Director, Construction Finance

Director, Construction Finance

DUCA is looking for a Director, Construction Finance to join our dynamic Commercial Lending team.

Job Purpose & Summary

Reporting to the Assistant Vice President, Construction Finance, the Director, Construction Finance will manage a portfolio of construction loans and Member deposits, will independently develop new business, manage relationships, and develop strategies to ensure annual growth, risk, and financial targets are met. Leading a team of Analysts, this position will oversee the annual review program and manage the credit expiries for DUCA’s Construction Finance portfolio. 

Key Accountabilities & Duties

• Lead a team of Analysts to develop and maintain a profitable commercial portfolio of complex construction loans valued between $3MM-$30MM, including participation in loans led by other credit unions or financial institutions.
• Source new deposit relationships and loan applications by soliciting existing and potential clients and other financial intermediaries.
• Review and underwrite commercial credit applications over $10MM, providing products and services which meet the clients’ needs while adhering to DUCA’s lending policies and practices.
• Support a team of Analysts in underwriting deals typically between $3MM-$10MM.
• Actively monitor the loan portfolio to ensure accounts are operating as authorized and take measures necessary to remedy non-performing assets.
• Act as a coach and mentor for their team, develop employee skills and capabilities in the areas of Member relationships, internal practices and approach, and building a personal brand across the organization.
• Manage and oversee credit expiries for the Construction Finance team to ensure the process is being proactively managed and that DUCA remains within the credit expiry limits established by our credit policies.
• Lead or represent DUCA in loan syndications related to construction financing.
• Represent DUCA at community, business networking, and trade association events.
• Manage performance of direct reports, including training, coaching, feedback, hiring, and performance reviews.
• Maintain strong understanding of DUCA’s Credit Policy and keep abreast of changes.

Occupational Experience & Education Requirements

• Undergraduate degree in business, finance, or related area, and/or MBA and/or equivalent work experience preferred.
• Minimum of 8 years’ experience in commercial lending, construction financing, relationship management, and/or commercial risk management.
• 2+ years’ people management experience.
• Exposure to syndicated and/or shared commercial financing.
• Sales management experience an asset.
• Proficiency in MS Office Suite with strong knowledge of Excel.

Knowledge, Skills & Attributes

• Computer literate, high proficiency in Microsoft Excel.
• Problem solving and issue resolution skills.
• Effective team player and ability to work well within a group setting.
• Strong negotiating and influencing skills.
• Familiarity with mid-market commercial and real estate related financing.
• Strong business development, leadership, sales, and relationship management skills.
• High level of analytical, credit assessment, and underwriting skills.
• Balanced focus on profitability, portfolio growth, and asset quality.
• Proven abilities in coaching, mentoring, and individual employee development towards consistent performance and sales results.
• Strong interpersonal, partnership, and collaboration skills.
• Highly organized with the ability to multi-task and meet tight or conflicting priorities.

Working Conditions

• Normal office environment
• Regular travel within Ontario required

Department: Commercial Lending

Primary Location: Corporate Office - 5255 Yonge Street, North York

Employment Status: Full-time

Hours per Week: 38

Job Grade Level: 10

About DUCA

DUCA exists to help people do more, be more and achieve more with their money and their lives. We’re driven by a co-operative philosophy that puts our Members (and Owners) at the centre of every decision we make, gives them a voice in how we’re run, and rewards them for their loyalty by sharing our profits.

At DUCA, we’re dedicated to creating a positive environment where our employees have growth and development opportunities, a healthy work/life balance, opportunities to give back to the community, and a focus on doing what is right for our Members. DUCA offers a competitive total compensation package including base salary, a short-term incentive (bonus) program, a comprehensive benefits program, pension plan, and employee banking benefits.

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application. Applications must include both a resume and cover letter.

We thank all applicants but only those considered for an interview will be contacted.