Associate, Underwriting & Credit Review

Sumitomo Mitsui Financial Group Inc.; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A global financial institution is seeking an Associate for Underwriting & Credit Review. This role involves performing credit analyses, preparing applications, and evaluating potential financial risks. The ideal candidate has over 5 years in corporate banking, proficiency in financial tools, and strong analytical skills. This full-time position offers a hybrid work environment in Toronto, Ontario.

Qualifications

• At least 5 years in corporate banking; 2-3 years in credit risk analysis.
• Experience in credit applications and financial statement analysis.
• Ability to conduct cash flow assessment.

Responsibilities

• Prepare accurate credit applications and conduct credit reviews.
• Analyze financial statements and assess risks.
• Generate reports on borrowers and coordinate with account managers.

Skills

Interpersonal skills

Organizational skills

Communication skills

Attention to detail

Ability to multitask

Education

Bachelor’s in Business, Economics, Finance, or Commerce

MBA preferred

Professional certifications like FRM or CFA

Tools

GBR

Loan IQ

Microsoft Office

DebtDomain

S&P Cap IQ

Bloomberg

Job description

Join to apply for the Associate, Underwriting & Credit Review role at SMBC Group

Overview

This position involves performing credit reviews and processing applications for customers. Responsibilities include preparing credit applications, conducting credit reviews, and assigning credit grades. The role requires thorough and accurate analysis of the creditworthiness of the bank’s customers and the overall credit portfolio.

Key Accountabilities

1. Prepare timely and accurate credit applications for annual reviews, renewals, and ad hoc monitoring, including financial modeling and stress testing.
2. Analyze financial statements of borrowers, industry trends, and economic conditions; assess risks.
3. Investigate and evaluate risks associated with the bank’s investments, adhering to credit policies, banking regulations, and best practices.
4. Generate reports on borrowers and credit exposure for management.
5. Monitor credit events and financial releases; coordinate with relationship managers on borrower requirements.
6. Respond to credit department requests by assessing changes in borrower conditions.
7. Protect the bank’s credit position and quality.
8. Coordinate with account managers or customers regarding financial reports and requirements.
9. Prepare special reports on industry and borrower research as needed.
10. Analyze the credit portfolio, including risk concentration and performance trends.
11. Conduct stress testing and sensitivity analyses on the portfolio.
12. Assist in credit portfolio reporting and monitor key risk indicators.
13. Support compliance with regulatory requirements and enhance documentation frameworks.
14. Handle ad hoc risk reporting requests and stay informed about industry and regulatory developments.
15. Assist in special projects and ensure compliance with all policies and regulations.

Interpersonal / Communications

Internal: Communicate with various bank departments, especially the Corporate Banking team.

External: Interact with customers to obtain financial data.

Job Specifications

Knowledge: Bachelor’s in Business, Economics, Finance, or Commerce; MBA preferred. Professional certifications like FRM or CFA are assets.

Experience: At least 5 years in corporate banking, with 2-3 years in credit risk analysis. Experience in credit applications, financial statement analysis, and cash flow assessment is required.

Skills: Excellent interpersonal, organizational, and communication skills. Attention to detail, multitasking, and ability to work under pressure are essential.

Proficiency in GBR, Loan IQ, Microsoft Office, DebtDomain, S&P Cap IQ, Bloomberg.

Working Conditions

• Time pressure and deadlines: Significant
• Stress of multiple demands: Significant
• Attention to detail: Significant
• Environment: Open office / Hybrid work
• Availability for evening and weekend on-call schedules as needed

About SMBC

SMBC Group is a leading global financial institution headquartered in Tokyo, offering a wide range of financial services worldwide. With extensive global presence, SMBC is part of SMFG, one of Japan’s largest banking groups. The group provides banking, leasing, securities, and other financial services, supporting clients across various markets. Reasonable accommodations are provided for employees with disabilities. For accommodations, contact [e-mail]. SMBC is an equal opportunity employer.

Seniority level: Associate

Employment type: Full-time

Job function: Finance and Sales

Industries: Banking, Financial Services, IT Services and Consulting