Lead Commercial Credit Manager

5 days ago


Toronto, Ontario, Canada Scotiabank Full time

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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