Commercial Mortgage Underwriter Leader
2 days ago
About This Role
This position is based at Equitable Bank, a leading Canadian bank that focuses on serving the middle market and commercial enterprise segment.
We are seeking an experienced Senior Commercial Mortgage Underwriter to join our team. As a key member of our underwriting team, you will be responsible for analyzing and underwriting CMHC-insured commercial credit facilities ranging in size from $30MM-$150MM.
Key Responsibilities:
- Analyze and underwrite CMHC-insured commercial credit facilities, ensuring compliance with company guidelines and procedures.
- Communicate with external contacts, such as origination partners, and internal contacts to ensure timely and efficient processing of transactions.
- Manage deal flow to meet prescribed deadlines.
- Perform various administrative and reporting duties required for the department.
Requirements
- Bilingualism is an asset.
- A minimum of 4 years of commercial mortgage underwriting experience.
- Demonstrated service excellence within their field.
- Post-secondary education preferred, preferably in business or finance.
- Good working knowledge of MS Office, primarily Word and Excel.
- Effective analytical and problem-solving skills.
- Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market.
- Established organizational skills.
- Ability to handle multiple competing priorities.
- Good time management skills.
- Excellent communication skills, both oral and written.
Job Complexities / Thinking Challenges
The position requires self-starters who can make sound underwriting decisions efficiently. Commercial mortgage applications can be complex, requiring creative thinking and proactive problem solving. The incumbent must follow corporate policies, procedures, and regulatory requirements to work through files and rationalize recommendations or decisions made.
Our salary range for this position is between $120,000 - $180,000 annually, depending on experience and qualifications. We offer a comprehensive benefits package, including a competitive salary, bonuses, and stock options. Our organization is committed to fostering a culture that values diversity, equity, and inclusion, and we encourage applicants from diverse backgrounds to apply.
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