Senior Underwriter

Laurentian Bank; Montreal; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A Canadian financial institution is seeking a Senior Underwriter to join their Real Estate Financing Team. The ideal candidate will have a university degree in finance or law, with 3-5 years of experience in construction financing. Responsibilities include assessing risks and managing financing agreements, while providing exceptional customer service. This position offers a hybrid work model and comprehensive benefits including stock purchase plans and health programs.

Benefits

Paid time off for birthdays

Stock purchase plan

Health and wellness programs

Group insurance and pension plan

Qualifications

• Minimum of 3 to 5 years experience in construction financing is a major asset.
• Professional working proficiency in French and English is required.

Responsibilities

• Identify and analyze risks and disburse funds for financing.
• Monitor customer portfolios and implementation of collateral.
• Prepare internal reports for senior management.

Skills

Analytical skills

Attention to detail

Communication skills in French and English

Critical thinking

Collaboration

Education

University degree in Finance, Accounting, or Law

Tools

Microsoft Office Suite

Job description

Seeing beyond numbers

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

The Senior Underwriter will work within the Real Estate Financing Team for Major Accounts, Commercial Banking. The candidate will be part of a highly experienced and reputable team in the real estate market, particularly in building construction and acquisition financing. He / she will work closely with the Senior Account Managers and will be responsible for the disbursement side of construction financing and the legal side of real estate financing. The candidate will be required to determine whether the conditions precedent to financing contracts have been met, and to analyze cost consultant reports and legal drafts. All this while providing exceptional customer service.

The Senior Underwriter will act as a key resource for the Assistant Vice-President.

Sector : Real Estate

LI-Hybrid

LI-KAB

Responsibilities

• Identify and analyze risks and disburse funds associated with construction site financing or property acquisition.
• Monitor irregularities in customer portfolios and the implementation of collateral in accordance with credit authorization conditions.
• Participate in meetings or conference calls with customers / broker / notary or cost consultant.
• Carry out work according to specific practices, policies and objectives while complying with current legislation, Bank policies, programs and procedures.
• Prepare internal reports for senior management.

Qualifications

University education in an appropriate field, Finance or Accounting or Legal and other related field. A title of notary or lawyer is a major asset

Minimum of 3 to 5 years experience in a field related to construction financing a major asset.

Intellectual curiosity and critical thinking skills.

Strong interest in Finance and / or Law and good analytical skills.

Attention to detail and meticulousness.

Ability to produce quality written correspondence.

Sense of collaboration and proactive spirit

Good resourcefulness and ability to manage priorities.

Ability to manage multiple files / projects simultaneously.

Good oral and written communication skills (English an asset)

Provide exceptional customer service to customers and brokers involved in transactions.

Knowledge of the Office suite.

Ability to interpret and analyze a cost consultant's report an asset.

Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering :

The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.

Total compensation : Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.

Work model : We prioritize a hybrid work model based on business needs.

Stock purchase plan : Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.

Time off : In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.

Health and wellness : Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.

Group insurance and pension : We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.

Financial benefits : As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

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