Commercial Analyst

Envision Financial; Kamloops; On-site; CAD 50,000 - 65,000; Full time

Job summary

A financial service provider in Canada is looking for a Commercial Analyst. This trainee role provides support to the commercial sales team and involves financial analysis, underwriting support, and risk management. Ideal candidates will have relevant qualifications and experience in sales and financial analysis. This position is a stepping stone to future roles in commercial sales or lending, offering valuable experience in the finance sector.

Qualifications

• 2+ years of sales and financial analysis experience or equivalent.
• Knowledge of lending policies, procedures, products, and services preferred.
• Strong skills in financial statement analysis and credit risk management.

Responsibilities

• Provides administrative and analytical support to the commercial sales team.
• Completes analysis of financial statements and industry data.
• Conducts annual reviews of commercial accounts.

Skills

Financial analysis

Sales skills

Customer service

Education

College, Trade, or Tech School Diploma (2 years)

Bachelor’s Degree in a related discipline

Tools

Microsoft Excel

Microsoft Word

Job description

We are currently seeking a Commercial Analyst to join our team.

The Commercial Analyst is a trainee role for future commercial sales / lending roles. Incumbents in this role do not have an option to remain long-term. Typically, an incumbent will spend approximately two (2) years in this role, after which they will move into an available commercial sales / lending role once the required skills and experience are achieved.

Responsibilities include:

• Provides administrative and analytical support to the commercial sales team.
• Performs tasks supporting the underwriting process for new credit applications.
• Conducts annual reviews on commercial accounts.
• Analyzes financial statements and industry data.
• Deals directly with commercial members once sufficient skill and experience are gained.

Typical daily activities include:

• Financial Analysis: Completes analysis of financial statements, researches industry reports, and analyzes market data related to credit applications.
• Loan Review / Security: Reviews credit offers and security information for completeness and accuracy; reviews delinquency reports and coordinates with credit services for resolution.
• Loans Origination Process: Completes paperwork for credit applications, ensures documentation accuracy, and manages loan disbursement processes.
• Risk Management: Conducts annual reviews of accounts and ensures compliance with terms and conditions, including site visits when necessary.
• Sales and Service: Identifies cross-selling opportunities, addresses member concerns, maintains relationships within the branch and community, and participates in community initiatives and campaigns.

Required Skills, Experience & Qualifications:

• College, Trade, or Tech School Diploma (2 years) in a related field is required.
• Bachelor’s Degree in a related discipline is preferred.
• At least 2 years of sales and financial analysis experience or equivalent.
• Knowledge of lending policies, procedures, products, and services is preferred.
• Familiarity with legislation affecting commercial credit is preferred.
• Strong skills in financial statement analysis and credit risk management.
• Ability to manage change and pursue continuous improvement.
• Strong work ethic and resourcefulness.
• Proficiency in Microsoft Office, especially Excel and Word.
• Understanding of risk management and adherence to policies and procedures.