Senior Commercial Underwriting Manager, CFG

The core parts of your role would be to :

60% on a daily basis, the incumbent will analyze and underwrite commercial credit facilities together with additional credit related and administrative duties, for all mortgage product types.

Construction and conventional loans range in size from $2.5 million up to $50.0 million. 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.

• 20% on a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and funding deadlines.
• 10% on a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines.
• 10% on a monthly basis, the incumbent will be responsible for various administrative and reporting duties required for the department / Company which will be relied upon by Senior Management.

Let's Talk About You!

• Proficient underwriting skills preferably with a minimum 5 years commercial mortgage 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
• Established organizational skills
• Ability to handle multiple competing priorities
• Good time management skills
• Excellent communication skills, both oral and written
• Ability and desire to attend industry-related events as required

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

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, personal days and even a moving day 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 experienceThe incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.