Senior Analyst, Commercial Financing
5 days ago
First National supports requests for accommodation from applicants with disabilities; br/>
We are hiring a Senior Analyst, Commercial Financing
Reporting To: Assistant Vice President, Commercial Financing
Full-Time/Part-Time: Full-time
Salary Range: $54,846.2
Office Location: Vancouver, BC Great location li>
The Opportunity:
The Senior Analyst contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer and investor policies. The role is specific to CMHC, construction and conventional commercial real estate financing requests.
- Analyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricing.
- Review third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditions.
- Review conditions and exception requests and prepare recommendations to credit/investors. Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptions.
- Prepare loan summary including financial analysis and credit documents to assist in the loan approval process.
- Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met.
- Develop and analyze construction/development pro-forma as of various multi-unit housing type projects.
- Monitor ongoing construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed.
- Assist in training and mentorship of other team members.
- Perform other duties as necessary to support the goals and objectives of the commercial mortgage division.
- Adhere to policies/procedures to ensure AML requirements are met, when applicable.
The experience you need:
- Experience in commercial real estate lending is a must.
- Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline.
- Minimum 5 years’ experience in a relative commercial real estate role.
- Experience in financial analysis (i.e. balance sheet, income statement).
- Strong understanding of legal documentation, ownership structures and AML requirements.
- Preferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a real estate focus.
- Advanced PC skills, with an emphasis on Word and Excel.
- Bilingualism (French, English) an asset.
Working Environment and Physical Demands Analysis:
- Office environment.
- Long periods of time in viewing a computer screen.
- Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
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