Analyst, Commercial Financing

4 weeks ago


Toronto, Canada First National Financial Full time

We are hiring an Analyst, Commercial Financing
**Reporting To**: Assistant Vice President, Commercial Financing
**Full-Time/Part
- Time**: Full-time
**Posting Date**: February 14, 2024
**Closing Date**: February 28, 2024
**Hours of Work**: 8:30 a.m. - 5:00 p.m.
**Grade**: 8.2
**Office Location**: Toronto
- Hybrid, flexible work arrangement. Great location Steps away from the main public transit station

**What we offer**:
Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities
- Eligibility for benefits is dependent on the terms of employment

**What you will do**:

- Develop and analyze construction/development pro-formas of various multi-unit housing type projects
- 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
- 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
- Monitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed
- Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
- 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 Requirements Needed**:

- Undergraduate Degree with focus in a Finance related discipline
- Knowledge of applicable real estate lending regulations
- Experience in financial analysis (i.e. balance sheet, income statement)
- Knowledge of the regulations related to real estate loans
- Organizational skills to manage several ongoing and competing tasks simultaneously
- High degree of consistent accuracy and attention to detail
- Strong interpersonal communication skills
- Able to work with minimum supervision
- Results oriented and highly motivated
- Self-starter
- Preferred experience in construction finance, development industry, private equity, cost consulting, or accounting with a real estate focus
- Familiarity with principles of property valuation and the construction process
- Advanced PC skills, with an emphasis on Word and Excel

**The team you will join**:
Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.
At First National, It’s in our Nature is our rallying cry. It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community. Our nature defines who we are and guides every decision we make.
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.

FNLOON



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