Description:
The Director, Business Restructuring is responsible for maintaining the quality of the loan portfolio under their management and for maintaining strong business relationships with internal and external clients.
CHALLENGES TO BE MET
- Maintain and improve relationships with various professional networks, financial communities, suppliers and counterparts in other organizations in order to promote BDC’s business restructuring activities and remain abreast of legislative developments and emerging trends.
- Contribute to the profitability of BDC by minimizing losses and assessing risk arising from BDC’s Restructuring accounts, applying sound management practices. Working with the Assistant Vice President and Directors of Business Restructuring, identify the best course of action in order to provide BDC with the greatest potential for recovery.
- Examine and identify with the local Business Restructuring team the root causes for the underperformance of BDC’s borrowers and address critical operational and financial issues with all stakeholders. In conjunction with the local Business Restructuring team and other stakeholders, develop optimal restructuring strategies.
- Recommend or decline loans and disbursements, and authorize, recommend or decline amendments within established guidelines.
- Collaborate with members of Credit Risk Management, Business Centers, and Corporate Financing in order to identify potential problem accounts that may call for early intervention.
- Observe BDC policies, directives and procedures. Keep files up to date and ensure reported information is accurate.
What We Are Looking For
- Bachelor's degree in finance or business administration
- At least 10 years’ relevant experience in finance and commerce (professional or business services firms) or in business financing (financial institution)
- Professional designation an asset: CPA or CIRP
- Ability to quickly identify the business context and key issues
- Solid leadership and negotiation skills
- Good judgment in the area of credit and ability to spot problems and determine the best choices for a resolution plan
- Strong oral and written communication
- Attention to detail
- Ability to establish positive relationships with special interest groups and business partners
- In-depth knowledge of laws governing restructuring and insolvency
- Ability to work as part of a team