Credit Officer – Toronto, Canada
A growing, well-capitalized public company, which provides a suite of financial solutions to healthcare providers throughout the United States, seeks a Credit Officer. This position reports to the Chief Commercial Officer and is primarily responsible for assisting the company’s underwriters and client managers in analyzing credit information on current and potential borrowers and determining the advisability of granting credit for diversified types of loans and lines of credit.
The Credit Officer provides credit product expertise in an advisory capacity and ensures all due diligence and background evaluation is complete and thorough before credit approval is granted. Under minimal supervision, this hands-on leader implements and oversees lending procedures and policies, and has the responsibility of deciding when to approve or deny credit. The Credit Officer provides workflow oversight and delegates team assignments.
A successful Credit Officer is well organized, detail oriented, quality-minded and possesses excellent written and verbal communication skills.
Core Duties & Responsibilities
- Assists in formulating, revising and implementing core credit policies, procedures and practices. Ensures that all proposed lines of credit and loans adhere to policy guidelines
- Performs trend and ratio analysis and properly assesses cash flow, collateral, industry risks, guarantor strength and all other major risks in lending to clients
- Manages the financial analysis and preparation of the Credit Memo. This includes ensuring that the Credit Memo contains a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
- Serves as chair of the credit committee; preparing the agenda and leading the committee through the credit decision process
- Assists client managers in monitoring ongoing financial covenant and/or borrowing base compliance and helps identify and deal with any compliance violations
- Provides technical guidance to and reviews the work of less experienced Underwriters and Workout Officers. Guides and assists the Underwriters and Workout Officers in research, credit structuring, financial analysis, etc. for complex accounts.
- Evaluates and examines credit requests in order to assess credit worthiness including loan quality, credit risk classification, collateral analysis, pricing and adherence to policies
- Working closely with underwriting, determines when up-to-date analysis is required on existing clients; ensuring credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning continue to remain in place
- Using the Company’s financial technology software, identifies potential risks related to clients’ operations, industry/sector and collateral and provides guidance in proactively restructuring the credit and/or minimizing potential losses
- Maintains a current knowledge of legislation and recommends changes to the credit policies and procedures
- Prepares and submits monthly dashboard reports to senior management and the Board of Directors
- Perform other related duties as required
Qualifications & Experience
- *Mandatory experience with U.S based credit analysis with a bank or similar institution
- *Preferred experience in evaluating the credit of small to medium-sized U.S. healthcare providers
- Bachelor’s degree, or equivalent work experience
- Up to 10 years of credit analysis skills; extensive knowledge of loan and line of credit structure, pricing and collateral analysis
- Advanced experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas
- Under minimal supervision, the ability to prepare credit memos, financial projections and customized spreadsheets for existing and prospective clients
- Sound judgment, decision-making ability, and the ability to work in pressure situations
- Proficiency in both Windows and Mac environments as well as MS Office, with exceptional experience with MS Excel
- Strong organizational and interpersonal skills with an ability to work in a multi-location organization
- Strong knowledge of the general healthcare market and healthcare providers
- $90,000 – $110,000 per year commensurate with experience
- Stock options
- Additional compensation will also be considered
Reply to: email@example.com
- Applications that do not include a personalized cover letter explaining what you uniquely bring to the table or that do not include salary requirements will not be considered. Market yourself.
- As one of the early employees of a public company, you will have a unique opportunity to impact the business and take an equity stake in the company you are working to make successful.
No agencies please.
We are an equal opportunity employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to gender, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status protected by applicable national, federal, state or local law.