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

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

Job summary

A leading fintech bank in Toronto is seeking an experienced Senior Underwriter to assess creditworthiness of borrowers. You will manage complex credit applications, deliver excellent customer service, and mentor team members. The ideal candidate has 2-4 years of commercial lending experience and strong knowledge of insurance products. This role offers competitive pay, generous benefits, and a hybrid working environment.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Comprehensive medical, dental, and vision benefits

Generous vacation policy

Annual professional development allowance

Qualifications

• In-depth knowledge of commercial underwriting and financial statements analysis.
• Minimum of 2-4 years of commercial lending experience.
• Strong understanding of Whole Life Insurance policies.

Responsibilities

• Assess the credit worthiness of borrowers according to bank guidelines.
• Provide recommendations and approvals for credit applications.
• Deliver exceptional customer service to stakeholders.

Skills

Analytical skills

Problem-solving skills

Relationship building

Time management

Insurance knowledge

Education

Post-secondary education in business or finance

Tools

MS Office (Word, Excel)

Job description

Overview

Join a Challenger

Being a traditional bank just isnt 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. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.

Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.

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

The Work!

• Assess the credit worthiness of both commercial (corporate) and individual borrowers while adhering to the Banks lending guidelines and policies.
• Provide recommendations and approvals within designated limits including those of peers when necessary. Ensure that approved deals close as scheduled and as efficiently as possible by following up on outstanding conditions / documents and ensuring compliance with established guidelines.
• Demonstrate a comprehensive understanding of the nuances of Whole Life Insurance policies including their structure functionality as well as the impact of future policy changes on the credit portfolio.
• Deliver exceptional customer-centric service to both internal and external stakeholders; participate in sales meetings as required.
• Mentor team members on credit adjudication and compliance practices.
• Actively engage in team efforts and support colleagues.
• Maintain a high level of professionalism in all interactions.
• Support other areas within the Growth Business unit as required.

Lets Talk About You !

• Post-secondary education in business or finance.
• In-depth knowledge of commercial underwriting and financial statements analysis.
• Proficient underwriting skills with a minimum of 2-4 years of commercial lending experience.
• Insurance lending experience preferred
• Exposure to and knowledge of whole life insurance products is highly preferred.
• Strong analytical and problem-solving skills with the ability to assess credit applications holistically.
• Sound knowledge of AML & ATF practices. Excellent time management analytical and problem-solving skills able to handle multiple competing priorities. Ability to make decisions under pressure.
• Proven ability to thrive in a constantly changing environment and to perform well in a high volume high intensity environment.
• Excellent relationship building skills.
• Demonstrated ability to coach and mentor more junior employees.
• Autonomous decision making on files of greater complexity.
• Knowledge of fraud risk in the credit and insurance industries and the ability to address concerns relating to suspected misrepresentation is required.
• A desire and a willingness to join a growing team and evolving product.
• Proficiency in MS Office (mainly MS Word and Excel).
• CFA / CPA would an asset.

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 while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Annual professional development allowance and a comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON .

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We cant wait to get to know you!