Commercial Mortgage Analyst, CMHC

EQ Bank | Equitable Bank; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Commercial Mortgage Analyst to underwrite CMHC-insured commercial mortgages. The candidate should have a minimum of 2 years of relevant experience and strong analytical skills. This position offers a competitive bonus, medical benefits, and a flexible working environment, contributing to innovative banking solutions in Canada.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Generous vacation policy

Annual professional development allowance

Qualifications

• Minimum 2 years commercial mortgage experience and/or SFR underwriting experience.
• Effective analytical and problem solving skills.
• Ability to handle multiple competing priorities.

Responsibilities

• Analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio.
• Communicate with external contacts and internal teams for timely processing of reviews.
• Manage deal flow to meet prescribed deadlines.

Skills

Bilingualism

Commercial mortgage experience

Service excellence

Analytical skills

Organizational skills

Time management

Communication skills

Education

Post-secondary education in business or finance

Tools

MS Office (Word and Excel)

Job description

Join a Challenger

Being 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 670,000 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 six million members. Together we have over $125 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 Work

As part of a growing and dynamic commercial team, the Commercial Mortgage Analyst is responsible for underwriting annual reviews for 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 in order 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 external business partners along with various staff within the Commercial department & other internal departments.

The core parts of your role would be to:

• 70% On a daily basis, the incumbent will analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio. This will include the initial migration of existing loans to a new underwriting platform. Attention must be made to ensure compliance with the company’s established lending guidelines and procedures. The incumbent will submit prepare an annual review submission for approval by management.
• 20% On a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (managers, administrators, and other commercial mortgage staff) to ensure that annual reviews are processed in a timely and efficient manner.
• 10% On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines.

Let's Talk About You!

• Bilingualism is an asset
• Minimum 2 years commercial mortgage experience and/or SFR underwriting 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
• Established organizational skills
• Ability to handle multiple competing priorities
• Good time management skills
• Excellent communication skills, both oral and written

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 reviews 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 and personal days

🖥 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 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!