Senior Analyst, Commercial Lending

4 weeks ago

Vancouver, Canada MCAP Group of Companies Full time

Senior Analyst, Commercial Lending

MCAP at a Glance

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success At MCAP, your professional expertise, commitment to teamwork, and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Role

This position is responsible for underwriting and managing a portfolio of commercial and residential construction loans for MCAP’s Managed Investors and third-party lenders. This role will work with solicitors, cost consultants, and MCAP’s Funding Group to ensure loans are funded as per the terms of approval and are monitored effectively.

Oversee Underwriting Adjudication for Construction Loans

1. Analyze project feasibility and market by examining profit margins, project costs, competitive price points for end units, commercial leases/income and expense analysis, debt service analysis, commercial take out feasibility, time frame for completion, competition, location, economic conditions and sales absorption.
2. Analyze personal and/or corporate financial statements of borrowers and/or guarantors to determine their financial strength and liquidity.
3. Prepare and submit credit applications which identify credit risk and how it is mitigated in the form of Term Sheets, Loan Summaries, Loan Amendments and/or Loan Renewals for review and support.
4. Prepare Letters of Interest, Commitment Letters, Amendment Letters and Renewal Letters detailing the terms and conditions of the approval.

Oversee Account Management for Loans

1. Provide support to the Funding Group in the processing of the initial loan advance and ongoing monthly progress draws by reviewing the cost consultant reports and ensuring all pre-funding and any ongoing conditions have been satisfied as per the terms of the approval.
2. Report on any loans operating outside the approved loan parameters outlining status of loan and recommended course of action.
3. Prepare and recommend Loan Amendments throughout the life of a loan as a result of changes to the project budget, security, market conditions and/or the financial strength and liquidity of the Borrower and/or guarantors.
4. Proactively monitor maturing loans to ensure Loan Renewals are prepared and submitted on a timely basis.
5. Process monthly and quarterly loan reports and Managed Investor cash flows.

Provide Customer Service to our Borrowers

1. Act as the contact for the Borrower to address and resolve any concerns or issues in a timely manner.

What You Bring To The Team

1. Over 3 years of construction lending experience or 2 years of demonstrated experience working in this capacity.
2. Detail-Oriented.
3. Proficient with MS Word, MS Excel, MS PowerPoint.
4. Ability to demonstrate initiative/confidence and is decisive.
5. Exceptional oral and written communication skills.
6. Excellent organizational and time-management skills.
7. Ability to multi-task in a fast-paced environment.
8. Strong analytical and problem-solving skills.
9. Proven ability to foster relationships.
10. Strong customer service skills.
11. Self-driven, motivated with the ability to work independently and in a team environment.
12. Carries out duties with integrity and takes responsibility for actions.
13. Bachelor’s Degree in Business preferred; Certifications/Designations Required.

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you

Be A Part Of Something Great
MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

Position #: req1969

Employment Status: Permanent Full Time

Location: Vancouver, British Columbia

Number Of Openings: 1

Department: Development Finance

Internal Job Title: Senior Analyst

Salary Range: $85,000 - $106,000

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designed to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.

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