Credit Risk Specialist

4 weeks ago

Toronto, Ontario, Canada Financeit Full time

We're seeking a Credit Risk Specialist to join our Risk Management Department. This individual will assess new and active merchant partners in Canada, ensuring credit and fraud-related risks are minimized.

Key Responsibilities:

  • Assess potential new merchant partners, reviewing company and business owner/director information to evaluate credit quality and performance.
  • Monitor and evaluate existing merchant partners' behavior and adherence to our processes, including credit quality, performance, and compliance with lending program parameters.
  • Demonstrate strong credit evaluation and analytical skills, with expertise in assessing commercial and personal credit bureau reports, financial statements, and overall financial performance.
  • Conduct post-funding borrower satisfaction calls to verify merchant adherence to our lending program requirements.
  • Prepare monthly and quarterly reports on the merchant network as assigned.
  • Continuously assess existing processes and provide recommendations for improvement.

Requirements:

  • 2+ years of relevant experience in indirect personal loan finance or a related field.
  • Experience in Home Improvement or Vehicle financing is preferred.
  • Strong credit evaluation and analytical skills, with familiarity in analyzing both commercial and consumer credit bureau reports.
  • Intermediate knowledge of financial statements and cash flow analysis, including key financial ratio calculations.
  • Bachelor's degree in business or a related discipline.
  • Excellent planning, organizing, and time management skills, with the ability to manage multiple competing priorities and meet deadlines.
  • Strong oral and written communication skills.
  • High attention to detail.
  • Fluency in French is preferred.
  • Ability to work effectively in a self-directed, team-oriented environment with minimal supervision.
  • Adaptable with the ability to multi-task and adjust priorities quickly.
  • Proficiency in MS Office and G Suite.

About Financeit:

Financeit is a point-of-sale financing provider serving some of the largest home improvement and retail organizations in Canada. Our platform helps businesses close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle, or retail purchase. We offer a collaborative and inclusive work environment, and our team is committed to delivering excellent results.

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