Job Posting 66568

Credit Analyst, GMF
Federation of Canadian Municipalities
Ottawa area
closes in 7 days (Wed, 2 Dec)
full time  •  Salary band: $75,800 - $95,650

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:                Credit Analyst, GMF

Department:           FCM Programs

Classification:       Level 5

Salary Band:          $75,800 - $95,650

Language:             Fluently Bilingual (English and French) required

 

Background:

The cornerstone of the FCM Programs department is the Green Municipal Fund™ (GMF), a $1.7 billion permanent endowment from the Government of Canada. As a leading catalyst for innovation at the local level, GMF offers funding (loans and grants) and knowledge to local governments and their partners for sustainable municipal initiatives designed to support communities to improve air, water, soil quality and to protect the climate. Through GMF, municipalities have 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. GMF also strengthens the capacity of Canadian municipalities to plan and invest in innovative, sustainable infrastructure, thereby saving millions of dollars for taxpayers and creating jobs that contribute to local economies. GMF shares the lessons and expertise gained from these initiatives through skills-enhancement, training and knowledge-sharing activities including case studies, manuals and reports, webinars, the FCM Sustainable Communities Awards and the FCM Sustainable Communities Conference. These activities help other communities replicate the successes of GMF-funded initiatives, multiplying the benefits of those initiatives across the country.

 

Major Purpose:

Reporting in to the Manager, Client Service Support, the Credit Analyst contributes to the mandate and long-term financial sustainability of GMF by ensuring that all loan transactions (low, medium & high risk), are appropriately analyzed, structured, mitigated, negotiated, documented and priced, reflecting the risk profile, views of management, and GMF’s current risk tolerance. GMF loans are primarily directed towards municipalities but are also increasingly with municipal corporations, non-government entities and private sector entities.

 

Key Responsibilities:

  • Conducts full transaction risk assessment. Risk assessment consists primarily of credit risk but also includes, as relevant, the nature, levels and possible mitigants for all other risks of the transaction, including legal, documentation, sponsor, environmental liability, financial structure, technology, funding risk, reputational risk, etc.
  • Participates on deal teams for complex transactions, providing credit and transaction risk advice and input to deal team members and clients at the business development and application phases, as appropriate, as well as preparing or supporting loan documentation as required (term sheets, loan agreement, etc.).
  • Seeks transaction approvals, writes up appropriate credit analyses and summaries, and recommends initial credit rating, in accordance with policies in effect.
  • Reviews and prepares recommendations regarding all financing documentation for the transactions, highlighting major risks and proposing potential mitigants.
  • Assesses the nature and extent of security required and adequacy in mitigating the transaction risk profile.
  • Recommends key loan parameters, including loan pricing and tenor, based on the assessment of borrower credit risk, nature of the transaction, and taking into account market pricing benchmarks and GMF pricing policies.
  • Liaises with sponsors, applicants/borrowers as part of the negotiating process.
  • Liaises with the Senior Manager, Risk Management Unit (RMU), to ensure that lending risks are identified, and to obtain concurrence or guidance on transaction risk issues from the Risk Committee.
  • Provides assistance and support, as required, to Contract Project Officers, in ensuring all applicable conditions precedent to disbursements are met.
  • Provides input and content to required authorizations and reports, including authorization templates, Annual report, Quarterly Funding Services Reports and Council Reports.
  • Participates in ongoing process improvements by providing input and recommendations for policies, standards, credit practices and procedures to ensure effectiveness, compliance and alignment with current industry trends and best practice.
  • Participates in cross-functional team project work for GMF or FCM organization initiatives as required.

 

Knowledge and experience

  • Bachelor’s degree with specialization in Finance, Accounting or a related discipline, combined with significant experience in a similar role. Accounting or finance related professional designation (e.g., CPA, CFA, etc) a strong asset. Graduate degree, preferably in Business Administration or a technical field related to the Fund, 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.
  • Minimum 5 years related experience in a similar role, with an emphasis on project risk analysis and corporate lending.
  • Knowledge and understanding of complementary financing techniques and instruments (e.g., equity, leasing, real estate finance, etc.).
  • Proficient in financial modeling.
  • Excellent client service orientation.
  • Strong negotiation and influencing skills.
  • Outstanding written and verbal communication skills.
  • Proactive, problem solving and collaborative mindset.
  • Knowledge of municipal and/or climate finance is an asset, particularly sustainable affordable housing and community efficiency financing.
  • Previous experience with a financial institution and/or a municipal/non-profit entity is an asset.
  • Strong attention to detail and accuracy.

 

Language:

  • The ability to communicate and work in both official languages (written and spoken fluency in both English and French) is required.

 

The benefits of joining the FCM team include summer hours (Fridays off between July 1st and Labour Day); office facilities located in the ByWard Market; FCM’s commitment to employee development and a competitive range of employee benefits and services.  Due to the COVID-19 pandemic, FCM is currently under a work from home protocol.   The successful candidate must have the ability to work from home until at least January 2021.

For additional information on this posting, or for further information on FCM, access our website at www.fcm.ca.

 

Visit the careers section of our website to apply. Deadline for applications is December 2, 2020

 

We thank all candidates for their interest; however, we will only contact those selected for an interview. All the applications will be kept on file for six months following the hiring.

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