Senior Commercial Mortgage Analyst, CMHC
4 weeks ago
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing) family. Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform (eqbank.ca ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.
The Work
The Senior Commercial Mortgage Analyst will be a key member of the CMHC Portfolio Management team, reporting to the Manager, CMHC Annual Review. The incumbent is responsible for underwriting complex annual reviews, training, and guiding team members while finding creative solutions promptly to achieve the annual review target. Key responsibilities include ensuring credit risk is assessed thoroughly, adhering to established policies, procedures, and meeting compliance and control requirements. Additional credit-related and administrative duties are required, such as reporting, pipeline management, as well as managing relationships with external business partners and various staff within the Commercial Department & other internal departments.
Core Responsibilities Of The Role:- On a daily basis, the incumbent will analyze and underwrite complex annual reviews, to meet prescribed deadlines. Attention must be made to ensure that compliance with the Bank’s established lending guidelines, risk appetite, and procedures are followed with recommendations submitted to the appropriate level of authority for approval. The incumbent is responsible for ensuring all lending criteria, including CMHC Annual Conditions have been satisfied on deals underwritten, and outstanding documentation or conditions, if any, are being met in a timely manner.
- On a daily basis, the incumbent will communicate with external contacts (servicing partners) and internal contacts (managers, administrators, and other commercial mortgage staff) to ensure that annual reviews are processed in a timely and efficient manner.
- On a daily basis, the incumbent is responsible for time management of their deal flow and SharePoint Pipeline Report to meet prescribed deadlines.
- On a weekly, monthly, and /or quarterly basis, the incumbent will be responsible for the preparation of specific reports on assigned categories required for the department /Company which will be relied upon by Senior Management.
- On a daily basis, the incumbent will be responsible for contributing to special projects as assigned from time to time.
- Proficient underwriting skills preferable with a minimum 3 year’s commercial mortgage experience.
- Post-secondary education (diploma/degree) preferred, preferably in business or finance.
- Strong leadership and coaching skills with the ability to set strong examples for colleagues.
- Ability to handle multiple competing priorities and make decisions under pressure.
- Effective analytical and problem-solving skills
- Sound technical knowledge of commercial real estate underwriting, financial statement analysis, and factors affective the commercial mortgage market.
- Detail-oriented individual who possesses a high level of integrity.
- Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high-intensity environment.
- Strong organizational and time management skills
- Excellent communication skills, both oral and written
- Proficient in MS Office (primarily Word and Excel)
- Bilingualism is an asset.
What we offer [For full-time permanent roles]
Competitive discretionary bonus
???? 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, personal days and even a moving day
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 Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In 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 beyond. All 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.
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