Senior Commercial Underwriting Manager, CFG

EQ Bank | Equitable Bank; Old Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

Join a forward-thinking team at a leading Challenger Bank that is redefining the banking experience in Canada. As a Senior Commercial Mortgage Underwriter, you'll play a pivotal role in analyzing and underwriting commercial loans, ensuring compliance while delivering exceptional service. This dynamic position offers the opportunity to work collaboratively with external partners and internal teams, all while contributing to innovative solutions in a hybrid work environment. With a commitment to inclusion and professional growth, this role is ideal for those eager to make a significant impact in the financial sector.

Benefits

Competitive bonus

Market-leading RRSP match

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation and personal days

Virtual events and professional development

Opportunity to innovate banking

Qualifications

• Minimum of 5 years' experience in commercial mortgage underwriting.
• Strong service orientation and excellent communication skills.

Responsibilities

• Analyze and underwrite commercial credit facilities efficiently.
• Communicate with partners to ensure superior customer service.

Skills

Underwriting

Analytical Skills

Problem-Solving

Communication Skills

Organizational Skills

Customer Service

Education

Post-secondary education in business or finance

Tools

MS Office

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 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

As part of a growing and dynamic commercial team, the Senior Commercial Mortgage Underwriter is responsible for underwriting construction and conventional commercial loans. The Senior Underwriter must adhere to established policies and standards, ensuring compliance and control requirements, while finding creative solutions in a timely manner to meet service goals and annual volume targets. Additional duties include reporting, pipeline management, and networking with external business partners and internal departments. The position is based in Toronto.

Key Responsibilities:

1. 60%: Analyze and underwrite commercial credit facilities, including construction and conventional loans ranging from $2.5 million to $50 million, ensuring compliance with lending guidelines, and submitting recommendations for approval.
2. 20%: Communicate with external partners and internal teams to process transactions efficiently, ensuring superior customer service and meeting funding deadlines.
3. 10%: Manage your deal flow to meet deadlines.
4. 10%: Handle administrative and reporting duties for the department, supporting senior management.

Qualifications:

• Proficient in underwriting, with a minimum of 5 years' commercial mortgage experience.
• Strong service orientation.
• Post-secondary education in business or finance preferred.
• Good knowledge of MS Office.
• Analytical, problem-solving, and organizational skills.
• Technical knowledge of secured lending and the commercial mortgage market.
• Excellent communication skills, both oral and written.
• Ability to attend industry events as needed.

Challenges:

• Make sound underwriting decisions efficiently, often with limited information, requiring creative and proactive problem solving.

#LI-Hybrid

What We Offer:

• Competitive bonus
• Market-leading RRSP match
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up
• Generous vacation and personal days
• Virtual events and professional development
• Opportunity to join a top FinTech and innovate banking

The role involves hybrid work, with in-office days at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank values inclusion and diversity, supporting accommodations and a barrier-free recruitment process. Successful candidates will pass criminal and credit background checks. We look forward to meeting you!