Senior Underwriter

Northpoint Commercial Finance; Burlington; On-site; CAD 70,000 - 90,000; Full time

Job summary

A reputable finance company in Burlington, ON is looking for a Sr. Commercial Credit Underwriter/Analyst to join its Underwriting team. This role involves preparing credit narratives, performing cash flow analyses, and managing credit files effectively. Ideal candidates should possess a Bachelor's degree and over 5 years of experience in commercial lending or underwriting. Strong analytical and communication skills are essential for success in this fast-paced environment with attention to detail and the ability to work independently.

Qualifications

• 5+ years of commercial lending or underwriting/financial analysis experience.
• Experience working within a regulated lending environment.
• Experience with internal and/or external auditors.

Responsibilities

• Prepare written credit narratives.
• Perform cash flow analysis for inventory finance.
• Structure complex transactions and negotiate credit documentation.
• Deliver presentations to executives and committees.
• Manage the flow of credit files through effective communication.

Skills

Strong analytical skills

Excellent verbal and written communication

Ability to manage multiple priorities

Independent work capability

Education

Bachelor's degree in Accounting/Finance/Business Administration

Tools

Microsoft Office

Salesforce

DocuSign

Outlook

Excel

Access

Job description

Position Summary

Prepare written credit narratives for large dealer relationships based on information obtained by various parties in the course of a multidisciplinary review. Audiences will include credit committees and individual reviewers.

Northpoint has an excellent opportunity for a Sr. Commercial Credit Underwriter/Analyst to join our Underwriting team in Burlington, ON. The ideal candidate would be capable of effectively applying our underwriting guidelines to review inventory finance transactions to identify those that comply with our stated risk appetite. These guidelines encompass collateral and credit risk assessment and customary KYC due diligence procedures. The candidate must have effective written and oral communication skills, including the ability to write concise and impactful reviews centered around the cash cycle of a dealership.

Essential Duties and Responsibilities

Essential duties and responsibilities include the following. (This list is not exhaustive.)

• Perform cash flow analysis for companies with large investments in inventory using Moody's-produced spreadsheets.
• Structure complex transactions and negotiate complex credit documentation to mitigate risk appropriately.
• Draw connections between behavioral scores and indicators unique to Northpoint that together gauge a dealer's financial condition.
• Effectively manage the flow of credit files by communicating regularly with internal and external clients.
• Utilize common sense and a sound understanding of accounting principles to lessen the risks of relying on internally prepared financial statements that lack independent testing. Analysts with ABL backgrounds are well-suited for this type of work.
• Complete special reviews associated with permanent increases, temporary increases, overlines, product additions, financial triggers, and high-risk account monitoring.
• Prepare and deliver presentations to executives, committees and loan participants.
• Other projects, assignments, or functions in support of portfolio risk management as needed.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Specifically, tasks expected require:

• Bachelor's degree in Accounting/Finance/Business Administration.
• 5+ years of commercial lending or underwriting/financial analysis experience or equivalent experience.
• Strong analytical skills.
• Cross-functional team environment skill set and ability to work independently.
• Excellent verbal, written, and interpersonal skills.
• Strong communication and presentation skills.
• Ability to effectively manage multiple priorities and work as needed to ensure deadlines are met in a fast-paced environment.
• Experience working within a regulated lending environment.
• Experience with internal and/or external auditors.
• Experience with development and/or maintenance of tracking tools including process workflow or compliance with internally set guidelines.

Education/Experience

Bachelors' degree from an accredited college or university.

Language Ability

Ability to read and interpret documents such as operating instructions and policy and procedure manuals. Ability to draft customer facing emails and correspondence on a regular basis. Ability to communicate effectively via phone with a variety of sales, underwriter, manufacturer/dealer contacts.

Computer Skills

Microsoft Office required, specifically, Salesforce, DocuSign, Outlook, Word, Excel, and Access

Certificates and Licenses

N/A

Supervisory Responsibilities

N/A

Work Environment and Physical Demands

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel and to talk or hear. The employee is occasionally required to stand, walk, reach with hands and arms, stoop kneel, crouch or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.

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