We are banking at another level.
Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.
Choosing BDC as your employer also means:
Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few
In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1
A hybrid work model that truly balances work and personal life
Opportunities for learning, training and development, and much more...
Explore the BDC Way in our Culture Book
POSITION OVERVIEW
The Director, Business Restructuring is responsible for maintaining the quality of the loan portfolio under his/her 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 Centres, and Corporate Financing in order to identify potential problem accounts (above $3M and risk ratings of 5.5 and 6) that may call for early intervention.
Observe BDC policies, directives and procedures. Keep files he/she manages up to date and ensure reported information is accurate.
WHAT WE ARE LOOKING FOR
Bachelor's degree in finance or business administration
At least 15 years’ relevant experience in finance and commerce (professional or business services firms) or in business financing (financial institution)
Professional designation an asset: CPA, CA; CPA, CGA; CPA, CMA; 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
Good 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
Bilingualism may be required, depending on the job location
Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at [email protected].
While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.
