Underwriter, Commercial Real Estate

Our Story & Purpose:

Were Vancity a member-owned credit union built on the principles of inclusion and social justice. Since 1946 our relentless commitment to these values has helped us challenge the status quo and break down barriers. Weve made bold commitments to become net-zero by 2040 across all mortgages and loans and were actively pursuing strategies in Indigenous banking and financial resilience for our members.

Vancity Community Investment Bank (VCIB) is an Ontario-based subsidiary of Vancouver City Savings Credit Union (Vancity). As Canadas first values-driven bank VCIB provides financing solutions to help purpose-driven businesses and organizations create grow and foster change. At VCIB we embrace your strengths and your ambitions so you feel empowered at work. We need talented passionate professionals who are dedicated to using finance as a force for good and doing whats right for our clients.

Your Role in Supporting Our Members:

As an Underwriter Commercial Real Estate you will play a critical role supporting the growth and management of a portfolio of loans to values aligned businesses and social purpose real estate projects including (but not limited to) term and construction financing for market rental housing affordable housing green buildings and community spaces. Youll join a small diverse team of entrepreneurial purpose-driven individuals and contribute your expertise in credit underwriting and portfolio management with a specialized lens on real estate finance.

This is a Full-time Permanent role based at the Vancity Community Investment Bank head office location and your Ontario based home office and will report directly to the Senior Manager Commercial Real Estate. While this position provides a hybrid work arrangement you will be expected to be on-site for events and business demands

How Youll Make an Impact:

• Completing underwriting analysis of commercial mortgage transactions for term and construction facilities
• Assessing suitability reviewing risks and completing due diligence requirements on transactions in accordance with risk appetite
• Preparing and issuing commitment letters amendments renewals and other client-facing documents
• Maintaining consistent objective and sound risk assessments in a service-oriented environment
• Providing guidance and decision-making support to origination teams to solve problems
• Collaborating with colleagues across teams to improve underwriting systems and maximize effectiveness
• Completing loan renewals and annual reviews for social purpose real estate and climate finance
• Supporting adherence to commercial credit policy standards and guidelines
  
  

What Youll Bring to the Team:

• Bachelors degree and/or Masters degree in business economics finance or related field
• Minimum of 5 years of real estate financing or related experience
• Knowledge of the Ontario commercial real estate market and interest in advancing social purpose and sustainable real estate
• Experience in commercial credit underwriting with strong business and financial analytical skills
• Strong written communication skills
• Business banking CMHC financing and project finance experience an asset

Youll Thrive Here If You Are:

• Analytical You enjoy solving complex problems and making sound decisions
• Collaborative You work effectively with colleagues and build strong relationships
• Adaptable You thrive in a fast-paced changing environment
• Resourceful You leverage available resources to develop solutions independently
• Purpose-driven You are passionate about advancing social and sustainable real estate

We value lived experience so if you are interested in this role we encourage you to apply even if you feel your skills dont perfectly align with those listed.

Why Youll Love Working Here:

A career at Vancity is more than just a job youre joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Living Wage Employer: Were the largest private-sector Living Wage Employer in Canada and consistently ranked among Canadas Top Employers.
• Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
• Generous Vacation: New employees start with 3-4 weeks of vacation per year with additional days earned over time.
• Extra Stat Holidays: In addition to BCs 11 statutory holidays we offer 2 extra days plus care days for personal or family illness.
• Immediate Health Coverage: Health and dental benefits begin on your hire date with three levels of coverage to choose from.
• Defined Benefit Pension: Our retirement plan provides a guaranteed income for life recognizing that retirement looks different for everyone.

Vancity Talent Programs:

Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous Black or Trans. With special permission from the BC Human Rights Commissioner this initiative provides access to career development opportunities prioritized job screening and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative in line with the BC Personal Information Protection Act (PIPA). For details please see our dedicated Talent Programs job posting.

At Vancity were committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent understand and respond to our community needs and deliver on our member experience.

We are also committed to an inclusive barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage) we encourage you to let us know by contacting our Talent Acquisition team at Were here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality so you can participate fully in the process.