Commercial Mortgage Underwriting Intern

2 weeks ago

Toronto ON, Canada EQ Bank | Equitable Bank Full time

Join a ChallengerBeing 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.Work Term: September - December 2024Purpose of the Job:To assist with the Portfolio team with the processing of sub-advances and ad-hoc requests. The Intern will be trained on reviewing Quantity Surveyor reports in order to complete sub-advance worksheets.Main Activities: 60% on a daily basis, the Intern will assist with processing subadvances and will analyze and underwrite CFG commercial mortgage loans. Time will be divided between the two areas as business demands are required. Attention must be made to ensure that compliance with the company’s established lending guidelines and procedures are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner. 10% on a daily basis, the incumbent will communicate with external contacts (partners, solicitors, etc.) and internal contacts (coordinators, managers, administrators, etc.) to ensure mortgage loan transactions are processed in a timely and efficient manner in order to deliver superior customer service and meet required funding deadlines. 10% on a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines. 20% on a weekly basis, the Intern will assist with various credit-related and administrative duties such as reporting, pipeline management and ad-hoc projects. Knowledge/Skill Requirements: Currently enrolled in University or College program (Finance, Business, Accounting or Economics is preferred) Demonstrated ability using MS Office (Excel, PowerPoint, and Word) Strong organizational skills and demonstrated ability to work under pressure and adhere to tight deadlines Strong attention to detail Strong analytical skills Excellent oral and written communication skills with the ability to respond in a clear, concise and professional manner Ability to handle multiple competing priorities Ability to work in a fast-paced environment How To Correctly Submit Your ApplicationAll applications must be submitted through our company website: . Search for: Commercial Mortgage Underwriting Intern, Fall 2024Please note that you must be an active student going back to school. Applications from students who have already graduated will not be accepted unless you need to do a co-op placement in order to graduate. Please scan together and submit ONE DOCUMENT that includes your transcripts, resume and cover letter. Please note that if the application is not completed properly, it will not be acceptedWhat we offer (For full-time permanent roles) Competitive discretionary bonus✨ Market leading RRSP match program

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