Commercial Mortgage Analyst, CMHC

Equitable Group; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Commercial Mortgage Analyst responsible for underwriting and managing mortgage loan reviews. This role requires a minimum of 2 years of experience in commercial mortgage underwriting and strong analytical skills. Join a dynamic team that values inclusion and diversity and offers competitive pay alongside excellent benefits including a discretionary bonus and RRSP match program. This position allows for hybrid working arrangements.

Benefits

Competitive discretionary bonus

Market-leading RRSP match program

Medical, dental, vision, life, and disability benefits

Generous vacation and personal days

Professional development allowances

Qualifications

• Minimum 2 years of commercial mortgage or SFR underwriting experience.
• Proven service excellence in your field.
• Organizational skills and ability to handle multiple priorities.

Responsibilities

• Analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio.
• Communicate with external partners and internal staff to process reviews efficiently.
• Manage your deal flow to meet deadlines effectively.

Skills

Bilingualism

Analytical skills

Problem-solving skills

Communication skills

Education

Post-secondary education in business or finance

Tools

MS Office

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 that break through the status quo. 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, serving over 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, with over 50 years of experience. Our wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together, we manage over $125 billion in assets, driving change in Canadian banking to enrich people's lives. Our EQ Bank digital platform has been named 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, ensuring compliance while finding creative solutions to meet service goals and volume targets. Additional duties include reporting, pipeline management, and networking with external and internal partners.

Core Responsibilities :

• Analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio, including migrating existing loans to a new platform, ensuring compliance, and preparing review submissions for management approval. (70%)
• Communicate with external origination partners and internal staff to process reviews efficiently and timely. (20%)
• Manage your deal flow to meet deadlines effectively. (10%)

About You

• Bilingualism is an asset
• Minimum 2 years of commercial mortgage or SFR underwriting experience
• Proven service excellence in your field
• Post-secondary education in business or finance preferred
• Proficient in MS Office (Word, Excel)
• Strong analytical and problem-solving skills
• Organizational skills and ability to handle multiple priorities
• Excellent communication skills, both oral and written

Job Challenges

• Must be a self-starter capable of making sound underwriting decisions efficiently. Commercial mortgage reviews require creative and proactive problem solving, often with limited information, following corporate policies and regulatory requirements.

LI-Hybrid

What We Offer (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
• Generous vacation and personal days
• Virtual events and professional development allowances
• A unique opportunity to join a top FinTech and innovate banking experiences

The role is hybrid, based at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank values inclusion and diversity, supporting a barrier-free recruitment process. Please inform us of any accommodations needed during the application process. All hires will undergo criminal and credit background checks. Only candidates closely matching the role will be contacted.

We look forward to meeting you!