Commercial Mortgage Underwriter

5 days ago

Etobicoke, Canada IC Savings Full time

**Company Overview**

**Job Overview**

Commercial Mortgage Underwriter is responsible for administration and servicing of the Commercial Loan Portfolio within the framework of the approved credit management policies, to ensure the loan assets represent an acceptable risk and financial return. The role requires strong knowledge of GTA real estate markets, financial analysis and commitment and delivery of excellent Member Services.

**Major Duties & Responsibilities**:
Initial Analysis
- Assess, evaluate, structure and make initial recommendations for approval or decline as warranted based upon analysis of key risks.
- Conduct analysis of financial statements in the context of specific industry, financial and business risks.
- Assess through site inspections and other means property and related risks including, valuation related key data such as market rents and debt service capacity, vacancy, suitable cap rates, current appraisal reports, environmental reports, lease agreements, etc.

Credit Review Analysis and Presentation:

- Exercise sound and consistent underwriting practices.
- Steer loan originations through well informed and structured industry analysis.
- Escalate more complex issues on unresolved matters to Management.
- Liaise and interact with internal and external stakeholders (i.e. solicitors, mortgage administration and funding staff, branch staff) to ensure consistent, timely and proper workflow and funding procedures.
- Meet assigned targets.
- Complete final review and write up of files according to Audit and Regulatory requirements.

Other Functions:

- Maintain ongoing weekly reporting and annual account reviews as required.
- Assist Management with overall management and control of delinquency.
- Promote IC Savings’ full range of lending solutions with focus on commercial mortgages.
- Keep up with the latest industry knowledge, competition and market trends.
- Work in collaboration with the team to ensure deliverables are being met.

**Skill & Knowledge Requirements**:

- At minimum 2-3 years of commercial credit underwriting and risk management experience in financial services industry, combined with relevant post-secondary education with an emphasis on Business or Finance; completion of relevant commercial credit education/courses preferred.
- Sound knowledge and understanding of business financial statements, business case and cash flow analysis, and accounting principles.
- Thorough knowledge of commercial account operating procedures and banking services.
- Sound understanding of commercial lending security documentation, including collection techniques and remedies.
- Strong understanding of commercial business structures.
- Familiarity with acceptable financing options and techniques.
- Strong analytical and negotiation skills.
- Self-motivated, creative with solid interpersonal skills and ability to work within a team environment.
- Strong English written & oral communication skills; excellent phone etiquette.
- Strong focus on customer service excellence, organization, attention to detail and sense of urgency; ability to prioritize and meet deadlines.
- Proficient in MS Office Suite (Word, Excel, Power Point and Outlook).

**Working Conditions/Physical Effort**
- Professional, team-oriented, office environment.
- Standard corporate business hours based on 37.5-hour work week, ability to work extended hours, if required.
- The physical demands are representative of those that must be met by being able to successfully perform the essential functions of the job; these include, but are not limited to: sitting, considerable use of computer and phone, seldom moving of items up to 25 pounds in weight.

**How to Apply**

If you think you have what it takes to be a successful member of our team, please forward your resumé.

At IC Savings, we are committed to accommodating people with disabilities as part of our hiring process. If you have special requirements, please advise us during the recruitment process. All submissions are confidential.
- We thank you in advance for taking the time to review our posting. If you have been selected for an interview, we will be in touch._

**Job Types**: Full-time, Permanent

**Benefits**:

- Company events
- Dental care
- Disability insurance
- Employee assistance program
- Extended health care
- Life insurance
- On-site gym
- Paid time off
- RRSP match
- Store discount
- Vision care

Flexible language requirement:

- French not required

Schedule:

- 8 hour shift
- Monday to Friday

Ability to commute/relocate:

- Etobicoke, ON M9B 1B2: reliably commute or plan to relocate before starting work (required)

Application question(s):

- What are your compensation expectations?

**Experience**:

- commercial mortgage underwriting: 2 years (required)

Work Location: In person

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