the preparation of security documents, direct knowledge of the Personal Property Security Act (PPSA) and a familiarity with General Security Agreements (GSA).
• Preference given to those with experience providing business counselling, financial analysis, and business plan assessment services to multiple clients.
• Post-secondary degree or diploma in business, commerce, finance, or similar discipline or relevant work experience.
• Comfortable with public speaking and ability to liaise with relevant organizations and agencies
• Reasonable knowledge/willingness to learn about local economic trends, demographics, available business programs and relevant accelerator organizations.
• Ability to work independently or as part of a team while consistently presenting a professional attitude
• Demonstrating excellent interpersonal skills, sound judgment and strict confidentiality.

ADDITIONAL INFORMATION

Compensation and benefits

To be determined

Other info:

CFWO is committed to building an inclusive and diverse workplace. We are an equal opportunity employer that values a commitment in building a diverse workplace that will elicit strength, creativity, and a culture of empowerment.