Associate Director, Commercial Financing

4 days ago


Vancouver, British Columbia, Canada First National Full time
Job Title: Associate Director, Commercial Financing

We are seeking an experienced Associate Director to join our Commercial Financing team. As a key member of our team, you will be responsible for analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer, and investor policies.

Key Responsibilities:
  • Provide oversight and support to more analysts working directly within the team, including reviewing underwriting, credit applications, and loan commitments.
  • Ability to handle complex transactions from start to finish with minimal oversight.
  • Work directly with clients and prospects to gather due diligence, advance relationships, and recommend appropriate mortgage solutions.
  • Make decisions on advancement of loan opportunities, complex structuring, and credit.
  • 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.
  • 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, including 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.
  • Knowledge of applicable real estate lending regulations is a must.
  • Experience in financial analysis (balance sheet, income statement).
  • Organizational skills to manage several ongoing and competing tasks simultaneously.
  • Experience communicating with clients, appraisers, engineers, lawyers, consultants, investors, and/or credit committees.
  • 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 commercial mortgage 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 minimal supervision.
  • Results-oriented and highly motivated self-starter.
  • Bilingualism (French, English) an asset.
Why Join First National?
  • Supportive teamwork-focused environment.
  • Collaborative entrepreneurial spirit.
  • Extensive training programs to set our employees up for success.
  • Bright open-concept office environment.
  • Large kitchens with a coffee and latte maker to enjoy at no cost.
  • Opportunities to give back to the communities and work through events focused on a variety of charities.
  • Ongoing social events throughout the year.


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