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 Senior Underwriter is responsible for conducting expert credit reviews
across the entire suite of Insurance Lending products which includes Immediate
Financing Arrangements (IFA), CSV Max, and CSV Flex applications. The incumbent
will be responsible for adjudicating complex corporate and personal credit
applications will maintaining excellent service levels.
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The Work !
- Assess the credit worthiness of both commercial (corporate) and individual
borrowers, while adhering to the Bank’s lending guidelines and policies.
- Provide recommendations and approvals within designated limits, including
those of peers when necessary. Ensure that approved deals close as scheduled
and as efficiently as possible, by following up on outstanding
conditions/documents and ensuring compliance with established guidelines.
- Demonstrate a comprehensive understanding of the nuances of Whole Life
Insurance policies, including their structure, functionality, as well as the
impact of future policy changes on the credit portfolio.
- Deliver exceptional, customer-centric service to both internal and external
stakeholders; participate in sales meetings, as required.
- ·Mentor team members on credit adjudication and compliance practices.
- 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.
Let's Talk About You !
- Post-secondary education in business or finance.
- In-depth knowledge of commercial underwriting and financial statements
analysis.
- Proficient underwriting skills, with a minimum of 2-4 years 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, analytical
and problem-solving skills, able to handle multiple competing priorities.
Ability to make decisions under pressure.
- Proven ability to thrive in a constantly changing environment and to perform
well in a high volume, high intensity environment.
- Excellent relationship building skills.
- Demonstrated ability to coach and mentor more junior employees.
- Autonomous decision making on files of greater complexity.
- Knowledge of fraud risk in the credit and insurance industries and the
ability to address concerns relating to suspected misrepresentation is
required.
- A desire and a willingness to join a growing team and evolving product.
- Proficiency in MS Office (mainly MS Word and Excel).
- CFA/CPA would an asset.
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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
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!
