Analyst, Credit Analysis & Support Team - Commercial Automotive Finance

Title:

Analyst, Credit Analysis & Support Team - Commercial Automotive Finance

Requisition
Two (2) positions available - incumbent(s) may report to either office (Anjou, QC or Hamilton, ON)

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

Analyst, Credit Analysis & Support Team - Commercial Automotive Finance

The Analyst, Credit Analysis & Support Team is responsible for contributing to the profitable growth and quality of the Commercial Automotive portfolio by performing credit administration tasks to the highest standard of quality for their assigned portfolio. These tasks include financial spreading and analysis, rating activities, monitoring of required conditions, maintaining complete monitoring systems and other credit/or fulfillment activities.

The Analyst must have proven financial analysis and risk assessment techniques for analyzing financial statements / borrowing bases and assisting in structuring, as well as good credit judgement and a good knowledge of the Bank’s lending policies, practices, and procedures. The successful applicant will work on moderately complex financial solutions and will interact with internal partners by gathering information and responding to internal inquiries.

The successful applicant must have strong organizational skills to monitor portfolio requirements, collect and assimilate large volumes of information from various sources and be able to concisely populate information and provide sound rationale in support of a credit application.

Process and Analyze Customer Reporting items (interim and annual) by:

• Maintaining a complete monitoring system (i.e. “Task Manager”) to ensure interim reporting is completed in a timely manner.
• Updating Task Manager and Scotia Dealer Link with necessary information to ensure accuracy of the customer reporting requirements (this includes various data such as annual review date, frequency etc.).
• Completing the spreading of interim financial statements in Moody’s Analytics Credit Lens in an accurate and timely manner as per authorized frequency requirements.
• Performing trend analysis to monitor the health of client accounts and help determine client risk ratings.
• Identifying and action customer reporting items that are overdue, and following up with customer for overdue items that are between 0 and 60 days overdue;
  The objective is to minimize the number of items outstanding beyond 60 days which would otherwise need to be escalated.
• Supporting the offside conditions/material deterioration process by:
  • Escalating offside conditions, covenants, and material deterioration
  • Updating Task Manager to identify offside reporting conditions and removing flags when authorized.

• Analyzing client files in Task Manager to determine annual review and rating refresh, and reporting items that are due.
• Preparing/completing spreads of annual financial statements, and projections in Credit Lens.
• Ensuring 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 Automotive Shared Document Repository (ASDR).
• Ensuring fees, pricing, IG and authorized limited changes are correctly processed/resolved as required.
• Systems (Task Manager and Scotia Dealer Link) updated as required to reflect the information outlined in the Credit Authorization.
• Support the completion of conditions precedent and ensure all required steps are completed prior to advancement/renewal of credits.
• Liaising with syndicate banks in gathering due diligence and information required to complete analysis and answer questions (if Scotiabank is agent).
• Providing other administrative support as required for credit /or fulfillment activities.

Ensuring adherence to the Bank’s Anti-Money Laundering program, Know Your Customer requirements, and Guidelines for Business Conduct, by reporting any unusual occurrences or fraudulent activities per established procedures.