Credit Risk Specialist - 12 month contract

IO’s Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency’s finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $19 billion in local infrastructure development, and IO’s Information Technology and Business Services, providing tools and systems to ensure secure, effective, and efficient operations.

Reporting to the VP, Credit Risk Management, the Credit Risk Specialist will contribute to the maintenance of a low credit risk profile throughout the loan portfolio, achieved principally through adherence to the functions and responsibilities as recited below.     

• Review loan applications for new loans, annual reviews and amendments to existing loans, fulfilling the role of a second line of defense against credit risk

• Conduct a thorough analysis of loan applications prepared by the underwriting team 
• Analyze the financial performance of borrowers and industry conditions, develop credit applications, ensuring compliance with internal regulations.  
• Document credit application review through the completion of detailed and concise memorandums to the Vice President Credit Risk 
• Work with colleagues in loan underwriting, loan operations and legal department throughout the due diligence process 
• Ensure that authorization details are reported to legal department and duly incorporated in the Financing Agreement 

• Perform credit portfolio monitoring and reporting including recording of covenant compliance and document management

• Measure and record borrower compliance to financial loan covenants for outstanding loans on an ongoing basis 
• Contribute to the preparation of loan portfolio monitoring reports 
• Responsible for document management to support credit reviews and reporting of credit risks 

• A few years experience in credit risk, underwriting and/or financial analysis, ideally including commercial real estate and/or infrastructure project financing 
• Demonstrated business acumen with experience working with clients and stakeholders 
• Knowledge and experience with lending practices of municipalities, the energy sector, assisted living, long term care or social housing sectors is an asset 
•  Strong credit and analytical skills with ability to critically assess financial statements and other client reports and draw reasoned conclusions  
• Excellent verbal and written communication skills  
• Ability to work independently and collaborate with others to accomplish goals. 
• Excellent analytical and research skills to organize and draw conclusions from complex, ambiguous and often fragmented information. 
• Able to present complex concepts in a clear, cogent and intelligible manner, both by way of written reports and verbal presentations.  
• Able to manage engagements with underwriting colleagues in a cordial, tactical and productive manner. 
• Proficient in the Microsoft Office suite of products. 

• Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
• A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
• A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
• Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and license fees per year for eligible colleagues if directly related to the employee’s role.
• Access to a suite of virtual healthcare options to support non-urgent medical needs
• A convenient, central location at 1 Dundas St West, easily accessible by public transit.

This posting will close February 2nd 2024.

Interviews will be conducted on a rolling basis until the position is filled. 

The hiring range for this position is $79,000 -$113,00 with a corresponding job level of P4

At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength. We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.

Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position.

By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data. 

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