Director, ABL Underwriting

Job Description

What is the opportunity?

As Director, ABL Underwriting you are part of a team within the Corporate Client Group ("CCG") responsible for the structuring and delivery of new Asset Based Lending ("ABL") loans for a targeted customer base.  ABL is a highly structured product tied to the value of collateral in addition to traditional credit analysis and our loan origination targets private mid-market and small cap public Canadian corporations.  As Director, ABL Underwriting you will report to the Managing Director and Head of ABL Underwriting and will lead deal teams assigned to closing new syndicated and bilateral opportunities. 

What will you do?

• Assist with new business opportunities across all platforms by triaging referrals from the ABL sales team and other internal and external networks

• Review and analyze financial statements, potential ABL borrowing availability, forecasts and business plans in order to propose solutions and alternatives in complex situations that meet or exceed client expectations

• Arrange necessary due diligence with the client and internal/external vendors and assess the results

• Prepare accurate and compelling credit memos that incorporate the results of all due diligence and actual/projected client results in order to identify and mitigate the risks associated with each transaction

• Defend the specifics of the proposed transaction in detailed negotiations to obtain all necessary business and credit approvals

• Coordinate with the client and legal counsel to ensure that all required loan documentation is negotiated and executed within a reasonable timeframe and in accordance with RBC standards

• Maintain contact with the client throughout the process to ensure that expectations are that met

What do you need to succeed?

Must-have:

• MBA and/or professional designation (e.g., CA, CPA, CFA), or a post-graduate degree with a focus in business, accounting, economics, mathematics or other quantitative field.

• 3+ years underwriting/relationship management and/or credit writing experience in a corporate lending/finance role

• Strong financial and risk analysis skills

• High level of attention to detail in all written communication and financial analysis

• Strong negotiation and client/relationship management skills

• Demonstrates excellent written and verbal communication and presentation skills; confident, credible and personable

• Ability to prioritize work and manage competing demands, perform well under pressure and meet time sensitive deadlines

Nice to have

• Familiarity with Asset Based Lending structures and market trends

• Experience negotiating security documentation and loan agreements

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

Job Skills

Asset-Based Loans (ABL), Commercial Credit Risk, Commercial Credit Underwriting, Credit Writing, Financial Analysis, Loan Agreements

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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