Bilingual Commercial Underwriting Manager, Business Enterprise Solutions (BES)

EQ Bank
Toronto
On-site
Full-time
Posted about 1 year ago
Commercial Credit

Job Description

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.

Responsibilities

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.
  • 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.
  • Requirements

    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
  • Ready to Apply?

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