Commercial Underwriting Manager
1 week ago
We are seeking an experienced Commercial Underwriting Manager to join our team at Equitable Bank. In this role, you will play a critical part in analyzing and underwriting commercial credit facilities for various mortgage product types.
About the Role
The successful candidate will have 5+ years of experience in commercial mortgage underwriting, with a strong understanding of secured lending and the factors affecting the commercial mortgage market. They will be responsible for communicating with external contacts, such as origination partners, and internal contacts, including funders, managers, and administrators, to ensure transactions are processed efficiently and effectively.
Key Responsibilities
- Analyze and underwrite commercial credit facilities for various mortgage product types, including construction and conventional loans ranging from $2.5 million to $50.0 million
- Communicate with external and internal contacts to ensure timely and efficient transaction processing
- Ensure compliance with corporate policies, procedures, and regulatory requirements
Requirements
- Proficient underwriting skills with a minimum of 5 years commercial mortgage experience
- Demonstrated service excellence within their field
- Post-secondary education (diploma/degree) preferred, preferably in business or finance
- Good working knowledge of MS Office (primarily Word and Excel)
Benefits
- Competitive discretionary bonus
- Market-leading RRSP match program
- Medical, dental, vision, life, and disability benefits
- Employee Share Purchase Plan
- Maternity/Parental top-up while caring for your little one
- Generous vacation policy, personal days, and moving day
What We Offer
This is a hybrid role with some office time spent working from Equitable Bank's additional office space located at 351 King Street East, Toronto, ON. The incumbent will be rewarded with a salary range of $120,000 - $160,000 per year, depending on experience.
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