Manager, Cmhc, Portfolio Management

3 months ago

Toronto, Canada EQ Bank | Equitable Bank Full time

**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. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family. Overall we serve more than 670,000 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 six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

**The Work**

The Manager, CMHC Portfolio Management will be a key member of the Commercial Credit team. Reporting to the Senior Manager, CMHC Portfolio Management, the incumbent will lead a team of credit professionals in the management of the CMHC Portfolio. The Manager, CMHC Portfolio Management is responsible for providing day to day leadership, mentoring and guidance to team members while at the same time ensuring that the team operates efficiently and productively.

**The core parts of your role would be to**:

- Establish and oversee procedures to ensure all aspects of CMHC Portfolio Management including Renewals, Assumptions, and Ad Hoc requests are thoroughly assessed and within the bank’s risk appetite, Commercial Credit Policy and the General Investment and Lending Policy.
- Reviewing and approving all aspects of CMHC Portfolio Management submitted by commercial mortgage underwriters (including Renewals, Assumptions, and Ad Hoc requests within delegated limits and adjudicating the risk rating assessment for each file.
- Provide guidance and assistance to external partners in formulating and implementing processes and procedures to gather required documents and information.
- Develop, implement, and maintain productive working relationship with external partners through prompt, professional and effective communication.
- Deliver excellent in customer service by effectively managing commitments to a variety of partners, senior management, and other internal departments.
- Ensure appropriate strategies are in place to deal with problem loans in order to minimize the risk of loss for the Bank.
- Proactively managing and monitoring upcoming maturities to make sure proper resource are available to handle the influx of renewals, extensions, and payouts.
- Oversee ongoing, timely completion of reporting to support senior management and regulatory requirements (including maturities, renewal, loan extensions, Ad-Hoc, and the Quarterly Servicing Audit of CMHC loans files.)
- Assisting with the recruitment and hiring of new staff
- Providing ongoing training and guidance to staff members. This will include regular staff meetings, and one-on-one discussion with individual staff members.
- Motivate and support the professional growth of the team, including creation and execution of development plans, where appropriate.

**Let's Talk About You**:

- Minimum 7 years of experience in underwriting commercial real estate transactions including CMHC-insured multi-unit commercial mortgages
- Post-secondary education (diploma/degree), preferably in business or finance
- Bilingualism is an asset
- Strong leadership and coaching skills with the ability to set strong examples for colleagues
- Working knowledge of AML/ATF regulations and Corporate/Legal documentation(both direct and partner originated transactions) for commercial real estate in multiple jurisdictions across Canada
- Sound technical knowledge of commercial lending, financial statement analysis and factors affecting the Canadian commercial lending environment.
- Detail-oriented individual who possesses a high level of integrity
- Demonstrated service excellence with their field.
- Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment
- Proven ability to inspire a team to work toward a set of goals and objectives
- Sound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affecting the commercial mortgage market
- Effective analytical and problem-solving skills
- Strong organizational and time management skills
- Ability to handle multiple competing priorities and make decisions under pressure
- Proficient

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