Senior Associate Portfolio Manager

Harbour Mortgage; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player in commercial mortgage lending is seeking a dedicated professional to manage a diverse portfolio of over 200 loans. This role involves collaborating with brokers, conducting risk assessments, and ensuring timely renewals of loans. The ideal candidate will possess strong analytical and problem-solving skills, with a solid understanding of commercial real estate. You will be responsible for preparing comprehensive reports, maintaining databases, and supporting senior management in operational efficiency. Join a dynamic team where your expertise will contribute to impactful financial solutions and drive process improvements in a fast-paced environment.

Qualifications

• Minimum 5 years in commercial real estate or mortgage portfolio management.
• Strong analytical and problem-solving skills required.

Responsibilities

• Liaise with Brokers and Borrowers for timely loan renewals.
• Prepare internal management reports and asset management reports.

Skills

Analytical Skills

Problem-Solving Skills

Interpersonal Skills

Organizational Skills

Time Management Skills

Bilingual (French/English)

Education

5+ years in commercial real estate or mortgage management

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.

Contact:

Interested candidates should email their resume to Amit Arora: [e-mail]

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales