Analyst, Credit Analysis & Support Team - Commercial Automotive Finance

Scotiabank; Hamilton; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading financial institution is seeking an Analyst for the Credit Analysis & Support Team in Hamilton. This role involves crucial credit administration tasks to enhance the Commercial Automotive portfolio's health. Responsibilities include financial analysis, updating monitoring systems, and supporting the Annual Review process. Candidates should possess basic credit skills, problem-solving abilities, and proficiency in software like Excel and CreditLens. This position offers a competitive compensation package in a collaborative environment.

Benefits

Competitive compensation package

Career development opportunities

Commitment to community involvement

Qualifications

• Familiarity with writing up deals and assessing risk.
• Experience with financial modeling and drawing conclusions.
• Basic understanding of financial statements and analysis.

Responsibilities

• Contribute to credit administration tasks for the portfolio.
• Perform financial spreading and analysis.
• Monitor conditions and maintain portfolio monitoring systems.
• Support annual review process and credit correspondence.
• Ensure adherence to Anti-Money Laundering program.

Skills

Basic credit skills

Intermediate accounting and financial statement analysis

Solid problem-solving skills

Well organized and ability to multi-task

Interpersonal skills

Knowledge of commercial lending products

Tools

Word

Excel

Outlook

Task Manager

CreditLens

Job description

Title: Analyst, Credit Analysis & Support Team - Commercial Automotive Finance

Requisition ID: 244791
Two (2) positions available - incumbent(s) may report to either office (Anjou, QC or Hamilton, ON)

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Analyst, Credit Analysis & Support Team - Commercial Automotive Finance

The Analyst, Credit Analysis & Support Team is responsible for contributing to the profitable growth and quality of the Commercial Automotive portfolio by performing credit administration tasks to the highest standard of quality for their assigned portfolio. These tasks include financial spreading and analysis, rating activities, monitoring of required conditions, maintaining complete monitoring systems and other credit/or fulfillment activities.

The Analyst must have proven financial analysis and risk assessment techniques for analyzing financial statements / borrowing bases and assisting in structuring, as well as good credit judgement and a good knowledge of the Bank’s lending policies, practices, and procedures. The successful applicant will work on moderately complex financial solutions and will interact with internal partners by gathering information and responding to internal inquiries. The successful applicant must have strong organizational skills to monitor portfolio requirements, collect and assimilate large volumes of information from various sources and be able to concisely populate information and provide sound rationale in support of a credit application.

Is this role right for you? In this role, you will:

Process and Analyze Customer Reporting items (interim and annual) by:

• Maintaining a complete monitoring system (i.e. “Task Manager”) to ensure interim reporting is completed in a timely manner.
• Updating Task Manager and Scotia Dealer Link with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as annual review date, frequency etc.).
• Completing the spreading of interim financial statements in Moody’s Analytics CreditLens in an accurate and timely manner as per authorized frequency requirements.
• Performing trend analysis to monitor the health of client accounts and help determine client risk ratings.
• Identifying and action customer reporting items that are overdue, and following up with customer for overdue items that are between 0 and 60 days overdue; The objective is to minimize the number of items outstanding beyond 60 days which would otherwise need to be escalated.
• Supporting the offside conditions/material deterioration process by:
  • Escalating offside conditions, covenants, and material deterioration
  • Updating Task Manager to identify offside reporting conditions and removing flags when authorized.

Support the Annual Review process and preparation of credit correspondence by:

• Analyzing client files in Task Manager to determine annual review and rating refresh, and reporting items that are due.
• Preparing/completing spreads of annual financial statements, and projections in CreditLens.
• Ensuring client files are complete and up to date in Scotia Dealer Link and Task Manager, and that all relevant correspondence and authorizations related to the Annual Review process are properly stored in the Automotive Shared Document Repository (ASDR).
• Ensuring fees, pricing, IG and authorized limited changes are correctly processed/resolved as required.
• Systems (Task Manager and Scotia Dealer Link) updated as required to reflect the information outlined in the Credit Authorization.
• Support the completion of conditions precedent and ensure all required steps are completed prior to advancement/renewal of credits.
• Liaising with syndicate banks in gathering due diligence and information required to complete analysis and answer questions (if Scotiabank is agent).
• Providing other administrative support as required for credit /or fulfillment activities.

Ensuring adherence to the Bank’s Anti-Money Laundering program, Know Your Customer requirements, and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures.

Is this role right for you? We’d love to work with you if you have:

• Basic credit skills (familiarity with writing up deals, spreading financial statements, assessing risk, financial modeling and drawing conclusions)
• Intermediate accounting and financial statement analysis
• Solid problem-solving skills and solutions oriented.
• Well organized and ability to multi-task
• Interpersonal skills to effectively interface with peers and customers.
• Good knowledge of all commercial lending products
• Ability to use personal computer programs; Word, Excel & Outlook and relevant specialized software (examples: SDL, Task Manager, CreditLens, etc.)

What's in it for you?

• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• You can expect to be recognized and rewarded for high-performance. You’ll be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.
• You’ll receive clear, transparent criteria to progress in your career.

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and our communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.