Senior Manager, Commercial Credit Adjudication
Top Benefits
About the role
About this opportunity
At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.
The Senior Manager, Commercial Credit Adjudication role requires the incumbent to adjudicate on complex time sensitive Mid-Market operating company and real estate transactions quickly and efficiently. In addition, the role includes approving, amending or declining credit applications within delegated authority (currently up to $15 million per Member) or make recommendations if beyond delegated authority in a timely efficient manner, ensuring risk is appropriate and Member service is maintained.
Primary Responsibilities of the role include the following:
Adjudication
-
Conduct underwriting / adjudication on commercial credit applications (new, increased, renewal, amendments) in excess of lenders discretionary limits, either within their own limits or by referral to the Director and / or Management Loan Committee.
-
Exercise sound and consistent underwriting practices to ensure compliance with established policies and procedures.
-
Provide consistent, timely and focused value-added service to the Business Banking Delivery units.
-
Assist on overall management and control of excesses and delinquency.
-
Assist in the writing and / or review of credit policies and the Commercial Credit Procedures Manual along with preparing industry profile papers and reports.
-
Keep abreast of changes within a range of diverse industry sectors and proactively identify opportunities to improve the risk profile within Meridian’s Business Banking portfolio.
Problem Solving
-
Apply sound credit adjudication based on knowledge and technical acumen, to reach resolution on differences in opinion, approach, policy interpretation with lenders and Credit Management staff.
-
Address daily technical problems on security documentation questions, systems issues & loan coding issues and errors.
-
Escalate more complex issues on unresolved matters to the Director and / or VP Business Credit.
-
Understand and keep track of market and regulatory changes and developments and incorporate into Member credit adjudication strategy.
Communication
- Regular communication with colleagues in Sales and Relationship Management to regularly share opportunities for improvement with respect to credit applications and due diligence.
- Foster a culture of shared, proactive risk management with Business Banking partners.
- Liaise with external parties (project monitors, lawyers, accountants, appraisers, etc.) on an “as-needed” basis.
- Be a Team Player amongst the credit department and key internal business partners, along with representing and promoting the Meridian brand and the Meridian For Good strategy.
Qualifications:
-
Minimum 10 years Commercial Credit adjudication experience in the financial services industry.
-
University Degree in Business, Finance, or related discipline, or an equivalent combination of education and experience
-
Multidimensional banking professional with a background in all aspects of the commercial credit and banking functions
-
Strong understanding of advanced business sectors (including leveraged finance & private equity, out & in-bound syndications, mortgage / leasing / bulk finance entities) and corporate structures (i.e. Partnerships, LLP, REITS, Trusts)
-
Prior experience in income property lending, land, development & construction and hospitality sectors is an asset
-
Familiarity with acceptable financing options and techniques (i.e. senior, mezzanine, subordinate debt, share and other equity offerings).
-
Working knowledge of commercial account operating procedures, cash management services and other banking products (i.e. credit cards, forex, fund transfers)
-
Sound understanding and ability to review commercial lending security and related documentation
-
Exposure to collection / work out techniques and remedies would be of benefit
-
Excellent written and verbal communication skills
-
Able to prioritize and plan workload to meet deadlines in a dynamic, fast-paced environment. Self-motivated.
-
Proficient PC skills with emphasis on i-lend and MS products including Word & Excel.
Salary Range: CAD $95,000 to $142,400 annually.
Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.
Office Location: 3330 Bloor Street West, Toronto OR 75 Corporate Park Drive, St. Catharines. This is a hybrid work opportunity.
Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires a minimum of one day per week in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is important to us.
What's in it for you?
-
We have an inclusive and collaborative working environment that encourages teamwork, creativity, curiosity, and celebrates success!
-
We provide you with the tools and technology needed to delight your candidates and clients!
-
You will get to work with and learn from diverse industry leaders and colleagues, who have hailed from top organizations.
-
Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues.
-
This is not your typical "corporate" job. We work hard and we have fun!
Build the Future of Banking with Us
At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:
-
Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
-
Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
-
Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
-
Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Who we are:
Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.
Find our story here: About Meridian
Experience the Difference!
Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.
Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.
Please note that due to the volume of applications, only those under consideration will be contacted for an interview.
Thank you for your interest in Meridian Credit Union.
Follow us on Twitter at
@MeridianCareers
Connect with us on LinkedIn
#LI-TJ1
#LI-HYBRID
Skills
Required
- Collaboration
- Critical thinking
- Customer Focus
- Decision Making
- Problem Solving
- Manages Competing Priorities
- Results Oriented
- Conflict Management
- Analytical
Behaviors
Required
- Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
- Dedicated: Devoted to a task or purpose with loyalty or integrity
- Enthusiastic: Shows intense and eager enjoyment and interest
About Meridian Credit Union
The Meridian Experience!
A different employment experience Are you looking for an employer who shares your passion and enthusiasm? Do you want a job where you know you’re making a difference, every day you come to work? Do you want a challenging career with an organization that gives back to the community and whose employees embrace corporate social responsibility?
Consider Meridian as a way you can grow your career with us. Where you’ll be involved in local decision making, work hands-on in finding solutions for our Members, where everyone works together to achieve our personal and financial goals.
We’ll provide an inspirational environment that’s open and collaborative that empowers you to reach your professional goals and excel in the work of fulfilling our vision.
You’ll have an opportunity to develop strong, enduring and independent working relationships where long-term partnerships with our Members is a reality. We are committed to creating a highly engaged workforce; we believe it’s critical to our success.
As a company that puts people first. Meridian has always paid close attention to the rising cost of living and factored this into employee wages, which is why we are incredibly proud to be Ontario’s largest certified living wage employer. We pay all our employees, regardless of role, a living wage as calculated by the Ontario Living Wage Network. We believe that fair compensation for our employees translates to improved financial and overall well-being.
Senior Manager, Commercial Credit Adjudication
Top Benefits
About the role
About this opportunity
At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.
The Senior Manager, Commercial Credit Adjudication role requires the incumbent to adjudicate on complex time sensitive Mid-Market operating company and real estate transactions quickly and efficiently. In addition, the role includes approving, amending or declining credit applications within delegated authority (currently up to $15 million per Member) or make recommendations if beyond delegated authority in a timely efficient manner, ensuring risk is appropriate and Member service is maintained.
Primary Responsibilities of the role include the following:
Adjudication
-
Conduct underwriting / adjudication on commercial credit applications (new, increased, renewal, amendments) in excess of lenders discretionary limits, either within their own limits or by referral to the Director and / or Management Loan Committee.
-
Exercise sound and consistent underwriting practices to ensure compliance with established policies and procedures.
-
Provide consistent, timely and focused value-added service to the Business Banking Delivery units.
-
Assist on overall management and control of excesses and delinquency.
-
Assist in the writing and / or review of credit policies and the Commercial Credit Procedures Manual along with preparing industry profile papers and reports.
-
Keep abreast of changes within a range of diverse industry sectors and proactively identify opportunities to improve the risk profile within Meridian’s Business Banking portfolio.
Problem Solving
-
Apply sound credit adjudication based on knowledge and technical acumen, to reach resolution on differences in opinion, approach, policy interpretation with lenders and Credit Management staff.
-
Address daily technical problems on security documentation questions, systems issues & loan coding issues and errors.
-
Escalate more complex issues on unresolved matters to the Director and / or VP Business Credit.
-
Understand and keep track of market and regulatory changes and developments and incorporate into Member credit adjudication strategy.
Communication
- Regular communication with colleagues in Sales and Relationship Management to regularly share opportunities for improvement with respect to credit applications and due diligence.
- Foster a culture of shared, proactive risk management with Business Banking partners.
- Liaise with external parties (project monitors, lawyers, accountants, appraisers, etc.) on an “as-needed” basis.
- Be a Team Player amongst the credit department and key internal business partners, along with representing and promoting the Meridian brand and the Meridian For Good strategy.
Qualifications:
-
Minimum 10 years Commercial Credit adjudication experience in the financial services industry.
-
University Degree in Business, Finance, or related discipline, or an equivalent combination of education and experience
-
Multidimensional banking professional with a background in all aspects of the commercial credit and banking functions
-
Strong understanding of advanced business sectors (including leveraged finance & private equity, out & in-bound syndications, mortgage / leasing / bulk finance entities) and corporate structures (i.e. Partnerships, LLP, REITS, Trusts)
-
Prior experience in income property lending, land, development & construction and hospitality sectors is an asset
-
Familiarity with acceptable financing options and techniques (i.e. senior, mezzanine, subordinate debt, share and other equity offerings).
-
Working knowledge of commercial account operating procedures, cash management services and other banking products (i.e. credit cards, forex, fund transfers)
-
Sound understanding and ability to review commercial lending security and related documentation
-
Exposure to collection / work out techniques and remedies would be of benefit
-
Excellent written and verbal communication skills
-
Able to prioritize and plan workload to meet deadlines in a dynamic, fast-paced environment. Self-motivated.
-
Proficient PC skills with emphasis on i-lend and MS products including Word & Excel.
Salary Range: CAD $95,000 to $142,400 annually.
Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.
Office Location: 3330 Bloor Street West, Toronto OR 75 Corporate Park Drive, St. Catharines. This is a hybrid work opportunity.
Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires a minimum of one day per week in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is important to us.
What's in it for you?
-
We have an inclusive and collaborative working environment that encourages teamwork, creativity, curiosity, and celebrates success!
-
We provide you with the tools and technology needed to delight your candidates and clients!
-
You will get to work with and learn from diverse industry leaders and colleagues, who have hailed from top organizations.
-
Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues.
-
This is not your typical "corporate" job. We work hard and we have fun!
Build the Future of Banking with Us
At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:
-
Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
-
Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
-
Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
-
Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Who we are:
Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.
Find our story here: About Meridian
Experience the Difference!
Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.
Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.
Please note that due to the volume of applications, only those under consideration will be contacted for an interview.
Thank you for your interest in Meridian Credit Union.
Follow us on Twitter at
@MeridianCareers
Connect with us on LinkedIn
#LI-TJ1
#LI-HYBRID
Skills
Required
- Collaboration
- Critical thinking
- Customer Focus
- Decision Making
- Problem Solving
- Manages Competing Priorities
- Results Oriented
- Conflict Management
- Analytical
Behaviors
Required
- Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
- Dedicated: Devoted to a task or purpose with loyalty or integrity
- Enthusiastic: Shows intense and eager enjoyment and interest
About Meridian Credit Union
The Meridian Experience!
A different employment experience Are you looking for an employer who shares your passion and enthusiasm? Do you want a job where you know you’re making a difference, every day you come to work? Do you want a challenging career with an organization that gives back to the community and whose employees embrace corporate social responsibility?
Consider Meridian as a way you can grow your career with us. Where you’ll be involved in local decision making, work hands-on in finding solutions for our Members, where everyone works together to achieve our personal and financial goals.
We’ll provide an inspirational environment that’s open and collaborative that empowers you to reach your professional goals and excel in the work of fulfilling our vision.
You’ll have an opportunity to develop strong, enduring and independent working relationships where long-term partnerships with our Members is a reality. We are committed to creating a highly engaged workforce; we believe it’s critical to our success.
As a company that puts people first. Meridian has always paid close attention to the rising cost of living and factored this into employee wages, which is why we are incredibly proud to be Ontario’s largest certified living wage employer. We pay all our employees, regardless of role, a living wage as calculated by the Ontario Living Wage Network. We believe that fair compensation for our employees translates to improved financial and overall well-being.