Manager, Mortgage Underwriting

**Manager, Mortgage Underwriting & Funding**

**Who is MarshallZehr?**

**MarshallZehr Group Inc. (“MZ”)** is an industry leader, providing select mortgage lending and customized financial opportunities in real estate construction and development, headquartered in Waterloo, ON.

Specifically, we specialize in financing transformative projects (ground-up and value-add) across multiple build types, focusing on generating appropriate risk-adjusted returns. Since 2008, MZ has tailored flexible financing solutions for builders, while delivering strong and stable returns for our lenders. Our team of tenacious, dedicated, and passionate professionals leverage deep industry experience and leading-edge technology to service our clients, match their needs, and protect capital at every stage.

**The Opportunity**

We are looking for a Manager, Mortgage Underwriting & Funding to support MZ’s Project Management group and the day to day management of MZ’s loan portfolio. The manager will be responsible for updating MZ’s cashflow forecasting tools, assisting in the completion of project loan advances, review and tracking of mortgage discharges, lender correspondence, and supporting with compliance management.

**The Role**
- Project Evaluation and Underwriting
- Obtaining and evaluating Borrower project specific financing information (i.e. budget, anticipated cashflows, valuations, Borrower credit status, capital structure, security, sales, market, cost comparables, overall risk profile, etc.) with sophisticated financial models/databases for prospective project/financing opportunities. This also includes providing in-depth research materials to support market conditions and potential legislative/regulatory changes impacting potential or existing projects.
- Researching and evaluating project analysis provided by Business Development team or questions as required by Senior Management.
- Communicate with the Borrower and Lender stakeholders/clients to outline project strengthens and weakness and respond to questions as necessary.
- Review loan documents.
- Aid in the execution of the financing transaction closings as required.
- Project Monitoring/Loan Compliance
- Lead the progress funding function by working with the Borrower and Cost Consultants to complete progress advances of development/construction loans.
- Assist team in ongoing monitoring of project performance against loan agreements, budget, timelines and key metrics.
- Assist in the development and maintenance processes to identify or forecast potential issues, highlight and solve these concerns with the Business Development and Senior Management teams.
- Continue to evaluate options which would create value for either the Borrower or Lender through reduced costs or improved risk mitigation.
- Reporting
- Provide regular project reporting re. anticipated transaction closings and fundings and repayments, stage of completion, loan compliance, and other analysis as required for the purpose of forecasting Treasury requirements.
- Assemble due diligence materials and professional marketing materials for presentation to prospective Lender clients.
- Assist with Accounting and Financial Reporting for the MarshallZehr related entities as required.

**What Are We Looking For?**
- Excellent oral and written communication skills with the ability to effectively communicate across all levels within, as well as outside the organization
- Strong analytical skills including proficiency in Excel modelling
- Excellent time management skills
- Post Secondary Degree in the following is an asset:

- Commerce/Finance/Economics
- Business Administration
- Urban Planning & Development
- Will be required to obtain mortgage agent license with FSRA (paid for by MarshallZehr)
- Experience in Commercial Lending, Asset Management, Real Estate Development, Underwriting, or Cost Consulting/Project Monitoring an asset

**Work Environment**

This position is an in-office/in-person with some flexibility as agreed-to with your leader.