Associate, Underwriting

2 months ago

Toronto, Canada Bayview Asset Management Full time

Overview:
Glasslake is a rapidly growing mortgage lender. Since the start of our operations in 2023, we have expanded presence across Canada in Ontario, Alberta and British Columbia. We are seeking a seasoned **Associate, Underwriting** to join our operations in the Toronto office.

This is an individual contributor role and will primarily be responsible for evaluating the credit worthiness and management capabilities of the borrower, the real estate collateral securing the proposed loan, adequacy of the loan structure for transactions and maintaining the relationship with broker partners. This role requires knowledge, experience and understanding of residential lending with an understanding of commercial lending considered an asset, preferably in the alternative lending space.**Responsibilities**:

- The following job functions are not all-inclusive. The employee will be required to perform other job-related tasks/responsibilities as requested. Job duties may change as required by the needs _of the company.

Credit Evaluation:

- Underwrite and decision files based on sound credit with particular emphasis on adherence to credit policy and requirements, risk culture, financial analysis/modeling, risk evaluation and mitigation and proper loan structuring within delegated authority
- Conduct in-depth review, analysis and research of balance sheets, income statements, cash statement, text returns and projections to underwrite mortgage files.
- Interpret and analyze financial information from multiple sources, including reporting services, credit bureaus, credit reports, and other industry data to inform underwriting decisions.
- Assess the borrower’s ability to generate income sufficient to repay existing and proposed debt
- Review appraisal, environmental, and other reports to identify risk areas and recommend mitigating solutions and next steps.
- Prepare narrative analysis of the financial review, demonstrating a thorough understanding of financial condition.
- Recommend various loan structures (and pricing structures) that balance risks and rewards.
- Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements.
- Establish relationships with Sales and other key stakeholders that optimizes business potential with broker channel

Facilitate Diligence and Closing:

- Oversee coordination of borrower onboarding, loan underwriting and loan funding functions to ensure a streamlined and efficient process
- Communicate credit committee decisions and loan terms to borrowers

Qualifications:

- At least 3 years of experience in residential / commercial underwriting, financial analysis or deal structing in financial services
- Bachelor's degree in business, finance, or a related field preferred
- Formal credit or residential/commercial loan training and some previous credit decisioning preferred
- Knowledge of credit/underwriting of small commercial real estate loans.
- Working knowledge of bankruptcy, foreclosure and litigation matters is considered an asset
- Ability to work effectively in a fast-paced environment.
- High integrity and a high level of respect for confidentiality
- Strong written and verbal communications skills.
- Strong analytical and intuitive investigative skills.
- Ability to manage multiple tasks and prioritize workflows often under tight deadlines
- Strong independent decision-making capabilities and attention to detail.
- Skilled in negotiating issues and resolving problems and influencing decisions to meet performance goals
- Strong skills in Word, Excel and Outlook
- Ability to establish and maintain working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment
- Demonstrate leadership abilities

  • Underwriting Associate

    2 months ago

    Toronto, Canada Zurich Insurance Full time

    The Opportunity- Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.If you are looking for a new challenge, we would love to hear from you.Zurich...

  • Underwriter Associate

    3 months ago

    Toronto, Canada HomeEquity Bank Full time

    WHO WE ARE HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse...

  • Associate Mortgage Underwriter

    6 months ago

    Toronto, Canada First National Full time

    We are hiring an Associate Mortgage Underwriter, Residential Underwriting! The Role: Reporting to the Manager, Residential Underwriting, the Associate Mortgage Underwriter supports the underwriting and credit decision process by reviewing all required documentation and applying sound due diligence. The Associate Mortgage Underwriter is responsible...

  • Commercial Underwriter Associate

    3 weeks ago

    Toronto, Ontario, Canada Bayview Asset Management Full time

    About the Role:We are seeking a seasoned Commercial Underwriter Associate to join our team at Bayview Asset Management. As a key member of our underwriting team, you will play a critical role in evaluating the creditworthiness of borrowers and ensuring the success of our commercial lending initiatives.Key Responsibilities:Conduct in-depth analysis of...

  • Underwriting Associate

    2 days ago

    Toronto, Canada Zurich Insurance Full time

    The Opportunity- Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada. If you have administrative experience and are looking for a new challenge,...

  • Underwriter

    6 months ago

    Toronto, Canada iA Groupe financier iA Financial Group Full time

    Looking for multiple positions to be filled from associate to senior level / Remote / Work from anywhere across Canada / Start date : As soon as possible _ Reporting to the Manager of Underwriting Operations, the Underwriting role is a member of the underwriting team, responsible for accurately assessing risk and making underwriting decisions that align...

  • Associate Underwriter

    6 months ago

    Toronto, Canada Burns & Wilcox Canada Full time

    : **Responsibilities**: **Client Service: Representing the Brand** - Provide clients with exemplary customer service - Maintain relationships with clients and carriers and serve as a point of contact - Service insurance policies by answering questions or requests from clients and carriers - Communicate with brokers, and carriers to troubleshoot issues and...

  • Associate Underwriter

    5 months ago

    Toronto, Canada Burns & Wilcox Full time

    : **Responsibilities**: **Client Service: Representing the Brand** - Provide clients with exemplary customer service - Maintain relationships with clients and carriers and serve as a point of contact - Service insurance policies by answering questions or requests from clients and carriers - Communicate with brokers, and carriers to troubleshoot issues and...

  • Associate, Underwriting Commercial

    2 months ago

    Toronto, Canada Bayview Asset Management Full time

    Overview: Glasslake is a rapidly growing mortgage lender. Since the start of our operations in 2023, we have expanded presence across Canada in Ontario, Alberta and British Columbia. We are seeking a seasoned **Associate, Underwriting Commercial** to join our operations in the Toronto office. This is an individual contributor role and will primarily be...

  • Underwriter

    6 months ago

    Toronto, Canada Benefact Group Full time

    **Working hours**:37.5 hours per week, Monday to Friday **Duration**:Permanent **Location: Toronto, ON** **About the role**: **Ecclesiastical Insurance** who are proudly part of **Benefact Group** are seeking a **Senior Underwriter** for our Strategic Accounts and National Programs team, based in our Toronto office. You'll be an individual who is ready...

  • Associate Mortgage Underwriter

    3 weeks ago

    Toronto, Canada First National Financial Full time

    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 and any other category protected by law. We are hiring an Associate Mortgage Underwriter, Third Party Residential Underwriting -...

  • Associate Mortgage Underwriter

    2 months ago

    Toronto, Canada First National Financial Full time

    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 and any other category protected by law. We are hiring an Associate Mortgage Underwriter, Third Party Residential Underwriting -...

  • Mortgage Underwriter Associate

    3 weeks ago

    Toronto, Ontario, Canada First National Full time

    Job OverviewWe are seeking a highly skilled Associate Mortgage Underwriter to join our Residential Underwriting team at First National. In this role, you will play a critical part in supporting the underwriting and credit decision process by reviewing documentation and applying sound due diligence.Key ResponsibilitiesReview and verify the accuracy of...

  • Commercial Underwriting Associate

    6 months ago

    Toronto, Canada The Benefact Group Full time

    **Working hours**:35 hours per week, Monday to Friday **Duration**:Permanent **Location**:Toronto **About the role***: We are seeking a Commercial Underwriting Associate to join our Central Region team. In this role, you'll provide support for our underwriting processes, working closely with experienced underwriters to learn and hone your skills. Expect...

  • Underwriter, Renewals

    5 months ago

    Toronto, Canada Burns & Wilcox Canada Full time

    : **Responsibilities**: We are looking for a driven, results-oriented, team player to join us. This is a great opportunity to work alongside industry experts, develop client relationships, work as part of a dynamic and successful team and grow a book of business to support our ambitious growth goals. This role supports our Toronto based Commercial P&C Team....

  • Bilingual Underwriting Associate/underwriter

    3 weeks ago

    Toronto, Canada Chubb Full time

    Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution...

  • Associate Mortgage Underwriter

    2 months ago

    Toronto, Canada First National Financial Full time

    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 and any other category protected by law. We are hiring an Associate Mortgage Underwriter (Excalibur) **Reporting To**: Manager,...

  • Associate, Underwriting

    2 months ago

    Toronto, Canada Bayview Asset Management Full time

    Job Description Overview Glasslake is a rapidly growing mortgage lender. Since the start of our operations in 2023, we have expanded presence across Canada in Ontario, Alberta and British Columbia. We are seeking a seasoned Associate, Underwriting to join our operations in the Toronto office. Are you a results-driven professional, open to...

  • Associate, Underwriting Commercial

    2 months ago

    Toronto, Canada Bayview Asset Management Full time

    Job Description Overview Glasslake is a rapidly growing mortgage lender. Since the start of our operations in 2023, we have expanded presence across Canada in Ontario, Alberta and British Columbia. We are seeking a seasoned Associate, Underwriting Commercial to join our operations in the Toronto office. Are you a results-driven professional,...

  • Underwriting Operations Associate

    4 weeks ago

    Toronto, Canada Liberty Mutual Canada Full time

    Department: OperationsLocation: TorontoReports To: Assistant Vice President, Operations & InnovationCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or...