Credit Analyst, TD Auto Finance

White Spot; Canada; On-site; CAD 65,000 - 99,000; Full time

Job summary

Join TD Auto Finance as a Credit Analyst (Dealer Credit Monitoring Analyst) in Toronto, Ontario. This pivotal role entails monitoring credit risk and collaborating with both clients and various teams, providing a strong foundation for further career growth in automotive banking. With responsibilities ranging from client relationship management to detailed financial analysis, this position is vital in assisting TD to redefine the automotive banking landscape.

Benefits

Career development programs

Competitive benefits plan

Mentoring programs

Training and onboarding sessions

Qualifications

• Prior commercial credit experience or wholesale floor plan finance experience in the automotive industry.
• Strong relationship, verbal, and written communication skills.
• Proven ability to work independently in a fast-paced environment.

Responsibilities

• Monitor credit risk within the portfolio for commercial clients.
• Conduct monthly financial statement and covenant analysis.
• Liaise with TDAF Commercial Credit and Sales teams.

Skills

Financial analysis

Portfolio management

Customer service

Communication

Organizational skills

Education

Degree in accounting or finance

Tools

CARMA

Job description

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Credit Management

Pay Details:
$65,600 - $98,400 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Department Overview

TD Auto Finance (TDAF), a dynamic division within TD Business Banking, offers an exciting opportunity to join a rapidly growing business that is transforming the automotive banking landscape in Canada. With Automotive Banking Centres strategically located in Toronto, Calgary, and Montreal, our team is led by regional Market Leaders and dedicated to delivering comprehensive financing and cash management solutions to clients in the automotive dealership industry.

The TDAF Commercial team is comprised of three core pillars: Commercial Sales, Commercial Credit, and Commercial Operations . Together, these pillars deliver end-to-end solutions that address the unique needs of auto dealers across the country. Credit exposure within the portfolio spans real estate and acquisition financing, operating credit, floor plan financing, lease lines, and equipment financing.

At the heart of TDAF's success is the Commercial Operations team, which is composed of banking and automotive industry experts. This team provides critical servicing, auditing, credit monitoring, and operational support to all clients nationally, ensuring a seamless experience for dealers across Canada.

TDAF has a bold vision to become Canada's #1 auto lender and joining the TDAF team means becoming part of a forward thinking, high performing team that is redefining the automotive banking and setting new standards of excellence in Canada's automotive industry.

Job Description

Reporting directly to the Senior Manager Dealer Credit Monitoring, the Credit Analyst (known internally as Dealer Credit Monitoring Analyst) will be a key resource in our Dealer Credit Monitoring team within Commercial Operations group. The role offers a strong foundation for career progression within TD Auto Finance, with a clear path to transitioning into Commercial Credit Analyst role where you would gain the opportunity to work on a diverse range of deal sizes, from ~$15mm for smaller single location dealerships to over $250mm for large multi-store groups.

The Dealer Credit Monitoring Analyst will be fully responsible for monitoring the credit risk within the portfolio. The position works closely with a team of automotive & banking specialists to support a portfolio of with a focus on assessing and managing the overall health of the portfolio. Tasks include:

• Dealer Credit Monitoring Analyst will manage a portfolio of 60-80 commercial clients and supports various relationship management teams nationally.
• Accountable for all aspects of ongoing and daily monitoring & control to ensure proper credit risk exposure, including accuracy of loan position and sufficient availability to facilitate funding requests. Ongoing monitoring and control activities include monthly financial statement & covenant analysis of the portfolio, daily overline / excess management, and utilization of various credit monitoring reports to ensure the risk is within credit tolerances.
• Ensure timely receipt of financial statement and diligent analysis including identification of emerging and notable risk events promptly.
• Escalate concerns/issues to management as necessary, including but not limited to unsatisfactory audits, poor financial performance metrics, and inventory issues. Provide comments as necessary for actions to be taken to resolve/mitigate the concern.
• Liaise with TDAF Commercial Credit and Commercial Sales teams to provide them with ongoing updates and escalate any issues within the assigned portfolio of clients.
• Build and maintain productive relationships with designated portfolio of clients, inventory auditing teams, relationship & account managers and the broader TDAF team.
• Support clients by providing a high level of customer service through direct interaction and administrative support providing solutions & problem resolution to assist them in meeting their objectives
• Provide assistance to other departments as required including Commercial Operations and Commercial Credit.

Education & Experience

• Prior commercial credit experience or wholesale floor plan finance experience in the automotive industry
• Education in accounting / finance key to success in this position
• Understanding of general Accounting Statements (Balance Sheet, Income Statement) and key financial ratios
• Strong financial analysis and portfolio management skills
• Strong relationship, organizational, verbal and written communication skills
• Proven ability to work independently in a fast-paced environment with strong priority-setting skills.
• Strong customer service orientation
• Proficiency in CARMA a definite asset

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):
Sans Objet