Senior Commercial Credit Underwriting Manager

3 weeks ago


Toronto, Ontario, Canada Equitable Bank Full time

Key Responsibilities

  • The successful candidate will be responsible for reviewing loan analyses and approving applications within prescribed limits.
  • They will also ensure that approved deals close as scheduled and efficiently by following up on outstanding conditions/documents and adhering to established guidelines.
  • Additionally, the incumbent will provide support, guidance, and mentoring to team members, ensuring they adhere to company policies and guidelines.

Training and Guidance

  • The incumbent will be responsible for providing ongoing training and guidance to staff members, including regular staff meetings and one-on-one discussions.

Portfolio Management

  • The incumbent will manage all aspects of CMHC portfolio management, excluding CMHC annual reviews.
  • This includes proactively managing upcoming maturities, monitoring the CMHC Maturities Pipeline, coordinating the quarterly CMHC servicing audit, and ensuring all lending criteria are satisfied.

Employee Support

  • The incumbent will prepare and conduct employee targets and performance reviews, as well as interview candidates for available positions.

Communication

  • The incumbent will communicate with internal and external contacts to ensure transactions are processed in a timely and efficient manner, delivering superior customer service.

Administrative Duties

  • The incumbent will be responsible for various administrative and reporting duties required for the department/Company, which will be relied upon by Senior Management.

Requirements

  • Minimum 5 years of experience in underwriting commercial real estate transactions, including CMHC-insured multi-unit commercial mortgages.
  • Post-secondary education (diploma/degree), preferably 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 a high volume, high intensity environment.
  • Proven ability to inspire a team to work toward a set of goals and objectives.
  • Highly developed verbal and written communication skills with the ability to communicate to Management, Partners, and Clients in a clear, concise, and professional manner.
  • Sound technical knowledge of commercial real estate underwriting, financial statement analysis, and factors affecting the commercial mortgage market.
  • Effective analytical and problem-solving skills.
  • Strong organizational and time management skills.
  • Ability to handle multiple competing priorities and make decisions under pressure.
  • Proficient in MS Office.


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