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 underwriting renewals, assumptions, and
annual reviews relating to all commercial mortgage product types. The Account
Manager must adhere to established policies and underwriting standards, meeting
compliance and control requirements, while providing solutions to clients in a
timely manner in order to achieve service goals, as well as annual retention
targets. Additional credit related and administrative duties are required, such
as reporting, pipeline management, as well as managing relationships with
external business partners and various staff within the Commercial Department &
other internal departments.
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The core parts of your role would be to:
- On a daily basis, the incumbent will manage renewals, assumptions, annual
reviews, and ad-hoc requests, in order to meet prescribed deadlines.
Attention must be made to ensure that compliance with the Bank’s established
lending guidelines, risk appetite, and procedures are followed with
recommendations submitted to the appropriate level of authority for approval.
The incumbent is responsible to ensure all lending criteria, including
maintaining acceptable ROE thresholds, have been satisfied on deals
underwritten, and outstanding documentation or conditions, if any, are being
met in a timely manner.
- On a daily basis, the incumbent is responsible for ensuring superior customer
service is being delivered.
- On a daily basis, the incumbent will communicate with external contacts
(partners, brokers, counsel, etc.) and internal contacts (management,
funders, coordinators, etc.) to ensure all transactions and ad-hoc requests
are meeting prescribed deadlines in a timely and efficient manner while
delivering superior customer service.
- On a daily basis, the incumbent will be responsible for contributing to
special projects as assigned from time to time.
Let's Talk About You!
- Proficient underwriting skills preferably with a minimum 3-5 years’
commercial mortgage experience and/or SFR underwriting experience
- Working knowledge of AML/ATF regulations and Corporate/Legal documentation
for commercial real estate in multiple jurisdictions across Canada
- Post-secondary education (diploma/degree) preferably in business or finance
- Bilingualism (French/English) is considered an asset
- Sound technical knowledge of commercial real estate underwriting, financial
statement analysis and factors affective 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
Job Complexities/Thinking Challenges
- The position requires an individual to be a self-starter and make sound
underwriting decisions 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. In some cases, viability is assessed with
limited access to information or documentation. 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!
