National Bank of Canada · 1 day ago
Credit Analyst
Pompano Beach, FL
Full-time
Hybrid
Mid Level
3+ years exp
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Responsibilities
Conduct credit analysis - review financial documents to analyze credit, determine creditworthiness and risk levels for potential and existing borrowers by examining financial transactions, financial statements, tax returns rent rolls, personal financial statements, cash- flows, and other pertinent documents as well as credit history.
Pre-underwrite consumer and residential loans in accordance with the credit policy.
Collaborate with the Business Development team to gather necessary information and ensure accurate and timely completion of credit assessments.
Stay updated on industry regulations, best practices, and emerging trends in underwriting and credit analysis.
Utilize financial modeling techniques to evaluate financial statements, cash flow projections, and other relevant financial data.
Perform in-depth research and analysis of industry trends, market conditions, and economic factors that may impact credit decisions.
Perform post-funding analysis on the entire portfolio on an annual basis and submit findings to the Vice-President Credit & Chief Credit Officer, including assessing the creditworthiness of existing borrowers through ongoing monitoring and analysis of financial performance and payment history.
Identify potential risks - associated with either borrower or property, the Credit Analyst will determine if the risk is too high or if alternative financing/ rates and terms are more appropriate based on specific conditions of the loan.
Create summary reports - summarize loan applications and credit analysis in one concise report which will include quantitative and qualitative evaluation of the loan - property, borrower, advantages, and potential risks to consider including completing financial ratios, trend, cash- flows analysis and creating projections.
Review appraisal analysis to determine that acceptable standards are met.
Maintain productivity level and turn times as established by management. Prioritizes the underwriting caseload to meet various deadlines.
Assist in business relationship management with skills and the ability to understand and anticipate the needs of respective business stakeholders.
Establish the risk rating grade according to the Credit Policy guidance.
Collaborate with internal and external auditors in periodic audits.
Qualification
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Required
High School Diploma and a minimum of 5 years of experience in credit analysis with a specific focus in real estate rentals and multi-family properties OR bachelor’s degree and a minimum of 3 years of experience as a credit analyst in a Financial Institution.
Positive attitude, extremely organized, excellent communication skills and self-motivated.
Extremely proficient in Microsoft office, including Word and Excel.
Ability to multi-task and manage multiple projects at one time.
Displays a good understanding of the real estate mortgage regulations and practices.
Have a valid MLO number.
Excellent analytical skills with the capability to identify risks, evaluate options, and make informed decisions.
Knowledge of fraud prevention and detection methods to identify potential red flags or irregularities in credit applications.
Ability to forecast future financial performance based on historical data and market trends.
Exceptional attention to detail with the ability to spot errors or inconsistencies in financial data.
Familiarity with loan origination processes, including underwriting guidelines, documentation requirements, and compliance standards.
Preferred
Bilingualism both spoken and written (English and French), a strong asset.
Benefits
Medical, dental, vision insurance
401(k) retirement plan participation with employer matching contribution
Flexible spending accounts for healthcare and dependent care
Employee and Family Assistance Program
Flexible PTO and company paid holidays
Tuition reimbursement
Paid parental leave
Wellness fund
Short and Long Term Disability
Basic and Buy-Up Life Insurance
Health and wellness program, including many options
Flexible group insurance
Generous pension plan
Employee Share Ownership Plan
Preferential banking services
Opportunities to get involved in community initiatives
Telemedicine service
Virtual sleep clinic
Company
National Bank of Canada
National Bank of Canada provides banking, investment, and financial services to individuals, businesses, and institutions across Canada.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$1.23BKey Investors
National Bank Financial
2024-06-17Post Ipo Equity· $728.7M
2022-08-31Post Ipo Debt· $500M
2000-01-31IPO
Leadership Team
Laurent Ferreira
COO
Philippe Daoust
Vice President, Managing director
Recent News
Canada NewsWire
2024-12-23
2024-12-21
2024-12-19
Company data provided by crunchbase
