Director, Commercial Financing

First National; Vancouver; On-site; CAD 94,000 - 162,000; Full time

Job summary

A leading commercial lender in Canada is looking for a Director in the Commercial Financing department. This role focuses on developing the commercial mortgage portfolio and requires experience in commercial real estate lending, financial analysis, and regulatory knowledge. The company offers competitive compensation with extensive training and a supportive work culture.

Benefits

Highly competitive compensation package

Career advancement opportunities

Supportive environment and collaborative culture

Extensive training programs

Qualifications

• Experience in commercial real estate lending.
• Knowledge of real estate lending regulations.
• Attention to detail and self-motivation.

Responsibilities

• Support the AVP in developing and expanding the client base.
• Provide oversight to analysts and review underwriting.
• Manage transactions from start to finish.

Skills

Commercial real estate lending

Financial analysis

Organizational skills

Communication skills

Legal documentation experience

Bilingual (French/English)

Education

Undergraduate Degree or MBA in Finance or Real Estate

Tools

Microsoft Word

Microsoft Excel

Job description

We are hiring a Director in our Commercial Financing department!

The Role :

The Director contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer, and investor policies. The role is specific to CMHC, construction, and conventional commercial real estate financing requests.

Reporting To :

Assistant Vice President, Commercial Financing

Full-Time / Part-Time :

Full-time

Salary Range :

94,902 - $161,333

Posting Date :

January 31, 2024

Closing Date :

March 8, 2024

Hours of Work :

8:30 – 5:00

Location :

Vancouver BC

Great location! Steps away from the main public transit station.

What we offer :

Highly competitive compensation package including base salary, bonus, benefits, and career advancement opportunities!

What you will do :

1. Support the AVP in developing and expanding the client base, increasing income and company profit.
2. Provide oversight and support to analysts, including reviewing underwriting, credit applications, and loan commitments.
3. Manage transactions from start to finish and resolve complex issues.
4. Work directly with clients and prospects to gather due diligence, build relationships, and recommend mortgage solutions.
5. Make decisions on loan opportunities, structuring, and credit.
6. Analyze financial info on commercial properties to determine loan parameters.
7. Review third-party reports for compliance and guidelines.
8. Review conditions and exceptions, prepare recommendations, and ensure underwriting procedures are followed.
9. Prepare loan summaries and coordinate with stakeholders to meet loan conditions.
10. Develop and analyze construction/development pro-forma.
11. Monitor ongoing construction loan draws and fees.
12. Assist in client meetings and training of team members.
13. Perform other duties to support the division's goals.
14. Share knowledge and act as a resource within the group.
15. Make confident recommendations and understand market capital requirements.
16. Ensure AML policies are followed.

The Requirements Needed :

• Experience in commercial real estate lending.
• Undergraduate Degree and/or MBA in Finance or Real Estate.
• Knowledge of real estate lending regulations.
• Financial analysis skills.
• Strong organizational and communication skills.
• Experience with legal documentation, ownership structures, and AML.
• Preferred experience with CMHC, construction finance, or related fields.
• Familiarity with property valuation and construction processes.
• Advanced PC skills, especially Word and Excel.
• Attention to detail, self-motivation, results-oriented.
• Bilingual (French/English) is an asset.

Why join First National?

• Supportive environment and collaborative culture.
• Extensive training programs.
• Modern office environment with amenities.
• Community involvement and social events.

The team you will join :

Founded in 1988, First National is among Canada’s largest non-bank lenders, serving residential and commercial clients nationwide.

Our values are embodied in our motto: "It’s in our Nature." We are committed to diversity and inclusion and support accommodations for applicants with disabilities.

We thank all applicants for their interest. Only those selected for an interview will be contacted.