Working Capital Team - Credit Analyst II

Vault Credit Corporation; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Vault Credit Corporation is seeking a Credit Analyst II to assess borrower creditworthiness and prepare detailed analyses within their authorized limits. You will drive underwriting decisions, support origination with recommendations on structure and terms, and ensure adherence to credit policies.

Ideal candidates bring 3+ years in business credit underwriting, strong financial statement analysis, and excellent credit writing.

Qualifications

• Minimum 3 years’ experience in Business Credit underwriting and risk management in a financial services environment.
• Strong understanding of commercial business structures and financing options.
• Experience reading and analyzing bank statements, cash flow, and financial statements.
• Excellent credit writing and communication skills.
• Ability to identify and quantify risks and drive credit decisions.

Responsibilities

• Underwrite borrowers within authorized credit limit and prepare detailed credit analyses.
• Provide guidance on structure, terms, conditions, and covenants to origination and sales support.
• Analyze financial statements, ratios and trends to assess creditworthiness.
• Spread and analyze business financials and tax returns with good understanding of credit bureau scores.
• Ensure compliance with corporate credit policies and procedures.
• Interact with senior leadership and drive process improvements.
• Address delinquency causes and develop corrective actions.
• Stay informed on market changes and industry issues.

Skills

Credit underwriting

Financial statement analysis

Credit writing

Communication skills

Risk management

Analytical thinking

Team collaboration

Education

Post-secondary education in business/finance

Tools

Excel

Word

Job description

Vault is a non-bank private lending company offering a wide array of financial services such as mortgage, leasing and working capital lending products. Vault has a devoted team of experts with years of experience in both financial services and real estate. We are dedicated to delivering products and services that meet the diverse needs of our borrowers, quicker and easier than traditional sources!

We have a fast-paced, fun, progressive, and friendly work environment. The company is currently experiencing growth (which comes with incredible opportunity) that can be attributed to the “work hard, play hard” and “have fun while you work” values of the organization. This is a company with no politics or red tape, you want to get something done, you will have the latitude and opportunity to run with it, giving you the chance to take ownership of your results with no ceiling of what you can accomplish.

Role – Working Capital Team - Credit Analyst II

The successful candidate will be responsible for making credit decisions within his or her authorized credit limit, as well as well preparing detailed credit analysis including recommendations on transactions exceeding the Analyst's credit limit for decisions to be made at higher authority levels. Constantly striving for efficiencies and assisting risk management within the portfolio is also a key component of this role.

Key Performance Objectives

• An integral part of the origination process. Responsible for performing underwriting analysis of Borrower’s character, creditworthiness and financial condition.
• Provide direction and leadership on transactions to origination and sales support members, on structure, terms, conditions security and covenant recommendations.
• Conduct research, financial and statistical analysis to determine and support the clients' creditworthiness while minimizing risk exposure. Provide recommendations or justification for the credit decision.
• With a strong understanding of bank statement analysis, cash flow reports, financial ratios, trends, etc., successfully spread and analyze business financial statements and/or tax returns.
• Sound knowledge of credit scores reported on commercial credit bureaus and consumer credit bureaus.
• Ensure compliance with corporate credit policies and procedures.
• Interact with senior leadership team.
• Proactively identify areas requiring process improvements and take ownership for proposing creative solutions.
• Conduct analyses to determine causes and cures for delinquency.
• Understand market changes and remain relevant knowledge of industry issues.
• Completes ad hoc requests as needed.

Qualifications

• Minimum 3 years’ experience in Business Credit underwriting and risk management in a financial services environment, combined with relevant post-secondary education with an emphasis on business and finance.
• Strong understanding of commercial business structures. Familiarity with acceptable financing options and techniques.
• Sound knowledge and understanding of business financial statements, business case, bank statement and cash flow analysis, commercial lending security documentation, including collection/work out techniques and remedies.
• Excellent communication skills and computer competency (word processing/spreadsheet).
• Excellent credit writing skills. Demonstrates innovative and creative approaches to solving difficult challenges and seizing opportunities.
• Proven ability to identify and quantify subtle business risks and the ability to identify key drivers of risk and focus discussions accordingly.
• Strong verbal and written communication skills.
• Ability to exercise sound judgment. Works well in a team environment.
• Able to prioritize and plan workload, and to meet deadlines in a dynamic, fast-paced environment. Self-motivated.

Thank you for your interest in Vault Credit Corp. Please note that due to the volume of applications, only those under consideration will be contacted for an interview. We are committed to providing accommodations for people with disabilities. Should you require accommodation, we will partner with you to meet your needs.