Senior Analyst, Commercial Originations, Commercial Finance Group (CFG)

Equitable Group; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking organization that is redefining banking in Canada! As a Senior Analyst, you'll play a pivotal role in analyzing commercial mortgage loan requests and supporting the Origination team. This dynamic position requires strong analytical skills and a deep understanding of lending guidelines. You'll be collaborating with various internal and external stakeholders, ensuring that all transactions meet compliance standards. This innovative firm is committed to providing a diverse and inclusive workplace, offering competitive benefits and opportunities for personal and professional growth. If you're ready to take on big challenges and make a meaningful impact, this role is for you.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation policy and personal days

Annual professional development allowance

Comprehensive Career Development program

Virtual events to connect with colleagues

Qualifications

• 5+ years of commercial mortgage underwriting experience required.
• Strong understanding of AML/ATF regulations and corporate documentation.

Responsibilities

• Analyze commercial mortgage requests for suitability and compliance.
• Assist in processing transactions with Credit and Funding teams.

Skills

Analytical Skills

Problem-Solving Skills

Negotiation Skills

Communication Skills

Time Management

Bilingualism

Education

Post-secondary education in business or finance

Specialization in Real Estate

Tools

MS Office (Word, Excel, PowerPoint)

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 Senior Analyst, CFG is responsible for supporting the Director, Regional Director and Vice President & Managing Director, Origination by analyzing commercial mortgage loan requests, which shall include all mortgage loan types, and assisting with the achievement of annual department target volumes. The incumbent is accountable for supporting the Origination team in the analysis, preparation, execution and fulfillment of commercial mortgages within specific markets and designated Canadian geographic areas. In this role, the Senior Analyst must be knowledgeable about Equitable Bank’s mortgage products and processes while having a good understanding of the underwriting, risk and compliance guidelines to ensure all files meet industry and company regulatory requirements.

The incumbent will also be responsible for maintaining and updating commercial mortgage files/pipeline report from the acknowledgement/letter of intent stage to the funding stage by acting as a liaison between the underwriting, funding and compliance departments. Additional duties will include weekly, monthly and quarterly reporting, networking with partners, clients, brokers and other external business partners as well as staff within the Commercial Lending group and other internal departments.

The core parts of your role would be to:

1. Analytical Support (40%)

   On a daily basis, the incumbent will analyze commercial mortgage requests to determine suitability based on company lending guidelines, limits and parameters. Attention must be made to ensure that compliance with the Bank’s established lending guidelines and procedures are followed. The incumbent is responsible to ensure a thorough review of pertinent documentation to assess credit worthiness of transactions by aligning Equitable Bank’s lending criteria with partner/customer needs. Communication with internal contacts (i.e. senior underwriters, underwriters, funders) and third party providers (i.e. Lending Partners, Brokers, Clients) will be required to obtain/review/analyze loan requests.

2. Process Support (30%)

   Assist in the processing of transactions accurately and within specified timeframes, working in tandem with the Credit and Funding teams to ensure all lending criteria has been satisfied and outstanding documentation or conditions, if any, are being met in a timely manner.

3. Origination Support (20%)

   The incumbent will assist the Regional Directors, and Vice President & Managing Director, Origination in meetings and presentations with brokers, clients, partners and credit department to fully understand the nature of the loan requests, the needs of the customers and lending criteria adherence. Participation in industry and company events (sales presentations, networking events, etc.) will be required.

4. Workflow (5%)

   On a daily basis, the incumbent is responsible for time management of their workflow along with the team in order to meet prescribed deadlines.

5. Reporting (5%)

   The incumbent will be responsible for the preparation and updating of pipeline reporting.

Let's Talk About You!

• Post-secondary education (diploma/degree) preferably in business or finance is required. Specialization in Real Estate (e.g. Urban Land Economics, Real Property Valuation/Assessment) a definite asset.
• Proficient underwriting skills with a minimum of 5 years commercial mortgage underwriting experience.
• Experience with construction lending guidelines and requirements.
• Sound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affecting the commercial mortgage market.
• Bilingualism is an asset.
• Effective analytical and problem-solving skills.
• Working knowledge of AML/ATF regulations and Corporate/Legal documentation (both direct and partner originated transactions) for commercial real estate in multiple jurisdictions across Canada.
• Excellent working knowledge of MS Office (primarily Word, Excel and PowerPoint).
• E.A. or AACI designation an asset.
• Strong organization and time management skills with the ability to handle multiple competing priorities.
• Demonstrated ability to work independently to achieve goals.
• Strong negotiation skills.
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner.

Job Complexities / Thinking Challenges:

• The position requires an individual to be a self-starter and make sound underwriting recommendations as efficiently as possible. The incumbent should be prepared to manage files of greater complexity at all times and shall possess strong cognitive skills, professional judgement and the ability to work independently with minimal supervision to properly assess individual transactions and rely on past experiences to assist in mitigating risk. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. Transactions may be presented from multiple external partners, each partner having unique complexities. As such, the incumbent must be able to draw on specific product/document knowledge to assess suitability.

#LI-Hybrid

What we offer [For full-time permanent roles]

Competitive discretionary bonus.

Market leading RRSP match program.

Medical, dental, vision, life, and disability benefits.

Employee Share Purchase Plan.

Maternity/Parental top-up while you care for your little one.

Generous vacation policy and personal days.

Virtual events to connect with your fellow colleagues.

Annual professional development allowance and a comprehensive Career Development program.

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience.

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!