Underwriter, Commercial Real Estate

1 month ago


Old Toronto, Canada Vertical Real Estate Services Full time
p> Underwriter, Commercial Real Estate (VCIB)
Description :About Vancity Community Investment BankVancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. This position is based at Vancity Community Investment Bank (VCIB), an Ontario-based subsidiary of Vancouver City Savings Credit Union (Vancity). As Canada’s first values-driven bank, VCIB provides banking, investing, and financing solutions to help purpose-driven businesses and organizations create, grow and foster change. b>About the workplaceAs an Underwriter on the Commercial Real Estate team, you will play a critical role in growing and managing the portfolio of loans to values aligned social purpose real estate projects, including (but not limited to) term and construction financing of market rental housing, affordable housing, green buildings, and community spaces. You will join a small, diverse team of entrepreneurial, purpose-driven individuals, and will contribute and develop your expertise in credit underwriting and portfolio management with a specialized lens on real estate finance.The Underwriter, Commercial Real Estate will provide expertise to support the growth and administration of VCIB’s commercial mortgage business. You will be responsible for supporting the origination team on new transactions, renewals and annual reviews ensuring the adherence of commercial credit policy, standards and guidelines, and while fostering a culture of respect, trust and integrity.li>Complete underwriting analysis of commercial mortgage transactions for term and construction facilities including detailed analysis of the real estate security, borrower and loan terms to ensure all files meet industry and company regulatory requirements.On each transaction, assess suitability, review risks, complete due diligence requirements on commercial mortgage transactions in accordance with the company’s risk appetite.Maintain consistent, objective and sound risk assessments in a service-oriented environment.Resourceful – You understand and utilize the network of resources available to you and can independently formulate appropriate solutions for your members Bachelor’s degree and/or Master’s degree in business, economics, finance or related field Minimum of 3 years real estate financing or related experience Knowledge of the Ontario commercial real estate market, and experience and/or strong interest in advancing social purpose and sustainable real estate Strong interpersonal and writing skills Experience in commercial credit underwriting and evidence of strong business and financial analytical skills Strong English communications skills (oral and written) Business banking experience is an asset We are the largest private-sector in Canada and have been consistently recognized as one of the * Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs To help us track our recruitment effort, please indicate in your email/cover letter where (un-jobs.net) you saw this job posting.

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