Commercial Mortgage Underwriter Lead

2 days ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
Job Summary
Elevate your career as a Commercial Mortgage Underwriter Lead at EQ Bank | Equitable Bank, where you will play a pivotal role in shaping the future of banking. We are seeking a highly skilled and experienced professional to join our dynamic Commercial Portfolio Management team.

About the Role
As a Commercial Mortgage Underwriter Lead, you will be responsible for underwriting renewals, assumptions, and annual reviews related to all commercial mortgage product types. You will adhere to established policies and underwriting standards, meeting compliance and control requirements while providing solutions to clients in a timely manner to achieve service goals and annual retention targets. Additional credit-related and administrative duties include reporting, pipeline management, and managing relationships with external business partners and various staff within the Commercial Department and other internal departments.

Key Responsibilities
- Manage renewals, assumptions, annual reviews, and ad-hoc requests to meet prescribed deadlines.
- Ensure compliance with the Bank's established lending guidelines, risk appetite, and procedures by submitting recommendations to the appropriate level of authority for approval.
- Deliver superior customer service and internal contacts (management, funders, coordinators, etc.) to ensure all transactions and ad-hoc requests meet prescribed deadlines in a timely and efficient manner.
- Contribute to special projects as assigned from time to time.

Requirements
- Proficient underwriting skills preferably with a minimum 3-5 years' commercial mortgage experience and/or SFR underwriting experience.
- Working knowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada.
- Post-secondary education (diploma/degree) preferably in business or finance.
- Bilingualism (French/English) is considered an asset.
- 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).
- Strong organizational and time management skills.
- Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise, and professional manner.
- The incumbent should be prepared to manage files of greater complexity at all times and shall possess strong cognitive skills, professional judgment, and the ability to work independently with minimal supervision to properly assess individual transactions and rely on past experiences to assist in mitigating risk.

What We Offer
- Estimated Salary: $80,000 - $120,000 per year.
- Market leading RRSP match program.
- Medical, dental, vision, life, and disability benefits.
- Generous vacation policy and personal days.
- Virtual events to connect with your fellow colleagues.
- A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience.


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