Commercial Mortgage Underwriter

Equitable Group; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking financial institution as a Commercial Mortgage Underwriter, where you'll innovate the underwriting process for both CMHC-insured and conventional commercial mortgages. This dynamic role requires a keen eye for detail and a commitment to compliance while driving towards ambitious service goals. You'll engage in credit-related tasks, administrative responsibilities, and build strong networks with external partners. If you're ready to redefine banking and make a significant impact in the industry, this opportunity is perfect for you. Be part of a vibrant team that values creativity and collaboration!

Benefits

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 policy

Annual professional development allowance

Comprehensive Career Development program

Virtual events to connect with colleagues

Qualifications

• 4-5 years of experience in commercial mortgage underwriting.
• Strong analytical and problem-solving abilities are essential.

Responsibilities

• Underwrite loans from $2.5 million to $150 million ensuring compliance.
• Liaise with external partners and internal teams for efficient communication.

Skills

Underwriting Skills

Analytical Skills

Communication Skills

Time Management

Problem-Solving

Bilingualism

Education

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

Tools

MS Office (Word and Excel)

Job description

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall 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

Join our vibrant and forward-thinking commercial team as a Commercial Mortgage Underwriter! In this dynamic role, you'll be at the forefront of underwriting both CMHC-insured and conventional commercial mortgages. You'll navigate established policies and underwriting standards with creativity and precision, ensuring compliance while driving towards ambitious service goals and annual targets. Beyond underwriting, you'll engage in credit-related tasks, administrative responsibilities, and build strong networks with external business partners and internal teams.

The Core Responsibilities!

• Innovative Underwriting and Analysis (60%): Dive into the exciting world of commercial credit facilities, underwriting loans ranging from $2.5 million to $150 million. Your keen eye for detail and innovative approach will ensure compliance with lending guidelines, while your recommendations will shape the future of our business. You'll ensure all lending criteria are met, and documentation is handled swiftly and efficiently.
• Dynamic Communication and Coordination (20%): Be the linchpin in our communication network, liaising daily with external partners and internal teams. Your ability to streamline processes and deliver exceptional customer service will be key to meeting funding deadlines and exceeding expectations.
• Efficient Time Management (10%): Master the art of time management, juggling multiple deals and ensuring all tasks are completed within prescribed deadlines. Your organizational skills will keep the workflow smooth and efficient.
• Strategic Administrative and Reporting Duties (10%): Take on crucial administrative and reporting tasks that support the department and company. Your insights and reports will be invaluable to Senior Management, driving strategic decisions and growth.

Let's Talk About You!

• Bilingualism is a plus.
• Proven underwriting skills with 4-5 years of commercial mortgage experience.
• A track record of service excellence in the field.
• Post-secondary education (diploma/degree) preferred, ideally in business or finance.
• Proficiency in MS Office (Word and Excel).
• Strong analytical and problem-solving abilities.
• A sharp business sense and deep technical knowledge of secured lending and the commercial mortgage market.
• Exceptional organizational skills and the ability to manage multiple priorities.
• Excellent time management skills.
• Outstanding communication skills, both oral and written.
• Enthusiasm for attending industry-related events and staying ahead of market trends.

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

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!