Overview
Senior Relationship Manager, Equipment Finance Saskatchewan Jobs in Saskatoon, Canada at Scotiabank
Requisition
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The SRM Scotia Leasing, is responsible for the marketing and sales of all Scotia Leasing’s products on a direct basis to our Commercial Banking clients and prospects. The focus of sales efforts will be on equipment finance and lease transactions from $100,000 to $5million for Small Business Banking, mid-market commercial, large corporate, institutions and government.
Responsible for negotiating and structuring directly with the client to ensure equipment finance or lease structure meets client’s financing, accounting and taxation requirements. Work closely with CRM / CSM to ensure lease structure is properly advised in credit submissions. Also responsible for recommending pricing, preparing proposals and input to credits, high level review of financial statements to ensure client will meet Bank’s credit criteria, as well as assisting with lease documentation preparation and accuracy.
The SRM is also responsible for influencing the Commercial Bank’s sales and credit teams, as well as Small Business Banking to sell Scotia Leasing’s products to their clients and prospects. This includes regular visits to Commercial Centres & Branches, presentations, joint cold calling and customer calls, and a deep understanding of the Commercial Banking portfolio in your territory, local industry and the local and national economic environment.
Reporting Relationships
Reports to:
Director & Group Lead Western Canada
Key Accountabilities:
1. Acquires profitable good quality and profitable equipment finance and lease transactions for Scotia Leasing by ;
a) Identifying likely prospects and implementing an aggressive calling program within the assigned area. .
b) Maintains an aggressive calling program within an assigned marketing area. Maintains close contact with CRMs / CSMs, their clients and prospects. Maintain regular contact with Commercial Banking clients who acquire larger, regular amounts of equipment ensuring Scotia Leasing is given every opportunity to quote on client’s equipment finance and lease requirements.
c) Influencing and providing technical expertise to Branches and Commercial Banking Centres to assist in the identification of potential Scotia Leasing customers who are then referred to the Marketing Manager.
d) Negotiate equipment finance / leases ensuring the structure addresses all accounting, legal, and taxation issues, as well as addressing all risks and requirements associated with different equipment / transactions from a credit, insurance and taxation perspective.
e) Pricing for transactions up to $2MM are to be guided by Scotia Leasing pricing policy. Above $2MM clearly and concisely recommend pricing to Director based on minimum ROEE, spread, term and purchase options found within Scotia Leasing pricing policy.
f) Actively manage and effectively follow-up proposals to clients, outstanding lease lines, and future large equipment acquisitions of clients and prospects to ensure a high close ratio.
g) Prospects to Scotiabank / Scotia Leasing, obtain and analyze financial information to ensure minimum financial criteria is met to bring opportunity forward to CRM / CSM to provide lease proposal and possibly to formal credit request. If an opportunity does not seem viable from either a financial or structuring perspective obtains one level up concurrence of decline from Director or CRM / CSM.
g) Maintain close contact with Director of Credit Solutions, VP Credit Solutions, and credit adjudicators at GRM / CCC to provide technical expertise regarding the risks involved with equipment finance / lease structures.
h) Participate and provide technical expertise of required documentation, ensuring accuracy as it pertains to the structure, insurance, security and equipment financed. Responsible to vet lease documents prepared by Scotia Leasing staff prior to obtaining client signatures.
2.
Influence and assist Commercial Banking Centres & Branches to identify and acquire good quality profitable equipment finance / leases;
a) Maintain regular weekly contact with Directors, Group Leads, CRM / CSM…
Title: Senior Relationship Manager, Equipment Finance Saskatchewan
Company: Scotiabank
Location: Saskatoon, Canada
Category:
