Senior Associate Portfolio Manager

Harbour Mortgage; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading private commercial mortgage lender is looking for a portfolio management professional with extensive experience in commercial real estate. The ideal candidate will manage renewals and reports for a diverse mortgage portfolio, requiring strong analytical skills and the ability to communicate effectively with team members and brokers.

Qualifications

• Minimum 5 years relevant experience in commercial real estate or mortgage servicing.
• Strong analytical skills and ability to identify issues.
• Bilingual in French/English is an asset.

Responsibilities

• Liaise with teams to ensure timely renewal of loans.
• Identify risks during the renewal process and escalate as needed.
• Prepare internal management and asset management reports.

Skills

Analytical skills

Problem-solving

Interpersonal skills

Organizational skills

Time management

Bilingual (French / English)

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

• Liaise with the Origination team, Brokers and Borrowers to ensure timely renewal of loans, as needed.
• Identify any risk factors or issues uncovered during the renewal process and escalate to senior management as needed.
• Recommend extension terms for commercial real estate mortgages across all asset classes (multi-residential, retail, office, industrial, land, special purpose) and re-underwrite wherever required, and for various loan types including bridge, construction, inventory and high-ratio loans.
• Review renewal checklist and renewal letters.
• Attend weekly meetings with our lending partners and provide weekly written reports on status of renewals to our partners.
• Prepare internal management reports.
• Develop asset management reports to assist senior management with risk management and operational efficiency.
• Prepare gross yield analysis by loan across the portfolio, identifying any issues to Mortgage Servicing, as needed, and escalating any remaining issues to the Portfolio Manager.
• Ensure various communications to brokers and borrowers are completed on schedule for an active commercial mortgage portfolio of over 200 loans.
• Assist with resolving property tax arrears, insurance issues, documentation of amendments and other administrative matters, and escalate to Portfolio Manager as needed.
• Maintain internal databases and collaborate with the Mortgage Servicing group and Accounting group to ensure consistent and comprehensive management of the overall portfolio.
• Provide overall portfolio management support, including audit support, as required.
• Respond to all inquiries in a timely and professional manner.

Qualifications :

• Minimum 5 years relevant experience in commercial real estate, commercial mortgage portfolio management, risk management / underwriting or mortgage servicing.
• Strong analytical and problem-solving skills, ability to identify issues and determine course of action in situations with little or no precedent.
• Knowledgeable about commercial real estate and comfortable reviewing property-level information (i.e. appraisals, rent rolls, operating statements, financial statements, etc.)
• Superior written and analytical skills.
• Proficient in Microsoft Excel, Word and Outlook.
• Strong interpersonal, organizational and time management skills.
• Ability to work independently and under time pressure. Ability to drive process improvement.
• Ability to communicate with brokers and other third-party referral sources.
• Bilingual (French / English) is an asset.

About Harbour Mortgage

Harbour Mortgage is a private commercial mortgage lender providing first, second, construction, bridge, mezzanine and CMHC loans on income producing properties and development projects. Harbour Mortgage has originated and funded over $9 billion in real estate debt transactions in all major markets across Canada with annual volumes in excess of $1 billion. Harbour Mortgage currently administers approximately $1.6 billion in mortgage investments.