Senior Analyst
Senior Analyst
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Job Description
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race color religion national origin age gender identity physical or mental disability sexual orientation and any other category protected by law.
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process.
We are hiring a Senior Analyst Commercial Financing!
Reporting To:
Assistant Vice President Commercial Financing
FullTime/Part Time:
Fulltime
Salary Range:
$63073..00
Posting Date:
February 28 2025
Closing Date:
March 14 2025
Hours of Work:
8:30 a.m. 5:00 p.m.
Grade:
Office Location:
12.2
Vancouver BC
Great location! Steps away from the main public transit station
What we offer:
Highly competitive compensation package which includes base salary bonus benefits and career advancement opportunities!
*Eligibility for benefits is dependent on the terms of employment
The Opportunity
The Senior Analyst contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal insurer and investor policies. The role is specific to CMHC construction and conventional commercial real estate financing requests.
How you will contribute:
- Analyze financial information on commercial properties including rent rolls operating statements and financial/net worth statements to assist management in determining the appropriate loan size terms conditions and pricing
- Review third party reports including appraisal phase I/II environmental reports and engineering reports to determine compliance with investor requirements product lending and guidelines and loan terms and conditions
- Review conditions and exception requests and prepare recommendations to credit/investors. Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptions
- Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
- Coordinate with Funder Investor Legal and other thirdparty consultants to ensure loan conditions are met
- Coordinate with clients and prepare Letters of Interest and Commitment Letters along with managing information flow to ensure smooth loan transactions
- Develop and analyze construction/development proforma as of various multiunit housing type projects
- Monitor ongoing construction loan draws crossreferencing budgets and ensuring applicable undertakings are performed
- Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
- Assist from time to time in preparation for prospect and existing client meetings
- Assist in training and mentorship of other team members
- Perform other duties as necessary to support the goals and objectives of the commercial mortgage division
- Adhere to policies/procedures to ensure AML requirements are met when applicable.
The experience you need:
- Experience in commercial real estate lending is a must
- Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline
- Minimum 5 years experience in a relative commercial real estate role
- Knowledge of applicable real estate lending regulations is a must
- Experience in financial analysis (i.e. balance sheet income statement)
- Organizational skills to manage several ongoing and competing tasks simultaneously
- Strong understanding of legal documentation ownership structures and AML requirements
- Preferred experience in CMHC and/or construction finance development industry private equity cost consulting or accounting with a real estate focus
- Familiarity with principles of property valuation and the construction process
- Advanced PC skills with an emphasis on Word and Excel
- High degree of consistent accuracy and attention to detail
- Able to work with minimum supervision
- Results oriented and highly motivated selfstarter
- Bilingualism (French English) an asset
Working Environment and Physical Demands Analysis:
- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multitasking may include speaking to customers on a telephone call while looking up information on a computer program.
Why join First National
- Competitive Compensation
- Comprehensive benefits program (i.e. Health Spending Account Maternity and Parental Leave Top Up)
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year
The team youll join:
Founded in 1988 First National is one of Canadas largest nonbank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canadas largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
We would like to thank all applications for their interest in this existing vacancy but only candidates selected for an interview will be contacted.
#FNLOBC
Other details
- Job FamilyComm Sales .2
- Pay TypeSalary
Required Experience:
Senior IC
Employment Type
Full-Time
