Associate Analyst, Commercial Financing

We are hiring an Associate Analyst, Commercial Financing

Reporting To:

Assistant Vice President, Commercial Financing

Full-Time/Part- Time:

Full-time

Posting Date:

November 21, 2025

Closing Date:

December 5, 2025

Hours of Work:

8:30 a.m. – 5:00 p.m.

Grade:
Office Location:     

6.2
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 Associate Analyst contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications consistent with internal, insurer and investor policies

How you will contribute:

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
Learn the basics of underwriting of simple income producing property
Learn how to identify risk and ways to mitigate risks associated with underwriting
Review third party reports including appraisal, phase 1/2 environmental reports and engineering reports, to determine compliance with investor requirements, product lending, guidelines, loan terms and conditions
Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
Learn how to put a commitment letter together which outlines the transaction and begin to understand the legal clauses incorporated into the commitment letter and why they are contained in the commitment
Coordinate with Funder, Investor, Solicitor and other third party consultants to ensure loan conditions are met
Monitor pending and approved loans in your pipeline using the CRM to ensure timelines are met and to keep the team and commercial credit appraised of any changes affecting projections and revenue of the team and company
Working with assumptions, renewals and administration to respond in a timely manner to requests relating to renewing or matured loans, assumptions, undertakings and requests for financial statements
Follow up on maturing loans to determine borrower interest and prepare renewal underwriting, loan summary, and coordinate closing of renewal files
Assist in the processing of all construction draw requests
Plan, organize and co-ordinate functions and special events for Management
General and administrative support including: assist Senior Analyst to underwrite larger/complex files, including data entry and compile market research, with BDM to send introduction letters to prospects, photocopying, filing, thank you and/or year-end gifts/baskets, enter CRM updates as required, analyse and complete post-closing servicing requests within required deadlines
Perform other duties as necessary to support the goals and objectives of the commercial mortgage division 

The experience you need:

Undergraduate Degree with a focus in a Finance related discipline
1 - 2 years experience in a commercial mortgage or commercial real estate environment
Familiarity with principles of property valuation
Experience in financial analysis (i.e. balance sheet, income statement)
Knowledge of applicable real estate lending regulations
Advanced PC skills, with an emphasis on Word, Excel and Microsoft Dynamics 365 (CRM)
Organizational skills to manage several ongoing and competing tasks simultaneously
High degree of accuracy and attention to detail
Strong interpersonal communication skills
Able to work with minimum supervision
Results oriented and highly motivated
Self-starter

Working Environment and Physical Demands Analysis:

Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Why join First National?

Competitive Compensation
Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
Extensive training programs to set our employees up for success
Modern office environment conducive to collaboration
Supportive teamwork culture
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year

The team you'll join:
Founded in 1988, First National is one of Canada's largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada's largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
   
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.
 
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 and any other category protected by law.
 
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process.
 
#FNLOON

---