Credit Risk & Underwriting - Associate, Credit Risk & Underwriting

Trez Capital; Vancouver; Hybrid; CAD 80,000 - 100,000; Full time

Benefits offered by this job

Health and dental benefits

RRSP matching up to 5%

Three weeks of vacation

Job summary

Trez Capital is seeking an Associate, Credit Risk & Underwriting in Vancouver. You will evaluate and underwrite commercial real estate loan opportunities, collaborating with internal teams and external stakeholders to assess risks and support lending decisions.

You will build financial models, analyze data, and perform sensitivity analyses to determine creditworthiness, while coordinating with sponsors and third parties throughout the underwriting process.

Qualifications

• Bachelor’s degree in commerce or business administration; preferred majors include Urban Land Economics, Real Estate, including land law, or Finance.
• Ability to obtain Mortgage Broker Licence within nine months of starting.
• Strong knowledge of real estate and finance.
• Analytical and problem-solving skills with attention to detail.
• Excellent written and verbal communication; strong organizational skills.

Responsibilities

• Conduct comprehensive credit risk assessments of commercial real estate loan opportunities.
• Collect and analyze due diligence materials and market data.
• Coordinate with borrowers, lawyers, appraisers, engineers, and other third-party professionals.
• Identify key risks and recommend mitigants.
• Evaluate borrowers and sponsors’ financial position.
• Build financial models using property-level information to calculate risk metrics.
• Perform sensitivity analysis on key financial metrics.
• Analyze market position using rents, sales data, absorption, and trends.
• Conduct due diligence on sponsors and management.
• Assess collateral strength via reports and inspections.
• Select market comparables for valuation and conduct site reviews.
• Collaborate with Origination, Credit Committee, Funding, Asset Management, and Loan Accounting.
• Assist with loan renewals and modifications.
• Suggest process improvements to boost productivity.
• Stay informed on best practices in mortgage lending.

Skills

Real estate knowledge

Analytical skills

Communication

Multi-priority management

Team collaboration

Education

Bachelor’s degree in commerce or business administration

Mortgage Broker Licence (within 9 months)

Tools

Microsoft Word

Microsoft Excel

Job description

The Opportunity

Trez Capital is seeking an Associate, Credit Risk & Underwriting to evaluate and underwrite commercial real estate loan opportunities. This role provides an opportunity to deepen your expertise in real estate markets and credit risk while taking on increasing responsibility and autonomy.

Reporting to the Managing Director, Underwriting & Asset Management, you will work closely with internal teams and external stakeholders to assess loan opportunities, identify key risks, complete financial analysis, and support informed lending decisions.

What You’ll Do

• Conduct comprehensive credit risk assessments of commercial real estate loan opportunities.
• Collect and analyze due diligence materials and relevant market data.
• Coordinate with borrowers, lawyers, appraisers, engineers, and other third-party professionals throughout the underwriting process.
• Identify key risks and recommend appropriate mitigants.
• Evaluate the financial position of borrowers and sponsors, highlighting strengths and areas requiring further investigation.
• Build financial models using property-level information, including appraisals, project budgets, and profitability assumptions, to calculate key risk metrics.
• Perform sensitivity analysis on key financial metrics.
• Analyze the competitive market position of properties using comparable rents, sales data, absorption, growth, market trends, and demographic information.
• Conduct appropriate due diligence on financial sponsors and key management.
• Assess collateral strength using property condition assessments, environmental reports, and other supporting reports.
• Select appropriate market comparables for property valuation and conduct site inspections and reviews when required.
• Collaborate with Origination, Credit Committee, Commercial Mortgage Funding, Asset Management, and Loan Accounting.
• Assist with loan renewals and modifications, including additional underwriting as required.
• Recommend process improvements that streamline workflows and enhance team productivity.
• Stay informed about best practices and industry developments in commercial mortgage lending.

What You Bring

• A bachelor’s degree in commerce or business administration; a major in Urban Land Economics, Real Estate, including land law, or Finance is preferred.
• The ability to obtain a Mortgage Broker Licence within nine months of starting the role.
• Strong knowledge of real estate and finance.
• Excellent analytical and problem-solving skills, with close attention to detail.
• Strong organizational skills and the ability to manage multiple priorities in a fast-paced environment.
• Excellent written and verbal communication skills.
• Strong interpersonal skills and the ability to build positive working relationships.
• A customer-focused, results-driven approach.
• The ability to work independently and collaboratively.
• Proficiency in Microsoft Word and Excel.
• A demonstrated commitment to high performance and quality work.

How You’ll Work

You will demonstrate Trez Capital’s values of Trust, Respect, Excellence, and Zest through professional conduct, collaboration, accountability, and a commitment to high-quality work.

You will protect confidential information, comply with company policies and procedures, and act in the interests of the business, its people, borrowers, investors, and other stakeholders.

This is a full-time, office-based opportunity in Vancouver with occasional travel.

Compensation and Benefits

The expected base salary range for this role is $80,000 to $100,000 annually, plus eligibility for a discretionary bonus. Trez Capital also offers health and dental benefits, RRSP matching of up to 5%, and three weeks of vacation.