Senior Credit Solutions Associate- Downtown

Requisition ID:

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Credit Solutions Associate provides the Senior Credit Solutions Manager (SCSM) credit support as it relates to the credit adjudication process within Commercial Distribution. Provides a high standard of support to the team and contributes to the profitable growth and quality of the distribution portfolio in which they will be supporting.

The Senior Credit Solutions Associate will work with SCSM with the preparation, analysis, and monitoring of credit applications and portfolios. The ideal candidate will have a strong understanding of credit principles, excellent analytical skills, and the ability to work collaboratively in a fast-paced environment. The role is specific to supporting more complex Core clients and is intended to provide deal exposure and development for a SCSM role.

Is this role right for you? In this role, you will:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  
  Credit Analysis and Evaluations:
• Perform credit tasks for core clients supporting Senior Credit Solutions Managers (SCSM) such as:
• Prepare Financial Statement spreading, credit summaries, Projections and Borrowing bases,
  
  review results, escalate any signs of deterioration and update appropriate systems.
• Understand the financial health, creditworthiness, and risk profile of potential borrowers.
• Support the SCSM with detailed credit reports and recommendations for credit approval or denial.
• Analyze financial statements, credit reports, and other relevant documentation to identify potential risks and opportunities.
• Ensure client files are complete and appropriately documented in various systems (e.g., SDR, etracker, etc.)
• Verify all all-relevant data is maintained, current and accessible for ongoing credit assessments.
• Working on larger and complex deals with SCSM:
• Responsible for preparation of Credit Presentations and packages
• While not on direct coverage team for portfolio, will work closely with SCSM to engage client on an as needed basis
• General support as necessary with other credit- related situations needed to maintain credit quality.
• Work closely with both Sr. Relationship Managers and SCSM to understand client needs and develop tailored credit solutions.
• Participate in deal forums to socialize deals with GRM where appropriate
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

Do you have the skills that will enable you to succeed in this role:

• Bachelor's degree in finance, economics, business administration, or a related field or equivalent work experience.
• 1-2 years' experience in Commercial Banking
• Good communication skills (oral and written) in French and English
• Previous experience in credit underwriting or credit document preparation.
• Strong Knowledge of Financial Statements and credit analysis, preliminary assessment of risk, and drawing conclusions.
• Strong Knowledge of credit structures and applicable risk management
• Good knowledge of fulfilment processes and roles of partners
• Strong commitment to excellent client service and ability to work with clients to resolve issues in an amicable and prompt manner.
• Detail-oriented and highly organized, with the ability to manage multiple tasks and priorities effectively
• Extremely well organized and ability to multi-task
• Strong organizational skills to monitor portfolio requirements, collect and assimilate large volumes of information.

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere

Location(s): Canada : Quebec : Montreal

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, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) 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.