Title:  Senior Manager, Real Estate Credit

Requisition ID: 254057 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Provide a high level statement (one sentence) that explains the primary purpose of the job i.e. why it exists and how it

contributes to Scotiabank. 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.

What you'll do in this role?  

• 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.

Is this role right for you? 

• 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 portfoli
• Excellent time management skills, including ability to work well under pressure and constantly adjust priorities.
• MBA, CFA degree, C.A. designation and/or previous credit and/or banking experience
• Proficiency in Excel application is an asset

What's in it for You?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Multiple career paths and innumerable progression opportunities. We hire you for your talent and not just for the job. We want to see you succeed not just in your role but in your career as a whole
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.