Commercial Analyst BES Originations
Commercial Analyst BES Originations
Posted on :
27-04-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.
We are a big (and growing! family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks whollyowned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Commercial Analyst provides exceptional sales and service support to the Commercial Account Management team. This role is accountable for supporting the Business Enterprise Solutions origination team in the preparation and fulfillment of Equitable Bank commercial mortgage products between $500000 and $5000000. In this role the Commercial Analyst must be knowledgeable about Equitable Banks commercial mortgage products and processes while having a good understanding of all underwriting risk and compliance (and funding) guidelines. This role will support the Commercial Account Managers.
Sales and Service Support 70
- Process transactions accurately and within specified timeframes in accordance with company policies & procedures and applicable legislative/regulatory requirements.
- Assess deal packages and make recommendations on potential deal structures or issues on deals to the Account Managers and credit teams.
- Communicate effectively with the commercial mortgage coordinator and underwriting team to ensure that the department operates efficiently.
- Attention to detail is imperative in supporting the Account Managers: Support tasks include; CIF and real state searches ROE calculations analyses of small commercial transactions including Debt Service calculations BDSR and TDSR preparation of Letters of Intent and Loan Summaries.
- Provide friendly courteous knowledgeable and professional customer service to brokers partners and direct clients following up on documentation identifying opportunities and initiating qualified leads.
- Identify and advise the Commercial Account Managers of any potential credit risk issues.
- Carry out other role related delegated tasks as identified by the Commercial Account Managers.
Operational Effectiveness 30
- Understand and adhere to regulatory and compliance requirements including but not limited to AntiMoney Laundering and Finance Reporting requirements company policies and procedures legal and ethical requirements process requirements and established risk guidelines.
- Recommend workflow and administrative process alternatives to improve efficiencies and customer service.
- Organize and prepare files for submission to credit/underwriting addressing all issues/concerns associated with each loan transaction.
- Support the Commercial Account Managers in their absence by answering questions gathering information and addressing concerns as they arise through the underwriting or funding process while escalating issues as appropriate.
- Manage the pipeline to ensure transactions are processed in a timely and efficient manner to deliver superior service to brokers partners and direct clients.
- Work closely with the Commercial Account Managers in acquiring and retaining profitable broker relationships.
- Participate in brokerage industry and company events (sales presentations lender appreciation programs holiday and special occasion programs) as required to promote Equitable Bank and our products.
Lets Talk About You!
- Minimum 2 years underwriting/credit background commercial credit experience preferred.
- Selfdirected and highly organized individual who can multitask.
- Strong organizational skills.
- Exceptional customer service skills and attitude.
- Strong communication skills.
- Outstanding interpersonal skills.
- Understanding of commercial mortgage products and documentation.
- Strong excel skills would be beneficial.
- Undergraduate degree preferred or related experience.
What we offer For fulltime permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental topup while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrierfree recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
IC
Employment Type
Full-Time
Key Skills
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