Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get
creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers
that break through the status quo. So, if you’re passionate about redefining the
future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 670,000 people
across Canada through Equitable Bank, Canada's Challenger Bank™, and have been
around for more than 50 years. Equitable Bank's wholly-owned subsidiary,
Concentra Bank, supports credit unions across Canada that serve more than six
million members. Together we have over $125 billion in combined assets under
management and administration, with a clear mandate to drive change in Canadian
banking to enrich people's lives. Our customers have named our EQ Bank digital
platform (eqbank.ca [https://www.eqbank.ca/]) one of the top banks in Canada on
the Forbes World's Best Banks list since 2021.
The Work
The Senior Analyst, CFG is responsible for supporting the Director, Regional
Director and Vice President & Managing Director, Origination by analyzing
commercial mortgage loan requests, which shall include all mortgage loan types,
and assisting with the achievement of annual department target volumes. The
incumbent is accountable for supporting the Origination team in the analysis,
preparation, execution and fulfillment of commercial mortgages within specific
markets and designated Canadian geographic areas. In this role, the Senior
Analyst must be knowledgeable about Equitable Bank’s mortgage products and
processes while having a good understanding of the underwriting, risk and
compliance guidelines to ensure all files meet industry and company regulatory
requirements.
The Incumbent will also be responsible for maintaining and updating commercial
mortgage files/pipeline report from the acknowledgement/letter of intent stage
to the funding stage by acting as a liaison between the underwriting, funding
and compliance departments. Additional duties will include weekly, monthly and
quarterly reporting, networking with partners, clients, brokers and other
external business partners as well as staff within the Commercial Lending group
and other internal departments.
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The core parts of your role would be to:
- 1. Analytical Support (40%)
On a daily basis, the incumbent will analyze commercial mortgage requests to
determine suitability based on company lending guidelines, limits and
parameters. Attention must be made to ensure that compliance with the Bank’s
established lending guidelines and procedures are followed. The Incumbent is
responsible to ensure a thorough review of pertinent documentation to assess
credit worthiness of transactions by aligning Equitable Bank’s lending criteria
with partner/customer needs. Communication with internal contacts (i.e. senior
underwriters, underwriters, funders) and third party providers (i.e. Lending
Partners, Brokers, Clients) will be required to obtain/review/analyze loan
requests.
2. Process Support (30%)
Assist in the processing of transactions accurately and within specified
timeframes, working in tandem with the Credit and Funding teams to ensure all
lending criteria has been satisfied and outstanding documentation or conditions,
if any, are being met in a timely manner.
3. Origination Support (20%)
The incumbent will assist the Regional Directors, and Vice President & Managing
Director, Origination in meetings and presentations with brokers, clients,
partners and credit department to fully understand the nature of the loan
requests, the needs of the customers and lending criteria adherence.
Participation in industry and company events (sales presentations, networking
events, etc.) will be required.
4. Workflow (5%)
On a daily basis, the incumbent is responsible for time management of their
workflow along with the team in order to meet prescribed deadlines.
5. Reporting (5%)
The incumbent will be responsible for the preparation and updating of pipeline
reporting
Let's Talk About You!
- Post-secondary education (diploma/degree) preferably in business or finance
is required. Specialization in Real Estate (eg. Urban Land Economics, Real
Property Valuation/Assessment) a definite asset
- Proficient underwriting skills with a minimum of 5 years commercial mortgage
underwriting experience
- Experience with construction lending guidelines and requirements
- Sound technical knowledge of commercial real estate underwriting, financial
statement analysis and factors affective the commercial mortgage market
- Bilingualism is an asset
- Effective analytical and problem solving skills
- Working knowledge of AML/ATF regulations and Corporate/Legal documentation
(both direct and partner originated transactions) for commercial real estate
in multiple jurisdictions across Canada
- Excellent working knowledge of MS Office (primarily Word, Excel and
PowerPoint)
- E.A. or AACI designation an asset
- Strong organization and time management skills with the ability to handle
multiple competing priorities
- Demonstrated ability to work independently to achieve goals
- Strong negotiation skills
- Highly developed verbal and written communication skills with the ability to
respond in a clear, concise and professional manner
Job Complexities / Thinking Challenges:
- The position requires an individual to be a self-starter and make sound
underwriting recommendations as efficiently as possible. The incumbent
should be prepared to manage files of greater complexity at all times and
shall possess strong cognitive skills, professional judgement and the ability
to work independently with minimal supervision to properly assess individual
transactions and rely on past experiences to assist in mitigating risk. The
incumbent is required to follow corporate policies, procedures and regulatory
requirements in order to work through files and rationalize the
recommendations or decisions made. Transactions may be presented from
multiple external partners, each partner having unique complexities. As
such, the incumbent must be able to draw on specific product/document
knowledge to assess suitability.
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LI-Hybrid
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
The incumbent will be working hybrid and in office time will be spent working
from Equitable Bank’s additional office space located at 2200-25 Ontario Street,
Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger
and our employees thrive when we honour and celebrate everyone’s 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 beyond. All 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 can’t wait to get to know you!
