Quest Learnings

Credit Analyst

Job detail

Job ID:

16207

Job Title:

Credit Analyst

Job Type:

Permanent

Location:

Toronto

Description:

The incumbent is primarily responsible for underwriting all new loan and line of credit applications to ensure that they meet client standards, and recommends decisions to the appropriate authority. The incumbent also recommends decisions to the appropriate authority if the application is outside their authorized lending limits. A key component of this position requires the incumbent to support and work in conjunction with other departments of client and external clients in order to provide a consistent level of quality customer service to our shared clientele.

Responsibilities:

Investigates, evaluates, sets conditions, approves or declines loan and line of credit applications based on authorized lending limits, ensuring
compliance with the current legislation and with the policies, programs and procedures of B2B Bank.

Gathers any necessary information required to co-ordinate and analyze a credit application and submits recommendations to the appropriate authority.

Verifies data and information on loan applications to ensure their accuracy.

Provides consistent, objective and sound credit decisions in a high volume environment.

Ensures the attainment of service standards for processing applications in accordance with company policies and procedures.

Communicates decision to external clients and responds to inquiries regarding application status and decisions.

Replies to internal and external client queries and provides solutions or escalates the concern to the appropriate authority.

Responsible for meeting all productivity measures and escalation rates set by the VP of Credit Products.

Maintains proficiency in the use of primary systems, such as SST and ASAP, and remains familiar with all Bank’s systems.

Submits recommendations to the Manager of Credit to improve work processes.

Keeps up-to-date on applicable legislation, as well as on the Bank's policies, programs, procedures, and market trends.

Participates in special projects and carries out any other similar or general task at the request of their superior or that may be required by their function.

Requirements:

University Degree in a related field and 2 - 3 years of related experience.
or College Diploma and 3 to 5 years of related experience.

Knowledge of credit and underwriting practices, and lending products.

Knowledge of the financial services industry and its regulatory environment.

Demonstrated ability to use initiative and good judgment.

Results-oriented, diplomatic, and adept at building customer relations.

Excellent problem-solving and negotiation skills.

Strong written and verbal communication skills.

Ability to identify process improvements and communicate these to their supervisor Computer literacy in Microsoft Office (Word, Excel and PowerPoint) and Outlook a must. Familiarity with using large and complex financial database systems; ability to learn inquiry functions in back office processing systems.

Familiarity with 5S, Kaizen Principles, Six Sigma or other Continuous Improvement methodologies is an asset

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