Manager, Mortgage Operations
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Job Location:
Monthly Salary:
Posted on:
3 days ago
Vacancies:
1 Vacancy
Job Summary
Manager Mortgage Operations
Who is MarshallZehr
MarshallZehr Group Inc (MZ) provides customized construction and development financial solutions for high-performing real estate developers. Since 2008 MarshallZehr has grown to become one of Canadas most trusted real estate capital partners. We add value beyond capital our teams decades of experience help deliver the strategic insight and vision necessary to craft tailored financial solutions all backed by our industry recognized mortgage administration services.
The Opportunity
We are looking for a Manager Mortgage Operations to support MZs Mortgage Operations group and the day to day management of MZs loan portfolio. The Manager will be responsible for updating MZs cashflow forecasting tools assisting in the completion of project loan advances review and tracking of mortgage discharges lender correspondence and supporting with compliance management. This position is a replacement vacancy.
The Role
Project Evaluation and Underwriting
- Obtaining and evaluating Borrower project specific financing information (i.e. budget anticipated cashflows valuations Borrower credit status capital structure security sales market cost comparables overall risk profile etc.) with sophisticated financial models/databases for prospective project/financing opportunities. This also includes providing in-depth research materials to support market conditions and potential legislative/regulatory changes impacting potential or existing projects.
- Evaluating and verifying project analysis provided by the analyst team for presentation and recommendation to Senior Management.
- Communicate with the Borrower and Lender stakeholders/clients to outline project strengths and weakness and respond to questions as necessary.
- Review loan documents.
- Aid in the execution of the financing transaction closings as required.
Project Monitoring/Loan Compliance
- Lead the progress funding function by working with the Borrower and Cost Consultants to complete progress advances of development/construction loans.
- Assist team in ongoing monitoring of project performance against loan agreements budget timelines and key metrics.
- Assist in the development and maintenance processes to identify or forecast potential issues highlight and solve these concerns with the Business Development and Senior Management teams.
- Continue to evaluate options which would create value for either the Borrower or Lender through reduced costs or improved risk mitigation.
Reporting
- Provide regular project reporting re. anticipated transaction closings and fundings and repayments stage of completion loan compliance and other analysis as required for the purpose of forecasting Treasury requirements.
- Assemble due diligence materials and professional marketing materials for presentation to prospective Lender clients.
- Assist with Accounting and Financial Reporting for the MarshallZehr related entities as required.
What Are We Looking For
- Excellent oral and written communication skills with the ability to effectively communicate across all levels within as well as outside the organization
- Strong analytical skills including proficiency in Excel modelling
- Excellent time management skills
- Post Secondary Degree in the following is an asset:
- Commerce/Finance/Economics
- Business Administration
- Urban Planning & Development
- Will be required to obtain mortgage agent license with FSRA (paid for by MarshallZehr)
- Experience in Commercial Lending Asset Management Real Estate Development Underwriting or Cost Consulting/Project Monitoring an asset
- Valid G2/G drivers license
What MZ Offers
- Opportunities for career development and advancement as the organization grows.
- Employer paid benefits including medical dental and a health care spending account.
- RRSP matching program.
- Paid vacation and company floater holidays.
- Creative Social Committee that organizes regular team building events.
- Free on-site parking.
Work Environment
- MZ offices are open Monday to Friday and employees are expected to work on site a minimum of 4 days per week with the option of working remotely 1 day per week as agreed to by the direct supervisor.
- Our Waterloo office has 16000 square feet of modern and accessible space and has been specially updated and tailored to meet our business needs. The result is a world-class workspace that empowers deep collaboration reinforces business operations with state-of-the-art technology infrastructure and offers more space to enable our sustained team expansion. We also have a satellite office in downtown Toronto available for business meetings.
Salary Range
$100000-$120000 annually based on experience and education with bonus incentive.
AI may be used during MZs hiring process to screen assess or select applicants.
Accommodations are available during all stages of the recruitment process in accordance with the Human Rights Code and the Accessibility for Ontarians with Disabilities Act (AODA) to provide an inclusive barrier free workplace. We will accommodate the accessibility needs of individuals with disabilities to support participation in all aspects of the recruitment process. Should you require this accommodation please contact
Required Experience:
Manager
Key Skills
- Loan Origination
- Sales Experience
- Microsoft Office
- Financial Services
- Customer Service
- Organizational skills
- Communication skills
- Military Experience
- Fair Housing Regulations
- Inside Sales
- Outside Sales
- Word Processing
About Company
MarshallZehr are real estate capital partners, working with leading regional developers to build a better Canada.
