Senior Business Analyst, Commercial Lending

1 week ago


Old Toronto, Ontario, Canada First National Financial LP Full time

Job Summary

We are seeking a highly skilled Senior Business Analyst, Commercial Lending to join our team at First National Financial LP. As a key member of our Commercial Division, you will play a critical role in analyzing financial information, reviewing third-party reports, and preparing loan summaries to assist in the loan approval process.

Key Responsibilities

  • Analyze financial information on commercial properties, including rent rolls, operating statements, and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions, and pricing.
  • Review third-party reports, including appraisal, phase I/II environmental reports, and engineering reports, to determine compliance with investor requirements, product lending, and guidelines, and loan terms and conditions.
  • Review conditions and exception requests and prepare recommendations to credit/investors. Ensure that underwriting procedures are in force at all times and senior management authorizes any exceptions.
  • Prepare loan summaries, including financial analysis and credit documents, to assist in the loan approval process.
  • Coordinate with funders, investors, legal, and other third-party consultants to ensure loan conditions are met.
  • Coordinate with clients and prepare Letters of Interest and Commitment Letters, along with managing information flow to ensure smooth loan transactions.
  • Develop and analyze construction/development pro-forma for various multi-unit housing type projects.
  • Monitor ongoing construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed.
  • Monitor pending and approved loans and any corresponding fees, which includes a review of any fees currently on deposit with First National.
  • Assist from time to time in preparation for prospect and existing client meetings.
  • Assist in training and mentorship of other team members.
  • Perform other duties as necessary to support the goals and objectives of the Commercial Mortgage Division.
  • Adhere to policies/procedures to ensure AML requirements are met, when applicable.

Requirements

  • Experience in commercial real estate lending is a must.
  • Undergraduate Degree and/or MBA with a focus in a Finance/Real Estate related discipline.
  • Minimum 5 years' experience in a relative commercial real estate role.
  • Knowledge of applicable real estate lending regulations is a must.
  • Experience in financial analysis (i.e., balance sheet, income statement).
  • Organizational skills to manage several ongoing and competing tasks simultaneously.
  • Strong understanding of legal documentation, ownership structures, and AML requirements.
  • Preferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a real estate focus.
  • Familiarity with principles of property valuation and the construction process.
  • Advanced PC skills, with an emphasis on Word and Excel.
  • High degree of consistent accuracy and attention to detail.
  • Able to work with minimum supervision.
  • Results-oriented and highly motivated self-starter.
  • Bilingualism (French, English) an asset.


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