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 team, the Commercial Mortgage
Analyst is responsible for underwriting annual reviews for CMHC-insured
commercial mortgages. The Underwriter must adhere to established policies and
underwriting standards, meeting compliance and control requirements, while
finding creative solutions in a timely manner in order to achieve service goals
as well as annual target volumes. Additional credit-related and administrative
duties are also required such as reporting and pipeline management as well as
networking with external business partners along with various staff within the
Commercial department & other internal departments.
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The core parts of your role would be to:
- 70% On a daily basis, the incumbent will analyze and underwrite annual
reviews for mortgage loans within the CMHC-insured portfolio. This will
include the initial migration of existing loans to a new underwriting
platform. Attention must be made to ensure compliance with the company’s
established lending guidelines and procedures. The incumbent will submit
prepare an annual review submission for approval by management.
- 20% On a daily basis, the incumbent will communicate with external contacts
(origination partners) and internal contacts (managers, administrators, and
other commercial mortgage staff) to ensure that annual reviews are processed
in a timely and efficient manner.
- 10% On a daily basis, the incumbent is responsible for time management of
their deal flow in order to meet prescribed deadlines.
Let's Talk About You!
- Bilingualism is an asset
- 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
- Established organizational skills
- Ability to handle multiple competing priorities
- Good time management skills
- Excellent communication skills, both oral and written
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
reviews 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
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!
