Associate, Commercial Real Estate Banking - Scotiabank, Calgary

AI Summary

This Associate, Commercial Real Estate Banking role at Scotiabank in Calgary involves managing a portfolio of commercial real estate accounts and contributing to the team's financial objectives. Key duties include providing customized financial solutions to customers and maintaining credit quality within the bank's guidelines. Successful candidates will possess proven commercial credit or real estate lending experience and strong communication skills. Join Scotiabank careers to advance in Canadian banking.

About the Role and Your Contribution

As an Associate within Scotiabank's Commercial Real Estate Banking team in Calgary, you will play a pivotal role in achieving both financial and non-financial objectives. This includes contributing to new loan acceptances, asset, revenue, and deposit growth, as well as new customer acquisition for the bank. You will be instrumental in managing a diverse portfolio of commercial real estate accounts, ensuring that customized and creative financial solutions are provided to satisfy client needs, thereby delivering a consistent customer service experience. Maintaining the credit quality and profitability of these customer relationships is paramount, requiring diligent monitoring of all accounts to ensure the bank’s security position remains robust and all conditions are met. This role is a key part of Scotiabank careers, focusing on high performance and inclusive culture within Canadian banking.

Key Responsibilities and Skillset

A significant aspect of this Associate position involves contributing to the profitable growth of the real estate portfolio. This includes preparing comprehensive credit applications, annual reviews, and client communications that support income property lending for multi-unit residential and commercial properties, along with construction financing to builders and developers. You will perform thorough due diligence, evaluating information to identify major issues and inherent risks critical to sound credit decisions, ensuring material facts are verified. Properly evaluating risk by considering project strengths, proponent experience, cash flow, and asset cover is essential for safeguarding the bank’s assets. Furthermore, you will support business development activities by identifying new business opportunities, assisting with sales calls and site visits, and monitoring customers' needs to cross-sell various Scotiabank services across different departments, including Private Banking and Commercial Banking. Establishing and maintaining effective external contacts is also crucial for building the bank's real estate business.