Associate, Warehouse, Commercial Real Estate Finance

Requisition ID: 279419

Salary Range: 165,000.00 - 195,000.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Title: Associate, CRE Warehouse - New York, NY

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Overview

The Associate is a member of the Warehouse Finance team within Commercial Real Estate Finance (CREF). CREF provides secured debt financing solutions to public corporations, private equity sponsors, REITs, real estate credit funds, and institutional asset managers. This role supports the origination, structuring, underwriting, execution, and ongoing management of commercial real estate warehouse lending facilities and other asset-backed financing transactions.

The position will work closely with Capital Markets, Credit Risk Management, Loan Transaction Management, Securitization, Legal, Asset Management, and other internal stakeholders to deliver financing solutions while ensuring adherence to the Bank’s risk appetite, policies, and regulatory requirements.

What You’ll Do:

- Support a customer-focused culture across the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge. Acts as an ambassador of the Bank’s values.

- Support the origination, structuring, and execution of commercial real estate warehouse financing facilities, including building cash flow models, performing collateral and sponsor analysis, and reviewing term sheets and legal documentation.

- Ensure all transactions adhere to the Bank’s credit policies, risk profile, and regulatory requirements, and support the credit approval process through closing.

- Underwrite underlying collateral, including review of appraisals, third-party reports, and business plans; run sensitivity and stress analysis on leverage, debt yield, and DSCR; and prepare credit approval materials and committee memos.

- Manage day-to-day transaction execution from initial screening through closing and funding, coordinating with clients, counsel, and internal teams.

- Monitor portfolio performance, including monthly collateral tapes, covenant compliance, lender consent requests, and risk ratings; flag and help mitigate credit, collateral, operational, and market risks.

- Support REGAL Corporate Banking and other business units on client coverage, business development initiatives, and cross-sell opportunities across the commercial real estate sector.

- Contribute to a collaborative team environment and help train and support Analysts.

- Perform responsibilities in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, ensuring adherence to day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

What You’ll Bring

- 2–5 years of experience in CRE underwriting, financing, and/or structuring; warehouse or asset-backed lending experience a plus

- BA/BS degree in finance, economics, real estate, or related discipline preferred

- Strong financial modeling and Excel skills

- Strong valuation, analytical, and problem-solving skills

- Strong attention to detail and ability to manage multiple transactions at once

- Excellent interpersonal, communication, and presentation skills

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): United States : New York : New York City

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.