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Senior Credit Analyst in Toronto, ON

Senior Credit Analyst Job Description

A Senior Credit Analyst is responsible for conducting in-depth financial analysis and risk assessment to evaluate the creditworthiness of individuals or corporations. This role involves analyzing financial statements, market data, and industry trends to determine credit risk and recommend appropriate credit limits or loan structures. The Senior Credit Analyst handles complex cases, prepares detailed credit reports, and often guides junior analysts. This position demands strong analytical skills, meticulous attention to detail, and a solid understanding of financial modeling and risk management principles. A Bachelor's Degree in Finance, Accounting, Economics, or Business Administration is essential, with a Chartered Financial Analyst (CFA) or other relevant financial designation often preferred. A strong understanding of Canadian credit markets and regulatory guidelines is crucial.

Typical senior credit analyst duties:

Conduct comprehensive financial analysis, including cash flow, liquidity, and profitability.Evaluate credit applications and prepare detailed credit reports with recommendations.Assess industry trends, economic conditions, and their impact on credit risk.Monitor existing credit portfolios for changes in risk profiles and ensure compliance with covenants.Collaborate with sales, lending, and risk management teams to structure credit facilities.Prepare credit presentations for review by senior management or credit committees.May mentor or provide guidance to junior credit analysts.Stay current with Canadian credit laws and industry best practices.

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Salary for Senior Credit Analyst in Toronto, ON
81876 - 125421
Low
81876
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
94913
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
125421
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Managing Director 170791 198952 234414 VP of Banking and Financial Markets 158797 183829 215901 Portfolio Manager 125942 153582 186958 Banking and Financial Markets Associate 95435 108994 127246 Banking and Financial Markets Analyst 86308 96738 113426 Credit Analyst 67795 80572 102214 Junior Credit Analyst 54497 68056 82397 Commercial Lender 77443 91784 104039

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.