Senior Credit Officer
2 weeks ago
Requisition ID: 219262
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
As a valued member of a dynamic team, the incumbent is responsible for contributing to the effective administration of the Bank's Special Accounts Management loan portfolio. This includes:
- Ensuring timely receipt, processing, and accurate analysis of financial and compliance reporting from distressed corporate/ commercial Borrowers;
- Assisting with credit administration requirements, including recording collateral security and preparation of account documentation and QSRs;
- Building relationships with inter Bank Business Units (including, but not limited to, GRM, BSC, GWO, Commercial Banking) and effectively managing relationships with Borrowers as necessary.
Is this role right for you? In this role, you will:
- Record security documentation on the Particulars of Fixed Security Form 1281611 (if applicable, and/or manage the process of forwarding documentation to the appropriate recording team). Maintain BF system covering renewals of insurance and security registrations. Assist in document preparation, coordinate payment processing, set up new accounts and loans, ensure conditions precedent are met before loans are disbursed.
- Monitor receipt and content of reports from customers as required by compliance reporting. Timely and accurate compiling of financial reporting results. Issues that arise are quickly brought to the Manager/ Senior Manager/ Director's attention.
- Ensure pricing and limits are accurate and reflect CARDS data to ensure appropriate revenues are earned. Track receipt of fees due from Borrowers.
- Track key performance indicators for both SAM and SAMU portfolios, as well as tracking Credit-Impaired Loans/ Provisioning Reporting.
- Process legal and professional fees. Track non-recoverable direct costs incurred by the Bank. Reconcile fees with General Ledger.
- Prepare and compile departmental budget and track variances.
- Assist with completion of QSRs and assist in preparation of credit applications as requested.
- Update QSR Tracker on a timely basis.
- Confirm authorized amounts for Credit/ Cash Management Products upon receipt of a file and/or upon completion of an Annual Review.
- Assist with preparation of the BEEL and provisioning template documents, as necessary.
- Prepare monthly/quarterly reporting for the department.
- Complete other jobs and tasks as may be assigned from time to time.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
- Knowledge of Bank Operational Procedures
- Basic knowledge of credit risk policies, products and processes
- Knowledge of Salesforce
- Knowledge of legal and document registration procedures
- Excellent financial analysis and spreadsheet skills
- Organized and able to balance multiple tasks in a fast-paced environment
- Good verbal and written communication skills
- Undergraduate degree and/or several years of Commercial Banking, or financial analysis experience within a Business Service Centre role would be considered an asset.
What's in it for you?
- An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success
- We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one
- Your career matters You will have access to career development and progression opportunities.
Location(s): Canada : Ontario : Toronto
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 during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
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