Credit and Underwriting Manager, Equipment Finance

ATB Financial

OUR BOTTOM LINE IS DIFFERENT. There’s something special about working at ATB, and it’s been recognized on every top employer list that matters. Maybe it’s our exceptional culture where your total wellness is supported through market-leading benefits and you’re free to bring your whole self to work. Maybe it’s our commitment to a growth mindset and our unrelenting thirst for making it possible for fellow Albertans—even the ones who aren’t our clients. Whatever it is, you won’t find a more genuine, driven and knowledgeable group of humans anywhere. We foster a culture of purpose, performance and possibilities. We engage with intense curiosity, and bring our whole selves to work, every day. We know it starts with people like you, so take a chance and start with us. Job Number: REQ5796 Location: Calgary or Edmonton Apply by: March 12, 2023 Paygrade: L-PFS System Title: Credit Manager 7 Positions available: 1 Leader: Director, Credit and Underwriting, Equipment Finance As ATB’s next Credit and Underwriting Manager, Equipment Finance, you are responsible for providing profitable growth and risk management of ATB’s Equipment Finance credit assets through preparation of credit applications, adjudication of credit applications and recommendation of credit applications when above specified limits. You will contribute to the quality growth in the Equipment Finance (EF) loan and lease portfolio through sound credit underwriting and decision making. You will also contribute to the ongoing assessment and evolution of EF policy and strategy, as well as the evolution of EF tools and methodologies used to value equipment and determine appropriate amortization of equipment. You will do this by identifying areas of improvement to the Director, Credit and Underwriting. Accountabilities: Adjudicate credit applications within assigned limits. Adjudicate credit applications underwritten by themselves and applications from sales Directors/Associate Directors. Underwrite credit facilities typically between $500,000 and $2,000,000. Underwrite credit applications, providing coaching, consultation, and advice to the sales team on how to best structure and secure a credit facility. Establish financial structure and required security while adhering to credit policy/procedure with exceptions noted in the application for credit. In general, these underwrites will typically include borrowers with a more complex ownership structure or organizational set up (i.e. a company for operations, a company for holding equipment, a company for holding real estate, companies that provide different services but which operate under a group umbrella, etc.) The EF credit facilities include acquisition of specifically identified equipment, set up of an evergreen credit facility to buy equipment, corporate acquisitions, shareholder buy out, and debt refinancing. Assess needs of the customer with information gathered from the EF Relationship Manager or directly from the client. Interact with and query customers where there are more complex organizational or financing structures. Recognize and/or suggest proper credit structuring across transactions of varying complexity, aligning appropriate loan to value and amortization with the nuances of each equipment type and its depreciation characteristics. Ensure the appropriate pricing and fee structures are applied to the finance structure. Underwrite multiple products: term loan, evergreen facility, and lease. Determine appropriate equipment collateral requirements and establish valuations of the same. Determine the degree of risk within each credit application and structure a market-relevant equipment finance solution. Make sound adjudicating decisions after thorough analysis and careful consideration of all alternatives with a view to enhancing the transaction and meeting the client’s needs. Present soundly underwritten credit applications to the next approving level for credit applications falling above assigned approval limits. As it relates to an approved application for credit, provide advice and clarity to the EF Operations/Documentation team throughout the documentation and funding process. Provide input into the decision making process, as well as future enhancements to products, systems, or processes. Collaborate with the members of the EF team to continuously improve functional processes for the business. Coach and guide EF team members and other parts of ATB (including Business Banking and Credit) in proper EF credit procedures and best-practices. 3 years of banking/financial experience and understanding of credit appetite. 2 years of equipment financing credit preparation and/or adjudication experience. Basic understanding of heavy industrial equipment and related depreciation nuances. Experience dealing directly with customers. Bachelor degree in business/commerce/finance or equivalent experience related to commercial lending/adjudication Good analytical and interpretive skills to accurately analyze financial statements to determine the financial standing / health of various business operations in any number of industries. Strong understanding of borrowing causes and repayment capabilities. At ATB, we know that as you develop in your career, you gain many transferable skills. If you believe your experience and qualities are what we are looking for, please consider applying Interested? If you know one of our team members, BEFORE applying, reach out to them and ask them to refer you to help your application stand out. Online applications are preferred. Please let us know if you require any accommodations. BE GREAT. BE YOU. BELIEVE. We are dedicated to building a workforce reflective of the diversity within our communities and creating an environment where every team member has what they need to reach their potential. We encourage candidates from all equity-seeking groups to apply. What happens next ? Thank you for applying online. If you are shortlisted for this opportunity, you will hear from us after the posting close date regarding next steps. We might ask you to participate in a digital interview or phone interview. If you require any accommodations, please let us know. 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