Senior Manager, Real Estate Credit

Scotiabank; Toronto; On-site; CAD 110,000 - 160,000; Full time

Benefits offered by this job

Performance bonus

Pension matching

Profit sharing

Generous vacation

Job summary

Scotiabank in Toronto is seeking a real estate credit professional to adjudicate submissions across construction, income properties and working capital facilities. You will liaise with real estate banking offices, review financials, assess risk, and present recommendations to senior committees.

The role requires strong communication, rigorous analysis, and a deep understanding of credit lines and regulatory impacts across Canada/US. A banking background and Excel skills are essential.

Qualifications

• Excellent verbal and written communication skills.
• Strong analytical and computer skills.
• Full understanding of financial statements and policies across Canada/US.
• Understanding of credit lines and their purposes.
• Ability to make sound decisions and support senior management recommendations.
• Keep up-to-date with new product lines.
• Awareness of market/regulatory frameworks impacting portfolio.

Responsibilities

• Review financial and industry information and perform risk assessment of credit applications.
• Adjudicate/authorize real estate loans within lending limits and prepare authorizations.
• Develop industry knowledge and ensure ongoing portfolio quality through reporting reviews.

Skills

Excellent communication

Financial statement analysis

Risk assessment

Credit decisioning

Excel proficiency

Strong analytical skills

Industry knowledge real estate

Prior banking experience

Education

MBA preferred

CFA / CA designation

Relevant credit/banking experience

Tools

Excel

Job description

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

The incumbent will review and, depending on the type and overall risk rating of the Borrower and real estate project in question, adjudicate credit submissions primarily focused on all asset classes of real estate including construction, Income Property Loans and working capital facilities included in both the Bank's Commercial and Corporate Loan Portfolios.

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

• Liaise and maintain strong working relationship with real estate banking offices. The portfolio’s primary focus is the real estate industry.
• Review pertinent financial and industry information and perform in depth risk assessment of incoming credit applications.
• Provide recommendations to senior executives and participate in discussions at Senior Credit Committees.
• Adjudicate/authorize real estate loans within assigned lending limit, including amendments to improve credit structure, as necessary.
• Review and, where appropriate, authorize loan documentation completed by banking offices and the preparation of authorizations to communicate the terms and conditions of the transaction.
• 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 applicable banking officers.

Skills

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

• Excellent verbal and written communication skills.
• Strong analytical and computer skills.
• Full understanding of financial statements, accounting principles and policies among Canada/U.S. jurisdictions.
• Full understanding of the various credit lines and their purposes.
• Ability to make sound decisions and appropriate recommendations to senior/executive management and effectively support those recommendations.
• -Ability to keep up-to-date with new product lines as they are introduced to the market place.
• Demonstrated ability to keep abreast of the various market/legal/accounting/regulatory systems affecting provinces/states which fall within their portfolio.
• Excellent time management skills, including ability to work well under pressure and constantly adjust priorities.
• MBA, CFA degree, C.A. designation and/or
• previous credit and/or banking experience
• Proficiency in Excel application is an asset.

What's in it for you?

• We are technology partners who help the business transform how our employees around the world work
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We care about our people, allowing them to design how they work to deliver amazing results
• We offer a competitive total rewards package, including a performance bonus, company matching programs (on pension & profit sharing), and generous vacation

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 their 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.