Commercial Mortgage Analyst, CMHC

EQ Bank; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

A leading financial institution in Toronto is seeking a skilled Commercial Mortgage Analyst to underwrite commercial mortgages while ensuring compliance with lending guidelines. The ideal candidate will have a background in commercial mortgage underwriting with strong analytical capabilities, effective communication skills, and a proven record of service excellence. This is a full-time, hybrid position offering competitive benefits and opportunities for professional development.

Benefits

Competitive discretionary bonus

Market-leading RRSP match program

Comprehensive medical, dental, and vision benefits

Employee Share Purchase Plan

Generous vacation policy and personal days

Virtual events to connect colleagues

Annual professional development allowance

Qualifications

• Minimum 2 years of commercial mortgage or SFR underwriting experience.
• Good knowledge of MS Office (Word and Excel).
• Strong analytical and problem-solving skills.

Responsibilities

• Analyze and underwrite annual reviews for mortgage loans.
• Communicate with external and internal contacts to ensure timely processing.
• Manage deal flow to meet deadlines efficiently.

Skills

Bilingualism

Commercial mortgage or SFR underwriting experience

Service excellence

MS Office (Word and Excel)

Analytical skills

Time management skills

Communication skills

Education

Post-secondary education (diploma/degree) in business or finance

Job description

Join a Challenger

Being a traditional bank 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 who break through the status quo. If you're passionate about redefining the future of banking and 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 and enrich people's lives. Customers have named our EQ Bank digital platform 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 standards, meet compliance requirements, and find creative solutions in a timely manner to achieve service goals and annual target volumes. Additional duties include reporting, pipeline management, and networking with external business partners and internal departments.

The core responsibilities include:

1. Analyzing and underwriting annual reviews for mortgage loans within the CMHC-insured portfolio, including migrating existing loans to a new underwriting platform. Ensuring compliance with lending guidelines and preparing review submissions for management approval.
2. Communicating with external contacts (origination partners) and internal contacts (managers, administrators, and staff) to ensure timely processing of reviews.
3. Managing deal flow to meet deadlines efficiently.

About You!

• Bilingualism is an asset.
• Minimum 2 years of commercial mortgage or SFR underwriting experience.
• Proven service excellence in the field.
• Post-secondary education (diploma/degree), preferably in business or finance.
• Good knowledge of MS Office (Word and Excel).
• Strong analytical and problem-solving skills.
• Excellent organizational and time management skills.
• Ability to handle multiple priorities effectively.
• Excellent oral and written communication skills.

Job Challenges

• The role requires a self-starter capable of making sound underwriting decisions efficiently. Commercial mortgage reviews can be complex, requiring creative and proactive problem-solving. Candidates must follow corporate policies, procedures, and regulatory requirements, often working with limited information to rationalize decisions.

LI-Hybrid

What We Offer

• Full-time, permanent role with competitive discretionary bonus.
• Market-leading RRSP match program.
• Comprehensive medical, dental, vision, life, and disability benefits.
• Employee Share Purchase Plan.
• Maternity/Parental top-up.
• Generous vacation policy and personal days.
• Virtual events to connect colleagues.
• Annual professional development allowance and career growth opportunities.
• A chance to join a top FinTech and help create a new banking experience.

The position is hybrid, with in-office work at our Toronto office located at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is committed to inclusion and diversity, supporting a barrier-free recruitment process. Candidates will be required to pass a criminal background and credit check. We will contact only those candidates whose skills and qualifications match the role.

We look forward to meeting you!

Required Experience:

Key Skills

Loan Origination, Sales Experience, Microsoft Office, Financial Services, Customer Service, Organizational Skills, Communication Skills, Military Experience, Fair Housing Regulations, Inside Sales, Outside Sales, Word Processing

Employment Type: Full-Time

Experience: 2+ years

Vacancy: 1