Commercial Underwriter Associate

2 weeks ago

Toronto, Ontario, Canada Bayview Asset Management Full time

Job Title: Commercial Underwriter Associate

Job Summary:

We are seeking a seasoned Commercial Underwriter Associate to join our team at Bayview Asset Management. The ideal candidate will possess a strong background in commercial underwriting, financial analysis, and deal structuring in financial services.

Key Responsibilities:

  • Conduct in-depth reviews, analyses, and research of balance sheets, income statements, cash statements, tax returns, and projections to underwrite mortgage files.
  • Interpret and analyze financial information from multiple sources, including reporting services, credit bureaus, credit reports, and other industry data to inform underwriting decisions.
  • Assess the borrower's ability to generate income sufficient to repay existing and proposed debt.
  • Review appraisal, environmental, and other reports to identify risk areas and recommend mitigating solutions and next steps.
  • Prepare narrative memo analyses of the financial review, demonstrating a thorough understanding of financial condition.
  • Recommend various loan structures (and pricing structures) that balance risks and rewards.
  • Underwrite and decision files based on sound credit with particular emphasis on adherence to credit policy and requirements, risk culture, financial analysis/modeling, risk evaluation and mitigation, and proper loan structuring.
  • Meet production requirements and department goals.
  • Adhere to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing, and internal Anti-Fraud Policy requirements.
  • Ensure effective communication between Relationship Managers, Loan Administration, Loan Documentation, Funding Control, and other departments involved in the loan process.
  • Liaise with lender partners on large volume transactions.
  • Participate in pre-commitment and post-closing inspections as part of a continuous monitoring of the credit-risk management framework and improve efficiency and reduce costs.
  • Recommend process improvements with Loan Origination System and assist with the implementation.
  • Adhere to underwriting guidelines and department policies and procedures.
  • Perform second-level one-up reviews/approvals on loans recommended for approval from Underwriters, where it is above their authority.
  • Establish relationships with Sales/Acct Management that optimizes business potential with brokers.
  • Perform other duties as needed.

Requirements:

  • At least 5-8 years of experience in commercial underwriting, financial analysis, or deal structuring in financial services; experience in residential lending considered an asset.
  • Bachelor's degree in business, finance, or a related field preferred.
  • Formal credit or commercial loan training and some previous credit decisioning preferred.
  • Knowledge of credit/underwriting of small commercial real estate loans.
  • Exposure to a wide variety of commercial credits and the professional/executive market segment is preferred.
  • Knowledge of financial accounting theory and logic, loan structuring, commercial products, and services.
  • Solid credit fundamentals in a commercial environment.
  • Working knowledge of bankruptcy, foreclosure, and litigation matters is considered an asset.
  • Ability to work effectively in a fast-paced environment.
  • High integrity and a high level of respect for confidentiality.
  • Strong written and verbal communications skills.
  • Strong analytical and intuitive investigative skills.
  • Ability to manage multiple tasks and prioritize workflows often under tight deadlines.
  • Strong independent decision-making capabilities and attention to detail.
  • Skilled in negotiating issues and resolving problems and influencing decisions to meet performance goals.
  • Strong skills in Word, Excel, and Outlook.
  • Ability to establish and maintain working relationships with co-workers, staff, and external contacts, and to work effectively in a professional team environment.
  • Demonstrate leadership abilities.

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