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Associate Credit Jobs in Innisfil, ON (NOW HIRING)

PwC

Credit Risk Modelling Senior Associate

Toronto, ON · Hybrid

CA$73K - CA$122K/yr

Meaningful workyou'llbe part of As a Credit Risk Modelling Senior Associate,you'llwork as part of a team of problem solvers, helping to solve complex business issues from strategy to execution.

Fairstone

Credit Adjudicator

Toronto, ON · Hybrid

CA$23.07 - CA$27.18/hr

Join Eden Park as a Credit Adjudicator reporting to Sherman Somera, and be part of our talented and growing team! About the role: * Review and adjudicate vehicle loan applications by assessing an ...

Jonluca

Credit Coordinator

Woodbridge, ON · On-site

Additionally, this role will provideadministrative support to our finance associates whenever required. Job Duties & Responsibilities Prepare, review, and retrieve back up documentation for credit ...

Jonluca Neal

Credit Coordinator

Woodbridge, ON · On-site

Additionally, this role will provide administrative support to our finance associates whenever required. Job Duties & Responsibilities * Prepare, review, and retrieve back up documentation for credit ...

Td

National Manager, Credit Solutions Group

Toronto, ON · On-site

CA$96K - CA$136K/yr

The position works in a team environment managing an assigned portfolio of accounts, supported by a Manager, Credit Solutions and a Client Service Associate. * The position is responsible for ...

Kognitive Sales Solutions

Be Seen First

Credit Card Sales Associate

Innisfil, ON · On-site

CA$17.60/hr

Introduce and explain the benefits of our client's credit card * Ask questions to understand customer needs and recommend the right product * Build positive relationships with customers and retail ...

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All JobsAssociate Credit JobsAssociate Credit Jobs in Innisfil, ON

Associate Credit information

What is an associate credit?

Associate Credit professionals are entry- to mid-level employees who work in financial institutions or corporate finance teams, focusing on assessing the creditworthiness of individuals or companies. Their responsibilities often include analyzing financial statements, preparing credit reports, assisting in loan underwriting, and monitoring existing credit portfolios. They play a crucial role in ensuring that lending decisions are based on sound financial analysis and risk assessment. Associate Credit professionals typically work under the supervision of senior credit analysts or managers and may interact with clients to gather necessary financial information.

What is a credit associate?

A credit associate or analyst determines whether or not clients are good candidates for credit cards, loans, or financing options. Credit associate jobs are found in the banking industry and other corporate settings that provide financial services, like vehicle dealerships. Job duties include gathering data about potential clients, analyzing their financial information, and making a recommendation about their credit risk. The qualifications for this career are a bachelor’s degree in accounting or finance, experience in the financial industry, and quantitative analysis skills.

What are the key skills and qualifications needed to thrive as an associate credit?

To thrive as an Associate Credit professional, you need strong analytical skills, attention to detail, and a solid understanding of financial principles, typically backed by a degree in finance, accounting, or a related field. Proficiency with credit analysis tools, financial modeling software, and CRM systems is often required. Excellent communication, problem-solving abilities, and teamwork are essential soft skills for effectively collaborating with clients and internal teams. These competencies ensure accurate credit assessments, risk management, and the building of strong client relationships, all of which are critical for organizational success.

What are some common challenges faced by an associate credit, and how can they be overcome?

Associate Credit professionals often encounter challenges such as analyzing complex financial data, balancing multiple client accounts, and meeting tight deadlines for credit assessments. Effective time management and strong analytical skills are crucial to handle these tasks efficiently. Collaboration with senior credit analysts and other departments, such as sales or risk management, can provide valuable insights and support. Continuous learning about industry regulations and credit risk models also helps in staying updated and improving performance.

What is the difference between Associate Credit vs Credit Analyst?

AspectAssociate CreditCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some roles may require certifications like CFA or CPABachelor's degree in finance, accounting, or related field; certifications like CFA are common but not mandatory
Work EnvironmentTypically in banking or financial institutions, working in teams to assess creditworthinessOften in banks, credit bureaus, or financial firms, analyzing data and preparing reports
Employer & Industry UsageUsed by banks, lending companies, and financial institutions for credit assessmentUsed by banks, credit agencies, and financial firms for evaluating credit risk

Both Associate Credit and Credit Analyst roles involve assessing creditworthiness, requiring similar educational backgrounds and working in financial environments. The main difference lies in job scope: Associate Credit often supports credit decision processes, while Credit Analysts perform detailed credit risk analysis and reporting.

More about Associate Credit jobs

What cities near Innisfil, ON are hiring for Associate Credit jobs?

Cities near Innisfil, ON with the most Associate Credit job openings:

Associate Credit jobs near you

Senior Associate, Credit Fund Operations

ONEX

Toronto, ON

CA$85K - CA$100K/yr

Full-time

Re-posted 19 days ago

Job description

The Opportunity:

Onex is seeking a talented Senior Associate, Fund Operations, Credit to join our Toronto team. In this pivotal role, you'll drive fund accounting, performance reporting, and NAV reconciliation for credit-focused investment vehicles. You'll collaborate with third-party administrators and transfer agents, monthly, quarterly and year-end reporting, and deliver actionable financial insights to senior management and investors. This is an excellent opportunity for fund accountants with expertise in private credit funds, and advanced financial reporting (US GAAP). 

Key Responsibilities:
  • NAV Reporting & Books & Reconciliation:
    Prepare schedules and supporting materials to reconcile monthly NAV and waterfall calculations with administrators. Ensure accuracy of fund books and records across multiple investment vehicles.
  • Performance & Financial Reporting:
    Maintain fund performance metrics (Rate of Return, Internal Rate of Return, Multiple on Invested Capital, Distributions to Paid-In). Assist with quarterly financial statements reviews, statutory filings and audit support.
  • Portfolio Management Review:
    Support trade operations and administrators for credit portfolios reviews, including bank loans, corporate bonds, Asset-Backed Securities (ABS), and Collateralized Loan Obligations (CLOs). Provide accounting guidance and ensure proper accounting for paydowns, Payment-in-Kind (PIK), maturities, restructurings deferred compensation, and cost of carry.
  • Quarterly & Regulatory Reporting:
    Develop workpapers and reporting packages to ensure transparency, regulatory compliance, and risk management (regulatory filings for US SEC reporting) for funds.
  • Capital Activity Support:
    Support and review documentation for capital calls, distributions, and investor notices and investor reporting (capital statements)
  • Technology & Process Improvement:
    Contribute to system enhancements, automation projects, and ad hoc reporting for senior management and investors.
Candidate Profile:
  • Bachelor's degree in Accounting or related field (required)
  • CPA designation (preferred)
  • 5 year of experience in public and private fund accounting, with expertise in credit funds, public equity, transfer agency, or fund administration. Big 4 background with audits of funds preferred.
  • Proven experience with waterfall calculations, derivatives, bank loans, ABS, and CLOs
  • Proficiency in Microsoft Excel; familiarity with fund accounting and trading platforms (Geneva, Broadridge, BMS, WSO, Bloomberg) preferred
  • Strong technical accounting, analytical, communication, and problem-solving skills
  • Ability to manage complex reporting in a dynamic environment 
Additional Information:

The expected base salary range for this position is C$85,000 - C$100,000 on an annualized basis.

All-in compensation may vary based on several factors, such as relative experience, education level attained, certification(s), geographical location, etc. to account for local market conditions.

This position is for a current vacancy.

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About Onex

Sourced by ZipRecruiter

Industry

Clay product and refractory manufacturing

Company size

11 - 50 Employees

Headquarters location

Erie, PA, US

Year founded

1965

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