Director, Credit

**Director, Credit & Underwriting**
**Location**: Moncton, NB
Employment Status**: Permanent, Full-Time

**Join Our Team at IQ Commercial**
iQ Commercial is Atlantic Canada’s leading independent mortgage finance company. We take pride in our expertise, teamwork, and commitment to service excellence. We offer competitive rewards, continuous learning opportunities, and clear pathways for career growth.

**The Role**
We are looking for a detail-oriented **Director, Credit & Underwriting** to join our growing Commercial Real Estate division. This is an excellent opportunity for an experienced professional in real estate finance underwriting to thrive in a fast-paced, entrepreneurial environment.

**Key Responsibilities**

**Loan Underwriting and Analysis**
- Structure and underwrite both conventional and CMHC loans, conducting in-depth creditworthiness assessments.
- Prepare detailed Loan Submissions and Term Sheets by gathering essential documents (e.g., rent rolls, financial statements, leases, appraisals).
- Conduct comprehensive loan assessments and develop reasoned recommendations.
- Propose alternative loan structures to address underwriting challenges.

**Documentation and Reporting**
- Draft Commitment Letters outlining loan terms and conditions.
- Coordinate loan rate settings, funding schedules, and asset management tasks.
- Summarize property details, financial figures, and analysis into concise Loan Summaries for investor review.

**Market Research and Client Interaction**
- Track national market trends (vacancy rates, rental trends, cap rates, property values).
- Share insights with borrowers, brokers, and investors.
- Build strong relationships with CMHC, brokers, appraisers, and other stakeholders.

**Mentorship and Team Support**
- Provide training and mentorship to Junior Underwriters.
- Collaborate with the Partners, other Directors and Vice Presidents on best practices.

**What You Bring to the Team**

**Experience**
- Minimum 3 years of commercial underwriting experience focused on office, retail, industrial, and multi-unit residential properties.
- Familiarity with CMHC policies and procedures related to multi-unit residential properties.
- Strong knowledge of commercial real estate market trends, transactions, and valuation metrics.

**Skills & Knowledge**
- Expertise in analyzing AACI Appraisals, Environmental Reports, and
Building Condition Assessments.
- Advanced financial analysis skills for property evaluation and data compilation.
- Strong organizational and time-management abilities.
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
- Exceptional communication, problem-solving, and decision-making skills.
- Ability to work independently and collaboratively within a team environment.
- Commitment to integrity and accountability.

**Education**
- Bachelor’s degree in business, Commerce, or a related field.

**Why Choose IQ Commercial?**
- Be part of a dynamic and innovative team.
- Enjoy to continuous learning and development opportunities.
- Grow your career with a leading mortgage finance organization in Atlantic Canada.

Pay: $85,000.00-$125,000.00 per year

Additional pay:

- Bonus pay

**Benefits**:

- Company events
- Dental care
- Extended health care
- Paid time off
- Vision care

Schedule:

- 8 hour shift
- Monday to Friday
- Weekends as needed

Work Location: In person

Application deadline: 2025-02-14
Expected start date: 2025-04-01