Underwriter, Insurance Lending Solutions

EQ Bank | Equitable Bank; Toronto; On-site; CAD 60,000 - 80,000; Full time

Benefits offered by this job

Competitive discretionary bonus

Market-leading RRSP match program

Medical, dental, vision, life, and disability benefits

Generous vacation policy

Job summary

A leading financial institution in Toronto is seeking an Underwriter for Insurance Lending Solutions. You will assess credit worthiness for commercial and individual borrowers and ensure deals close on time while providing exceptional service. A strong background in commercial underwriting and financial analysis is essential. This role offers competitive bonuses and comprehensive benefits within a dynamic team environment.

Qualifications

• In-depth knowledge of commercial underwriting and financial statements analysis.
• Proficient underwriting skills with a minimum of 1 year of commercial lending experience.
• Sound knowledge of AML & ATF practices.

Responsibilities

• Assess credit worthiness of commercial and individual borrowers.
• Provide recommendations and approvals within designated limits.
• Deliver exceptional customer-centric service to stakeholders.

Skills

Commercial underwriting

Financial statements analysis

Analytical and problem-solving skills

Time management

Relationship-building

Education

Post-secondary education in business or finance

Tools

MS Office (Word and Excel)

Job description

Overview

Underwriter, Insurance Lending Solutions – Join a Challenger. Being a traditional bank isn’t our thing; we challenge ourselves to get creative in providing innovative banking solutions for Canadians. We are a growing team serving Canadians through Equitable Bank and Concentra Bank, with a combined footprint in the market and a commitment to drive change in Canadian banking. If you’re passionate about redefining the future of banking and want to work with a motivated team driving exponential growth, this could be your next big opportunity.

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? This role involves underwriting across our Insurance Lending products, including Immediate Financing Arrangements (IFA), CSV Max, and CSV Flex, adjudicating corporate and personal credit applications, and delivering excellent service levels.

Responsibilities

• Assess the credit worthiness of both commercial (corporate) and individual borrowers, adhering to the Bank’s lending guidelines and policies.
• Provide recommendations and approvals within designated limits; ensure deals close on schedule by following up on outstanding conditions and documents and 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.
• 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.

What you’ll need

• 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 and ability to handle multiple priorities; able to make decisions under pressure.
• Proven ability to thrive in a changing, high-volume, high-intensity environment; excellent relationship-building skills.
• Knowledge of fraud risk in credit and insurance industries and ability to address concerns related to suspected misrepresentation.
• Willingness to join a growing team and evolving product; proficiency in MS Office (Word and Excel).
• Mandarin speaking is an asset.

What we offer

• 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 policy and personal days
• Virtual events to connect with colleagues
• Annual professional development allowance and a comprehensive Career Development program
• A fulfilling opportunity to join a top FinTech and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion and provides a barrier-free recruitment process. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. We will contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!