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EQ Bank | Equitable Bank logo
EQ Bank | Equitable Bank

Posted 5 days ago

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Underwriter, Insurance Lending Solutions (Contract)

TorontoHybrid

AI Summary

An Underwriter reviews credit for Insurance Lending products (IFA, CSV Max, CSV Flex), assessing corporate and personal borrowers, ensuring compliance, closing approved deals, and providing customer service.

About this role

Join a Challenger

At EQB, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!


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.

The Core Repsonsibilities!

  • 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.

    • 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.

    • Skills

    AMLATFCommercial UnderwritingExcelFinancial Statements AnalysisMandarinMicrosoft WordWhole Life Insurance

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