Underwriter, Insurance Lending Solutions (Contract)

EQ Bank
Toronto
On-site
Contract
Posted 26 days ago
REM

Job Description

The Work
 
The Underwriter is responsible for conducting credit reviews across the entire suite of Insurance Lending products which includes Immediate Financing Arrangements (IFA), CSV Max, and CSV Flex applications. The incumbent will be responsible for adjudicating corporate and personal credit applications, while maintaining excellent service levels.   

Responsibilities

The Core Responsibilities!

  • Assess the credit worthiness of both commercial (corporate) and individual borrowers, while adhering to the Bank’s lending guidelines and policies.
  • Provide recommendations and approvals within designated limits. Ensure that approved deals close as scheduled and as efficiently as possible, by following up on outstanding conditions/documents and ensuring compliance with established guidelines. 
  • Demonstrate a comprehensive understanding of the nuances of Whole Life Insurance policies, including their structure, functionality, as well as the impact of future policy changes on the credit portfolio. 
  • Deliver exceptional, customer-centric service to both internal and external stakeholders; participate in sales meetings, as required.
  • Actively engage in team efforts and support colleagues.  
  • Maintain a high level of professionalism in all interactions.
  • Support other areas within the Growth Business unit as required. 
  • Requirements

    Let's Talk About You!

  • Post-secondary education in business or finance.
  • In-depth knowledge of commercial underwriting and financial statements analysis.
  • Proficient underwriting skills, with a minimum of 1 year of commercial lending experience.
  • Insurance lending experience preferred
  • Exposure to and knowledge of whole life insurance products is highly preferred.
  • Strong analytical and problem-solving skills, with the ability to assess credit applications holistically.
  • Sound knowledge of AML & ATF practices.
  • Excellent time management, analytical and problem-solving skills, able to handle multiple competing priorities. Ability to make decisions under pressure. 
  • Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment.
  • Excellent relationship building skills.
  • Knowledge of fraud risk in the credit and insurance industries and the ability to address concerns relating to suspected misrepresentation is required.
  • A desire and a willingness to join a growing team and evolving product.
  • Proficiency in MS Office (mainly MS Word and Excel).
  • Mandarin speaking will be an asset. 
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