Strategic Commercial Lending Manager

2 days ago


Toronto, Ontario, Canada Equitable Bank Full time

Job Summary:

We are seeking a highly skilled and experienced Strategic Commercial Lending Manager to join our team at Equitable Bank. As a key member of our commercial lending department, you will be responsible for providing expert guidance and support to department managers and staff, ensuring compliance with established policies and procedures, and driving business growth through effective risk management.

About the Role:

  • You will be responsible for managing and mentoring a team of underwriters, providing coaching and guidance to ensure they have the necessary skills and knowledge to excel in their roles.
  • Develop and implement production and service metrics to measure and support best-in-class turnaround times on completion of underwriting tasks, exceeding customer service, accountability, and transparency targets.
  • Continuously identify and implement improvements to processes to increase department efficiencies, improve customer service levels, and ensure ongoing compliance with risk and regulatory requirements.
  • Collaborate with internal and external stakeholders to provide optimum service and maintain long-standing relationships.
  • Oversee ongoing, timely completion of regular reporting for senior levels of management, including commercial dashboard tracking, exception to policy tracking, KPI/KRI reporting, and securitization reporting.
  • Provide overflow support to CFG Underwriting by taking on new business underwriting assignments as needed.
  • Assist with department projects or company initiatives where required.

About You:

  • Post-secondary education (diploma/degree) in business or finance, MBA/CFA preferred.
  • Minimum 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 effectively with senior management, partners, and borrowers in a clear, concise, and professional manner.
  • Proven ability to inspire a team to work towards set goals and objectives.
  • 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.
  • Detail-oriented individual with high integrity.
  • 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.
  • Proven ability to thrive in a constantly changing environment and perform well in a high-volume, high-intensity environment.
  • Effective analytical and problem-solving skills.
  • Strong organizational and time management skills.
  • Ability to handle multiple competing priorities.
  • Proficient in MS Office.

Requirements:

  • A self-starter with strong cognitive skills and professional judgment to properly assess and mitigate risk.
  • The ability to prioritize workflow and allocate resources effectively.
  • Strong problem-solving skills with respect to AML/ATF risk and related documentation.
  • The capacity to coach and motivate employees to consistently develop and achieve aggressive departmental targets.

About Our Offerings:

We offer a competitive salary range of $120,000-$180,000 per annum, depending on experience. Additional benefits include market-leading discretionary bonuses, a comprehensive RRSP matching program, medical, dental, vision, life, and disability benefits, an Employee Share Purchase Plan, maternity/parental top-up while caring for your little one, generous vacation policy, personal days, virtual events to connect with colleagues, annual professional development allowance, and a comprehensive Career Development program.

Where We Work:

This role is hybrid, with some in-office time spent working from Equitable Bank's office space located at 351 King Street East, Toronto, ON. However, the majority of work can be performed remotely. If you're passionate about commercial lending and committed to delivering exceptional results, we'd love to hear from you



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