Associate Director Credit Risk
7 days ago
Our client is a real estate asset manager investing in debt, equity, and public securities on behalf of its account, LP, and institutional investors. They are a commercial real estate capital provider with mortgage investments across all real estate asset classes in Canada and an AUM of over 5 billion and growing Their opportunistic equity platform focuses on investments in ground-up and value-added projects in Canada and the United States.
Our client seeks an Associate Director of Credit Risk to support the credit risk and underwriting functions. Reporting to the Director, the ideal candidate would be well-versed in complex deal structuring, annual review oversight, financial auditing, and investor relations.
Responsibilities
- Supervise a team of 4-6 analyst underwriters, providing performance feedback, mentoring, and skill development
- Contribute to the organization's strategic direction by developing and implementing Risk Management strategies, policies, and procedures
- Review commitment letters, credit presentations, and funding checklists for accuracy and compliance
- Participate in credit committee discussions to ensure effective risk identification and mitigation
- Ensure policies and procedures align with CMHC requirements and updates, including changes to the Lender's Handbook
- Provide feedback to Origination and Analyst teams on evolving credit requirements and common themes
- Conduct due diligence on complex loan applications, analyzing borrower profiles, financial data, and asset value
- Interact with clients and perform site visits to support thorough underwriting and funding processes
- Ability to manage a high volume of deal flow with a low error rate
- Stay informed about market trends and commercial mortgage developments
- Network within the industry through meetings, events, and involvement in real estate organizations
Qualifications
- University Degree in Business Administration or related field preferred
- 4+ years of experience in mortgages, specifically in commercial underwriting
- CMHC-insured lending experience preferred
- Great attention to detail
- Advanced proficiency in Microsoft Office (Word, PowerPoint, Excel)
- Capable of working autonomously with minimal supervision
- Excellent verbal and written communication abilities in English
- Understanding policies ensures operations and procedures are aligned with internal investors and CMHC processes and policies
- Self-motivated with a strong work ethic and leadership skills
- Demonstrated success in achieving results through innovation and critical thinking
Why Join Their Team?
- Medical Benefits
- Dental Coverage
- Long-Term Disability
- Therapy/Counselling
- Health and Wellness Spending Account
- RRSP Employee Matching
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