Associate Director, Insurance Lending Credit
Associate Director, Insurance Lending Credit
Posted on :
31-05-2025
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1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Associate Director Insurance Lending Credit is responsible for leading and managing the Insurance Lending underwriting team within Equitable Banks Growth Businesses division. This position focuses on ensuring operational excellence credit quality and team effectiveness in delivering innovative lending solutions tailored to clients utilizing insurance as part of their financial strategy.
As a key leadership role this position oversees the insurance lending credit pipeline provides credit adjudication within delegated authority supports strategic business development initiatives and ensures compliance with all regulatory and internal credit policies. The Associate Director also acts as a liaison with external partnersincluding insurance advisors and brokersto drive business growth and foster enduring client relationships.
While the position does not involve direct sales responsibilities it plays a pivotal role in enabling origination success and maintaining strong relationships with key business partners to grow the insurance lending portfolio.
The Core Responsibilities!
- Lead manage and coach the insurance lending underwriting team to ensure high performance compliance and exceptional service delivery.
- Monitor and manage the insurance lending pipeline ensuring prudent credit decisions aligned with risk appetite and profitability goals.
- Provide training and mentorship to underwriters and managers to enhance expertise in insurance-based lending solutions.
- Supervise daily operations resource allocation and workload distribution across the team to ensure efficient timely execution.
- Oversee deal structuring and pricing strategies to meet client needs while protecting the Banks interests.
- Partner with sales and business development teams to support new insurance lending opportunities and maintain broker/advisor relationships.
- Maintain a disciplined approach to operational risk management and ensure adherence to internal controls and regulatory standards.
- Represent the business unit in meetings with Senior Management providing updates on performance market trends and strategic initiatives.
- Collaborate with internal teams (e.g. Risk Legal Funding Operations) and external stakeholders (e.g. insurance advisors brokers legal counsel) to support deal execution and product development.
- Maintain a strong understanding of life insurance policy structures and leverage this knowledge to evaluate loan suitability and creditworthiness.
- Develop and maintain underwriting procedures risk frameworks and business reports specific to the insurance lending portfolio.
- Support the continuous improvement of processes technologies and reporting tools to scale the insurance lending business.
Lets Talk About You!
- 5 years of commercial banking (commercial credit) experience
- Experience in insurance lending would be considered an asset
- 4 years in a leadership or team management role ideally within financial services or credit underwriting.
- In-depth knowledge of commercial credit and underwriting methodologies.
- Strong credit acumen with the ability to assess complex financial transactions and mitigate risk effectively.
- Proven ability to lead teams in a fast-paced high-volume environment.
- Exceptional communication relationship management and negotiation skills.
- Proficiency in Microsoft Office particularly Excel and Word.
- Post-secondary education in finance business or a related field.
- Sound knowledge of AML/ATF regulations and fraud risk in financial lending.
- Bilingualism in French is considered an asset.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Director
Employment Type
Full-Time
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