Sharons Credit Union
Sharons Credit Union is seeking a dedicated and bilingual Small Business Advisor to join our team. The ideal candidate will possess a strong understanding of small business lending practices, excellent communication skills in both English and Korean, and a passion for assisting entrepreneurs in achieving their financial goals. As a Small Business Advisor, you will play a pivotal role in providing financial guidance, managing relationships, and supporting the growth of small businesses within our community.
Key Responsibilities:
1. Client Engagement: - Interact with small business owners to understand their financing needs, provide personalized financial advice, and recommend suitable products and services. - Build and maintain strong relationships with clients through regular communication and proactive outreach efforts. - Act as a trusted advisor and advocate for small business members, assisting them in navigating financial challenges and opportunities.
2. Financial Analysis: - Assess the financial health and creditworthiness of small businesses by analyzing financial statements, cash flow projections, and other relevant documents. - Identify financing solutions tailored to the unique needs and objectives of each business, ensuring alignment with credit union policies and regulatory requirements.
3. Loan Structuring: - Structure loan transactions that meet the financing requirements of small businesses, considering factors such as cash flow, collateral, and risk mitigation strategies. - Collaborate with underwriters and credit analysts to develop comprehensive loan proposals and present recommendations for approval.
4. Risk Assessment: - Evaluate the risk associated with each loan application, considering factors such as security, management expertise, industry trends, and economic conditions. - Implement risk management strategies to mitigate potential credit risks and enhance the overall quality of the loan portfolio.
5. Documentation and Compliance: - Prepare and review loan documentation to ensure accuracy, completeness, and compliance with credit union policies and regulatory guidelines. - Stay informed about changes in lending regulations and industry best practices, ensuring adherence to relevant compliance requirements.
6. Relationship Management: - Cultivate strong relationships with small business clients, providing ongoing support, guidance, and assistance throughout the loan process and beyond. - Act as a liaison between clients and internal stakeholders, facilitating communication and collaboration to meet client needs effectively
Additional Duties:
7. Community Engagement: - Represent Sharons Credit Union in local business networking events, industry associations, and community outreach activities to promote brand awareness and foster strategic partnerships. - Participate in educational workshops and seminars to enhance knowledge of small business trends, market developments, and financial management strategies.
Qualifications:
- Bachelor's degree in Business Administration, Finance, or related field.
- Minimum of 3 years of experience in small business lending or financial advisory role.
- Fluent in both English and Korean languages.
- Strong understanding of financial analysis, credit risk assessment, and loan structuring principles.
- Excellent communication, interpersonal, and relationship-building skills.
- Detail-oriented, organized, and able to manage multiple priorities effectively.
Compensation:
Subject to negotiation, aligned with the candidate’s expertise and credentials, alongside other benefits.
If you are a results-driven individual with a passion for assisting small businesses and bilingual proficiency in
English and Korean, we invite you to apply for the Small Business Advisor position at Sharons Credit Union.
Join us in making a positive impact on the success and prosperity of our local business community. Apply now
to be considered for this exciting opportunity
Sharons Credit Union is seeking a skilled and experienced Retail/Small Business Credit Adjudicator to join our lending team. The successful candidate will play a key role in assessing credit applications, managing risk, and ensuring compliance with regulatory guidelines. If you have a strong background in credit analysis and a passion for helping individuals and small businesses achieve their financial goals, we encourage you to apply.
Key Responsibilities:
1. Credit Assessment: - Evaluate credit applications for retail and small business loans, assessing factors such as income, employment stability, credit history, and DSC ratios. - Conduct thorough financial analysis to determine the creditworthiness of applicants and the suitability of loan structures.
2. Risk Evaluation: - Assess the level of risk associated with each loan application, considering factors such as collateral, borrower profile, and economic conditions. - Determine appropriate risk tolerance levels in accordance with credit union policies and procedures.
3. Policy Adherence: - Ensure compliance with internal credit policies and external regulatory requirements, including AML/ATF, KYC, and third-party due diligence. - Review and interpret credit union guidelines to make informed lending decisions and mitigate risk exposure.
4. Decision Making: - Make sound credit decisions based on the assessment of risk and creditworthiness, including approving, declining, or recommending modifications to loan applications. - Provide clear and concise explanations for credit decisions and communicate with applicants to guide them through the process.
5. Documentation: - Maintain accurate and detailed records of credit assessments, including decision rationale and supporting documentation. - Prepare and review loan documents to ensure completeness and accuracy, in accordance with credit union standards and regulatory requirements.
6. Credit Coaching: - Provide guidance and support to branch lenders and other stakeholders on credit-related matters, including loan structuring, risk assessment, and compliance requirements. - Conduct training sessions and workshops to enhance the lending skills and knowledge of staff members.
7. Continuous Improvement: - Stay informed about industry trends, regulatory changes, and best practices in credit adjudication. - Actively participate in training and development opportunities to enhance skills and knowledge, and contribute to process improvement initiatives.
Additional Duties:
8. Collaboration: - Collaborate with other departments, including mandatory reporting, underwriting, collections, and legal, to streamline loan processing and resolve credit-related issues. - Work closely with internal and external auditors to ensure compliance with audit requirements and address any findings or recommendations.
Qualifications:
- Bachelor's degree in Finance, Business Administration, or related field.
- Minimum of 3 years of experience in credit analysis or retail/small business lending.
- Strong knowledge of credit principles, underwriting guidelines, and regulatory requirements.
- Excellent analytical, decision-making, and problem-solving skills.
- Effective communication and interpersonal skills, with the ability to interact with a diverse range of stakeholders.
- Detail-oriented and organized, with the ability to manage multiple tasks and prioritize workload effectively.
- Bi-lingual English and Korean
Compensation:
Subject to negotiation, aligned with the candidate’s expertise and credentials, alongside other benefits.
If you are a motivated professional with a passion for credit analysis and a commitment to excellence, we
invite you to join our team at Sharons Credit Union. Apply now to be considered for this rewarding
opportunity
Sharons Credit Union is seeking a skilled and well organized Member Service Representative. The successful candidate will have professional member service skills, excellent communication skills in both English and Korean, and a passion for assisting business and personal members in achieving our financial goals.
Key Responsibilities:
• Processes financial transactions such as deposits, withdrawals, loan and utility payments, foreign current exchange and cheque cashing, using banking systems and cash- dispensing machines.
• Recognizes member needs and promotes and cross-sells credit union deposit products and service to members by explaining and referring more complex requests for information and assistance to senior staff.
• Processes account opening, maintenance and other administrative tasks.
• Receives and refers incoming calls and emails to individual staff members and departments.
• Greets visitors, responds to enquiries on basic credit union products and services, identifies additional information needs and directs members to appropriate areas of the branch for further assistance, books appointments.
• Produces routine documents including letters, standard branch documents and basic reports, as per policy and procedures, and operations manuals.
Qualifications:
• Bilingual: Fluency in both Korean and English
• Outstanding customer service skills
• Excellent written and verbal communication skills
• Time management, attention to detail, and good organizational skills
• Ability to use MS-Officer suites
• Demonstrated ability to use both a calculator and a computer
Compensation:
• BC Minimum wage + $, alongside other benefits such as pension plan, extended health care etc.