Job Title: Loans Manager
Job Description: POSITION QUALIFICATIONS:
The minimum requirements for this position are:
a) Successful completion of College Diploma / University Degree in a relevant business discipline.
b) Knowledge of accounting practices and financial analysis skills
c) Demonstrated ability in assessing business plans
d) Experience in designing and implementing marketing campaigns/strategies
e) Ability to communicate in both official languages is an asset
Informal Requirements:
a) Strong organizational skills and ability to work independently with minimal supervision
b) Ability to work with a volunteer Board of Directors
c) Solid interpersonal skills and ability to work effectively as part of a team
d) Excellent verbal and written communication skills
e) Valid driver’s licence and willingness to travel within catchment area
SPECIFIC ACCOUNTABILITIES:
Business Investment Functions
Interview SME clients and review business plans to determine the financial needs of business applicants.
Prepare a complete application for credit using NBFDC’s standard business application and undertake a thorough credit investigation of the applicant.
Prepare loan recommendations (including amounts, rate of interest, security and covenants) for review by the Executive Director
Present and support recommendations to the Investment Committee.
Prepare Offers to Finance, fee payment schedules and relevant follow-up instructions for solicitor(s).
Ensure the collection and administration of investment accounts, reporting any exceptions to the Executive Director.
Assist the Executive Director in compiling monthly progress and activity reports for the Board of Directors.
Complete post-annual reviews and renewals of authorized credits by reviewing year-end financial statements and discussing progress with clients.
Follow-up with clients to determine on-going support and potential referrals.
Business Counselling & Support
Provide technical assistance and support to clients in preparing quality business plans.
Discuss financing options and business development strategies with clients.
Work with other business development officials in community and develop referral network.
Foster collaborative and supportive relationships with clients who approach NBFDC.
Marketing & Promotion
Organize and deliver presentations of NBFDC’s financial assistance program on a regular basis to referral sources including: banking sector, legal firms, accounting firms and other community groups.
Maintain close relationships and liaise with officials from local businesses, lending institutions, economic development organizations and governmental bodies.
Under the direction of the Executive Director, oversee implementation of Marketing and Communications strategies/priorities on an annual basis.
Establish partnerships with other relevant business and economic development organizations to stimulate business development and create employment opportunities.
Increase referral base and loan volume for the Corporation through coordinated outreach, attending community meetings and participating in public education initiatives.
Attend any special seminars, conferences or meetings that will provide value in achieving the goals of the Corporation
WORKING CONDITIONS:
It is expected that the position will entail a 35-hour work week with additional evening work including Board and Committee meetings.
PROFICIENCY PERIOD:
This position will have a probationary period of 6 months.
The foregoing description reflects the general duties necessary to describe the principal functions of the job identified and shall not be construed to be all the work requirements that may be inherent in this position.
Job Types: Full-time, Permanent
Salary: $45,000.00-$62,000.00 per year
Benefits:
Dental care
Disability insurance
Extended health care
Life insurance
Vision care
Schedule:
Monday to Friday
Experience:
Finance & Accounting Occupations: 1 year (preferred)
Language:
English and French (preferred)
Company Logo:
Company/Organization Name: Nickel Basin Federal Development Corporation
Company Information: Nickel Basin Federal Development Corporation is an incorporated, not-for-profit organization with a mandate to administer a community loan fund in support of small and medium-sized businesses.
Funded through Industry Canada and FedNor, Nickel Basin promotes economic growth and diversification that creates and maintains jobs in and around the City of Greater Sudbury.
Since its September 2000 inception, Nickel Basin has authorized loans totaling over $40 Million and maintained and created 4,950 full time and part time jobs.
Nickel Basin can assist businesses that are located in the City of Greater Sudbury. This area includes as far north as Cartier, east to Wahnapitae, west to Beaver Lake and south to Estaire.
Posting Date: 03/22/2022
Closing Date: 03/31/2022
Website: http://nickelbasin.ca/
Contact Phone Number: 705-688-7591