Analyst Commercial RE VCIB

Vancity; Toronto; On-site; CAD 65,000 - 80,000; Full time

Benefits offered by this job

Living Wage Employer

Customizable Benefits

Generous Vacation

Extra Stat Holidays

Immediate Health Coverage

Defined Benefit Pension

Job summary

Vancity Community Investment Bank is seeking an Analyst, Commercial Real Estate to drive real estate financing decisions and support client relationships. You will complete annual reviews, prepare loan amendments, assist with renewals, and help with information collection and loan advances.

This permanent, full-time role offers hybrid work from the head office and Ontario-based home office, with in-office commitment once a week.

Qualifications

• Bachelor's degree in business, economics, finance, or related field.
• 2-3 years of experience in commercial real estate or commercial lending.
• Knowledge of the Ontario commercial real estate market; interest in social-purpose and sustainable real estate.
• Experience in CRE credit underwriting and/or operations with strong financial analysis.
• Strong interpersonal, writing, and communication skills (oral and written).
• Business or commercial banking experience is an asset.

Responsibilities

• Complete annual reviews within policy guidelines.
• Assist with portfolio management through loan documents and amendment letters.
• Prepare loan renewal applications and renewal letters.
• Support management in collecting and managing client information requests.
• Support funding and loan facility advance processes.
• Assist with new lending opportunities by preparing credit applications.
• Deliver high standard of service and respond promptly to requests.
• Support additional projects as assigned.

Skills

Analytical thinking

Communication skills

Relationship building

Multi-tasking

Education

Bachelor's degree

Tools

Credit underwriting

Job description

Our Story & Purpose:

We're Vancity, a member-owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers. We've made bold commitments to become net-zero by 2040 across all mortgages and loans, and we're actively pursuing strategies in Indigenous banking and financial resilience for our members.

Vancity Community Investment Bank (VCIB) is an Ontario-based subsidiary of Vancouver City Savings Credit Union (Vancity). As Canada's first values-driven bank, VCIB provides financing solutions to help purpose-driven businesses and organizations create, grow and foster change. At VCIB, we embrace your strengths and your ambitions, so you feel empowered at work. We need talented, passionate professionals who are dedicated to using finance as a force for good and doing what's right for our clients.

Your Role in Supporting Our Members:

As an Analyst, Commercial Real Estate, you'll be a key player in driving real estate financing, supporting high-impact lending decisions, and helping build valuable client relationships. Working closely with the Sr. Manager, Commercial Real Estate, you'll complete annual reviews, prepare loan amendment documentation, assist with loan renewals and assist with the collection of client information and loan facility advances.

This permanent, full-time role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity Community Investment Bank head office location and your Ontario based home office. This role may require you to work in-office at least once a week.

How You'll Make an Impact:

• Complete annual reviews accurately and timeously within policy guidelines.
• Assist with portfolio management through the preparation and submission of Loan Communication Documents and Loan Amendment Letters.
• Assist with the preparation of loan renewals applications and Loan Renewal Letters accurately, within lending policy and in a timely manner.
• Support Sr. Manager, Commercial Real Estate in the collection and management of client information requests.
• Support Sr. Manager, Commercial Real Estate in the funding and loan facility advance processes.
• From time to time, support new lending opportunities by preparing credit applications.
• Deliver a high standard of service by responding promptly to work requests and taking initiative.
• Support additional projects as assigned.

What You'll Bring to the Team:

• Bachelor's degree in business, economics, finance, or a related field.
• 2-3 years of experience in commercial real estate or commercial lending.
• Knowledge of the Ontario commercial real estate market, with experience or a strong interest in social-purpose and sustainable real estate.
• Experience in commercial real estate credit underwriting and/or operations, with demonstrated financial and business analysis skills.
• Strong interpersonal, writing, and communication skills (oral and written).
• Business or commercial banking experience is considered an asset.

What You'll Earn:

This role offers a salary range of$65,000 to $80,000. The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

You'll Thrive Here If You Are:

• A problem solver - You have an analytical mind and can multi-task to come up with solutions
• A great communicator - You find it easy to get to know others and have great conversations
• Ready for a challenge - You have a positive attitude and are able to work in a fast-paced changing environment
• Resourceful - You understand and utilize the network of resources available to you and can independently formulate appropriate solutions for your members
• A strong relationship builder- You find it easy to get to know others and build trust

What You'll Earn:

This role offers a salary range of$65,000 to $80,000. The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

Why You'll Love Working Here:

A career at Vancity is more than just a job, you're joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Living Wage Employer: We're the largest private-sector Living Wage Employer in Canada and consistently ranked among Canada's Top Employers.
• Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
• Generous Vacation: New employees start with 3-4 weeks of vacation per year, with additional days earned over time.
• Extra Stat Holidays: In addition to BC's 11 statutory holidays, we offer 2 extra days, plus care days for personal or family illness.
• Immediate Health Coverage: Health and dental benefits begin on your hire date, with three levels of coverage to choose from.
• Defined Benefit Pension: Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone.