Associate, Underwriting Commercial

3 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 responsible for evaluating the credit worthiness and management capabilities of the borrower/guarantor, the real estate collateral securing the proposed loan, adequacy of the loan structure for transactions and maintaining the relationship with broker and lender partners. This role requires knowledge, experience and understanding of small balance and large commercial lending with an understanding of residential 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.
- 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 memo analysis of the financial review, demonstrating a thorough understanding of financial condition.
- Recommend various loan structures (and pricing structures) that balance risks and rewards.
- 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
- Meet production requirements and department goals.
- Adhere to applicable compliance obligations including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements.
- Ensure effective communication between Relationship Managers, Loan Administration, Loan Documentation, Funding Control and other departments involved in the loan process.
- Liaise with lender partners on large volume transactions
- Participate in pre-commitment and post-closing inspection as part of a continuous monitoring of the credit-risk management framework as well as improve efficiency and reduce costs.
- Recommend process improvements with Loan Origination System and assist with the implementation.
- Adhere to underwriting guidelines and department policies and procedures
- Perform second level one up reviews/approvals on loans recommended for approval from Underwriters, where it is above their authority
- Establish relationships with Sales/Acct Management that optimizes business potential with brokers
- Perform other duties as needed.

Qualifications:

- At least 5-8 years of experience in commercial underwriting, financial analysis or deal structing in financial services; experience in residential lending considered an asset
- Bachelor's degree in business, finance, or a related field preferred
- Formal credit or commercial loan training and some previous credit decisioning preferred
- Knowledge of credit/underwriting of small commercial real estate loans.
- Exposure to a wide variety of commercial credits and the professional/executive market segment is preferred
- Knowledge of financial accounting theory and logic, loan structuring, commercial products and services
- Solid credit fundamentals in a commercial environment
- 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

  • Junior Underwriter

    6 months ago

    Toronto, Canada Signal Underwriting Inc. Full time

    Job Description: Junior Underwriter **Grow with us! Incredible opportunity to start your career with a rapidly growing Toronto-based Managing General Agent**. We are a lively team of insurance professionals who are committed to the development and success of every employee. We offer hands-on training and mentoring, education course reimbursement and...

  • Executive Underwriter

    6 months ago

    Toronto, Canada Allianz Commercial Full time

    **_here_** **_ for instructions and eligibility criteria_** **Cluster**: **Allianz Professional** **Let’s care for tomorrow.** **Your ambitions.** **Your dreams.** **Your tomorrow** At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s...

  • Underwriting Associate, Commercial Express

    6 months ago

    Toronto, Canada Combined Insurance Full time

    Chubb is the world’s largest publicly traded property and casualty insurer. 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...

  • Commercial Underwriting Associate

    7 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...

  • Underwriting Associate, Commercial Express

    6 months ago

    Toronto, Canada Chubb Full time

    Chubb is the world’s largest publicly traded property and casualty insurer. 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...

  • Commercial Mortgage Underwriting Associate, CMHC

    2 weeks ago

    Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    About the RoleWe are seeking a highly skilled Commercial Mortgage Underwriting Associate to join our dynamic team at EQ Bank | Equitable Bank. As a key member of our commercial underwriting team, you will be responsible for supporting the underwriting process from deal receipt to funding stages.Key ResponsibilitiesSupport the underwriting team with the...

  • Commercial Underwriter

    7 months ago

    Toronto, Canada REVAU Full time

    REVAU is on a radical journey of expansion, experiencing steady organic growth that reaffirms our commitment to revolutionize the Commercial insurance industry. We believe there is a better way to access commercial insurance, by removing inefficiencies, elevating expertise, and empowering broker to building their business. If you are passionate about...

  • Commercial Mortgage Underwriting Associate, Senior Lending Specialist

    3 weeks ago

    Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    OverviewWe are a dynamic and innovative financial institution, EQ Bank | Equitable Bank. We are seeking a skilled Commercial Mortgage Underwriting Associate to join our team in Toronto, ON.This is a hybrid role, with the possibility of working remotely and occasionally from our office space at 351 King Street East, Toronto, ON. As a valued member of our...

  • Commercial Auto Underwriter

    6 months ago

    Toronto, Canada Gore Mutual Insurance Full time

    **We're now at the boldest phase of our Next Horizon journey** At Gore Mutual, we've completely transformed our business in under three years. By investing in top talent and leading technology, we've redefined what it means to be a modern mutual that does good. Our path forward brings a sharper focus on our business' performance that's powered by...

  • Commercial Mortgage Underwriter

    3 weeks ago

    Toronto, ON, Canada EQ Bank | Equitable Bank Full time

    As part of a growing and dynamic commercial team, the Commercial Mortgage Underwriter is responsible for underwriting CMHC-insured and conventional 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 in order to...

  • Bilingual Underwriting Associate, Commercial Express

    6 months ago

    Toronto, Canada Chubb Full time

    Chubb is the world’s largest publicly traded property and casualty insurer. 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...

  • Associate, Underwriting

    3 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...

  • Commercial Underwriting Specialist

    3 weeks ago

    Old Toronto, Canada DGA Careers Full time

    Role OverviewWe are seeking a highly skilled Commercial Underwriter to join our team at DGA Careers in Ontario. As a key member of our underwriting team, you will be responsible for building and maintaining a profitable commercial property and liability book of business.About the RoleThis is an exciting opportunity for experienced underwriters looking to...

  • Commercial Underwriter

    6 months ago

    Greater Toronto Area, Canada Brownstone Insurance Managers Full time

    Are you passionate about insurance and great with details? Do you enjoy minimizing risk while ensuring the financial well-being of your clients? Then keep reading! Brownstone Insurance Managers Inc. is seeking a highly motivated **Commercial Underwriter** based in Ontario, ideally near Ancaster with a flexible working arrangement that can be accommodated at...

  • Commercial Underwriter

    6 months ago

    Toronto, Canada REVAU Full time

    REVAU is on a radical journey of expansion, experiencing steady organic growth that reaffirms our commitment to revolutionize the insurance industry. We are currently on the lookout for talented Construction Underwriters and Property & Casualty (P&C) Underwriters who share our passion for underwriting reality and excellence. Our goal is to be responsive and...

  • Casualty Commercial Underwriter

    3 months ago

    Toronto, Canada REVAU Full time

    REVAU is on a radical journey of expansion, experiencing steady organic growth that reaffirms our commitment to revolutionize the Commercial insurance industry. We believe there is a better way to access commercial insurance, by removing inefficiencies, elevating expertise, and empowering broker to building their business. If you are passionate about...

  • Commercial Underwriting Expert

    3 weeks ago

    Old Toronto, Canada DGA Careers Full time

    Job SummaryWe are seeking a highly skilled Commercial Underwriting Expert to join our team at DGA Careers. As a key member of our underwriting team, you will be responsible for managing complex commercial risks and providing expert underwriting guidance.About the RoleThis is a hybrid role based in Toronto, working with a global insurer. You will work as an...

  • Commercial Underwriter

    7 months ago

    Toronto, Canada The Benefact Group Full time

    **Working hours**:35 hours per week, Monday to Friday **Duration**:Permanent / FTC / Temporary **Location**:Toronto **About the role***: We are excited to welcome a Commercial Underwriter to our Central Region team. In this role, you’ll be immersed in the intricacies of various insurance products, assessing risks and managing a portfolio of business....

  • Commercial Mortgage Underwriting Expert

    3 weeks ago

    Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    **Job Overview**We are seeking a skilled Commercial Mortgage Underwriter to join our dynamic team at EQ Bank | Equitable Bank. As a key member of our commercial lending group, you will be responsible for underwriting CMHC-insured and conventional commercial mortgages.**About the Role**The successful candidate will have a minimum 4 years' experience in...

  • Commercial Insurance Underwriter

    6 months ago

    Toronto, Canada Jones DesLauriers Insurance Management Inc. Full time

    **WHAT WE OFFER** Great learning and growth opportunities Entrepreneurial, inclusive and collaborative culture Hybrid remote work flexibility A competitive compensation package Full Benefits Package RRSP Matching Program Professional Development Courses & Designations 100% tuition re-imbursement for business relevant courses and training Vary...