Credit Analyst

EQ Bank | Equitable Bank • Toronto, ON

69d • $60,000 - $80,000

About The Position

This position is being recruited by EQB on behalf of our wholly owned subsidiary, Bennington Financial Corp. Bennington Financial Corp plays a critical role within EQB’s ecosystem, specializing in commercial equipment financing and leasing. It extends EQB’s reach beyond traditional banking into a highly specialized and fast-growing segment of the financial services landscape.

Joining Bennington means: Being part of the EQB family, with the stability, scale, and purpose of a leading Canadian challenger bank, Working within a specialized, entrepreneurial business where your contributions are highly visible and impactful, Supporting a business that operates at the intersection of bank-grade governance and commercial finance agility, Helping shape compliance, risk, and operational excellence in a business that directly enables Canadian companies to grow

This role offers the best 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. If you’re looking for an opportunity where your expertise matters, your voice is heard, and your work directly supports both innovation and growth—Bennington 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 ($50,000-$100,000), 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 Bennington’s 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 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.

Requirements

• 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
• 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.

Nice To Haves

• 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.

Responsibilities

• Responsible for mid-ticket credit adjudication ($50,000-$100,000), and making recommendations regarding deal acceptance, pricing and deal structure.
• Responsible for working with our broker partners on each approval until such time as the deal closes.
• Making structural changes to approvals, negotiating/explaining rates, explaining processes and as well as specific terms to ensure deals close and Bennington’s best interests are achieved.
• Create a custom structured approval, within defined guidelines.
• Maintain acceptable default and loss standards as determined by the Bennington senior management team.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level