At a Glance
- Tasks: Analyze and underwrite large commercial loans, ensuring compliance and risk assessment.
- Company: Join Fairstone Bank, a leading alternative lender in Canada with a diverse suite of financial products.
- Benefits: Competitive salary, career growth opportunities, and a supportive team environment.
- Other info: Dynamic workplace with a focus on innovation and integrity.
- Why this job: Make an impact in the financial sector while developing your analytical skills.
- Qualifications: Bachelor's degree and 2 years of experience in commercial underwriting required.
The predicted salary is between 76500 - 93500 $ per year.
Who we are: Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners' growth.
Home Trust Company has developed a track record of success as Canada's leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Our culture has been shaped by the passion and integrity of our people.
About the role: This is a specialized position within Commercial Underwriting that will assist in the oversight of the existing large commercial loans within the commercial mortgage portfolio. The Analyst, Large Commercial is primarily responsible for underwriting renewals and annual reviews for large commercial mortgages in accordance with ongoing regulatory, risk and compliance requirements.
Key Responsibilities:
- Underwriting: Analyze and underwrite renewals and annual reviews with a primary focus in large commercial loans, as part of the ongoing portfolio oversight.
- Complete a detailed analysis of the borrower, guarantor, real estate security and loan terms as well as identifying any associated risk.
- Communicate on a regular basis with direct clients, third party servicers or internal partners regarding mortgages that are maturing and/or coming up for annual review.
- Ensure all files and the SAP system of record are accurate and complete.
- Maintain workflow and complete the underwriting of annual review and renewal files within the target amount of time.
- Attain service standards for processing all mortgage transactions in accordance with Company policies and procedures.
- Ensure all transactions adhere to and are appropriately risk rated.
- Assist in the preparation of monthly, quarterly, and annual reports for senior management, as necessary.
What we're looking for:
- Bachelor's degree required in related area with 2 years of experience in commercial underwriting.
- Understanding of commercial mortgage products.
- Strong organizational, time-management and analytical skills to work effectively with established guidelines.
Commercial Portfolio Analyst in Toronto employer: fairstone
Fairstone is an exceptional employer that fosters a dynamic and supportive work culture, where motivated individuals can thrive in a fast-paced environment. With a strong focus on employee growth, we offer comprehensive benefits, incentives, and opportunities for advancement within our brand family, making it an ideal place for those looking to build a rewarding career in sales and financial solutions.
