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, dynamic & solution-focused commercial team, the Commercial
Mortgage Underwriter is responsible for underwriting conventional commercial
mortgages. The underwriter must adhere to established policies and underwriting
standards, meeting compliance and control requirements, while finding creative
and service-oriented solutions in a timely manner in order to achieve department
goals as well as annual target volumes. Additional credit-related and
administrative duties are also required such as reporting and pipeline
management. As well, networking with mortgage brokers, partners and other
external third parties along with various staff within the Credit & Risk group &
other internal departments.
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The core parts of your role would be to:
- 50% on a daily basis, the incumbent will analyze and underwrite commercial
credit facilities together with additional credit related and administrative
duties, for conventional commercial mortgage product types. Attention must be
made to ensure that compliance with the company’s established lending
guidelines and procedures are followed with recommendations submitted for
approval to management. The incumbent is responsible to ensure all lending
criteria have been satisfied on deals underwritten and outstanding
documentation/conditions, if any, are being met in a timely manner.
- 30% on a daily basis, the incumbent will communicate with internal contacts
(funders, managers, administrators, and commercial sales staff) as well as
external contacts (lending partners, mortgage brokers, Clients, solicitors,
appraisers and consultants) to ensure transactions are processed in a timely
and efficient manner in order to deliver superior customer service and
funding deadlines. Site inspections of properties or drive-by inspections may
be required, on a deal-to-deal basis.
- 15% on a daily basis, the incumbent is responsible for pipeline review and
time management of their deal flow in order to meet prescribed deadlines.
- 5% on a monthly basis, the incumbent will be responsible for various
administration and reporting duties required for the department/Company,
which will be relied upon by Senior Management.
Let's Talk About You!
- Bilingualism is required
- Proficient underwriting skills with a minimum 2 years commercial mortgage
experience and/or SFR underwriting experience
- Demonstrated service excellence within their field
- Post-secondary education (diploma/degree) preferred , preferably in business
or finance
- Good working knowledge of MS Office (primarily word and excel)
- Effective analytical and problem solving skills
- Strong business sense combined with sound technical knowledge of secured
lending and factors affecting the commercial mortgage market
- Excellent organizational and time management skills
- Ability to handle multiple competing priorities while providing optimal
customer service
- Excellent communication skills, both oral and written
- Ability and desire to attend broker related events as required (often, after
hours)
- Access to a vehicle for site inspections
Job Complexities/Thinking Challenges
- The position requires the incumbent to be a self-starter and make sound
underwriting decisions as efficiently as possible. Commercial mortgage
applications can be complex in nature, requiring creative and innovative
thinking and proactive problem solving. 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.
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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
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!
