Commercial Mortgage Analyst - Portfolio Management

About EQ Bank

EQ Bank is an innovative financial institution serving nearly 4 million Canadians nationwide, providing a diverse range of services including banking, lending, trust, and credit union solutions. Since 1970, EQ Bank has continuously challenged traditional banking models by delivering smarter, faster, and more interconnected financial experiences. Operating as one of Canada's leading challenger banks, EQ Bank thrives on a culture of inquisitive and forward-thinking professionals committed to reshaping the financial landscape.

Role Overview

The Commercial Mortgage Analyst will join the dynamic Commercial team to provide vital support to the Commercial Portfolio Management group, overseeing the Commercial Finance Group's portfolio consisting of conventional and construction mortgages. This role involves managing construction sub-advance requests within compliance guidelines, supporting Senior and Account Managers with portfolio management, and handling credit and administrative tasks essential for effective portfolio oversight.

Key Responsibilities

• Daily assessment and management of construction sub-advance requests, dedicating approximately 60% of time to review and analysis.
• Assist Senior and Account Managers in preparing annual reviews, extension memorandums, and handling urgent or ad hoc portfolio-related requests efficiently under tight deadlines (around 30% of time).
• Maintain up-to-date renewal, annual review, and sub-advance monitoring reports, as well as generate specific management reports for leadership use (about 10% of time).

Required Qualifications and Skills

• Preferably post-secondary education in business or finance (diploma or degree).
• A minimum of 3 years experience in the financial services sector, ideally with a background in commercial banking or commercial mortgage lending.
• Proven track record in delivering excellent client service.
• Proficiency with MS Office, especially Word and Excel.
• Strong analytical and problem-solving capabilities.
• Sound business judgment complemented by technical knowledge of secured lending and an understanding of commercial mortgage market dynamics.
• Excellent organizational and multitasking abilities with effective time management skills.
• Superior verbal and written communication proficiency.

Work Challenges

This role demands a self-driven individual capable of tackling complex commercial mortgage assessments that require innovative and proactive solutions. Independence is essential, with responsibilities involving risk identification and management within client transactions while adhering to corporate policy and regulatory frameworks. Some decisions must be made with limited documentation or information.

Additional Information

The position involves hybrid working arrangements, including on-site presence at EQ Bank's additional office at 2200-25 Ontario Street, Toronto, ON.

Compensation and Benefits

• Competitive discretionary bonus program.
• Market-leading Registered Retirement Savings Plan (RRSP) matching.
• Comprehensive medical, dental, vision, life insurance, and disability benefits.
• Employee Share Purchase Plan.
• Maternity and parental leave top-up benefits.
• Generous vacation policy and personal days.
• Virtual events to engage with colleagues.
• Professional development initiatives and a thorough Career Development program.
• Opportunity to contribute to one of the top FinTech companies fostering innovative banking experiences.

Equity, Diversity & Inclusion

EQ Bank is dedicated to fostering an inclusive and accessible workplace where every employee is valued and respected. The company promotes diverse perspectives and experiences, supporting both professional and personal growth. EQ Bank ensures a barrier-free recruitment process and workplace environment and will provide accommodation requests as needed during hiring and employment.

Recruitment Process Notice

Artificial Intelligence tools may be used during the recruitment phases for screening and assessment purposes, with all results reviewed by the talent team. Successful candidates must pass criminal background and credit checks. Only those matching the role requirements will be contacted.