At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.
Who we are!
Meridian OneCap Credit Corp is an equipment and finance company providing a broad range of financial services to businesses throughout Canada. Our parent, Meridian Credit Union, has over 70 years of banking history and is Ontario’s largest credit union.
Meridian OneCap is a provider of asset financing in the form of capital leases. We are committed to being the best provider of specialized equipment financing services to strategic vendors across Canada. Our service-oriented culture and exceptional group of professionals serves to provide our strategic partners with value-added service and constructive solutions.
Meridian OneCap Credit Corp provides customized leasing solutions both to help companies sell equipment and to companies that have chosen to lease equipment, rather than buy. For manufacturers and vendors, we enable you to provide your customers with a value-added service that helps your customers acquire equipment efficiently and gives your company a competitive edge. And for the end user, we can help you to preserve working capital in your business, while benefiting now from the use of the equipment.
Our team is known as industry leaders. We’ve earned our reputation through consistent delivery of financing programs with the most efficient transaction process and superior customer service. With the largest direct sales force within the Canadian market, it’s no wonder our customer service is unparalleled.
About Meridian OneCap
Your role as a Senior Credit Specialist:
Credit Program Onboarding & Business Support
- Supports Business Development efforts for new programs, products, and complex transactions by leading the credit onboarding process, providing expertise, and ensuring appropriate credit documentation, approval structures, controls, and processes are in place for the equipment finance transaction lifecycle. As part of onboarding, coordinates activities and approvals from Legal, Credit, Finance, Sales, and Operations and creates workflows and implementation plans as required.
- Accountable for ensuring credit onboarding requirements are aligned with MOCC policies and applicable regulations for the provincial jurisdictions in which MOCC operates.
- Plays an integral role in the credit document control process, including maintaining an updated inventory of standard credit forms, working with Legal and Risk on updates, and ensuring transactional credit documents use approved forms.
- Works with Risk and internal or external legal counsel to finalize credit-related agreements, transactional documents, templates, and approval conditions.
- Supports vendor, broker, and syndication partner onboarding by coordinating credit requirements, recommendations to credit officers with authority and communication between Sales and Credit as needed.
Credit Operations Excellence
- Partners with other teams to assess, analyze, and document business needs, recommending solutions that improve credit processes and support organizational goals.
- Supports transformation initiatives by identifying operational inefficiencies, analyzing credit workflows, and recommending data-driven solutions.
- Conducts end-to-end analysis of credit operations workflows to identify inefficiencies, control gaps, and improvement opportunities.
- Collaborates with cross-functional teams to define and document current-state and future-state credit processes, decision points, hand-offs, and service expectations.
- Supports the strategic vision of the company by promoting and enabling change management efforts within Credit Operations.
- Acts as a Subject Matter Expert for assigned credit processes and system initiatives
- Translates credit business needs, policy requirements, and process controls into functional specifications for Technology and project teams (decision engine, new proposed customer service portal).
- Assists in the system enhancement process by developing and completing UAT scripts, coordinating testing, documenting defects, creating training materials, and supporting successful implementation.
- Maintains and develops reference guides, procedures, training materials, and other tools required to ensure consistency and effective rollout of credit initiatives, system enhancements, products, and programs.
- Responsible for maintaining and updating Credit Operations policies, procedures, workflow documentation, and change records in collaboration with Risk, Compliance, Legal, Finance, and Operations.
- Assists in managing regulatory, policy, and technology changes and their implications for Credit Operations.
- In coordination with Collections, Risk, and Sales teams, prepares Vendor, Broker, and Syndication partner status reporting for the Director of Credit Operations and MOCC Credit Management Committee.
Credit Decision Engine Support
- Translates approved credit policy, risk appetite, adjudication criteria, and business needs into documented functional requirements and decision rules.
- Coordinates UAT activities for new decision rules, scorecards, thresholds, and credit system enhancements, and supports configuration, validation, and implementation following approved testing and sign-off.
Credit Risk Management
- Evaluates credit processes and documentation considering risk management, compliance, and control implications and engages enterprise risk and operational risk owners as appropriate.
- Evaluates and tests new products, programs, decision rules, and changes before implementation to ensure key deliverables will be achieved and appropriate controls, approvals, and evidence are in place.
- Supports monitoring and reporting of credit process exceptions, overrides, control gaps, and remediation actions.
- In coordination with Collections, Risk, and Sales teams, prepares Vendor, Broker, and Syndication partner status reporting for the Director of Credit Operations and MOCC Credit Management Committee.
- Monitors automated decision outcomes, manual referral volumes, exceptions, overrides, and rule performance; prepares analysis for management review.
- Maintains decision engine rulebooks, test scripts, change logs, approvals, process guides, and supporting governance documentation.
- Coordinates with IT and external vendors to resolve defects, clarify requirements, and implement approved enhancements
What you can bring to this Role:
- Minimum 5 years of experience in Commercial Credit underwriting in an equipment finance environment, combined with relevant post-secondary education with an emphasis on business and finance.
- The individual must have experience in underwriting mid credit requests in segmented industries including construction, transportation, materials handling, other.
- The individual must be able to review, assess, analyze and spread financial statements and exhibit an ability to identify financial risks and make and/or provide sound and timely credit decisions/recommendations.
- The individual must have superior risk assessment skills and a strong understanding of commercial business structures and a sound knowledge of the equipment finance industry.
- Sound understanding of retail commercial lending security documentation, including collection / work out techniques and remedies.
- Superior credit skills.
- Working knowledge of commercial credit, lease/loan and inventory/floorplan finance products within the framework of the Personal Property Security Act (PPSA) and Quebec Civil Code.
- Thorough knowledge of commercial account operating procedures and banking services.
- Ability to and experience in assessing commercial and consumer credit bureaus, PPSA search results and name verification records.
- Must be able to work in a team and/or independently.
- Demonstrates being highly organized, analytical and logical.
- Requires experience in spreading financial statements in Moody’s MFA (CreditLens) and utilizing TValue.
- Computer literacy required, e.g. MS Office, Spreadsheet, Outlook, etc.
- Experience in floorplan financing including a thorough knowledge and understanding of required documentation in support of dealer wholesale floorplan business risk considered an asset
- Must possess effective communication skills, both written and oral in the administration of credit, complex lease/loan documentation (e.g. security agreements) and security provision requirements.
- Bilingual in French and English is an asset.
- Comfort learning and adopting new digital tools, with an openness to using AI‑enabled technology to enhance productivity, accuracy, and the Member experience
This role represents an existing vacancy. Internal candidates are being considered as part of our standard process.
Salary Range: CAD $68,800-103,000
Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.
Office Location: Toronto or Montreal Corporate Offices. This is a hybrid opportunity.
Meridian OneCap has a remote work policy that allows flexibility for employees to work remotely but also requires our employees to attend the office minimum one day per week. The intention is for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is important to us.
What's in it for you?
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
- We provide you with the tools and technology needed to delight your candidates and clients!
- You'll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
- This isn't your typical "corporate" job. We work hard and we have fun!
At Meridian OneCap, we’re not just adapting to the future - we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:
- Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
- Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
- Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
- Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Our Commitment to You
Meridian OneCap is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.
Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.
Please note that due to the volume of applications, only those under consideration will be contacted for an interview.
Thank you for your interest in Meridian OneCap.
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