Credit Risk Assessment Analyst Jobs in Toronto, ON

Credit Risk Analyst

We are Building Our Talent Pipeline!

REV Capital is seeking a Credit Risk Analyst to play a pivotal role in maintaining the financial stability and growth of our organization through meticulous credit assessment and risk management practices. The Credit Risk Analyst will report to the Director of Credit and Underwriting and collaborate with cross-functional teams.

About REV Capital:

Cash flow restrictions are a universal challenge for B2B business owners.AtREV Capital, the leading North American provider of full-service factoring, we help our clients bridge that gap and grow sustainably.

How does invoice factoring work?

A business sells its unpaid invoices to a third-party company (known as a 'factor') at a discounted rate, receiving up to 98% of their invoice value immediately. The factor then handles collections and underwriting, so the business owner no longer needs to worry about net terms or chasing payments from their customers.

The result? Business owners can reinvest time and cashflow into their operations, helping them grow, stay competitive, and become industry leaders.

Want to learn more about the value of factoring? Here's a practicalbreakdownby Loren, our CEO.

Our team at REV is passionate about helping others. We embrace diversity and inclusivity, offering a flexible environment where professional and personal growth happens - just like with the hundreds of clients we support daily.

Ready to make an impact?Let's explore the difference you can make on our team!

Responsibilities:

• Evaluate and analyze financial statements, credit reports, and other pertinent information to assess the risk of complex accounts.
• Conduct in-depth assessments of clients' creditworthiness and financial stability.
• Ensure all underwriting activities comply with PPSA and UCC regulations.
• Draft, review, and prepare financing statements, and other relevant documents under PPSA and UCC guidelines.
• Underwrite and review new client applications to establish their acceptability as investments for the Company; Negotiate the terms and conditions with the client while ensuring adherence to REV Capital policies and guidelines.
• Evaluate portfolios nearing maturity to determine their continued suitability as investments for the Company.
• Prepare and submit renewal applications for approval; Negotiate repayment or revised terms and conditions for portfolios deemed unacceptable.
• Review cost consultant reports and prepare funding requests
• Underwrite new and renewal business submissions ensuring proper risk selection, endorsements and pricing while adhering to underwriting authority.
• Independently establish and maintain effective relationships with brokers and generate opportunities.
• Attend and actively engage in client meetings, come prepared with well researched questions and communicate effectively with the client.
• Generate detailed reports on underwriting activities, risk assessments, and portfolio performance for senior management.
• Collaborate with the Sales team to understand client needs and offer tailored underwriting solutions.
• Work closely with Legal and Compliance teams to ensure all processes adhere to regulatory standards.
• Assist in the development of long and short-term underwriting strategic plans and executes on those objectives.
• Perform file audits of individual risks for compliance with company guidelines and conditions.
• Stay informed and up to date on any changes, trends, news, and legal developments.
• Assist with ad hoc requests as needed.

Qualifications:

• Bachelor's degree in finance, Economics, Business Administration, or a related field.
• 4-7 years of B2B credit underwriting or credit risk experience, preferably in financial services, factoring, commercial lending, or a related industry.
• Strong experience analyzing financial statements, credit reports, and other financial information to assess creditworthiness and risk.
• Experience using commercial credit reporting agencies such as D&B and Equifax.
• Strong understanding of credit analysis, underwriting principles, and risk assessment methodologies.
• Experience underwriting new and renewal B2B business, including evaluating risk and recommending appropriate terms and conditions.
• Knowledge of PPSA and UCC regulations is an asset.
• Strong analytical, quantitative, communication, negotiation, and decision-making skills, with the ability to communicate effectively with clients and internal stakeholders.
• Proficiency in Microsoft Office, particularly Excel, and the ability to work independently in a fast-paced, dynamic environment.
• Nice to have: Experience in factoring, transportation, fraud analysis, or asset-based lending.
  What We Offer:
  
• Competitive compensation of $70,000-$90,000
• Employer matching RRSP - DPSP program
• Flexible work schedule
• Growth and development opportunities
• Excellent extended medical, dental, and vision benefits plan that is 100% employer paid

Let your journey at REV Capital begin!