Analyst, Commercial Renewals

We are hiring an Analyst, Commercial Renewals
**Reporting To**: Senior Director, Commercial Renewals & Assumptions
**Full-Time/Part
- Time**: Full-time (Hybrid)
**Posting Date**: May 14, 2025
**Closing Date**: May 28, 2025
**Hours of Work**: 8:30 a.m. - 5:00 p.m.
**Grade**: 8
**Office Location**: Downtown Toronto Great location Steps away from the main public transit station
**What we offer**:
Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities
- Eligibility for benefits is dependent on the terms of employment

**The Opportunity**:
The Renewals Analyst is responsible for the processing of Commercial Mortgage Renewals and Assumptions, in accordance with company policies and procedures. The Renewals Analyst will be responsible for the overall integrity of our files and updates to our loan system.
- Ensure maturing loans up for renewals and assumptions are processed in a timely manner in line with company policies and procedures.
- Perform a complete review of renewal and assumption underwriting binder and commitment letter before submitting for credit approval.
- Liaise with solicitors, insurance consultants, investors, originators and all parties associated with each transaction to ensure all First National requirements are satisfied and our files are updated accordingly.
- Maintain daily all files to ensure updated information are always available to provide proper coverage on each file.
- Responsible for saving all renewal and assumption documentation to our files and properly naming documents per our naming conventions for transfer to our commercial servicing area.
- Assist with the maintenance of reports that are used by senior management, investors and other parties.
- Review reports generated from our loan system, for loans in extension period to ensure PACs are setup accurately for monthly payment and M2M is processed accordingly.
- Communicate to management on any changes in policy or procedure for updates to our Procedures Manual for the Renewals & Assumptions team.
- Provide back up in the absence of other team members.
- Complete special projects as assigned by Management.

**The Requirements Needed**:

- Post-secondary education
- Working knowledge of Quebec commercial mortgage legal documentation is a definite asset
- Two or more years’ experience in the mortgage/financial industry
- Experience working with the Optimus system a definite asset
- Good understanding of mortgage security documentation
- Prior experience processing mortgage assumptions, renewals and/or new loan transactions an asset
- Understanding of the AML and Down Payment Verification requirements an asset
- Experience working in a paperless office environment
- Strong written communication skills, in English
- Extremely organized and detail oriented

**The team you will join**:
Founded in 1988, 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.
FNLOON