Credit Analyst, GMF
Please apply by Sunday, March 25, 2018
|Salary band:||$71,900 - $90,700|
|Language:||Bilingual; English and French (required)|
The Green Municipal Fund (GMF) is a $550 million permanent endowment from the Government of Canada to the Federation of Canadian Municipalities (FCM). GMF offers funding and knowledge to local governments and their partners for sustainable municipal infrastructure projects designed to support communities' efforts to improve air, water and soil quality and to protect the climate. Through GMF, municipalities have built better transportation assets; constructed efficient and resilient buildings; diverted waste from landfill; made previously unusable land available for development; and improved soil and water quality.
A key source of enabling funding for local governments, GMF grants are allocated to plans, feasibility studies and pilot projects, while below-market loans, usually in combination with grants, are allocated to capital projects. An efficient and rigorous process ensures that only the best, most innovative projects are approved. GMF has therefore been a test bed for some of the most innovative, cutting edge infrastructure projects in North America.
Reporting in to the Senior Manager, Funding Services, the Credit Analyst contributes to the mandate and long-term financial sustainability of GMF by ensuring that all loan transactions (low, medium & high risk), are appropriately analyzed, structured, mitigated (to the extent possible), negotiated, documented and priced, reflecting the risk profile, views of management, and GMF's risk tolerance in effect at any time. GMF loans are primarily directed towards municipalities but can be with municipal corporations, non-government entities or private sector entities.
- Conducts full transaction risk assessment. Risk assessment includes credit risk, and also the nature, levels and possible mitigants for all other risks of the transaction, including legal, documentation, sponsor, environmental liability, financial structure, technology, funding risk, reputational risk, etc. as relevant.
- Participates on deal teams for complex transactions, providing credit and transaction risk advice and input to deal team members and clients at the business development and application phases as appropriate, and preparing or supporting loan documentation as required (term sheets, loan agreement, etc...).
- Seeks transaction approvals, writes up appropriate credit analyses and summaries (financial), and recommends initial credit rating in accordance with policies in effect.
- Reviews and prepares recommendations regarding all financing documentation for the transactions, highlighting major risks and proposing potential mitigants.
- Assesses nature and extent of security if offered, and sufficiency in mitigating transaction risk profile.
- Recommends key loan parameters including loan pricing and tenor, based on assessment of borrower credit risk, nature of the transaction, and taking into account market pricing benchmarks and GMF pricing policies.
- Liaises with sponsors, applicants/borrowers as part of the negotiating process.
- Liaises with the Senior Manager Risk Management Unit (RMU), to ensure that lending risks are identified, and to obtain concurrence or guidance on transaction risk issues from the Risk Committee.
- Provides assistance and support, as required, to Contract Project Officers in ensuring all applicable conditions precedent to disbursements are met.
- Provides input and content to required authorizations and reports, including authorization templates, Annual report, Quarterly Funding Services Reports and Council Reports.
- Participates in ongoing process improvements by providing input and recommendations for policies, standards, credit practices and procedures to ensure effectiveness, compliance and alignment with current industry trends and best practice.
- Participates in cross-functional team project work for GMF or FCM organization initiatives as required.
Knowledge and Experience:
- Master's degree in Business Administration, Finance or a related discipline; or Bachelor's degree in Business Administration, Finance or a related discipline combined with a professional designation (e.g., CFA) or significant experience in a similar role.
- Extensive working knowledge of financial analysis, due diligence, credit risk mitigation, lending principles/practices, and loan documentation for various kinds of loans including project finance and asset-backed or real-estate lending.
- Minimum 5 years related experience with an emphasis on project risk analysis and corporate lending.
- Knowledge and understanding of complementary financing techniques and instruments (e.g., equity, leasing, real estate finance, etc...).
- Proficient in financial modeling.
- Excellent client service orientation.
- Strong negotiation and influencing skills.
- Private sector financial institution experience is an asset.
- The ability to work in both official languages (English and French) is required.
The successful candidate will also exhibit the following competencies:
- Results Oriented: Committed to achieving results, demonstrating innovation and creativity in overcoming obstacles. Organizes time, work and resources to accomplish objectives in the most effective and efficient way.
- Client Focus: Making client satisfaction a priority and at the center of all decisions. Providing service excellence to internal and external clients.
- Teamwork: Contributing to the development of a team environment where team members ultimately achieve established goals.
- Ethics and Fairness: Treating everyone fairly and equitably and maintaining high ethical standards.
Please apply by Sunday, March 25, 2018