Underwriting Associate

Peoples Group; Calgary; Hybrid; CAD 70,000 - 80,000; Full time

Benefits offered by this job

Hybrid work environment

Profit sharing

RRSP matching

Benefits from day one

Generous paid time off

Job summary

Peoples Group in Canada is seeking an experienced real estate finance professional to underwrite CMHC‑insured, conventional and commercial loans across our Calgary office, with collaboration across the Vancouver and Toronto teams.

You will analyze financial statements, review appraisals and third‑party reports, coordinate with account managers, and ensure timely, high‑quality underwriting and compliance with CMHC guidelines.

Qualifications

• 3+ years of experience in commercial real estate finance with CMHC knowledge.
• Strong financial statement analysis and underwriting skills.
• Deep understanding of CMHC policies and lending guidelines.
• Excellent communication and collaboration skills.
• Bilingual French/English is an asset.
• CPA/CFA/MFin or equivalent preferred.

Responsibilities

• Evaluate and recommend conventional and CMHC mortgage loans in the Region in accordance with procedures and policy guidelines.
• Coordinate with Account Manager and regional VP on new loan applications from inquiry stage to formal commitment.
• Engage directly with clients and brokers throughout the loan application process, ensuring high-quality underwriting standards and cultivating strong, professional relationships.
• Review appraisals, environmental and building condition reports and any other third-party reports in accordance with policy.
• Review and verify all required documentation from CMHC and the internal credit approval team to ensure completeness and compliance.
• Ensure timely and accurate execution of rate locks and delivery of all related documentation to clients and brokers.
• Create and monitor monthly results reports, including inputting data through CRM.
• Be able to quantify the impact of loans by focusing on improving key metrics, KPIs, and maximizing ROI.

Skills

CMHC underwriting

Financial analysis

Communication

Bilingual English/French

AML/KYC compliance

Team collaboration

Education

CFA / CPA / MFin or equivalent

Tools

Microsoft Excel

CRM software

MS Office Suite

Job description

We are hiring for this position out of our Toronto, Vancouver and Calgary offices. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.

Candidates who are fluent in both English and French will be given preference.

About The Role

You're an expert in real estate financing, effortlessly navigating CMHC guidelines with confidence. Your strength lies in analyzing and underwriting CMHC-insured, conventional, and commercial real estate loans. Backed by a strong financial background, you consistently meet deadlines without compromising quality. Your communication skills are exceptional—you connect smoothly with colleagues across all levels and external partners alike. You're unafraid to speak up when questions arise and thrive on collaborating with your team to find the best solutions. As a forward thinker, you excel in dynamic, fast‑paced settings where teamwork and agility are key.

About The Day-to-day

• Evaluate and recommend conventional and CMHC mortgage loans in the Region in accordance with procedures and policy guidelines.
• Coordinate with Account Manager and regional VP on new loan applications for all types of real estate transactions from inquiry stage to formal commitment.
• Engage directly with clients and brokers throughout the loan application process, ensuring high‑quality underwriting standards and cultivating strong, professional relationships.
• Review appraisals, environmental and building condition reports and any other third‑party reports in accordance with policy.
• Review and verify all required documentation from CMHC and the internal credit approval team to ensure completeness and compliance.
• Ensure timely and accurate execution of rate locks and delivery of all related documentation to clients and brokers.
• Create and monitor monthly results reports, including inputting data through CRM.
• Be able to quantify the impact of loans by focusing on improving key metrics, KPIs, and maximizing ROI.

About The Qualifications

• 3+ years of experience in the commercial real estate finance industry with a strong understanding of Canadian commercial real estate markets.
• Strong financial background and acumen.
• Comprehensive understanding of CMHC policies, corporate lending guidelines, and regional market dynamics.
• Proficient in analyzing financial statements to support informed decision‑making.
• Strong interpersonal, organizational, and time‑management abilities.
• Skilled at prioritizing tasks effectively to meet business objectives.
• Advanced proficiency in Microsoft Office applications, including data analysis, visualization, and automation.
• Comfortable working both independently and collaboratively within teams.
• Well‑versed in Anti‑Money Laundering (AML) and Know Your Customer (KYC) compliance requirements.
• Exceptional written and verbal communication skills.
• Bilingual (French/English) an asset.
• Thrives under pressure, consistently delivering results within tight deadlines.
• CFA, CPA, MFin, or equivalent qualifications are preferred.

About Us

Peoples Group is a trusted financial services company for the innovators at the forefront of Canada’s economic future. With offices in Vancouver, Calgary, and Toronto, we are driving change by working alongside challenger banks, fintechs, brokers, and merchants to foster a dynamic and competitive financial ecosystem.

Our culture is built on four core behaviours: Grit to Grow, Connect to Collaborate, Putting Clients First, and Owning the Outcome. We believe people do not simply choose a company to work for—they choose a company that makes a positive impact in the lives of Canadians. Above all, we value people, build meaningful relationships, focus on individual strengths, and approach our work with passion.

About The Work Environment

Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in‑office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:00am and 4:30pm with flexibility around start/end times.

We Offer

• A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
• Competitive salaries, profit sharing, RRSP matching and benefits from day one.
• Generous paid time off to help achieve a healthy work‑life balance.
• A strengths‑based approach, ensuring we work together more effectively.
• A commitment to your well‑being in five key areas: Financial, Physical, Social, Career, and Community.

Peoples Group is pleased to offer employees a competitive annual salary plus a discretionary profit share opportunity. Salary for this position will vary between $70,000 and $80,000 per year depending on the knowledge, skills, abilities and experience that the chosen candidate possesses.

NOTE: This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.

We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.