Commercial Mortgage Underwriter Specialist

1 week ago


Calgary, Alberta, Canada AY Talent Full time

As a Commercial Mortgage Underwriter Specialist at AY Talent, you will have the opportunity to work with a commercial real estate capital provider that offers mortgage investments across all real estate asset classes in Canada and the United States.

The company's equity platform is focused on opportunistic investments in ground up and value-add projects in Canada and the United States. As an underwriter, your key responsibilities will include conducting due diligence and investigation to develop an understanding of the borrower's profile, analyzing and interpreting financial data, assessing the value of the underlying asset, and underwriting and funding commercial mortgage transactions.

You will be responsible for preparing prequalification summaries, term sheets, credit presentations, commitment letters, buy sheets, gathering and reviewing conditions precedent and legal documents, and all related matters to fund loans within tight deadlines. Additionally, you will maintain ongoing interaction with clients, including performing site visits, and internal credit committee to ensure thorough underwriting and funding of the loan.

To succeed in this role, you will need to stay current with market information and commercial mortgage market trends. Building a network within the industry through meetings, events, and involvement in real estate trade organizations is also essential.

A relevant undergraduate degree, preferably with a focus in business or related field, is required. You should have minimum 2-3 years' work experience in an underwriting role in Commercial Real Estate or co-op experience in real estate or underwriting. Advanced level user skills in Microsoft Office (Excel, Word, PowerPoint, SharePoint) are necessary.

The ideal candidate will possess a passion for real estate combined with an understanding of financial analysis. This role involves working from home initially and then transitioning to full-time office work. The salary for this position is estimated to be around $80,000 per year, taking into account the location and industry standards.

We offer a competitive salary package, as well as dental care benefits, making us an attractive option for those looking to advance their careers in commercial real estate underwriting.



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