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Senior Commercial Underwriting Manager, CFG

Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 370,000 people 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World’s Best Banks 2023, 2022, and 2021 lists. 
The Work
As part of a growing and dynamic commercial team, the Senior Commercial Mortgage Underwriter is responsible for the underwriting of construction and conventional commercial loans. The Senior Underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements, while finding creative solutions in a timely manner in order to achieve service goals as well as annual volume targets. Additional credit-related and administrative duties are also required such as reporting and pipeline management as well as networking with external business partners along with various staff within the Commercial department & other internal departments. The position will be located in Toronto.

The core parts of your role would be to:

  • 60% on a daily basis, the incumbent will analyze and underwrite commercial credit facilities together with additional credit related and administrative duties, for all mortgage product types.  Construction and conventional loans range in size from $2.5 million up to $50.0 million.  Attention must be made to ensure that compliance with the company’s established lending guidelines and procedures are followed with recommendations submitted for approval to management.  The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner. 
  • 20% on a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and funding deadlines.
  • 10% on a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines.
  • 10% 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!

  • Proficient underwriting skills preferably with a minimum 5 years commercial mortgage experience
  • Demonstrated service excellence within their field
  • Post-secondary education (diploma/degree) preferred , preferably in business or finance
  • Good working knowledge of MS Office (primarily word and excel)
  • Effective analytical and problem solving skills
  • Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market
  • Established organizational skills
  • Ability to handle multiple competing priorities
  • Good time management skills
  • Excellent communication skills, both oral and written
  • Ability and desire to attend industry-related events as required

Job Complexities/Thinking Challenges

  • The position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible. 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 or decisions made. In some cases, viability is assessed with limited access to information or documentation
What 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 experience
The 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.
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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