Manager, Commercial Credit CMHC

ZipRecruiter; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

Join a leading bank as a Manager of Commercial Credit in Toronto, where you'll lead a team in underwriting and managing commercial mortgages. You'll ensure compliance with guidelines, mentor staff, and contribute to team targets in a hybrid work environment. This role offers competitive benefits and opportunities for professional development.

Benefits

Competitive bonus

RRSP match

Benefits

Employee share plan

Generous vacation

Personal days

Professional development allowance

Qualifications

• Minimum 5 years of experience in underwriting commercial real estate transactions.
• Bilingualism is an asset.

Responsibilities

• Reviewing and approving CRAs including originations and renewals.
• Managing all aspects of CMHC portfolio management.
• Conducting performance reviews and target settings for team members.

Skills

Leadership

Communication

Analytical

Organizational

Education

Post-secondary education in business or finance

Tools

MS Office

Job description

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

The Manager, Commercial Credit is responsible for providing day-to-day leadership, mentoring, and guidance to team members while ensuring that the team operates efficiently and productively. The Associate Manager will be responsible for:

• reviewing and approving CRAs including originations, renewals, assumptions, and ad hoc requests within delegated limits
• all aspects of CMHC portfolio management (excluding CMHC annual reviews), including monitoring and processing all maturities, renewals, and loan extensions, as well as the Quarterly Servicing Audit of CMHC loan files
• assessing new deals received from servicers to assign them to the appropriate team member

The Manager will also ensure adherence to departmental guidelines, procedures, policies, and credit risk objectives, exercising sound judgment without compromising service and credit risk. Additional duties include weekly, monthly, and quarterly reporting to support senior management and regulatory requirements. The Manager will communicate and cooperate with external partners and internal departments.

The Manager will conduct performance reviews and target settings for team members, as well as interviews for new employees. They are also responsible for underwriting various commercial mortgage products, including conventional and CMHC-insured facilities, in line with policies and standards, and contributing to team targets.

The core responsibilities include:

1. Reviewing loan analyses (CRAs) submitted by underwriters and approving within limits, ensuring deals close efficiently and compliance with guidelines, while mentoring team members.
2. Providing ongoing training and guidance through meetings and one-on-ones.
3. Managing all aspects of CMHC portfolio management, including proactive handling of maturities, monitoring the CMHC pipeline, and coordinating audits.
4. Preparing and conducting employee performance reviews and interviews.
5. Communicating with internal and external contacts to ensure timely transaction processing and excellent customer service.
6. Handling administrative and reporting duties monthly for senior management.

Let's Talk About You!

• Minimum 5 years of experience in underwriting commercial real estate transactions, including CMHC-insured mortgages.
• Post-secondary education in business or finance preferred.
• Bilingualism is an asset.
• Strong leadership, coaching, and communication skills.
• Knowledge of AML/ATF regulations and legal documentation across Canada.
• Ability to adapt to a changing environment and perform under high volume.
• Technical knowledge of real estate underwriting, financial analysis, and market factors.
• Excellent analytical, organizational, and decision-making skills.
• Proficiency in MS Office.

What We Offer (For full-time roles)

• Competitive bonus, RRSP match, benefits, employee share plan, and more.
• Generous vacation, personal days, professional development allowance.
• Hybrid work environment based at 2200-25 Ontario Street, Toronto.

Equitable Bank values diversity and inclusion, supporting a barrier-free recruitment process. Candidates must pass background and credit checks. We look forward to learning about you!