Associate Director, Commercial Financing
Job in
Vancouver, BC, Canada
Listing for:
First National
Full Time
position
Listed on 2026-01-16
Job specializations:
-
Finance & Banking
Financial Analyst, Real Estate Finance
Salary/Wage Range or Industry Benchmark: 78841 - 126146 CAD Yearly
CAD
78841.00
126146.00
YEAR
Job Description & How to Apply Below
We are hiring
an Associate Director
in our Commercial Financing department!
The Role:
The Associate Director contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer and investor policies. The role is specific to CMHC, construction and conventional commercial real estate financing requests.
Reporting To:
Assistant Vice President, Commercial Financing
Full-Time/Part
- Time:
Full-time
Salary Range:
$78,841 - $126,146
Posting Date:
January 31, 2024
Closing Date:
March 8, 2024
Hours of Work:
8:30 – 5:00
Grade:
Office
Location:
Vancouver BC
Great location! Steps away from the main public transit station
What we offer:
Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!
* Eligibility for benefits is dependent on the terms of employment
What you will do:
Provide oversight and support to more analysts working directly within the team, including reviewing underwriting, credit applications and loan commitments.Ability to handle complex transactions from start to finish with minimal oversight.Work directly with clients and prospects to gather due diligence, advance relationships and recommend appropriate mortgage solutionsMake decisions on advancement of loan opportunities, complex structuring and creditAnalyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricingReview third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditionsReview conditions and exception requests and prepare recommendations to credit/investors. Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptionsPrepare loan summary including financial analysis and credit documents to assist in the loan approval processCoordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are metCoordinate with clients and prepare Letters of Interest and Commitment Letters along with managing information flow to ensure smooth loan transactionsDevelop and analyze construction/development pro-forma as of various multi-unit housing type projectsMonitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performedMonitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First NationalAssist from time to time in preparation for prospect and existing client meetingsAssist in training and mentorship of other team membersPerform other duties as necessary to support the goals and objectives of the commercial mortgage divisionAdhere to policies/procedures to ensure AML requirements are met, when applicable.The
Requirements Needed:
Experience in commercial real estate lending is a mustUndergraduate Degree and/or MBA with focus in a Finance/ Real Estate related disciplineKnowledge of applicable real estate lending regulations is a mustExperience in financial analysis ( balance sheet, income statement)Organizational skills to manage several ongoing and competing tasks simultaneouslyExperience communicating with clients, appraisers, engineers, lawyers, consultants, investors and/or credit committeesStrong understanding of legal documentation, ownership structures and AML requirementsPreferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a commercial mortgage focusFamiliarity with principles of property valuation and the construction processAdvanced PC skills, with an emphasis on Word and ExcelHigh degree of consistent accuracy and attention to detailAble to work with minimum supervisionResults oriented and highly motivated self-starterBilingualism (French, English) an…
Position Requirements
10+ Years
work experience
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