Vp, Commercial Underwriting

7 months ago

Toronto, Canada Home Trust Company Full time

Company Profile

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.

Commercial Underwriting provides a high level of expertise in the administration of HTC’s commercial mortgage underwriting business. It is responsible for the origination and administration of new and existing loans and for ensuring the adherence of commercial credit policy, standards and guidelines, while fostering a culture of respect, trust and integrity.

Position Overview

Position Responsibilities

Risk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one’s responsibilities as outlined below:
Business Development (30%)

Develop the Company’s commercial mortgage and loan portfolio within corporate objectives and guidelines
Maintain a network of desirable commercial mortgage clients
Attend business development meetings and functions as the company’s senior commercial lending representative
Keeping current with commercial mortgage market trends and identifying business opportunities
Provide excellent customer service in the commercial mortgage lending sector

Portfolio Management (20%)

Oversee Company’s commercial mortgage and loan portfolio within corporate objectives and guidelines
Liaise between the commercial mortgage division and the Company’s senior executive on the daily management of the commercial portfolio

Portfolio Analysis and Reporting (20%)

Oversee the daily analysis of the composition, profitability and status of the commercial portfolio and its individual accounts
Oversee the reporting and presentation of the commercial portfolio to external and internal parties including minimum quarterly reports to the Board of Directors

Risk Management and Corporate Compliance (20%)

Establish, monitor and maintain proper risk management of the commercial portfolio, as part of senior management
Monitor and respond to changing risk patterns in the company’s commercial lending lines of business
Ensure compliance of commercial lending with all regulatory, legal and corporate governance requirements

Staff Management and Efficiencies (10%)

Review of staff performance and staffing needs
Recommend staffing and structure changes to meet business requirements
Conduct annual and quarterly reviews of team members
Identify training needs and provide on-going mentoring of all team members as needed
Formal Education
Bachelor's degree required in Business or equivalent
Certification(s)/Designation(s) preferred in related area
Related Experience
10+ years progressive experience in commercial real estate lending in similar financial institutions, including senior leadership within regulatory environment
In depth understanding of commercial mortgage products
Significant experience in adjudicating commercial mortgages
Proven track record of industry achievements
Demonstrated experience mitigating potential Risk and incorporating compliance activities within the Commercial Mortgage Lending portfolio

**Skills**:Risk management objectives and processes - expert knowledge
Leadership and people management
Budgeting/cost control/ forecasting
Creative/innovative, thinking outside the box
MS Office - proficient
Strategic/forward thinking
Critical thinking
Public speaking/ presentation
Problem solving - exceptional
Results-focused/driven
Negotiating, influencing
Motivating/inspiring others
Quality focused
Customer service focused
Communication (verbal and written) - excellent
Accountable/ accepting responsibility
Position Complexities
Bilingualism an asset
Some travel/work beyond standard hours
Acknowledgement

All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Customer Complaints Appeals Office (CCAO), Compliance Hotline, Whistleblower Policy, etc).

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