Eqbank1mo ago

Commercial Mortgage Analyst, Portfolio Management, CFG

Toronto · TorontoFull Timemid

OtherCommercial Mortgage Analyst Portfolio Management

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Quick Summary

Overview

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.

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OtherCommercial Mortgage Analyst Portfolio Management

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 800,000 customers 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 $142 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 Work

As part of a growing and dynamic Commercial team, the Commercial Mortgage Analyst will assist the Commercial Portfolio Management team with the management and oversight of the Commercial Finance Group (CFG) portfolio. The Commercial Mortgage Analyst will assist Senior/Account Managers with the day-to-day management of their respective commercial mortgage portfolios, which are comprised of both conventional and construction mortgages.

The Commercial Mortgage Analyst is responsible for successfully managing the construction sub-advance pipeline while meeting compliance and control requirements, to achieve service goals and department-level targets.

Additional credit-related and administrative duties are also required such as assisting Senior/Account Managers with the completion of construction, annual reviews, ad hoc requests, extension memorandums, reporting and pipeline management, as well as networking with external business partners, along with various staff, within the Commercial department and other internal departments.

On a daily basis, the incumbent will support the Commercial Portfolio Management team with the ongoing management of active loans. Specifically, time will be spent on the review and analysis of construction sub-advance requests (60%).

On a daily basis, the incumbent will support Account Managers and/or Sr. Account Managers with the preparation of annual reviews, extension memorandums, and ad hoc requests quickly, efficiently, and accurately, often with limited and/or incomplete information. The incumbent must be able to manage multiple competing priorities in order to achieve aggressive timelines. (30%).

On a daily basis, the incumbent will be responsible for maintaining the currency of all renewal/annual review/sub-advance pipeline reports. The incumbent will be responsible for the preparation of specific departmental management reports that will be relied upon by Management (10%).

Post-secondary education (diploma/degree) preferred, preferably in business or finance

3+ years’ experience in the financial services industry, preferably experience working in commercial banking or commercial mortgage lending

Demonstrated service excellence within their field

Strong 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

The position requires the incumbent to be a self-starter. Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem-solving. The incumbent must also have the ability to work independently with minimal supervision to properly identify and mitigate risks associated with individual transactions while balancing the needs of the client. 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.