Commercial Mortgage Underwriter, Cmhc Portfolio

5 months ago


Toronto, Canada EQ Bank | Equitable Bank Full time

**The Work**

As part of a growing and dynamic CMHC Portfolio Management team, the Commercial Mortgage Underwriter is responsible for underwriting, renewals, assumptions, and ad-hoc pertaining to all CMHC-insured commercial mortgages. The Underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements, while finding creative solutions in a timely manner to achieve service goals as well as annual target volumes. Additional credit-related and administrative duties are also required such as reporting and pipeline management as well as networking with our partners along with various staff within the Commercial department & other internal departments.

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

- On a daily basis, the incumbent will strive to provide superior customer service with respect to our partners and building a strong relationship.
- On a daily basis, the incumbent will ensure, renewals, assumptions, and ad-hoc requests are completed quickly, efficiently, and accurately.
- On a daily basis, the incumbent is responsible for ensuring that credit risk is within approved guidelines. Credit documentation shall be thoroughly assessed in accordance with established policies and underwriting procedures, with recommendations submitted in compliance with the Bank’s delegated authority limits.
- On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines
- On a weekly, monthly, and/or quarterly basis, the incumbent will be responsible for the preparation and management of various reports e.g., Maturity Reporting, as 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

**Let's Talk About You**:

- Post-secondary education preferable in business or finance
- Bilingualism (French/English) is considered an asset.
- Proficient underwriting skills with a minimum 2-4 years’ commercial mortgage experience.
- Sound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affecting the commercial mortgage market.
- Good working knowledge of MS Office (primarily Word and Excel)
- Effective analytical and problem-solving skills
- Strong organizational and time management skills
- Ability to handle multiple competing priorities
- Demonstrated ability to work independently to achieve goals
- Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise, and professional manner.



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