Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate. IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario. Position Summary: The Credit Risk Specialist is responsible for conducting independent financial analysis, credit risk assessments, and portfolio monitoring activities that support Infrastructure Ontario's commercial lending program. The role contributes to prudent lending decisions through the evaluation of borrower financial information, project risks, loan structures, covenant compliance, and repayment capacity. The position prepares credit analysis, credit memorandums, portfolio reviews, and risk reporting materials while supporting governance, policy implementation, and continuous improvement initiatives. Working closely with internal stakeholders, the role helps ensure the consistent application of sound credit risk management practices across the lending portfolio. What You Will Do: Conduct financial analysis and credit assessments for new loan applications, annual reviews, amendments, waivers, and other credit requests. Assess borrower financial statements, cash flows, repayment capacity, business plans, and project risks to support credit adjudication activities. Prepare financial models, credit memorandums, and risk-based recommendations that support informed lending decisions. Monitor borrower performance, covenant compliance, and portfolio risk indicators to identify emerging risks and recommend appropriate actions. Prepare annual reviews, portfolio monitoring reports, sector analysis, and credit risk reporting for management and governance purposes. Research economic, market, and industry trends affecting borrowers and lending sectors. Support the enhancement of credit policies, procedures, methodologies, templates, and analytical tools. Collaborate with Lending, Legal, Treasury, Finance, and Loan Operations teams to support effective risk management and portfolio oversight. Who You Are: Knowledge of commercial lending principles, credit adjudication practices, and credit risk management methodologies. Strong financial analysis capabilities, including financial statement analysis, cash flow analysis, ratio analysis, and risk assessment. Ability to evaluate complex financial, operational, and business risks and develop well-supported recommendations. Understanding of loan structures, covenant monitoring, portfolio management, and risk mitigation techniques. Strong written communication skills with the ability to prepare clear, concise, and well-organized analytical reports and credit memorandums. Exceptional attention to detail combined with sound judgment and critical thinking skills. Ability to manage multiple priorities while maintaining accuracy in a fast-paced environment. Knowledge of infrastructure finance, municipalities, commercial real estate, healthcare, affordable housing, energy, or project-based financing sectors would be considered an asset. What We Offer: Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve. A Defined Contribution Pension Plan, with Infrastructure Ontario contributing the equivalent of 5% of a full-time employee’s annual salary and will also match any employee contribution up to an additional 5% of their annual salary. To provide further options for planning and saving for the future, IO offers a Group Retirement Savings Plan and Group Tax Free Savings Account to eligible employees. A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more. A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks. Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for gym memberships and fitness equipment, nutrition counselling or financial planning. Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee’s role. Access to a suite of virtual healthcare options to support non-urgent medical needs A convenient, central location at 1 Dundas St West, easily accessible by public transit. We offer a competitive hiring range of $100,700 to $111,300 (P4 level), pay will align with skills, knowledge and experience of the candidate. This posting will close on August 17, 2026 at 11:59 pm. Interviews will occur on a rolling basis until the role is filled. After reviewing the qualifications listed above, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role. At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength. We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team. Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position. At Infrastructure Ontario, we use AI in our applicant tracking system to improve the efficiency and fairness of recruitment. Your application will be reviewed by both AI and our hiring team for a thorough evaluation. Please note that final hiring decisions are made solely by our experienced hiring team.