Senior Underwriter

Laurentian Bank; Ottawa; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Stock purchase plan

Birthday day off

EFAP program

Pension plan

Health insurance

Job summary

Laurentian Bank is seeking a Senior Underwriter for its Commercial Banking Group in Ottawa. The role focuses on assimilating knowledge to understand, prepare and write commercial credit files, with input into business and financial analyses and collateral evaluation.

You will support Account Managers and AVP in risk assessment, underwriting of new transactions, annual reviews, and maintaining compliance with internal policies and regulatory requirements. Bilingual communication is a plus.

Qualifications

• University degree in Finance or Accounting.
• 3–5 years experience in a related field.
• Strong analytical and financial analysis skills.
• Attention to detail and meticulousness.
• Excellent written and verbal communication; English an asset.

Responsibilities

• Input client financial statements and projections into the risk rating tool.
• Perform financial analyses and sensitivity analyses against industry standards.
• Identify and analyze risks.
• Complete underwriting of new transactions and annual reviews.
• Follow up on irregularities and collateralization per credit policies.
• Participate in client meetings or conference calls.
• Engage in integrity and compliance processes.
• Adhere to Bank policies and procedures.

Skills

Financial analysis

Risk assessment

Analytical thinking

Written communication

Collaboration

Prioritization

Attention to detail

Multitasking

English communication

Education

Finance degree

Accounting degree

Tools

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 assist the Senior Manager in the risk management of the financing portfolio. Within the Commercial Banking Group, the candidate will be required to assimilate the knowledge necessary to understand, prepare and write commercial credit files.

With input into business model analysis, financial analysis, risk analysis and collateral evaluation. The Senior Underwriter will act as a key resource to the Account Manager and the Assistant Vice President.

Sector: Real Estate - Ottawa

#LI-Hybrid
#LI-KAB

Responsibilities

• Input client financial statements and financial projections into the risk rating tool.
• Perform financial analysis from the financial statements and projections, perform sensitivity analysis and make comparisons with industry standards for the sector.
• Identify and analyze risks associated with the client's business.
• Complete underwriting of new transactions, annual file reviews and amendments within prescribed time frames.
• Follow up on client portfolio irregularities and collateralization in accordance with credit authorization requirements.
• Participate in meetings or conference calls with clients.
• Be involved in integrity and compliance processes (code of conduct, internal policies).
• Performs work according to specific practices, policies and objectives while complying with applicable legislation, Bank policies, programs and procedures.

Qualifications

• University education in an appropriate field, Finance or Accounting and other related field
• Minimum of 3 to 5 years experience in a related field
• Intellectual curiosity and critical thinking skills.
• Strong interest in Finance 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)*.
• Knowledge of the Office suite.

*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.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

We also use artificial intelligence (AI) tools during parts of our recruitment process to support fair and efficient hiring decisions.