Senior Underwriter, Insurance Lending Solutions

Equitable Group; Ontario; On-site; CAD 70,000 - 100,000; Full time

Job summary

Equitable Group is seeking a Senior Underwriter to conduct expert credit reviews across various Insurance Lending products. The ideal candidate will have a strong background in commercial lending, excellent analytical skills, and a commitment to delivering exceptional customer service. Join a dynamic team that values innovation and collaboration in redefining the banking experience.

Benefits

Competitive discretionary bonus

Market-leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up benefits

Generous vacation policy and personal days

Annual professional development allowance

Qualifications

• 2-4 years of commercial lending experience.
• In-depth knowledge of commercial underwriting and financial statement analysis.
• Knowledge of whole life insurance products is highly desirable.

Responsibilities

• Assess creditworthiness of commercial and individual borrowers.
• Provide recommendations and approvals within designated limits.
• Mentor team members on credit adjudication and compliance practices.

Skills

Analytical skills

Problem-solving skills

Underwriting skills

Education

Post-secondary education in business or finance

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 combined 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

The Senior Underwriter is responsible for conducting expert credit reviews across the entire suite of Insurance Lending products, including Immediate Financing Arrangements (IFA), CSV Max, and CSV Flex applications. The incumbent will adjudicate complex corporate and personal credit applications while maintaining excellent service levels.

The Core Responsibilities

• Assess the creditworthiness of both commercial (corporate) and individual borrowers, adhering to the Bank’s lending guidelines and policies.
• Provide recommendations and approvals within designated limits, including peer approvals when necessary. Ensure deals close as scheduled and as efficiently as possible by following up on outstanding conditions/documents and ensuring compliance with guidelines.
• Demonstrate a comprehensive understanding of Whole Life Insurance policies, including their structure, functionality, and the impact of future policy changes on the credit portfolio.
• Deliver exceptional, customer-centric service to internal and external stakeholders; participate in sales meetings as required.
• Mentor team members on credit adjudication and compliance practices.
• Support team efforts and collaborate effectively with colleagues.
• Maintain professionalism in all interactions.
• Support other areas within the Growth Business unit as needed.

Let's Talk About You

• Post-secondary education in business or finance.
• In-depth knowledge of commercial underwriting and financial statement analysis.
• Proficient underwriting skills, with 2-4 years of commercial lending experience.
• Insurance lending experience is preferred.
• Knowledge of whole life insurance products is highly desirable.
• Strong analytical and problem-solving skills, with the ability to assess credit applications holistically.

What We Offer [For full-time permanent roles]

• Competitive discretionary bonus
• Market-leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up benefits
• Generous vacation policy and personal days
• Virtual events to connect colleagues
• Annual professional development allowance and career development programs
• An opportunity to join a top FinTech and help create a new banking experience

Equitable Bank is deeply committed to inclusion. We believe our organization is stronger and our employees thrive when we celebrate diverse experiences and perspectives. We support and encourage staff growth both professionally and personally.

We are committed to a barrier-free recruitment process. Please inform us of any accommodations needed during the application process. All candidates must pass criminal background and credit checks. Only leading candidates whose skills match the role will be contacted.

We look forward to meeting you!