Commercial Mortgage Risk Manager

1 week ago

Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
Company Overview
At EQ Bank | Equitable Bank, we're innovating the banking experience for Canadians. Our team is comprised of inquisitive and agile minds that find smarter ways to deliver exceptional service.

Salary
The estimated annual salary for this role is $80,000 - $120,000, depending on experience, with a competitive discretionary bonus and market-leading RRSP match program.

Job Description
This role involves underwriting, renewals, assumptions, and ad-hoc requests pertaining to all CMHC-insured commercial mortgages. The Underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements while finding creative solutions in a timely manner to achieve service goals as well as annual target volumes.

Responsibilities:
  • Provide superior customer service with respect to our partners and building a strong relationship.
  • Ensure renewals, assumptions, and ad-hoc requests are completed quickly, efficiently, and accurately.
  • Responsible for ensuring that credit risk is within approved guidelines. Credit documentation shall be thoroughly assessed in accordance with established policies and underwriting procedures, with recommendations submitted in compliance with the Bank's delegated authority limits.
  • Time management of deal flow to meet prescribed deadlines.
  • Preparation and management of various reports, such as Maturity Reporting, as required for the department/Company.

Required Skills and Qualifications
  • Post-secondary education preferable in business or finance.
  • Bilingualism (French/English) is considered an asset.
  • Proficient underwriting skills with a minimum 2-4 years' commercial mortgage experience.
  • Sound technical knowledge of commercial real estate underwriting, financial statement analysis, and factors affecting the commercial mortgage market.
  • Good working knowledge of MS Office (primarily Word and Excel).
  • Effective analytical and problem-solving skills.
  • Strong organizational and time management skills.
  • Ability to handle multiple competing priorities.
  • Demonstrated ability to work independently to achieve goals.
  • Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise, and professional manner.

Benefits
We offer a fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience. Other benefits include medical, dental, vision, life, and disability benefits, employee Share Purchase Plan, maternity/parental top-up while you care for your little one, generous vacation policy, personal days, virtual events to connect with your fellow colleagues, annual professional development allowance, and comprehensive Career Development program.

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