Senior Analyst, Credit Analysis & Support Team

Requisition ID : 204910

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

What your role will be...

Senior Analyst, Credit Analysis & Support Team - Automotive Finance (Hamilton, ON)

The Senior Analyst, Credit Analysis & Support Team is responsible for contributing to the profitable growth and quality of the Commercial Automotive portfolio by performing credit administration tasks to the highest standard of quality for their assigned portfolio.

These tasks include financial spreading and analysis, rating activities, monitoring of required conditions, maintaining complete monitoring systems and other credit / or fulfillment activities.

The Senior Analyst will also be responsible for credit tasks, including supporting Sr. CSMs and CSMs in preparation of credits.

What you will be doing...

• Process and Analyze Customer Reporting items (interim and annual) by : Maintaining a complete monitoring system (i.e. Task Manager ) to ensure interim reporting is completed in a timely manner;
• Updating Task Manger and Scotia Dealer Link with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as annual review date, frequency etc);
• Completing the spreading of interim financial statements in Moody’s Risk Analyst (RA) in an accurate and timely manner as per authorized frequency requirements Performing trend analysis to monitor the health of client accounts and help determine client risk ratings;

Identifying and actioning customer reporting items that are overdue, and following up with customers for overdue items that are between 0 and 60 days overdue.

The objective is to minimize the number of items outstanding beyond 60 days which would otherwise need to be escalated; Supporting the offside conditions / material deterioration processes by : Escalating offside conditions, covenants and material deterioration Updating Task Manager to identify offside reporting conditions and removing flag when authorized

• Support the Annual Review process and preparation of credit correspondence by : Analyzing client files in Task Manager to determine annual review and rating refresh reporting items that are due;
• Preparing / completing spreads of annual financial statements, and projections in RA; Performing structuring and analytical functions, along with other due diligence activities on deals;
• Assisting with credit tasks to support Sr. CSMs and CSMs in the preparation of credits. Ensuring client files are complete and up to date in Scotia Dealer Link and Task Manager, and that all relevant correspondence and authorizations related to the Annual Review process are properly stored in the Shared Document Repository (SDR);
• Ensuring fees, pricing, IG and authorized limited changes are correctly processed / resolved as required and systems (Task Manager and Scotia Dealer Link) updated as required to reflect the information outlined in the Credit Authorization;

Liaising with syndicate banks in gathering due diligence and information required to complete analysis and answer questions (if Scotiabank is agent).

Support the completion of conditions precedent and ensure all required steps are completed prior to completion on Task Manager;

Providing other administrative support as required for credit / or fulfillment activities.

Ensuring adherence to the Bank’s Anti-Money Laundering program, Know Your Customer requirements and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures

What you need to succeed...

• Sound credit skills (must be able to write up deals, spread financials, assess risk and draw conclusions).
• Intermediate accounting and financial statement analysis.
• Solid problem solving skills and solutions oriented.
• Good written and verbal communication skills.
• Good knowledge of the industry lines the DFC is serving (Automotive floor planning, wholesale leasing and commercial real estate.
• Good knowledge of all commercial lending products
• Ability to use personal computer programs; Word & Excel, and relevant specialized software (examples : SDL, Task Manager, RA).

What we’re offering

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities for you and our customers.
• You can expect to be recognized and rewarded for high-performance. You’ll be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.
• You’ll receive clear, transparent criteria to progress in your career.
30+ days ago