Commercial Underwriting Manager, Business Enterprise Solutions (BES)

Equitable Group; Toronto; Hybrid; CAD 70,000 - 95,000; Full time

Job summary

Equitable Group is seeking a Commercial Mortgage Underwriter to join their dynamic team in Toronto. This role involves underwriting commercial mortgages, ensuring compliance, and providing service-oriented solutions. Candidates should have a strong background in commercial mortgage underwriting, excellent analytical skills, and a commitment to customer service. The position offers hybrid working conditions and a competitive benefits package, including bonuses and a robust RRSP match.

Benefits

Competitive bonus

Market-leading RRSP match

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 allowance

Opportunity to help create innovative banking experiences

Qualifications

• Minimum 3 years’ commercial mortgage underwriting experience or related SFR underwriting.
• Bilingualism is an asset.
• Proven service excellence.

Responsibilities

• Analyze and underwrite commercial credit facilities daily.
• Communicate regularly with internal and external contacts.
• Manage deal flow to meet deadlines.

Skills

Analytical skills

Problem-solving

Organizational skills

Communication skills

Education

Post-secondary education in business or finance

Tools

MS Office

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. 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 work with people who encourage you to reach new heights. We keep things fun, ask questions, and learn together.

We are a growing family serving over 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, with over 50 years of history. Equitable Bank's subsidiary, Concentra Bank, supports credit unions serving more than six million members. Together, we manage over $125 billion in assets, driving change in Canadian banking to enrich lives. Our digital platform, EQ Bank (eqbank.ca), has been named one of Canada's top banks on the Forbes World's Best Banks list since 2021.

The Work

As part of a dynamic commercial team, the Commercial Mortgage Underwriter is responsible for underwriting conventional commercial mortgages (typically up to $5-7 million). The role involves adhering to policies and standards, ensuring compliance, and providing creative, service-oriented solutions to meet departmental and annual targets. Additional duties include reporting, pipeline management (SIT/RAISE), and networking with brokers and internal teams.

Key Responsibilities:

1. Analyze and underwrite commercial credit facilities daily, ensuring compliance with lending guidelines, and submitting recommendations for approval. Responsible for deal documentation and conditions (50%).
2. Communicate regularly with internal and external contacts to process transactions efficiently, ensuring superior customer service and meeting funding deadlines. Site inspections may be required (30%).
3. Manage your deal flow to meet deadlines (10%).
4. Perform administrative and reporting duties monthly for senior management (10%).

Qualifications:

• Bilingualism is an asset.
• Minimum 3 years’ commercial mortgage underwriting experience or related SFR underwriting.
• Proven service excellence.
• Post-secondary education in business or finance preferred.
• Proficient with MS Office, especially Word and Excel.
• Strong analytical, problem-solving, and organizational skills.
• Knowledge of secured lending, regulatory, compliance, AML, and privacy policies.
• Excellent communication skills, both oral and written.
• Willingness to attend broker events, often after hours.
• Access to a vehicle for site inspections.

Job Challenges:

• Make sound underwriting decisions efficiently, often with complex applications requiring creative thinking and proactive problem solving. Maintain relationships with partners and clients, balancing customer service with credit assessment and compliance.

#LI-Hybrid

What We Offer:

• Competitive bonus
• Market-leading RRSP match
• 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 allowance
• Opportunity to help create innovative banking experiences

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

Equitable Bank values inclusion and diversity. We support accessible recruitment and work environments. Please inform us of any accommodations needed. All candidates must pass criminal and credit background checks. We look forward to meeting you!