• Senior Credit Analyst, Hybrid Toronto
  • Financeit in Toronto, , Canada
  • jobs
  • 4 weeks ago

jobs description

Who we are:

Financeit is a point-of-sale financing provider serving some of the largest home improvement and retail organizations in Canada.

Our platform helps businesses close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase.

We are small enough that you can make an impact within the company and large enough to make an impact in the market.

Financeit is a company where collaboration, inclusivity, fairness, and respect aren’t just ideas that get talked about, but are part of who we are. If such a workplace intrigues you, we hope you’ll join us.

About the role:

We are looking for a self-motivated and energetic Senior Credit Analyst to join our Lending Department. This role supports teams across operations: funding, underwriting, collections, sales, and service. Responsibilities include managing applications, loan quality audits, portfolio performance reports, partner monitoring, compliance... assistance, and secondary loan reviews. You have a solid credit background, can identify trends to improve portfolio performance and take initiative in reducing credit and fraud risks. The ideal candidate will have experience in financial credit or underwriting, a history of improving efficiency, and ability to focus in dynamic settings.

What you’ll do:
• Review and assess all applicant’s credit and documentation quality to determine if they meet our Underwriting and Loan Disbursal policies and guidelines.
• Request additional adjudication on loans that contain errors on: Proof of Income calculation or Loan Documentation.
• Escalate and interrupt the disbursal of a loan that contravenes any funding and disbursal policies, as outlined in the Underwriting Guidelines.
• Adhere to all compliance measures as outlined in the Compliance Management Program and Consumer Law Policies.
• Monitor and flag applications suspected of Fraudulent Activity up to and including Identity Theft to the Risk and Lending management team for further action.
• Monitor existing portfolio and merchant activity on an ongoing basis and their current state of credibility, profitability and potential fraud or risk assessment.
• Analyze existing credit and reporting trends to identify opportunities, gaps, and areas of concern/improvement for the lending team.
• Provide assistance with ad hoc reporting and support quarterly loan auditing by reviewing and evaluating funded loans.
• Brainstorm and create various new insightful research projects using available data and share with key stakeholders.
• Understand and use our UAT environment to test new product changes as required by the business.
• Work with Operations team management to provide feedback and training opportunities for staff development.
• Minimum of 2 years of credit experience or related industry experience.
• In-depth knowledge of Risk Management and Credit Evaluation.
• Strong analytical skills and extreme attention to detail.
• Excellent problem solver with solid organizing and time management skills.
• Excellent oral and written communication skills.
• Ability to work with minimal supervision.
• Ability to multi-task and can adjust priorities on-the-fly.
• Proficiency in MS Office.
• Bachelor’s degree in a relevant discipline.
• Availability between the hours of 9:00 AM and 7:00 PM Monday to Friday.

Winner of Canada’s Most Admired Corporate Culture in 2021 and 2023, we offer more than just the basics. Take advantage of:
• An award-winning culture with a collaborative & inclusive team.
• Competitive pay and performance based bonus.
• Committed to flexible work arrangements, offering hybrid workplace options.
• Comprehensive medical, dental and vision coverage + Lifestyle Account.
• RRSP Matching and Parental Leave Top Up Program.
• In office massage, meditation & workout sessions.
• Virtual events such as Lunch & Learns, company parties, fun team activities and charity initiatives.
• Career learning and development programs.

Next Steps:

If what you just read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for a phone interview.

Financeit is an equal opportunity employer. Accommodations are available on request for candidates taking part in all aspects of the selection process
Toronto ON


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