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Commercial Banking Associate
Full time @GRITalent posted 10 months ago in Client Services & Operation Support , in Risk Management Governance & Compliance , in Wealth Management & Financial Planning Shortlist Email JobJob Description
About Us
A boutique Financial Institution with offices located in Vancouver, Calgary, Toronto, and Montreal that has been in the Canadian marketplace for over 30 years. Our mission is to exceed our customers’ expectations by providing exceptional customer service backed by extensive product knowledge and experience. Our culture here is formed by our values; Strength-Based, Relationship Focused, and Passionate Execution. We believe people don’t choose a company to work for, they choose a company to join. We prioritize risk-based practices and procedures in order to remain risk intelligent and compliant. We also believe that people come first and each day we strive to be willing, trustworthy, and creative.
About The Work Environment
We offer a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you’ll be working regular business hours, Monday to Friday between 8:00am and 4:30pm with flexibility around start & end time. We are hiring for this position out of our Toronto, Vancouver and Calgary offices. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.
About You
You can confidently navigate CMHC guidelines, and your superpower is analyzing and underwriting CMHC insured, conventional and commercial real estate loans. You have amazing communication skills and are at ease speaking with individuals from all levels of an organization, as well as external partners. You are comfortable speaking up when you don’t have all the answers and enjoy collaborating with your team to explore them. You are a forward thinker who thrives working in a fast-paced environment with a tightly knit team.
About You / Qualifications
- 3 years’ experience in the commercial real estate finance industry
- Strong understanding of commercial real estate markets in Canada and in particular the Prairie provinces
- Knowledge of CMHC policies and corporate lending policies
- Experience in financial statement analysis
- Strong interpersonal, organizational and time management skills
- Ability to establish and set priorities
- Excellent Microsoft Office skills
- Ability to work independently and within a team environment
- Familiarity with AML and KYC requirements
- Excellent written and verbal communication skills
- Work well under pressure and tight deadlines
About The Day-to-day
- Evaluate and recommend conventional and CMHC mortgage loans in the region in accordance with procedures and policy guidelines
- Coordinate with Account Manager and regional VP on new loan applications for all types of real estate transactions from inquiry stage to formal commitment
- Create and monitor monthly results reports, including inputting data through CRM
- Process mortgage renewals from initial contact to renewal approval and commitment, and to facilitate assumptions where appropriate
- Review appraisals, environmental and building condition reports and any other third-party reports in accordance with policy
- Process annual reviews of loans
- Be able to quantify the impact of loans by focusing on improving key metrics, KPIs, and maximizing ROI.
Annual Compensation
We offer employees a competitive annual salary and discretionary profit share opportunity. Salary for this position will vary between $60,000 and $80,000 with additional10%-15% bonus per year depending on the knowledge, skills, abilities & experience that the chosen candidate possess. As part of our recruiting process, shortlisted candidates will be asked their salary expectations for this position.
Help us get to know you better by answering our application questions! Your participation is an expected and essential part of our selection process.