Senior Analyst, Lending Unit

Location

Ottawa, ON | Canada

Job description

The Federation of Canadian Municipalities (FCM) is the national voice of municipal governments, representing the interests of cities and communities with the federal government.  Position

Senior Analyst, Lending Unit

Green Municipal Fund (GMF)

Level 5

Our salaries generally range from $75,800 - $95,650, and are based on qualifications and experience

Bilinguism (English and French) is required

Permanent

Hybrid (Ottawa)/Remote (Canada)

Why GMF is the place for you

At GMF, we empower our people to create change where it has the most impact – municipalities. GMF is a $1.6 billion permanent endowment from the Government of Canada, managed at arm's length, making it nimble and available for higher-risk, higher-impact initiatives. A further $530M investment into GMF to support the National Adaptation Strategy was announced in November 2022. Our team is committed to helping local governments switch to sustainable practices faster. GMF is the cornerstone program of the Federation of Canadian Municipalities (FCM).

Our unique mix of funding, resources, and training gives municipalities the tools they need to build resiliency — and create better lives for Canadians. Through GMF, municipalities have reduced carbon emissions; built better transportation assets; constructed efficient and resilient buildings; diverted waste from landfill; made previously unusable land available for development; and improved soil and water quality.

You in this role

Reporting to the Manager, Lending Unit, the Senior Analyst, Lending Unit will contribute to ensuring appropriate risk management is exercised in order to help maintain the long-term sustainability and financial soundness of the Green Municipal Fund (GMF). 

The work at FCM includes FCM becoming an even more member-driven organization that balances the realization of its goals with a people-centered approach. The incumbent embodies FCM’s commitment to being a healthy, diverse, inclusive, and anti-racist organization. As a member of the team, the Senior Analyst, Lending Unit works in a manner that embraces these values, the corporate culture and the passion for FCM’s mandate.

What you’ll be doing

The Senior Analyst, Lending Unit :  

Deal Activity 

• Assists the Senior Manager, Lending Unit in reviewing the proposed credit ratings. This includes; validating cash flow model assumptions, stress testing models, security valuation and analyzing financial statements/business plans. 
• Assists the Senior Manager, Lending Unit in developing loan pricing for Stream II and Stream III loans on a case-by-case basis. Keeps abreast of market trends for the private sector, including interest rates, fees, acceptable financial ratios (EBITDA/(P+I), LTV, etc…).

Portfolio Monitoring and Reporting 

• Reviews all counterparties to GMF loan agreements with outstanding balances for changes in credit quality, at a frequency determined by its internal rating, as per RMU policies/procedures. If there is a change in credit risk rating, provides recommendation and support material to the RMU Head for reclassification. 
• Responsible for post-commitment monitoring of loans once hand-off has occurred from Contracts, including monitoring for covenant compliance and other conditions in the loan documentation, and advises RMU Head and GMF Project Officers and Finance staff of any issues, anomalies or risks.  

Use of Risk Management Tools and Methodology 

• Ensures industry best practices are reflected to the extent reasonable given GMF’s scope of operations (requires periodic discussions with relevant industry players). 
• Assists with and ensures implementation of the risk management framework for each of the following: credit risk, market risk and operational risk.
• Provides research and support materials to the RMU Head as required in disseminating best practice risk approach, appropriate to GMF’s portfolio, amongst GMF personnel.

Your skills make us better 

You bring:

Education:

• University degree in a business administration or finance related discipline. 

Experience:  

• Minimum 5-7 years’ related experience with a financial institution, such as experience as a credit underwriter.
• Experience in risk management with an emphasis on municipal, project risk. 

Knowledge:  

• Knowledge of corporate lending
• Knowledge of municipal and/or climate finance is an asset.
• Extensive working knowledge of financial analysis, due diligence, credit risk mitigation, lending principles/practices, and loan documentation for various loan types, including project finance and asset-backed or real-estate lending.  
• Advanced knowledge of Microsoft Office, specifically Excel and databases (CRM).    
• Proficient in financial modeling tools. 

Competencies:

• Strong analytical skills.   
• Ability to work effectively with all levels of internal and external stakeholders, excellent client service and communication skills.  
• Proactive, problem solving and collaborative mindset.  
• Demonstrated ability to prioritize and meet regular deadlines.  
• Highly organized and the ability to work unsupervised.   
• High level of accuracy and attention to detail is essential.
• The ability to work in both official languages (English and French) is required.

Why working here rocks 

We prioritize work-life balance with our flexible model:

• When we say flexible work model, we mean that in collaboration with your manager and based on what your team needs, you have the flexibility to determine when you work so that you can enjoy a healthy balance between work and personal demands.
• While you do need to live in Canada for this role, you can primarily work from home. Travel may be required to Head Office in Ottawa periodically. The majority of the GMF team operates from the National Capital Region.
• We do like to visit the areas we are impacting and it allows us to see unique and wonderful parts of our country. You may find yourself traveling nationally 10-15% of the time. 

We don’t just talk about employee wellness, we live it:

• Summer hours between July 1 and Labour Day:
  • 7-hour workdays rather than 7.5
  • Every Friday off in the summer
• Flexible work arrangements to support productivity and well-being
• Commitment to employee development
• Competitive range of employee benefits and services
• Office facilities located in the Byward Market and Ottawa’s downtown core

We’re committed to fostering an organizational culture that embraces equity, diversity, inclusion and belonging , where individuals from diverse racial and ethnic identities, nationalities, social economic status, sexual orientation, gender identity/expression and physical and mental abilities can thrive and be fully engaged at their best level.

We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process.

How to apply

If this role speaks to you and the impact you want to make, we’d love to hear from you! Apply today.

The deadline to apply is  March 20th, 2024.

The future of work here includes a hybrid work model; therefore, this role will be a combination of virtual and on-site work.

The successful candidate is required to live in and be authorized to work in Canada. They are also required to be able to work from home/remotely, from within Canada. All in-office work and in-person meetings for work that take place inside and/or outside of the offices located in Ottawa will be subject to FCM’s Safe Workplace Vaccination Policy, as well as its health and safety procedures.

For additional information on this posting, or for further information on FCM, access our website at . Learn more about the Green Municipal Fund at

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