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
As part of a growing and dynamic Commercial Portfolio Management team, the
Account Manager is responsible for the day-to-day management of an assigned
group of lending partners and associated portfolio of mortgages, from funding
through maturity. The Account Manager will be focused mainly on conventional
and construction mortgages secured by all types of asset classes. The Account
Manager will be looked upon to deliver superior customer service by
understanding, and responding to, the needs of the client by way of underwriting
renewals, assumptions, refinances, loan modifications, etc.in [http://etc.in] an
effort to meet annual retention targets. Work product must adhere to
established policies and underwriting standards and meet compliance and control
requirements. Additionally, the incumbent will be responsible for monitoring
risks associated with their commercial construction lending portfolio. Working
closely with the Commercial Analyst and the Manager, Portfolio Management, this
individual will be responsible for day-to-day management of their construction
portfolio which will include monitoring project status and associated covenants,
identifying and mitigating execution risk via communication with internal and
external stakeholders, regular site inspections, and oversight of work completed
by the Commercial Analyst.
The Account Manager must ensure that risk associated with their portfolio is
comprehensively controlled and within the Bank’s risk appetite and that loans
remain in compliance with lending parameters by way of completion of annual
reviews. Additional credit-related and administrative duties are also required
such as subsequent advances, reporting and pipeline management, as well as
networking with external business partners along with various staff wit
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The Core Responsibilitites!
- The incumbent will strive to provide superior customer service with respect
to their assigned relationships. Renewals, refinances, extensions,
assumptions, annual reviews and ad-hoc requests will be negotiated and
completed quickly, efficiently, and accurately (35%).
- Review on-going sub-advance requests prepared by the Commercial Analyst. The
review of sub-advances includes ensuring that the project remains on schedule
and on budget. In the event of cost overruns, the incumbent will work closely
with lending partners to ascertain cause of overruns while ensuring
appropriate tools are in place to address same and that all internal
stakeholders are consulted with (25%).
- Responsible for ensuring that credit risk associated with their portfolio of
mortgages is controlled and within approved guidelines. Credit documentation
shall be thoroughly assessed in accordance with established policies and
underwriting procedures, with recommendations submitted in compliance with
the Bank’s delegated authority limits (20%).
- Communicate with internal contacts (management, originations, funders,
coordinators, etc.) to ensure all transactions and ad-hoc requests are
meeting prescribed deadlines in a timely and efficient manner(10%).
- On a weekly, monthly, and/or quarterly basis, the incumbent will be
responsible for the preparation of specific reports on assigned categories
required for the department/Company which will be relied upon by Senior
Management(5%).
- Responsible for contributing to special projects as assigned from time to
time(5%).
Let's Talk About You!
- Post-secondary education preferably in business or finance.
- Bilingualism (French/English) is considered an asset.
- Proficient underwriting skills with a minimum 2-4 years’ commercial mortgage
experience.
- Working knowledge of AML/ATF regulations and Corporate/Legal documentation
for commercial real estate in multiple jurisdictions across Canada.
- Sound technical knowledge of commercial real estate underwriting, financial
statement analysis and factors affecting the commercial mortgage market.
- Good working knowledge of MS Office (primarily Word and Excel).
- Effective analytical and problem-solving skills.
- Strong organizational and time management skills.
- Ability to handle multiple competing priorities.
- Strong negotiation skills.
- Demonstrated ability to work independently to achieve goals.
- Highly developed verbal and written communication skills with the ability to
communicate to Senior Management and Partners in a clear, concise and
professional manner.
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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 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!
