Senior Commercial Finance Manager

3 weeks ago


Vancouver, British Columbia, Canada First National Full time

Job Summary:

The Senior Commercial Finance Manager will contribute to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer and investor policies.

Key Responsibilities:

  • Provide oversight and support to more analysts working directly within the team, including reviewing underwriting, credit applications and loan commitments.
  • Ability to handle complex transactions from start to finish with minimal oversight.
  • Work directly with clients and prospects to gather due diligence, advance relationships and recommend appropriate mortgage solutions.
  • Make decisions on advancement of loan opportunities, complex structuring and credit.
  • Analyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricing.
  • Review third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditions.
  • Review conditions and exception requests and prepare recommendations to credit/investors. Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptions.
  • Prepare loan summary including financial analysis and credit documents to assist in the loan approval process.
  • Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met.
  • Coordinate with clients and prepare Letters of Interest and Commitment Letters along with managing information flow to ensure smooth loan transactions.
  • Develop and analyze construction/development pro-forma as of various multi-unit housing type projects.
  • Monitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed.
  • Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National.
  • Assist from time to time in preparation for prospect and existing client meetings.
  • Assist in training and mentorship of other team members.
  • Perform other duties as necessary to support the goals and objectives of the commercial mortgage division.
  • Adhere to policies/procedures to ensure AML requirements are met, when applicable.

Requirements:

  • Experience in commercial real estate lending is a must.
  • Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline.
  • Knowledge of applicable real estate lending regulations is a must.
  • Experience in financial analysis (balance sheet, income statement).
  • Organizational skills to manage several ongoing and competing tasks simultaneously.
  • Experience communicating with clients, appraisers, engineers, lawyers, consultants, investors and/or credit committees.
  • Strong understanding of legal documentation, ownership structures and AML requirements.
  • Preferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a commercial mortgage focus.
  • Familiarity with principles of property valuation and the construction process.
  • Advanced PC skills, with an emphasis on Word and Excel.
  • High degree of consistent accuracy and attention to detail.
  • Able to work with minimum supervision.
  • Results oriented and highly motivated self-starter.
  • Bilingualism (French, English) an asset.

About First National:

First National is one of Canada's largest non-bank lenders. We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.

At First National, It's in our Nature is our rallying cry. It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community. Our nature defines who we are and guides every decision we make.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.



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