Commercial Portfolio Analyst, Large Commercial

fairstone; Toronto; On-site; CAD 85,000 - 110,000; Full time

Job summary

Home Trust Company is seeking a Commercial Portfolio Analyst, Large Commercial to oversee existing large commercial loans within the mortgage portfolio. The role focuses on renewals, annual reviews, and adherence to regulatory and ERM requirements.

The candidate will analyze borrowers and real estate security, coordinate with servicers, and ensure files meet Home Trust policies and compliance obligations.

Qualifications

• Bachelor's degree in related area with 2 years of experience in commercial underwriting.
• Understanding of commercial mortgage products.
• Strong organizational, time-management and analytical skills.

Responsibilities

• Underwrite renewals and annual reviews for large commercial loans.
• Analyze borrower, guarantor, real estate security and loan terms.
• Communicate with clients, third party servicers or internal partners regarding maturing loans and annual reviews.
• Maintain SAP system accuracy and complete documentation for post-funding quality assurance.
• Complete ad-hoc requests (assumptions, partial discharge) in a timely manner.
• Prepare monthly, quarterly and annual reports for senior management.

Skills

Analytical skills

Time management

Organizational skills

Education

Bachelor's degree in related area

Job description

Who we are:

Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig. Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners' growth. With a diverse suite of products like residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending. We offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.

Home Trust Company has developed a track record of success as Canada's leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.

Join Home Trust as a Commercial Portfolio Analyst, Large Commercial and be part of our talented and growing team!

About the role:

This is a specialized position within Commercial Underwriting that will assist in the oversight of the existing large commercial loans within the commercial mortgage portfolio. Majority of the large commercial loans are sourced through third party servicers. It includes conventional loans as well as CMHC insured loans. Loan sizes are typically large than $2,250,000. The Analyst, Large Commercial is primarily responsible for underwriting renewals and annual reviews for large commercial mortgages in accordance with on-going regulatory, risk and compliance requirements. Large commercial loans typically would require a more detailed analysis when compared to small commercial loans due to the loan size, variety of asset classes and locations, and the complexity of the sponsors loan structure. As such, the Analyst, Large Commercial will be required to complete a thorough review at each renewal / annual review. Additional credit related and administrative duties are also required to support management and regulatory requirements.

Key Responsibilities:

Underwriting:

• Analyze and underwrite renewals and annual reviews with a primary focus in large commercial loans, as part of the ongoing portfolio oversight
• Complete a detailed analysis of the borrower, guarantor, real estate security and loan terms as well as identifying any associated risk.
• Communicate on a regular basis, with direct clients, third party servicers or internal partners regarding mortgages that are maturing and/or coming up for annual review. Request due diligence materials and follow up for any outstanding conditions precedent to renewal/annual review
• Ensure all files and the SAP system of record are accurate and complete. The annual review/renewal document should provide sound risk assessments and be well documented following Home's policies, guidelines and procedures and meeting post-funding ERM quality assurance requirements
• Complete assumption, partial discharge, or other ad-hoc requests in a timely manner.
• Maintain workflow and complete the underwriting of annual review and renewal files within the target amount of time
• Maintain a high level of industry knowledge, competition and market trends

Administration & Service:

• Attain service standards for processing all mortgage transactions in accordance with Company policies and procedures.
• Communicate with internal and external partners to ensure that all transactions are processed efficiently and effectively.
• Escalate issues/obstacles/trends as appropriate with recommendations/solutions

Risk & Compliance:

• Ensure all transactions adhere to and are appropriately risk rated with a sponsor, property and aggregate rating
• Maintain files in compliance with all aspects of Home Trust Company's underwriting policies and guidelines per delegated authority matrices and applicable compliance obligations including Privacy, Anti-Money Laundering/ Anti-Terrorist Financing and internal Anti-Fraud Policy requirements
• Ensure Unusual Transaction Reports are filed as applicable to fulfil individual employee obligations to detect and deter financial crimes activity

Reporting:

• Assist in the preparation of monthly, quarterly, and annual reports for senior management, as necessary.

What we're looking for:

• Bachelor's degree required in related area with 2 years of experience in commercial underwriting
• Understanding of commercial mortgage products
• Strong organizational, time-management and analytical skills to work effectively with established guidelines