Commercial Mortgage Underwriter, Portfolio Management, CMHC job opportunity at Equitable Bank.



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Equitable Bank Commercial Mortgage Underwriter, Portfolio Management, CMHC
Experience: Highly Experienced
Pattern: hybrid
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Commercial Portfolio Management,Commercial Portfolio Management

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degreeBachelor's (B.Sc.)
loacation Toronto, Canada
loacation Toronto....Canada

Join a ChallengerBeing a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.Our company continues to grow, and today we serve more than 780,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $138 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. The WorkAs part of a growing and dynamic CMHC Portfolio Management team, the Commercial Mortgage Underwriter is responsible for underwriting, renewals, assumptions, and ad-hoc pertaining to all CMHC-insured commercial mortgages. The Underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements, while finding creative solutions in a timely manner to achieve service goals as well as annual target volumes. Additional credit-related and administrative duties are also required such as reporting and pipeline management as well as networking with our partners along with various staff within the Commercial department & other internal departments. \nThe core parts of your role would be to:On a daily basis, the incumbent will strive to provide superior customer service with respect to our partners and building a strong relationship.  On a daily basis, the incumbent will ensure, renewals, assumptions, and ad-hoc requests are completed quickly, efficiently, and accurately.  On a daily basis, the incumbent is responsible for ensuring that credit risk is within approved guidelines. Credit documentation shall be thoroughly assessed in accordance with established policies and underwriting procedures, with recommendations submitted in compliance with the Bank’s delegated authority limits.  On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines  On a weekly, monthly, and/or quarterly basis, the incumbent will be responsible for the preparation and management of various reports e.g., Maturity Reporting, as required for the department/Company which will be relied upon by Senior Management. On a daily basis, the incumbent will be responsible for contributing to special projects as assigned from time to time Let's Talk About You!Post-secondary education preferable in business or finance  Bilingualism (French/English) is considered an asset. Proficient underwriting skills with a minimum 2-4 years’ commercial mortgage experience.  Sound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affecting the commercial mortgage market.  Good working knowledge of MS Office (primarily Word and Excel)  Effective analytical and problem-solving skills  Strong organizational and time management skills  Ability to handle multiple competing priorities  Demonstrated ability to work independently to achieve goals  Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise, and professional manner. Job Complexities/Thinking ChallengesThe position requires an individual to be a self-starter, with the ability to make sound underwriting decisions as efficiently as possible. The incumbent shall possess strong cognitive skills, professional judgement, and the ability to work independently with minimal supervision to properly identify and mitigate risks associated with individual loan. The incumbent is required to follow corporate policies, procedures, and regulatory requirements to work through files and rationalize the recommendations or decisions made. Existing accounts are unique in nature and fulsome information is not always available. As such, the incumbent must be comfortable making recommendations based on incomplete information \nWhat 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 and personal days ????  Virtual events to connect with your fellow colleagues????  Professional development and 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 2200-25 Ontario Street, Toronto, ON.  Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.  We can’t wait to get to know you! 

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