Senior Analyst, Commercial Financing

First National • Toronto, Ontario, Canada • 14h ago

Reporting To: Closing Date: Hours of Work: Office Location: What we offer: The Opportunity: How you will contribute:

Analyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricing
Review third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditions
Review conditions and exception requests and prepare recommendations to credit/investors. Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptions
Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met
Coordinate with clients and prepare Letters of Interest and Commitment Letters along with managing information flow to ensure smooth loan transactions
Develop and analyze construction/development pro-forma as of various multi-unit housing type projects
Monitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed
Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
Assist from time to time in preparation for prospect and existing client meetings
Assist in training and mentorship of other team members
Perform other duties as necessary to support the goals and objectives of the commercial mortgage division
Adhere to policies/procedures to ensure AML requirements are met, when applicable.
Experience in commercial real estate lending is a must
Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline
2-3 years' experience in CMHC and construction financing required
Minimum 5 years' experience in a relative commercial real estate role
Development industry, private equity, cost consulting, or accounting with a real estate focus experience an asset
Knowledge of applicable real estate lending regulations is a must
Experience in financial analysis (i.e. balance sheet, income statement)
Organizational skills to manage several ongoing and competing tasks simultaneously
Strong understanding of legal documentation, ownership structures and AML requirements
Familiarity with principles of property valuation and the construction process
Advanced PC skills, with an emphasis on Word and Excel
High degree of consistent accuracy and attention to detail
Able to work with minimum supervision
Results oriented and highly motivated self-starter
Bilingualism (French, English) an asset
Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
Supportive teamwork focused environment
Collaborative entrepreneurial spirit
Extensive training programs to set our employees up for success
Bright open concept office environment
Large kitchens with a coffee and latte maker to enjoy at no cost
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year