Senior Manager, Corporate Credit - Energy

Scotiabank; Toronto; On-site; CAD 70,000 - 80,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Credit Analyst to perform credit analysis and manage a portfolio of accounts. The successful candidate will work collaboratively with banking partners to ensure efficient credit adjudication and conduct detailed risk assessments. A post-secondary degree in Business and strong analytical skills are essential. This role offers a competitive compensation package and opportunities for professional development.

Benefits

Competitive compensation and benefits package

Professional development opportunities

Collaborative working environment

Qualifications

• Post-Secondary degree in Business or related field.
• Strong analytical ability to assess financial statements.
• Knowledge of credit risk policies and previous credit risk experience.

Responsibilities

• Perform credit analysis and risk assessment on credit applications.
• Collaborate with banking partners for effective adjudication.
• Prepare annual industry reviews and reports for executives.

Skills

Strong written and verbal communication skills

Proven time management and organization skills

Self-motivated, results focused, team player

Understanding of financial statements

Excellent computer skills (Excel, Word, PowerPoint)

Education

Post-Secondary Degree in Business or related

MBA, CFA or CPA designation

Tools

Excel

Word

PowerPoint

Job description

Requisition ID: 240448

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

Perform credit analysis and adjudicate on a portfolio of accounts through the review of pertinent financial and industry information and perform in depth risk assessment on incoming credit applications.

Collaboration with Banking partners to ensure key risks are identified and addressed appropriately through the credit adjudication process, including with other stakeholders to achieve optimal effectiveness and efficiency in meeting client needs as well as operational and regulatory requirements.

Ensure prompt and timely adjudication of credit applications and ensure that all relevant information needed to make an informed credit recommendation has been presented.

Provide recommendations to senior executives, present and participate in discussions with senior management and at Senior Credit Committee.

Ensure appropriate analysis, use of models and assignment of Borrower and Guarantor risk ratings in compliance with Bank guidelines and policy.

• Prepare annual industry reviews, other Energy reporting, and adhoc reports for executives/stakeholders noting the volatility in the oil and gas markets. Use analytics to assess the portfolio, and underlying trends.

• Develop a high degree of industry knowledge/expertise and ensure the ongoing quality of the credit portfolio through the review of industry publications, the assessment of monthly/quarterly financial reporting packages, and discussions with the applicable corporate banking officers.
• Alert credit portfolio managers to unsatisfactory trends, early identification of problem loans and ensure accuracy of risk ratings through identification of changes in account quality (via review of industry/economic trends, Early Warning reports, and general news flow). Assess strategies and restructuring proposals for problem loan accounts or accounts of concern which require closer monitoring.
• Use of data analytics to monitor and assess the portfolio, underlying trends, and application in credit adjudication.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Post-Secondary Degree in Business or related. MBA, CFA or CPA designation is an asset.
• Self-motivated, results focused, team player with strong learning ability.
• Strong written and verbal communication skills.
• Proven time management and organization skills to manage multiple priorities in a fast-paced environment.
• Knowledge of credit risk policies, products and processes is an asset.
• Previous credit risk experience is an asset.
• Understanding of financial statements and cash flow analysis with strong analytical ability.
• Excellent computer skills (Excel, Word, Power Point)

What's in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

*This position is located Downtown Toronto

*Please note that we will consider and may hire candidates at the Manager level depending on skills and experience.

Location(s): Canada : Ontario : Toronto