Manager, Commercial Credit CMHC
6 months ago
The core parts of your role would be to:
1. 25% on a daily basis, the incumbent will review loan analyses (CRAs) submitted by commercial mortgage underwriters (including originations, renewals, assumptions, and ad hoc requests) and approve applications within prescribed limits. The incumbent is also responsible to ensure that the approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with established guidelines. On a daily basis, the incumbent is expected to provide support, guidance and mentoring to team members. The incumbent will be responsible for ensuring that team members adhere to company policies and guidelines.2. 25% on a daily basis the incumbent will be responsible for providing ongoing training and guidance to staff members. This will include regular staff meetings and one-on-one discussion with individual staff members.3. 25% on a daily basis, the incumbent will responsible for managing all aspects of CMHC portfolio management (excluding CMHC annual reviews). This includes:proactively managing upcoming maturities to make sure proper resources are available to handle the influx of renewals, extensions and payouts.monitoring the CMHC Maturities Pipeline to accurately track the status of upcoming renewals, refinances, extensions and discharges.coordinating the quarterly CMHC quarterly Servicing audit which includes compiling audit sample batches, assigning audit files to the appropriate team members, reviewing audit results and preparing the quarterly report to be reviewed by management.This is to be accomplished in part by having weekly conference calls with our Partners, monthly meetings with the Director of CFG and working closely with the CMHC coordinator to ensure all lending criteria have been satisfied and outstanding documentation/conditions, if any, are being met in a timely manner.4. 10% on an ad-hoc basis, the incumbent will prepare and conduct employee targets and performance reviews as well as interview candidates for available positions.5. 10% on a daily basis, the incumbent will communicate with internal contacts (funders, managers, administrators) and external contacts (lending partners, mortgage brokers) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service.6. 5% on a monthly basis, the incumbent will be responsible for various administrative and reporting duties required for the department/Company which will be relied upon by Senior Management.Let's Talk About You
Minimum 5 years of experience in underwriting commercial real estate transaction including CMHC-insured multi-unit commercial mortgagesPost-secondary education (diploma/degree), preferably in business or financeBilingualism is an assetStrong leadership and coaching skills with the ability to set strong examples for colleaguesWorking knowledge of AML/ATF regulations and Corporate/Legal documentation (both direct and partner originated transactions) for commercial real estate in multiple jurisdictions across CanadaProven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environmentProven ability to inspire a team to work toward a set of goals and objectivesHighly developed verbal and written communication skills with the ability to communicate to Management, Partners and Clients in a clear, concise and professional mannerSound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affective the commercial mortgage marketEffective analytical and problem solving skillsStrong organizational and time management skillsAbility to handle multiple competing priorities and make decisions under pressureProficient in MS Office#LI-HybridWhat we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy, personal days and even a moving day Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceThe incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.-
Director, Commercial Credit, Cmhc
6 months ago
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