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Date Posted:
Mar 31, 2021

Closing Date:
Apr 15, 2021

Business, Finance & Administration

Hours per Week:

How to Apply:
Please send resume to: SEDC, Attention General Manager, 515 Mill Street, PO Box 177, Neustadt, ON N0G 2M0

Loans Administrator - Saugeen Economic Development Corporation

Local Employer

Need help applying to this job? Call 519-371-9222 ext. 6. Not the right job for you? We'll help you find one that is.

Job Description:

The Saugeen Economic Development Corporation (SEDC) is a private, not for profit organization whose mandate is to actively pursue and encourage the development, implementation, and maintenance of local initiatives that promote community development, job creation and the growth of small businesses.

SEDC has a position available for a Loans Administrator.  This position will start May 3, 2021, approximately 30 hours per week.

Essential Duties and Responsibilities include the following:

Assist in in underwriting new commercial loans, completing annual reviews on existing commercial loans and assisting in meeting overall commercial targets. As a key member of the team, he/she will be instrumental in assisting the General Manager with portfolio risk management and relationship management. Key Responsibility Areas: Support the General Manager in underwriting and cash flow analysis on new loan inquiries Conduct annual reviews on existing loans when required in association with the Account Managers. Complete monthly, quarterly and annual covenant testing and margining calculations Keep all management reports up to date e.g. pipeline report, loan arrears report, delinquency report etc. Effectively communicate with internal and external stakeholders Keep the credit, cashflow and security files up-to-date and in order Perform ad hoc requests on existing portfolio, including partial discharges, PPSA registration etc. Follow up with members in obtaining updated reporting or other inquiries as directed by the Account Managers. Provide recommendations on loan renewals, existing member refinances and annual reviews All other duties assigned

You will possess the following Expert Skills:

Well versed in the identification of risk and warning trends on Commercial Loans Capable of analyzing and interpreting financial statements including trend analysis and ratio calculations Extremely knowledgeable about small business and commercial banking products and services

Unquestionable integrity and a genuine desire to help others Ability to thrive in a high volume, fast-paced environment, with the flexibility to put in the extra time necessary to maintain service levels at busy times of the year Self-motivated and self-sufficient in approach to work Strong organizational and time-management skills Strong analytical skills with attention to detail and concern for data accuracy Ability to build and maintain positive and effective relationships with others Strong oral and written communication skills, a good listener, articulate, ability to effectively present information and respond to managers, referral sources and customers Strong work ethic; ability to work to achieve desired production results Use Microsoft Office products excel, word, outlook, etc.


  • Post-secondary degree in Business Administration or other relevant experience
  • 3 - 5 years of Commercial Lending experience
  • 3 years commercial credit underwriting experience would be considered an asset

Closing date for applications: April 15, 2021


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