VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.4 billion in assets and growing. As Canadas most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBanks Common Shares trade on the Toronto Stock Exchange (TSX) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are currently looking to add an Assistant Vice President to our Real Estate Lending team. This is a full-time in office role located in London, Ontario.

As the Assistant Vice President, Real Estate Lending, you will be responsible to
provide account management oversight for new and existing lending relationships as well as the performance of those accounts. Your primary areas of focus will be marketing plan execution, account management, reporting, and credit preparation.

With strong analytical skills and strategic insights, this role will be a main contributor to the financial health and stability of the Bank.

Primary responsibilities include:

• Source, negotiate, prepare and recommend for approval financing for new and existing clients
• Ensure that new lending transactions that are delegated meet satisfactory underwriting standards by:
  • Negotiating and structuring new lending transactions
  • Ensuring compliance with corporate policies and procedures
  • Ensuring all credit and other risks are adequately identified in credit correspondence and credit structure mitigants are recommended; and,
  • Ensuring all terms and conditions of credit are complied with at the time of each loan advance
• Ensure assigned accounts are properly managed according to internal policies and procedures
• Ensure credit reviews are completed on a timely basis or the necessary approvals for extensions are obtained
• Ensure prescribed terms and conditions of credit have been respected
• Ensure aspects of increased risk are identified and communicated
• Ensure late payments and matured credits are followed up on a timely basis
• Ensure appropriate action plans are developed where conditions of deterioration of credit risk have been identified
• Ensure that watch list reports are completed on a timely basis where required
• Communicate to the appropriate levels all instances where potential for credit loss has been identified
• Provide mentoring and oversight to junior team members and delegate task as their skill levels warrant
• Make recommendations to policies and procedures where either market conditions warrant, or operational efficiencies can be realized without increasing business risk.

What we look for:

• Bachelors degree in business, Finance, Accounting or related field or equivalent work experience.
• Masters degree in business administration, Chartered Accountant Designation or FICB degree is preferred.
• 5+ years of work-related experience in marketing credit products and real estate lending.
• Multidimensional banking professional with a background in all aspects of the commercial credit function
• Previous experience in credit underwriting with a broad spectrum of clients
• Superior analytical and decision-making skills based on effective risk assessment/management.
• Strong verbal and written communication skills.
• Superior client service skills with the ability to build strong effective relationships with partners and stakeholders
• Proficient knowledge of standard office equipment including PC skills with emphasis using MS products including Word & Excel.

What we offer:

• A positive team-based work atmosphere that promotes collaboration.
• Competitive compensation package including base salary, an incentive award and pension
  supplement program.
• An outstanding benefit program.
• Tuition refund program.
• Fitness club membership.
  

Application Procedure:
If working for a 'non-traditional' bank with an entrepreneurial flair appeals to you, we encourage
you to apply. We thank you for taking the time to apply. Please be advised that only those
applicants selected for an interview will be contacted