Job Description

At Coast Capital, we\'re not dreaming about a better future, we\'re building one.

At Coast Capital, we\xe2\x80\x99re not dreaming about a better future, we\xe2\x80\x99re building one.

As a member-owned cooperative, we\xe2\x80\x99re helping our members with their real goals and real challenges so they can live the real life they want. It\xe2\x80\x99s what we\xe2\x80\x99ve been doing for over 80 years, and it\xe2\x80\x99s why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community \xe2\x80\x93 almost $90 million since 2000 alone \xe2\x80\x93 because when our members do well, we believe our communities should do well too.

Senior Credit Analyst - Equipment

Nov 4, 2023

Location: Toronto, Calgary, Vancouver

Job Type: Full Time

myWork Options: Remote

What\'s the job?
As the Senior Credit Analyst, you will be accountable for analyzing credit submissions from the direct or Indirect sales group and other channels as requested, primarily focusing on complex submissions due to Exposure, Asset Type, and Applicant\'s Industry. They will leverage their knowledge and experience in equipment leasing to exercise good judgment in providing approvals for qualified loans/leases within assigned lending limits and according to Coast Capital Auto Equipment Finance (AEF) Policy and Procedures. They will also review credit submissions prepared by Credit Analysts above the Credit Analyst\'s underwriting authority for completeness, compliance with Policy, and overall recommendation. Further, they will assist with developing and delivering the equipment loan/lease training process, including systems training. The Senior Credit Analyst will resource Auto Equipment Finance concerning credit policies and procedures.

What you\'ll get to do:

• Effectively communicates credit decisions to applicable staff clearly, concisely and respectfully.
• Maintains regular contact and a reciprocal relationship on behalf of the AEF with various outside agencies and related offices (e.g., Law Firms, Brokers, other Credit Unions, etc.).
• Provides timely and accurate application adjudication as detailed in AEF Policy and Procedures.
• Responsible for identifying and referring opportunities for additional business to partners within CCS while maintaining a credit culture of balancing risk with reward.
• Review the credit adjudication of AEF Credit Analysts outside the Analysts\' credit authority for completeness, compliance with AEF Policies and Procedures, and the overall recommendation on the submission.
• Possess approval authority towards the satisfaction of Credit Conditions on Approvals within their lending authority limit.
• Lending limits up to $1,000,000.00, depending on experience level and aptitude.
• Review Applications and supporting documentation within AEF\'s Fraud Risk Management Guidelines, identifying situations where fraudulent and money laundering activities are potentially occurring, and forwarding concerns to Senior Management and CCS Fraud Management.
• Possess approval authority on exceptions to AEF Policy/Procedures related to the Credit Adjudication of a submission delivered from AEF Credit Analysts.
• Conducts credit adjudication on Credit Submissions from both the Direct and Indirect sales groups, completing the review based on assigned lending limits and according to AEF Policy and procedures.
• Completes the Credit Review package, including the proposed financing structure with recommendation for approval, within Group Risk Management, where the aggregate total exposure exceeds $1,500,000.
• Participate in a variety of projects which impact the Credit Group.
• Contribute to the ongoing review of AEF credit policies and procedures, including Credit Appetite relating to Industry, Asset, and Geography.
• Assist in developing and delivering equipment loan/lease training for new members to the Credit Group, including systems training.

Who You Are:

• You have a minimum of 5 - 7 Years of Experience in Credit Adjudication (retail and commercial reviews), with preference given to applicants with at least 2 years of current experience in the equipment finance industry.
• High School Diploma plus completion of a Diploma Program (two years of formal education or equivalent).
• Preference is given to those with a degree or professional designation in a related field-completing all in-house commercial /equipment Lending courses or equivalent work experience.
• Proficient in Microsoft Outlook, Word, and Excel.
• Working knowledge of presentation equipment and software.
• Advanced financial services background.
• Expert knowledge of all aspects and functions of equipment industry lease/ lending products, policies and procedures.
• Expert knowledge in various matters that impact Credit Evaluation, including the assets being reviewed and their values, the industries financed, the work programs within those industries, and the general economic conditions within Canada.
• Advanced knowledge of Financial Statements and advanced ability to discern and understand the information.
• Sound knowledge of AEF\'s Credit Appetite and Approved Asset Listing.
• Advanced knowledge of risk management as it relates to credit underwriting.
• Expert interpersonal skills and a demonstrated ability to communicate effectively in both oral and written form.
• Willingness to work on a team in a busy, ever-changing, and occasionally stressful environment.
• Advanced organizational and time management abilities.

Equity, Diversity & Inclusion at Coast Capital

Don\'t meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to for everyone - including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you\'re excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.

We strive to provide an accessible candidate experience for our candidates with different abilities. If you require any accommodations, please contact . We will work with you to meet your needs.

Why join Coast Capital Savings?

• Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.
• Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we\xe2\x80\x99re doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.
• A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.
• Work where you\xe2\x80\x99re most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.
• Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.
• Retirement options. We also take care of our employees once they retire. That\xe2\x80\x99s why we offer the choice of a defined contribution or defined benefit pension plan or RSP\xe2\x80\x99s.
• Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.
• Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We\xe2\x80\x99re human, which means we like to have fun with events, celebrations, and recognition throughout the year.
• An award winning culture. We\xe2\x80\x99re a Platinum member of Canada\xe2\x80\x99s Best Managed Companies and are regularly recognized by Canada\xe2\x80\x99s Most Admired Corporate Cultures and the BC Top Employers Awards.
• We reinvest 10% back into the community. When we do well, our communities do well. That\xe2\x80\x99s why since 2000 we\xe2\x80\x99ve invested over $90 million into our member\xe2\x80\x99s communities.
• Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

D&I at Coast

At Coast Capital, we value diversity, equity and inclusion. We\xe2\x80\x99re not all the same and we like it that way. We don\xe2\x80\x99t just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

Coast Capital Savings