Senior Underwriter, Insurance Lending Solutions, Bilingual (FR / ENG)

EQ Bank; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading Canadian financial institution is seeking a Senior Underwriter to assess commercial and individual credit applications. The ideal candidate has 2-4 years of experience in commercial lending, strong analytical skills, and the ability to work in a high-volume environment. This role offers competitive bonuses and comprehensive benefits, along with a hybrid work arrangement based in Toronto.

Benefits

Competitive bonuses

Comprehensive medical, dental, vision, life, and disability benefits

Generous vacation policy

Qualifications

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

Responsibilities

• Assess the creditworthiness of both commercial and individual borrowers.
• Provide recommendations and approvals within designated limits.
• Deliver exceptional customer-centric service to internal and external stakeholders.

Skills

Time Management

Analytical skills

Relationship-building skills

Education

Post-secondary education in business or finance

Tools

MS Office (Word and Excel)

Job description

Join a Challenger

Being a traditional bank just isn't our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. If you're passionate about redefining the future of banking while having fun, this could be your next big opportunity.

Our company continues to grow, serving more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and has been around for over 50 years. Equitable Bank's wholly owned subsidiary, Concentra Bank, supports credit unions across Canada that serve over 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 digital platform, EQ Bank, has been named one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Senior Underwriter Role

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 Work

• Assess the creditworthiness of both commercial (corporate) and individual borrowers while 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 efficiently by following up on outstanding conditions and documents, ensuring compliance with established 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.
• Actively support team efforts and collaborate 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 preferred.
• Strong analytical and problem-solving skills, with the ability to assess credit applications holistically.
• Knowledge of AML & ATF practices. Excellent time management skills; able to handle multiple priorities and make decisions under pressure.
• Ability to thrive in a high-volume, high-intensity environment.
• Excellent relationship-building skills.
• Ability to coach and mentor junior employees.
• Autonomous decision-making on complex files.
• Knowledge of fraud risks in credit and insurance industries, with the ability to address concerns related to misrepresentation.
• Willingness to join and grow with a dynamic team and evolving products.
• Proficiency in MS Office (Word and Excel).
• CFA / CPA qualifications are assets.

What We Offer

• Full-time, permanent roles with competitive bonuses.
• Market-leading RRSP match program.
• Comprehensive medical, dental, vision, life, and disability benefits.
• Employee Share Purchase Plan.
• Maternity and parental top-up benefits.
• Generous vacation policy and personal days.
• Virtual events to connect colleagues.
• Annual professional development allowance and career development programs.
• The opportunity to join one of the top FinTechs and help create a new banking experience.

The role involves hybrid work, primarily based at our office at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is committed to inclusion, supporting a diverse and equitable work environment. We provide accommodations during the recruitment process and require candidates to pass criminal background and credit checks. Only candidates closely matching the requirements will be contacted.

We look forward to meeting you!

Required Experience: Senior IC

Key Skills: Time Management, GIS, Typing, Microsoft Office, Microsoft Access, Microsoft Outlook, Benefits Administration, Underwriting, Negotiation, Aviation Experience, etc.

Employment Type: Full-Time

Experience: 2-4 years

Vacancy: 1