Commercial Mortgage Underwriter, CMHC Portfolio Management

Join a ChallengerBeing a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.We are a big (and growing!) family. Overall 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) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.The WorkAs part of a growing and dynamic CMHC Portfolio Management team, the Commercial Mortgage Underwriter is responsible for underwriting, renewals, assumptions, and ad-hoc pertaining to all 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 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 our partners along with various staff within the Commercial department & other internal departments.The core parts of your role would be to:On a daily basis, the incumbent will strive to provide superior customer service with respect to our partners and building a strong relationshipOn a daily basis, the incumbent will ensure, renewals, assumptions, and ad-hoc requests are completed quickly, efficiently, and accuratelyOn a daily basis, the incumbent is responsible for ensuring that credit risk is within approved guidelines. Credit documentation shall be thoroughly assessed in accordance with established policies and underwriting procedures, with recommendations submitted in compliance with the Bank’s delegated authority limitsOn a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlinesOn a weekly, monthly, and/or quarterly basis, the incumbent will be responsible for the preparation and management of various reports e.g., Maturity Reporting, as required for the department/Company which will be relied upon by Senior ManagementOn a daily basis, the incumbent will be responsible for contributing to special projects as assigned from time to timeLet's Talk About You!Post-secondary education preferable in business or financeBilingualism (French/English) is considered an assetProficient underwriting skills with a minimum 2-4 years’ commercial mortgage experienceSound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affecting the commercial mortgage marketGood working knowledge of MS Office (primarily Word and Excel)Effective analytical and problem-solving skillsStrong organizational and time management skillsAbility to handle multiple competing prioritiesDemonstrated ability to work independently to achieve goalsHighly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise, and professional mannerWhat we offer (For full-time permanent roles) Competitive discretionary bonus? Market leading RRSP match program