Regional Director, Commercial Originations, Commercial Finance Group (CFG) job opportunity at Equitable Bank.



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Equitable Bank Regional Director, Commercial Originations, Commercial Finance Group (CFG)
Experience: Highly Experienced
Pattern: hybrid
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Salary:
Status:

Large Commercial Origination,Large Commercial Origination

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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 WorkThe Regional Director will be responsible for originating and analyzing new loan opportunities, building and developing new relationships and working in conjunction with the credit and funding teams to ensure proper deal flow from inception to closing.The incumbent will be primarily analyzing, structuring conventional, and construction (both conventional and insured) loan opportunities in a variety of asset classes and assessing their viability in accordance with Equitable’s underwriting and pricing parameters and making appropriate recommendations.The incumbent will liaise with senior executives, procuring large commercial mortgage transactions with direct clients, mortgage brokers and new partners as well as preparing loan summaries, issuing loan proposals, inspecting properties, as well as providing limited account management support to the underwriting group. This position involves cross-functional challenges and is integral to the overall success of the commercial group in meeting annual target volumes.\nThe core parts of your role would be to:Analyze, structure commercial credit opportunities for all conventional commercial mortgage product classes for presentation to senior management (which shall include the VP & MD, Origination CFG, VP, Commercial Credit, Senior VP, Commercial, VP, Credit Risk, SVP, CRO and President/CEO). Attention must be made to ensure transactions are within the company’s established lending guidelines, ROE requirements and procedures. The incumbent will communicate daily with the Origination, Credit, Funding teams, with management, staff within the department and company as well as external contacts (partners, brokers, clients, appraisers, etc.).Communicate and meet with external contacts to procure new commercial transactions and attend all industry related events to promote EQB commercial mortgage program. As well, will be responsible for coordinating marketing initiatives, and identifying new loan opportunities in conjunction with the origination team.Responsible for time management of their deal flow in order to meet prescribed deadlines with the underwriting team.Travel for site inspections or presentations.Let's Talk About You!Post-secondary education (diploma/degree) preferably in business or finance is required. Specialization in Real Estate (e.g. Urban Land Economics, Real Property Valuation/Assessment) a definite assetProficient credit skills with a minimum of 6 years commercial mortgage experience as an analyst, account manager or underwriterExperience with institutional construction lendingSound knowledge of secured lending and factors affecting the commercial mortgage market both regulatory and macro-economic levelExcellent working knowledge of MS Office (primarily Word, Excel and PowerPoint)Effective analytical and problem solving skillsSolid understanding of financial statements and financial ratio analysisWorking knowledge of AML/ATF regulations and Corporate/Legal documentation (both direct and partner originated transactions) for commercial real estate in multiple jurisdictions across CanadaStrong organization and time management skills with the ability to handle multiple competing prioritiesGood time management skillsStrong negotiation, sales ability and presentation skillsDemonstrated ability to work independently albeit in a team environmentHighly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner. In addition, the ability to understand how to secure new businessStrong customer service focus, industry knowledge and a team playerBilingualism is an assetJob Complexities / Thinking Challenges:The position requires an individual to be a mature self-starter, use sound judgement and possess a solid commercial credit background. Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem solving. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations with the ability to provide optimal customer service with a strong aptitude to balance credit and sales functions. Past work experience will help develop likely solutions to conclude loan transactions. Transactions may be presented from multiple external partners, each partner having unique complexities. As such, the incumbent must be able to draw on specific product/document knowledge to assess suitability.\n#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 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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