Credit Analyst

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: 3 days ago

Vacancies: 1 Vacancy

Job Summary

Why Join EQB and Why This Role at Bennington Financial Corp Matters

Being a traditionalbank justisntour thing. AtEQB Inc. we challenge ourselves to think differently and build innovative financial solutions that better serve Canadians.

We do this by bringing together a talented team of curious agile thinkers whoarentafraid to challenge the status quo. Ifyourepassionate about redefining the future of bankingwhile having fun and making a real impactthis could be your next big opportunity.

Today EQB serves more than780000 CanadiansthroughEquitable Bank Canadas Challenger Bank and has beenoperatingfor over50 years. Through our wholly owned subsidiaries includingConcentra Bank we support credit unions across the country serving more thansix million members. Together we manage over$138 billionin assets under management and administration with a clear mandate to drive meaningful change in Canadian banking.

Our digital platformEQ Bank has been recognized as one of the top banks in Canada on theForbes Worlds Best Bankslist every year since 2021an endorsement of our customer-first innovation-driven approach.

About This Role: EQB Bennington Financial CorpPartnership

This position is being recruited by EQBon behalf of our wholly owned subsidiary Bennington Financial Corp. Bennington Financial Corp plays acritical role within EQBs ecosystem specializing incommercial equipment financing and leasing. It extends EQBs reach beyond traditional banking into a highly specialized and fast-growing segment of the financial services landscape.

Joining Bennington means: Being part of theEQB family with the stability scale and purpose of a leading Canadian challenger bank Working within aspecialized entrepreneurial businesswhere your contributions are highly visible and impactful Supporting a business thatoperatesat the intersection ofbank-grade governanceandcommercial finance agility Helping shape compliance risk and operational excellence in a business that directly enables Canadian companies to grow

This role offers thebest of both worlds: the backing resources and long-term vision of EQB combined with the pace ownership and influence that comes from working within a focused subsidiary like Bennington. Ifyourelooking for an opportunity where yourexpertisematters your voice is heard and your work directly supports both innovation and growthBennington Financial Corp powered by EQB is a compelling place to build your next chapter!

Summary:

This full-time position reports to the Manager of Credit. The candidate will be responsible for mid-ticket credit adjudication ($50000-$100000) and making recommendations regarding deal acceptance pricing and deal structure. The candidate will also be responsible for working with our broker partners on each approval until such time as the deal closes. This process may involve making structural changes to approvals negotiating/explaining rates explaining processes and as well as specific terms to ensure deals close and Benningtons best interests are achieved. Each credit is unique and presents an opportunity to create a custom structured approval within defined guidelines. The Credit Analyst is also required to maintain acceptable default and loss standards as determined by the Bennington senior management team.

The Work!

The ideal candidate will have a strong attention to detail and the ability to work well under pressure and tight deadlines. A positive attitude with the ability to work collectively with team members as well as other Bennington Departments to develop synergies and efficiencies for Bennington as a whole.
The successful candidate must have a minimum of 1 years of direct credit analysis experience ideally in Sub-Prime Lending and ideally in the Leasing sector OR at least 3 years of experience in a related field within the Leasing sector. They must have knowledge of Canadian lease structures and leasing processes have the ability to read and interpret financial statements and have an attention to accuracy and detail. Incumbents must be willing and able to find a solution with a can-do attitude learn and adapt quickly and remain calm under pressure in a deadline oriented environment. Candidates should be able to effectively manage competing priorities and timelines interact effectively with internal and external customers and work independently without direct supervision. Applicants need to be proficient in Word Excel and be able to learn new systems quickly.

Your Experience:

A university or college degree with a main subject area in Business or Finance is preferred (or equivalent relevant experience). Bilingualism in English and French is an asset.

$60000 - $80000 a year

*** Salary will be based on experience

*** This posting is for an existing vacancy

*** Artificial Intelligence (AI) tools may be used as part of the applicant screening process. However all final hiring decisions will be made by the hiring team to ensure a fair and thorough assessment.

What we offer For full-time permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical dental vision life and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We cant wait to get to know you!

Required Experience:

Why Join EQB and Why This Role at Bennington Financial Corp MattersBeing a traditionalbank justisntour thing. AtEQB Inc. we challenge ourselves to think differently and build innovative financial solutions that better serve Canadians.We do this by bringing together a talented team of curious agile ...