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Director, Commercial Credit, CMHC

2 months ago


Old Toronto, Ontario, Canada Equitable Group Full time

About the Role

The Director, Commercial Credit is a key leadership position within Equitable Group's Commercial division, responsible for overseeing the credit underwriting and portfolio management aspects of the Multi-family Insured lending group (CMHC). This role requires a seasoned professional with a strong background in commercial lending, financial statement analysis, and risk management.

Key Responsibilities

  • Leadership and Team Management
    • Lead a team of Managers, underwriters, and analysts in the prudent underwriting of $8 billion annually of CMHC-insured multi-family loans located in markets throughout Canada.
    • Establish and oversee procedures to ensure that credit risk is thoroughly assessed and within the Bank's risk appetite.
    • Manage, supervise, and mentor the CMHC Credit team to ensure individual responsibilities are completed in accordance with Company policies, procedures, and priorities.
  • Credit Risk Management
    • Adjudicate CMHC-insured credit facilities (i.e. new deals, mortgage renewals, assumptions, and annual reviews) ensuring the request falls within the Company's lending and regulatory requirements and is in compliance with the Company's delegated authority limits.
    • Continuously identify and implement improvements to processes to increase department efficiencies, improve customer service levels, and ensure ongoing compliance with risk and regulatory requirements.
  • Reporting and Compliance
    • Oversee ongoing, timely completion of regular reporting for senior levels of management, including but not limited to: Commercial Dashboard, exception to policy tracking, KPI/KRI reporting, and securitization reporting.
    • Ensure compliance with the company's established policies and procedures.
  • Professional Development
    • Provide support, guidance and ongoing training to department managers and staff, identifying their specific needs and devising plans to ensure all staff are adequately trained.
    • Assist with department projects or company initiatives, where needed.

Requirements

  • Post-secondary education (diploma/degree) in business or finance, MBA/CFA preferred.
  • Have a minimum of 10 years multi family-insured/commercial mortgage experience with a minimum of 3-5 years of management experience.
  • Highly developed verbal and written communication skills with the ability to communicate to Senior Management, Partners, and Borrowers in a clear, concise, and professional manner.
  • Advanced technical knowledge of commercial lending, financial statement analysis and factors affecting the Canadian commercial lending environment.
  • Possess a detailed understanding of macro factors affecting the CMHC-insured multi-family lending environment with an ability to understand, anticipate and react accordingly, to changing factors.
  • Demonstrated service excellence within their field.
  • In-depth knowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada.
  • Strong organizational and time management skills.
  • Proficient in MS Office.