Bilingual Manager, Mortgage Underwriting
1 day ago
**Job Description**:
Reporting to the Senior Managing Director, Mortgage Underwriting and Portfolio Management, you will be part of a dynamic team responsible for the underwriting and analysis of commercial mortgage investments in markets throughout Canada. You will conduct preliminary evaluation of both prospective new business opportunities and renewals of maturing mortgages.
You will be exposed to mix of institutional income-producing real estate asset classes including retail, office, industrial, and residential properties. Working with sophisticated financial models, the incumbent will leverage demonstrated skills analyzing real estate fundamentals and financial statements, researching market conditions, and writing loan submissions to support investment recommendations.
You will be a valued member of the underwriting team, expected to research, understand, and present risk assessments and well-articulated investment recommendations to peers and Senior Management.
**What you will do**
- Review, analyze and validate new loan and renewal investment submissions for commercial real estate mortgage investments
- Research and investigate markets across Canada
- Review third party reports including but not limited to Appraisal, Environmental, and Structural
- Analyze financial statements
- Review commercial leases
- Assist in the ongoing financial monitoring and analysis of the existing mortgage portfolio including full Risk Rating analysis comprising property valuation, market research and physical property inspections
- Obtain necessary internal approvals for various borrower requests (e.g. partial discharges, assumptions, short-term extensions, etc)
- Assist in drafting of letters of interest, term sheets, and commitment letters
- Work in alignment with corporate objectives and risk tolerance
- Maintain knowledge of underwriting standards and industry-evolving policies and guidelines
- Special projects as assigned, including periodic market research and financial statement analysis
**What you will bring**
- University degree in Real Estate, Finance, Economics, Business/Commerce or a related field
- Completion of, enrollment in, or willingness to enroll in the Chartered Financial Analyst (“CFA”) program is strongly favored
- An Accredited Appraiser Canadian Institute (“AACI”) designation, or willingness to enroll in the program, is considered an asset
- Familiarity with the Canadian real estate market
- Detailed working knowledge of credit analysis principles, risk management and financial modeling
- Ability to understand financial statements and assess financial viability
- Exceptional verbal and written communication skills
- Proficient verbal and written communication skills (English)
- Excellent organization and time-management abilities
- Proven ability to meet deadlines and multi-task in a fast-paced environment
- Strong mathematical aptitude and robust analytical and problem-solving skills
- Comprehensive knowledge of MS Office software suite
**Be your best at Canada Life
Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.
You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.
***
Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.
**We are one of Canada's top 100 employers**
- Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations._
- We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee _
- has the opportunity to_
- reach their potential._
**_
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted_**
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