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EQ Bank | Equitable Bank logo
EQ Bank | Equitable Bank

Posted 2 months ago

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Bilingual Commercial Underwriting Manager, Business Enterprise Solutions (BES)

TorontoOn-siteFull-time

AI Summary

The Bilingual Commercial Underwriting Manager leads the underwriting of conventional commercial mortgages at Equitable Bank’s Concentra subsidiary, ensuring compliance, pipeline management, and timely, service-oriented decisions.

About this role

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, 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.

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.

    • 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

    • 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.

    • Skills

    Commercial Mortgage UnderwritingComplianceConventional Commercial MortgagesCredit AnalysisMS Office (Word, Excel)Pipeline ManagementProperty Inspections (site/drive-by)SFR Underwriting

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