Underwriter

Laurentian Bank; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A major Canadian financial institution is seeking a candidate for a role focused on commercial credit file preparation and finance portfolio risk management. The ideal candidate should have a university education and 3-5 years of experience, demonstrating strong writing, analytical skills, and proficiency in French and English. This role offers a hybrid work model with a comprehensive benefits package.

Benefits

Hybrid work model

Comprehensive benefits package

Stock purchase plan

Paid days off for birthdays

Employee and Family Assistance Program

Qualifications

• 3-5 years of experience in a relevant field.
• Experience in financial analysis and risk assessment.
• Familiarity with client relationship management.

Responsibilities

• Assisting in managing finance portfolio risk.
• Completing underwriting of new transactions.
• Performing financial analyses based on client data.

Skills

Superior writing skills

Ability to work in a team

Positive attitude

Proven intellectual curiosity

Good analytical skills

Professional proficiency in French

Professional proficiency in English

Education

University education in a relevant field

Tools

Office Suite of applications

Job description

Overview

Seeing beyond numbers

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

Sector : Real Estate

LI-Hybrid

LI-KAB

Responsibilities

As a member of the Business Services team, the incumbent will be asked to assimilate the knowledge required for understanding, preparing and drafting commercial credit files. He / she will assist the Senior Manager in managing finance portfolio risk.

By participating in business model analysis, financial analysis, risk analysis and guarantee assessments, the incumbent will serve as a key resource for the Account Manager, Business Development, and his / her Assistant Vice President.

• Complete the underwriting of new transactions and conduct annual reviews of files and amendments within the prescribed deadlines
• Enter the client's financial statements and financial projections in the risk rating calculator
• Perform financial analyses based on financial statements and financial projections, perform sensitivity analyses and make comparisons with industry standards for this business segment
• Identify and analyze risks associated to client activities
• Follow up on irregularities in client portfolios
• Follow up on the implementation of securities in accordance with credit authorization conditions
• Participate in meetings or conference calls with clients
• Be involved in the integrity and compliance processes (Code of Conduct, internal policies)
• Perform the work according to the practices, policies and specific goals, while complying with current legislation and the Bank's policies, programs and processes

Qualifications

• University education in a relevant field and at least three to five years of experience
• Superior writing skills
• Ability to work in a team
• Positive attitude
• Proven intellectual curiosity and critical-thinking skills
• Keen interest for finance and good analytical skills
• Knowledge of the Office Suite of applications
• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages

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

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