Lead Commercial Credit Specialist

4 days ago

Toronto, Ontario, Canada Equitable Bank Full time

About the Role

We are seeking a highly skilled Lead Commercial Credit Specialist to join our team at Equitable Bank. In this role, you will be responsible for overseeing all aspects of commercial credit management, ensuring that transactions are processed efficiently and effectively.

Key Responsibilities

  • Review loan analyses submitted by commercial mortgage underwriters, approve applications within prescribed limits, and ensure that approved deals close as scheduled.
  • Provide support, guidance, and mentoring to team members on a daily basis.
  • Develop and implement effective strategies for managing CMHC portfolio performance.
  • Coordinate quarterly servicing audits, compile audit sample batches, assign files to team members, review results, and prepare reports for management.
  • Communicate with internal and external contacts to ensure timely and efficient processing of transactions.

Requirements

  • Minimum 5 years of experience in underwriting commercial real estate transactions, including CMHC-insured multi-unit commercial mortgages.
  • Post-secondary education (diploma/degree) in business or finance.
  • Bilingualism is an asset.
  • Strong leadership and coaching skills with the ability to set strong examples for colleagues.
  • Working knowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada.
  • Proven ability to thrive in a constantly changing environment and perform well in high volume, high intensity environments.
  • Effective analytical and problem-solving skills, with the ability to handle multiple competing priorities and make decisions under pressure.

What We Offer

  • A competitive annual salary of $120,000-$140,000, depending on experience.
  • A comprehensive benefits package, including medical, dental, vision, life, and disability insurance.
  • An Employee Share Purchase Plan and a generous vacation policy.
  • Ongoing professional development opportunities and a fulfilling work environment.

About Us

Equitable Bank is one of Canada's leading FinTechs, dedicated to creating a new kind of banking experience. As a hybrid workplace, we offer flexibility and remote work options, as well as access to state-of-the-art office space located in downtown Toronto.

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