Senior Underwriter (Real Estate)

Laurentian Bank; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work model

Stock purchase plan

Floating days and birthday day off

Employee wellness programs

Pension plan

Insurance program

Employee discounts

Job summary

Laurentian Bank in Canada seeks a Senior Underwriter to assist the Senior Manager in risk management of the financing portfolio within Commercial Banking. You will assimilate knowledge to understand, prepare and write commercial credit files.

You will contribute to business model analysis, financial analysis, risk analysis and collateral evaluation, acting as a key resource to the Account Manager and the AVP. The role requires strong analytical and collaborative skills.

Qualifications

• University education in Finance or Accounting or related field.
• Strong analytical and written communication abilities.
• Detail oriented with ability to manage multiple files and priorities.

Responsibilities

• Input client financial statements and projections into risk rating tools.
• Perform financial analysis and sensitivity analysis against industry standards.
• Identify and analyze risks, and complete underwriting of new transactions.
• Monitor portfolio irregularities and collateralization per credit policy.
• Join client meetings or calls to discuss credit and risk aspects.
• Support integrity and compliance processes and internal policies.
• Work according to bank practices, policies, and applicable laws.

Skills

Intellectual curiosity and critical

Analytical skills

Attention to detail

Written correspondence

Collaboration and proactive spirit

Resourcefulness and prioritization

Multi-file/project management

Oral and written communication

Office suite proficiency

Education

University education in Finance or Accounting

Tools

Office suite

Job description

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

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.

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
• Knowledge of the Office suite.

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.