Lead Commercial Credit Manager
5 days ago
About Us
Scotiabank is a leading bank in the Americas, guided by our purpose: "for every future". We help our customers, their families, and their communities achieve success through a broad range of advice, products, and services.
Job Description
We are seeking a Senior Commercial Lending Specialist to join our team in Toronto. As a key member of our commercial credit team, you will be responsible for ensuring the efficient and effective maintenance of a designated portfolio of loans at an acceptable level of risk.
Main Responsibilities
- Evaluate complex financial information to make sound credit judgments and decisions
- Analyze and document credit applications thoroughly, exercising prudent credit judgment within established limits
- Maintain a current knowledge of the Bank's loan policies, economic and business trends
- Oversee an assigned portfolio of accounts, monitoring unsatisfactory trends in risk ratings, credit conditions, and overdue reporting
- Initiate corrective action when required, contributing to the development of the Bank's commercial human resources
- Negotiate with client relationship managers and team leads to ensure credit terms and conditions are appropriate and meet client needs
Required Skills and Qualifications
- Post-secondary education in a related field
- Extensive experience in complex financial analysis and credit structuring
- Good understanding of bank lending policies and procedures, financial analysis, risk assessment techniques, credit structuring, collateral and security documentation, collection, and accounting practices
- Proven credit judgment and ability to administer a commercial credit portfolio
- Strong negotiation and problem resolution skills
- Strong communication skills, written and verbal, to produce informative, concise, and professional credit replies, presentations, and correspondence
- Strong organizational skills and ability to prioritize work effectively and efficiently
- Strong coaching and counseling skills
Benefits
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers
- A rewarding career path with diverse opportunities for professional development
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