Senior Manager, Real Estate Credit

Scotiabank•Toronto, ON

8d•Onsite

About The Position

The incumbent will review and, depending on the type and overall risk rating of the Borrower and real estate project in question, adjudicate credit submissions primarily focused on all asset classes of real estate including construction, Income Property Loans and working capital facilities included in both the Bank's Commercial and Corporate Loan Portfolios.

Requirements

Excellent verbal and written communication skills.
Strong analytical and computer skills.
Full understanding of financial statements, accounting principles and policies among Canada/U.S. jurisdictions.
Full understanding of the various credit lines and their purposes.
Ability to make sound decisions and appropriate recommendations to senior/executive management and effectively support those recommendations.
Ability to keep up-to-date with new product lines as they are introduced to the market place.
Demonstrated ability to keep abreast of the various market/legal/accounting/regulatory systems affecting provinces/states which fall within their portfolio.
Excellent time management skills, including ability to work well under pressure and constantly adjust priorities.

Nice To Haves

MBA, CFA degree, C.A. designation and/or previous credit and/or banking experience
Proficiency in Excel application is an asset.

Responsibilities

Liaise and maintain strong working relationship with real estate banking offices. The portfolio’s primary focus is the real estate industry.
Review pertinent financial and industry information and perform in depth risk assessment of incoming credit applications.
Provide recommendations to senior executives and participate in discussions at Senior Credit Committees.
Adjudicate/authorize real estate loans within assigned lending limit, including amendments to improve credit structure, as necessary.
Review and, where appropriate, authorize loan documentation completed by banking offices and the preparation of authorizations to communicate the terms and conditions of the transaction.
Develop a high degree of industry knowledge/expertise and ensure the ongoing quality of the credit portfolio through the review of industry publications, the assessment of monthly/quarterly financial reporting packages, and discussions with applicable banking officers.