Automotive Finance Specialist

2 months ago


Hamilton, Ontario, Canada Scotiabank Full time
Job Summary

We are seeking a highly skilled Senior Analyst, Credit Analysis & Support Team to join our team at Scotiabank. As a key member of our Commercial Automotive portfolio, you will be responsible for contributing to the profitable growth and quality of our business by performing credit administration tasks to the highest standard of quality.

Key Responsibilities
  • Financial Analysis and Reporting
    • Process and analyze customer reporting items (interim and annual) by maintaining a complete monitoring system to ensure timely completion.
    • Update Task Manager and Scotia Dealer Link with necessary information to ensure accuracy of customer reporting requirements.
    • Complete the spreading of interim financial statements in Moody's Risk Analyst (RA) in an accurate and timely manner.
    • Perform trend analysis to monitor the health of client accounts and help determine client risk ratings.
    • Identify and action customer reporting items that are overdue, and follow up with customers for overdue items that are between 0 and 60 days overdue.
  • Annual Review and Credit Correspondence
    • Analyze client files in Task Manager to determine annual review and rating refresh reporting items that are due.
    • Prepare and complete spreads of annual financial statements, and projections in RA.
    • Perform structuring and analytical functions, along with other due diligence activities on deals.
    • Assist with credit tasks to support Sr. CSMs and CSMs in the preparation of credits.
    • Ensure 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).
  • Compliance and Risk Management
    • Ensure adherence to the Bank's Anti-Money Laundering program, Know Your Customer requirements, and Guidelines for Business Conduct.
    • Report any unusual occurrences or fraudulent activities per established procedures.
Requirements
  • Credit Skills
    • Sound credit skills, including the ability to write up deals, spread financials, assess risk, and draw conclusions.
  • Accounting and Financial Analysis
    • Intermediate accounting and financial statement analysis.
  • Problem Solving and Communication
    • Solid problem-solving skills and solutions-oriented approach.
    • Good written and verbal communication skills.
  • Industry Knowledge
    • 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.
  • Technical Skills
    • Ability to use personal computer programs, including Word, Excel, and relevant specialized software (examples: SDL, Task Manager, RA).
What We Offer
  • Work Environment
    • Work in a standard office-based environment; non-standard hours are a common occurrence.
  • Compensation and Benefits
    • A competitive compensation and benefits package.
  • Professional Development
    • Clear, transparent criteria to progress in your career.
    • Meaningful development conversations that enable faster advancement and internal training to support your growth and development.


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