Credit Analyst – Commercial Lending

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Location: London, ON

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $2.6 billion in assets and growing. As Canada’s most innovative Bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. For more information on VersaBank, please visit our website at

We are currently recruiting for a Full-Time Credit Analyst to join our Commercial Real Estate Lending team in London, Ontario.

The Credit Analyst plays an important role within the Commercial Real Estate Lending Team by providing underwriting support to our experienced origination team. You will also assist with the ongoing account monitoring of commercial real estate loans. This is an excellent opportunity for anyone with a passion for Commercial Real Estate.

Responsibilities include:

•Working alongside the origination team in completing credit reviews and/or amendments on a timely basis while ensuring all terms and conditions of the credit agreement have been met and any increased risk identified and addressed
•Gather and analyze third-party reports including financial statements, appraisals, environmental reports, rent rolls and other credit information
•Stay up-to-date on current events impacting the commercial real estate market throughout Canada
•Ensure compliance with Bank policies and procedures

The Ideal candidate:

•You have completed an undergraduate degree in business, finance, economics, urban land development, real estate, accounting or business administration
•Experience with an internship or analyst position within commercial real estate capital markets and/or lending at a major financial institution or commercial mortgage brokerage firm
•You are a hard worker, self-motivated and results oriented.
•You enjoy working in a fast-paced commercial real estate lending team
•You are client-focused, entrepreneurial and have the ability and desire to provide solutions to Bank clients
•You are a quick learner with a high level of computer proficiency

We offer excellent career advancement opportunities, an informal, positive work environment and a very competitive compensation package that includes base salary, an outstanding benefits package, tuition refund program, fitness club membership and participation in an attractive incentive award program.

If working for a ‘non-traditional’ bank with an entrepreneurial flair and its head office in London appeals to you, we encourage you to apply. Please forward your resume in confidence to [email protected] We thank you for taking the time to submit an application. Please be advised that only those applicants selected for an interview will be contacted.