Company: Meridian Credit Union

Location: Etobicoke, ON

Expected salary:

Job date: Sat, 19 Apr 2025 04:06:16 GMT

Job description: Description :About this opportunityAt 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.The extension and diversification of our businesses is a key pillar on our Meridian For Good (MFG) Strategy and to achieving our long-term strategic vision and sustainable growth.Under the direction of Director, Risk Management and Corporate Development, the Sr. Analyst, Corporate Development will play a crucial role at Meridian, influencing, informing and driving our Corporate Development (M&A Transactions, Joint Ventures, Strategic Investments/Relationships, etc.) function and activities by working very closely with our Senior and Executive Leadership Teams. The Sr. Analyst will work to identify, analyze and evaluate various business opportunities to propose and recommend profitable growth opportunities from mergers and acquisitions (M&A), partnerships, joint ventures, and/or alternate growth strategies. The ultimate goal will be to inform a sustainable competitive advantage and drive the company’s growth trajectory. They will partner for execution of all diligence and transaction activities.The Sr. Analyst role partners to source financial data and competitive intelligence, supporting relationship building with key stakeholder and collaborates with internal and external stakeholder to execute high-impact growth strategies. Activities may include is not limited to:

• Identifying potential target companies that fit the strategic objectives of Meridian
• Conducting due diligence
• Ensuring successful integration

This role will collaborate closely with our executives and senior leaders including the Senior and Executive Leadership Teams to inform a cohesive, forward-looking business strategies and opportunities.Key ResponsibilitiesM&A, Strategic Partnerships and Business Expansion

• Identify, investigate, analyze and evaluate potential new business and acquisition opportunities across the banking, insurance, wealth management, leasing, financial technology and related sector that support Meridian’s strategy. This includes strategic partnership and alliances to expand Meridian’s product and service offerings to enhance Member value and revenue streams.
• Inform the strategic rationale for potential transactions and present recommendations to Executive Leadership.
• Drive and execute financial modelling, valuation analysis, risk assessment and due diligence for potential transactions and collaborate with cross-functional teams throughout.
• Develop and maintain productive relationships with internal executives and key stakeholders, with external company management teams, and with industry and professional networks that can assist in corporate development initiatives
• Develop business cases, proposals, recommendations for mergers and acquisitions (M&A), partnerships, joint ventures, and/or alternate growth strategies.
• Analyse, evaluate and assess financial implementations and risks of potential transactions.
• Partner to support development of M&A playbook.

Conduct Market and Competitive Analysis

• Investigate, explore and monitor competitive activity in the Credit Union and financial services.
• Identify and support key leaders in building and maintaining relationships with external stakeholders.
• Conduct market research quantitative and qualitative to identify opportunities for growth.

Influence

• Provide insights, guidance and counsel to key partners
• Work collaboratively with the rest of the organization and integrate seamlessly
• Act as a strategic thought leader (thinking ahead – mapping the future)
• Create opportunities that are rooted in actionable insights

Knowledge, Skills, and Abilities

• Excellent oral and written communication skills including executive and Board presentations
• Demonstrated ability to act to influence and interact with senior-level management
• Entrepreneurial minded, innovative mindset and business results-oriented
• Solid relationship building skills sufficient to build internal and external networks
• Strong analytical (quantitative and qualitative), financial acumen, problem solving, critical thinking, negotiating, influencing, and conflict resolution skills
• Track record of successfully completing end-to-end analysis to proposing and recommending M&A/joint ventures/growth initiatives and transactions in close collaboration with internal teams
• Ability to handle multiple projects simultaneously and work effectively in a fast-paced, deadline driven environment with rapidly changing priorities
• Ability to represent Meridian Credit Union professionally to outside business and/or Member contacts
• Self motivated and autonomous; able to prioritize and self manage

Education, Designations, Training, and Experience

• Bachelor’s degree in commerce or economics (or equivalent) is required; a Master’s degree in business and/or CFA preferred
• 5+ years of relevant experience, including three to five years in investment banking / corporate development / strategic transaction execution
• Experience in a financial advisory / consulting firm with a specific focus in the financial services sector would be an asset
• Prior financial services industry experience or knowledge (credit union, banking, insurance, wealth management, and financial technology)
• Strong financial modelling and M&A
• Project Management experience is an asset
• Understanding of the cooperative system and current Canadian landscape would be an asset

Competencies

• Strategic Thinking – Ability to develop and implement long-term strategies that align with Meridian’s goals and objectives. This includes understanding market trends, competitive landscape and regulatory environment
• Financial and Business Acumen – Understand financial drivers, interpret key metrics and make data-informed decisions that enhance and support business growth
• Member Obsessed – Personally demonstrating that our Members are our highest priority.
• Stakeholder Management & Executive Communication – Ability to synthesize complex information and present to executive teams.
• Collaboration Orientation – Works well with others, understand multiple perspectives and achieve shared goals through effective teamwork, partnership and open communication.
• Risk Management – Identifies, assesses and mitigates risk that could impact Meridian’s operations and financial stability.

Integrity – Doing the right thing by always acting with openness, honesty and respect. * Proactive – Seize the initiative by anticipating needs and identifying opportunities to provide a higher level of service.Office Location: 3330 Bloor Street West, Toronto OR 75 Corporate Park Drive, St. Catharines. This is a hybrid work opportunity.Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires a minimum of semi-monthly regular time in the office 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 teamwork, creativity, curiosity, and celebrates success!
• We provide you with the tools and technology needed to delight your candidates and clients!
• You will get to work with and learn from diverse industry leaders and colleagues, who have hailed from top organizations.
• Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues.
• This is not your typical “corporate” job. We work hard and we have fun!

Who we are:Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose – helping our members achieve their best life.Find our story here:Experience the Difference!Meridian 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 Credit Union.Follow us on Twitter at#LI-TJ1#LI-HYBRID