Underwriter, Insurance Lending Solutions

EQ Bank; Toronto; On-site; CAD 60,000 - 90,000; Full time

Job summary

Join EQ Bank as an Underwriter, where you'll assess credit applications and contribute to innovative lending solutions. Be part of a dynamic team focused on redefining the banking experience in Canada. We offer competitive pay, bonuses, and comprehensive benefits as you help us drive exponential growth in the financial sector.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Generous vacation policy and personal days

Annual professional development allowance

Qualifications

• Minimum of 1 year of commercial lending experience required.
• In-depth knowledge of commercial underwriting and financial statement analysis.
• Exposure to whole life insurance products preferred.

Responsibilities

• Conduct credit reviews across the suite of Insurance Lending products.
• Assess the credit worthiness of both commercial and individual borrowers.
• Deliver exceptional customer-centric service.

Skills

Time Management

Microsoft Office

Underwriting

Analytical Skills

Negotiation

Problem Solving

Education

Post-secondary education in business or finance

Tools

MS Office

Job description

Being a traditional bank just isnt 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 whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll 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 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 lives. Our customers have named our EQ Bank digital platform ( ) one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.

Are you interested in learning about a unique lending product Have experience in commercial underwriting Have an interest in learning about Cash Surrender Value (CSV) lending Are you looking to work with a small but motivated team eager to drive exponential growth This may be the right role for you!

The Underwriter is responsible for conducting 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 corporate and personal credit applications while 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. 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.
• 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 1 year 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.
• 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).
• Mandarin speaking will be 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

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In 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!

Key Skills

Time Management,GIS,Typing,Microsoft Office,Microsoft Access,Microsoft Outlook,Workers' Compensation Law,Benefits Administration,Underwriting,Administrative Experience,negotiation,Aviation Experience