Commercial Mortgage Analyst, CMHC

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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 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 () one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.

As part of a growing and dynamic commercial team, the Commercial Mortgage Analyst is responsible for underwriting annual reviews for 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 in order 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 external business partners along with various staff within the Commercial department and other internal departments.

• 70%:
  Analyze and underwrite annual reviews for mortgage loans within the CMHC‑insured portfolio, including the initial migration of existing loans to a new underwriting platform. Ensure compliance with the company’s established lending guidelines and procedures, and prepare an annual review submission for approval by management.
• 20%:
  Communicate with external contacts (origination partners) and internal contacts (managers, administrators, and other commercial mortgage staff) to ensure that annual reviews are processed in a timely and efficient manner.
• 10%:
  Manage time and deal flow to meet prescribed deadlines.

• Bilingualism is an asset.
• Minimum 2 years of 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.
• 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 and make sound underwriting decisions as efficiently as possible. Commercial mortgage reviews 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 to work through files and rationalize recommendations or decisions made. In some cases, viability is assessed with limited access to information or documentation.

• 💰 Competitive discretionary bonus
• ✨ Market‑leading RRSP match program
• 🩺 Medical, dental, vision, life, and disability benefits
• 📝 Employee Share Purchase Plan
• 👶🏽 Maternity/Parental top‑up while you care for your little one
• 🏝 Generous vacation policy and personal days
• 🖥 Virtual events to connect with your fellow colleagues
• 🎓 Annual professional development allowance and a comprehensive Career Development program
• 💛 A fulfilling opportunity to join one of the top Fin Techs and help create a new kind of banking experience

The incumbent will be working hybrid, and in‑office time will be spent working from Equitable Bank’s additional office…