Analyst II, Commercial Financing

First National Financial LP; Calgary; Hybrid; CAD 58,000 - 97,000; Full time

Benefits offered by this job

base salary

bonus

benefits

career advancement opportunities

Job summary

First National Financial LP in Calgary is seeking an Analyst II in the Commercial Financing group to support the mortgage portfolio. You will analyze financials, rent rolls, and supporting documents for CMHC and conventional real estate loans, ensuring compliance with lender and investor guidelines.

You will coordinate with funders, investors, legal teams, and third parties, develop pro forma construction forecasts, monitor loan draws, and assist in loan approvals.

Qualifications

• Undergraduate degree and/or MBA with finance/real estate focus.
• Minimum 2 years in a related commercial real estate role.
• Knowledge of real estate lending regulations and financial analysis.

Responsibilities

• Analyze financial information on commercial properties to determine loan size, terms, and pricing.
• Review third-party reports to ensure compliance with investor requirements.
• Prepare loan summaries with financial analysis for loan approvals.
• Coordinate with funder, investor, legal, and consultants to meet loan conditions.
• Develop construction/development pro-forma for multi-unit housing projects.

Skills

Financial analysis

Attention to detail

Self-starter

Multitasking

Education

Undergraduate degree in Finance/Real Estate

MBA preferred

Tools

Excel

Financial modeling

CRM/loan systems

Job description

We are hiring an Analyst II in the Commercial Financing department!

• Reporting To: Assistant Vice President, Commercial Financing
• Full-Time/Part-Time: Full-time
• Salary Range: $58,208 - $97,013
• Posting Date: September 14, 2026
• Closing Date: October 14, 2026
• Hours of Work: 8:30 a.m. – 5:00 p.m.
• Grade: 12.2
• Office Location: Calgary
• Great location! Steps away from the main public transit station
• What we offer: Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!
• Eligibility for benefits is dependent on the terms of employment

The Role:

The Analyst II contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer and investor policies. The role is specific to CMHC, construction and conventional commercial real estate financing requests.

What you will do:

• Analyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricing
• Review third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditions
• Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
• Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met
• Develop and analyze construction/development pro-forma as of various multi‑unit housing type projects
• Monitor on‑going construction loan draws, cross‑referencing budgets, and ensuring applicable undertakings are performed
• Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
• Perform other duties as necessary to support the goals and objectives of the commercial mortgage division

The Requirements Needed:

• Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline
• Minimum 2 years’ experience in a relative commercial real estate role
• Knowledge of applicable real estate lending regulations is a must
• Experience in financial analysis (i.e. balance sheet, income statement)
• Organizational skills to manage several ongoing and competing tasks simultaneously
• High degree of consistent accuracy and attention to detail
• Able to work with minimum supervision
• Results oriented and highly motivated
• Self-starter
• Preferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a real estate focus
• Familiarity with principles of property valuation and the construction process
• Advanced PC skills, with an emphasis on Word and Excel

Why join First National?

• Supportive teamwork focused environment
• Collaborative entrepreneurial spirit
• Extensive training programs to set our employees up for success
• Bright open concept office environment
• Large kitchens with a coffee and latte maker to enjoy at no cost
• Opportunities to give back to the communities and work through events focused on a variety of charities
• Ongoing social events throughout the year

The team you will join:

Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.

The Commercial department at First National is Canada’s largest commercial real estate lender. Working with the best real estate owners in the country, we are active in every major market across Canada and offer a wide variety of mortgage products that are structured to meet our clients specific needs.

At First National, It’s in our Nature is our rallying cry. It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community. Our nature defines who we are and guides every decision we make.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at [e-mail].

We would like to thank all applications for their interest, but only candidates selected for an interview will be contacted.