Commercial Portfolio Development Manager
5 hours ago
About the Role
We are seeking an experienced professional to join our team as a Director, Commercial Financing. As a key member of our commercial mortgage division, you will be responsible for analyzing financial documents, ensuring consistency with internal and external policies, and contributing to the development of our commercial mortgage portfolio.
Responsibilities
- Support the Assistant Vice President in developing and expanding the client base while increasing income and company profit.
- Provide oversight and support to analysts working directly within the team, including reviewing underwriting, credit applications, and loan commitments.
- 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.
- Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met.
- Prepare loan summaries, including financial analysis and credit documents, to assist in the loan approval process.
- Develop and analyze construction/development pro-formas for various multi-unit housing type projects.
Requirements
- Experience in commercial real estate lending is essential.
- Undergraduate degree and/or MBA with a focus in finance or real estate.
- Knowledge of applicable real estate lending regulations is necessary.
- Strong organizational skills to manage several ongoing tasks simultaneously.
- Excellent communication and interpersonal skills to work with clients, appraisers, engineers, lawyers, consultants, investors, and credit committees.
About Us
First National is one of Canada's largest non-bank lenders, providing residential mortgages exclusively through our mortgage broker channel and servicing commercial clients through our national origination team. We are committed to diversity and inclusion, and we believe in supporting our employees' growth and development. We offer a competitive compensation package, including a base salary, bonus, benefits, and career advancement opportunities.
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