Senior Commercial Mortgage Analyst, CMHC

1 week ago

Old Toronto, Canada Equitable Group Full time
p>Join a Challenger

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. 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.

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 years commercial mortgage experience.
  • Post-secondary education (diploma/degree) preferred, preferably in business or finance.
  • Sound technical knowledge of commercial real estate underwriting, financial statement analysis, and factors affecting the commercial mortgage market.
  • Proficient in MS Office (primarily Word and Excel).
  • Bilingualism is an asset.

What we offer [For full-time permanent roles]

Competitive discretionary bonus

Market leading RRSP match program

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. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.

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