Associate, Commercial Credit, Commercial Finance Group

Join a Challenger

At EQ, we’re remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We’ve been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What’s kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you’re driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you

We can’t wait to get to know you

The Work

Seeking an Associate, Commercial Finance Group in Montreal or Toronto, preferably bilingual (French/English). The Associate, CFG Credit is responsible for supporting the underwriting team in document fulfillment from receipt of deal through to the funding stages by acting as a liaison between underwriting, origination, funding and partner/borrower. They will ensure compliance with the Company’s established lending guidelines and specific deal requirements. Additional duties are also required including assistance in due diligence prior to funding, reporting and special projects required by senior management. The incumbent will be working closely with the Commercial underwriting team, the Commercial Originations team, Commercial Funders and Administrators, Mortgage Services, Accounting/Finance and other internal departments.

• On a daily basis, the incumbent will assist with the timely and efficient collection of documents for transactions by communicating with internal contacts (i.e. underwriters, originators) and external contacts (i.e. partners, brokers, sponsors) to ensure a deal is ready for underwriting and subsequent funding. The incumbent will scrutinize the files to ensure accurate receipt. The incumbent will also assist underwriters in the preparation of supporting documentation required as part of a credit submission like industry segmentation, aggregate exposure and fintrac (when it does not include down payment verification) (40%).
• On a daily, weekly basis, the incumbent will assist the underwriter with due diligence items such as verifying personal net worth statements, agreements for purchase & sale, commercial leases etc. (20%)
• On a daily basis, the incumbent will attend deal discussion meetings and bi-weekly deal meetings and record accurate and detailed notes on discussions between originations, credit and risk. Notes will include a summary of the discussion, outlining identified risks and clear outcome for each deal discussed. The incumbent is responsible for posting notes onto SharePoint (15%)
• On a daily, weekly, monthly, and quarterly basis the incumbent will be responsible for the preparation of specific reports on assigned categories as well as contributing to special projects required for the department/Company which will be relied upon by Senior Management (15%).
• On a daily basis, the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines (10%).

Let’s Talk About You

• Bachelors’ degree considered an asset
• Have a minimum of 5 years’ commercial mortgage administration experience
• Extensive working knowledge of MS Office (Word, Excel, Outlook, Power Point), Cyber Query and PPlus
• Ability to create ad hoc reports in excel with practical knowledge in importing data for the use in report software, spreadsheets and graphs
• Proven ability to capture and document information thoroughly
• Creatively solve problems and propose solutions with minimal direction.
• Excellent attention to detail.
• Strong problem solving and analytical skills
• Excellent time management and organizational skills
• Ability to handle multiple competing priorities
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner

Job Complexities/Thinking Challenges

The incumbent will be continuously challenged by the high level of information requirements and managing multiple activities, many of which will be time sensitive. The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature, requiring in-depth reviews of documentation. The incumbent will be required to support the entire underwriting team for the afore-mentioned activities, as such will need to be organized and manage their time/priorities well. In addition, the incumbent will support new Company initiatives and understand the impact process changes’ may