Commercial Mortgage Underwriter, Portfolio Management, CMHC
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
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 CMHC Portfolio Management team the Commercial Mortgage Underwriteris responsible forunderwriting renewals assumptions and ad-hocpertaining toall CMHC-insured commercial mortgages. The Underwriter must adhere toestablishedpolicies and underwriting standards meetingcomplianceand control requirements while finding creative solutionsin a timely mannerto achieve service goals as well as annual target -related and administrative duties are alsorequiredsuch as reporting and pipeline management as well as networking with our partners along with various staff within the Commercial department & other internal departments.
The core parts of your role would be to:
- On a daily basis the incumbent will strive to provide superior customer service with respect to our partners and building a strong relationship.
- On a daily basis the incumbent will ensure renewals assumptions and ad-hoc requests are completed quickly efficiently and accurately.
- On a daily basis the incumbentis responsible forensuring that credit risk is within approved guidelines. Credit documentation shall be thoroughly assessedin accordance withestablished policies and underwriting procedures with recommendationssubmittedin compliance with the Banks delegated authority limits.
- On a daily basis the incumbentis responsible fortime management of their deal flowin order tomeet prescribed deadlines
- On a weekly monthly and/or quarterly basis the incumbent willbe responsible forthe preparation and management of various reports e.g. Maturity Reporting asrequiredfor the department/Company which will be relied upon by Senior Management.
- On a daily basis the incumbent willbe responsible forcontributing to special projects as assigned from time to time
Lets Talk About You!
- Post-secondary education preferable in business or finance
- Bilingualism (French/English) is considered an asset.
- Proficient underwriting skills with a minimum 2-4 years commercial mortgage experience.
- Sound technical knowledge of commercial real estate underwriting financial statement analysis and factors affecting the commercial mortgage market.
- Good working knowledge of MS Office (primarily Word and Excel)
- Effective analytical and problem-solving skills
- Strong organizational and time management skills
- Ability to handle multiple competing priorities
- Demonstrated ability to work independently to achieve goals
- Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear concise and professional manner.
Job Complexities/Thinking Challenges
- The position requires an individual to be a self-starter with the ability to make sound underwriting decisions as efficiently as possible. The incumbent shallpossessstrong cognitive skills professional judgement and the ability to work independently with minimal supervision to properlyidentifyand mitigate risks associated with individual loan. The incumbentis required tofollow corporate policies procedures and regulatory requirements to work through files and rationalize the recommendations or decisions made. Existing accounts are unique in nature and fulsome information is not always available. As such the incumbent must be comfortable making recommendations based on incomplete information
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 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!
Key Skills
- Loan Processing
- Time Management
- Microsoft Office
- Credit Analysis
- Fraud
- Math
- Risk Analysis
- Banking
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Data Analysis Skills
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
