Credit Analyst

The Company

Merchant Growth is Canada's leading fintech provider of credit to small businesses. The company differentiates itself through a proprietary, technology-driven application process, advanced underwriting, and a highly focused servicing process. Our mission is to bring the most convenient and accessible financing experience to Canadian business owners.

We care about growing strong and capable teams with creative, collaborative people. Your peers at Merchant Growth have diverse backgrounds, skill sets, and experiences but share an established track record of driving significant business growth.

The company is seeking a high-performing and motivated full-time Credit Analyst. If you are looking to join a company poised for continued significant growth over the next few years, where you'll have an immediate impact on the business and team, this may be the perfect role for you. You will also have the opportunity to work with and learn from one of the strongest leadership teams in the industry, with a track record of successfully scaling teams and impacting rapid organizational growth.

The Role

We are seeking a Credit Analyst to join our Underwriting Team. This individual will be responsible for reviewing and approving loan and line of credit applications submitted from internal and external origination sources. The position will require a person that can demonstrate sound analytical thinking and organizational skills and will be comfortable working independently while often juggling competing priorities. Applicants should be detail-oriented with the ability to perform credit underwriting tasks efficiently and with a high degree of consistency and accuracy.

Main Functions

• Adjudicate loan and line of credit applications from small and medium-sized businesses in an efficient and timely manner
• Analyze and consider financial data, personal and commercial credit bureau information, third-party references, and macroeconomic factors to evaluate the creditworthiness of potential borrowers
• Summarize and communicate all application strengths and weaknesses considered in rendering a final underwriting decision
• Grant approvals in accordance with delegated credit authority limits and company policy
• Verify completed borrowing agreements for accuracy and review information from Corporate and PPSA registries prior to authorizing the release of funds
• Answer queries from sales staff pertaining to applications submitted for analysis
• Balance efficiency and risk management in determining appropriate exceptions to company policy on individual applications
• Perform periodic re-assessments of existing loan and line of credit client accounts for renewal purposes
• Pinpoint fraudulent documents during analysis and report these to appropriate departments
• Join in credit committee reviews of larger exposure applications
• Participate in team projects focused on process and/or policy improvement
• Incorporate new (or changes to) policies and procedures in a fluid environment

Required Experience, Knowledge, and Skills:

• Understanding of risk assessment in a lending environment
• Ability to analyze business financial information to identify and evaluate key metrics
• Ability to analyze personal and commercial credit bureau reports
• Comfortable handling multiple files and tasks in a time-sensitive manner
• Ability to interpret, adapt to, and apply new credit policy guidelines and procedures
• Excellent attention to detail and ability to cross-reference information for accuracy
• Exceptional organization and time-management skills
• High level of computer literacy
• Strong communication skills (verbal and written) such that decisions and instructions/guidance can be conveyed in a clear manner
• Ability to work autonomously in a team environment

Qualifications and Experience

• 1+ years of lending experience in alternative finance, retail or commercial banking, equipment leasing, or automotive finance.
• Post-secondary degree in a related field of study or an equivalent combination of education and experience
• Experience using Salesforce is an asset

What We Offer:

• An exciting position with a leading Canadian fintech company.
• A remote workplace with an option to work in office (we are in Gastown).
• Competitive salary.
• Comprehensive group health benefits (Life, AD&D, Extended Health & Dental and Travel Insurance).
• Company-wide monthly Lunch and Learns and team events.
• A collaborative team environment.
• Education and learning benefits.

We thank all applicants for their interest; however, only selected candidates for further consideration will be contacted.