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

EQ Bank | Equitable Bank; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

EQ Bank, a leading Challenger Bank in Canada, seeks a Senior Underwriter responsible for expert credit reviews across various Insurance Lending products. The role involves assessing creditworthiness, mentoring team members, and delivering exceptional customer service. Join a dynamic team committed to redefining the banking experience while enjoying comprehensive benefits and a hybrid working model.

Benefits

Competitive discretionary bonus

Market-leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation and personal days

Professional development allowance

Qualifications

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

Responsibilities

• Assess the creditworthiness of commercial and individual borrowers
• Provide recommendations and approvals in line with Bank’s guidelines
• Mentor team members on credit adjudication and compliance practices

Skills

Analytical skills

Problem-solving skills

Relationship-building

Coaching and mentoring

Education

Post-secondary education in business or finance

Tools

MS Office

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 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 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, 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.
• 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.
• Minimum of 2-4 years of commercial lending experience with proficient underwriting skills.
• Insurance lending experience is preferred.
• Knowledge of whole life insurance products is highly advantageous.
• Strong analytical and problem-solving skills; ability to assess credit applications holistically.
• Knowledge of AML & ATF practices.
• Excellent time management and ability to handle multiple priorities under pressure.

• Proven ability to thrive in a dynamic, high-volume environment.

• Excellent relationship-building skills.
• Ability to coach and mentor junior staff.
• Autonomous decision-making skills for complex files.
• Knowledge of fraud risk in credit and insurance industries; ability to address concerns related to misrepresentation.
• Willingness to join a growing team and evolving product line.
• Proficiency in MS Office (Word and Excel).
• CFA/CPA designation is 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
• Generous vacation and personal days
• Virtual events to connect colleagues
• Professional development allowance and career programs
• Opportunity to help create a new banking experience

The incumbent will work in a hybrid model at our location: 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is committed to inclusion and diversity. We support accommodations throughout our recruitment process. All candidates must pass a criminal background and credit check. Only shortlisted candidates will be contacted.

We look forward to meeting you!