[Hiring] Commercial and Agricultural Credit Underwriter @Assiniboine Credit Union

Role Description

Reporting to the Manager, Commercial & Agribusiness Credit Underwriting, the Commercial and Agribusiness Credit Underwriter is responsible for evaluating, analyzing, and underwriting commercial/agribusiness credit applications (accounts of $10 million and more) in alignment with the credit union’s lending policies, regulatory guidelines, and risk appetite. This role plays a vital part in supporting local businesses and ensuring the strength and sustainability of our commercial/ agribusiness loans portfolio across Manitoba.

This role supports Assiniboine Credit Union/ Caisse Assiniboine (ACU)’s commitment to rural and agricultural communities, francophone services, values-based banking and ACU’s triple bottom line accountability to people, planet, and prosperity.

• Review, assess, and underwrite commercial/ agribusiness credit applications, including new financing requests, renewals, and amendments, ensuring compliance with internal credit policies and regulatory standards.
• Analyze financial statements, business plans, cash flow forecasts, and credit reports to assess the financial health and creditworthiness of business applicants.
• Determine appropriate loan structures, security requirements, and risk ratings while identifying potential credit risks and recommending mitigation strategies.
• Prepare comprehensive credit submissions with clear, objective analysis and recommendations for approval within delegated lending limits or for presentation to higher authority levels.
• Collaborate closely with Commercial/ Agribusiness Account Managers to gather necessary information, provide financial insights, and support client relationship strategies.
• Establish credibility and build positive relationships with the Credit Solutions (adjudication) team.
• Monitor assigned commercial/ Agribusiness loan portfolios, reviewing financial reporting, covenant compliance, and early warning indicators of credit deterioration.
• Stay current on market trends, regional economic conditions, and regulatory changes impacting commercial lending in Manitoba.
• Maintain current and relevant knowledge of industry trends, accounting and regulatory practices, competitor products, and loan pricing.
• Mitigate risk through adherence to policy and procedure with an aim for accuracy and first-time right.
• Ensure all business activities are in compliance with sound business practices, legislation, policies and procedures, and internal controls.
• Responsible for compliance and risk management, through the execution of internal policies and procedures, maintain ongoing compliance with regulatory and legislative requirements at all times.
• Ensure that all Business Financial Centre/Community Financial Centre/Agribusiness Financial Centre programs, policies and process are implemented in a manner that supports ACU’s commitment to rural and agricultural communities, francophone services, values-based banking, respectful workplace and diversity, equity and inclusion.

Qualifications

• This position requires a diploma or degree in Business (Agribusiness), finance, accounting or a related field, plus a 5 years of lending experience within a financial institution with a focus on Commercial and/or Agriculture lending. An equivalent combination of education and experience would be considered.
• Completion of relevant courses in commercial lending, risk management, or financial analysis is considered an asset.
• Strong financial analysis skills, with the ability to interpret complex financial statements and cash flow projections.
• Solid understanding of lending structures, security registration, credit risk assessment, and commercial lending regulations.
• Excellent written and verbal communication skills, with the ability to convey complex financial concepts clearly and concisely.
• Proficiency in Microsoft Office applications (Excel, Word, Outlook) and financial analysis software.
• Familiarity with Manitoba’s business and economic landscape, including knowledge of key local industries.
• Analytical skills to notice and resolve errors, problems or numerical data inconsistencies.
• Exceptional attention to detail, organizational skills, and ability to manage multiple priorities within tight deadlines.
• Knowledge of credit union operating principles and cooperative values is an asset.
• Bilingualism, French and English, is considered an asset.

Requirements

• This is a Monday-Friday role and the hours of work are from 9 am till 4 pm, with the possibility to work remotely.

Benefits

• As a Certified B Corporation® and one of Manitoba’s Top Employers (2025), the culture of Assiniboine Credit Union is supportive of the individual while focused on the greater community.
• You’ll be motivated by shared values and encouraged to always think about how, through financial sustainability, we can do more for our members, our employees and our community.
• Choosing to work at Assiniboine Credit Union/ Caisse Assiniboine means that you’ll be working for an organization that puts people, planet and prosperity first.
• Values diversity and inclusion.
• Is focused on social and environmental responsibility.
• Supports employees through training programs and long-term career development.
• Offers a competitive total compensation program which includes bonuses, a matched pension program, and health and dental benefits.