Commercial Mortgage Analyst, CMHC
Commercial Mortgage Analyst, CMHC
Posted on :
17-07-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned 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 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
As part of a growing and dynamic commercial team the Commercial Mortgage Analyst is responsible for underwriting annual reviews for CMHC-insured commercial mortgages. The Underwriter must adhere to established policies and underwriting standards meeting compliance and control requirements while finding creative solutions in a timely manner in order to achieve service goals as well as annual target volumes. Additional credit-related and administrative duties are also required such as reporting and pipeline management as well as networking with external business partners along with various staff within the Commercial department & other internal departments.
The core parts of your role would be to:
- 70% On a daily basis the incumbent will analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio. This will include the initial migration of existing loans to a new underwriting platform. Attention must be made to ensure compliance with the companys established lending guidelines and procedures. The incumbent will submit prepare an annual review submission for approval by management.
- 20% On a daily basis the incumbent will communicate with external contacts (origination partners) and internal contacts (managers administrators and other commercial mortgage staff) to ensure that annual reviews are processed in a timely and efficient manner.
- 10% On a daily basis the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines.
Lets Talk About You!
- Bilingualism is an asset
- Minimum 2 years commercial mortgage experience and/or SFR underwriting experience
- Demonstrated service excellence within their field
- Post-secondary education (diploma/degree) preferred preferably in business or finance
- Good working knowledge of MS Office (primarily Word and Excel)
- Effective analytical and problem solving skills
- Established organizational skills
- Ability to handle multiple competing priorities
- Good time management skills
- Excellent communication skills both oral and written
Job Complexities/Thinking Challenges
- The position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible. Commercial mortgage reviews can be complex in nature requiring creative and innovative thinking and proactive problem solving. The incumbent is required to follow corporate policies procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. In some cases viability is assessed with limited access to information or documentation.
#LI-Hybrid
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up 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
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
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 barrier-free 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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