First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law. First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process. We are hiring a Senior Analyst, Commercial Financing!Reporting To: Assistant Vice President, Commercial FinancingFull-Time/Part- Time: Full-timeSalary Range: $63,073.00-$100,917.00Posting Date: January 16, 2025Closing Date: January 30, 2025Hours of Work: 8:30 a.m. 5:00 p.m.Grade: 12.2Office Location: Vancouver, BCWhat 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 employmentThe OpportunityThe Senior Analyst 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.How you will contribute:Analyze 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 experience you need:Experience in commercial real estate lending is a mustUndergraduate Degree and/or MBA with focus in a Finance/ Real Estate related disciplineMinimum 5 years experience in a relative commercial real estate roleKnowledge of applicable real estate lending regulations is a mustExperience in financial analysis (i.e. balance sheet, income statement)Organizational skills to manage several ongoing and competing tasks simultaneouslyStrong 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 real estate 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 assetWorking Environment and Physical Demands Analysis:Office environmentPeriods of high volume with tight timelinesLong periods of stationary position/sittingProlonged periods of repetitive movement (i.e. using a keyboard and mouse)Long periods of time in viewing a computer screenMulti-tasking may include speaking to customers on a telephone call while looking up information on a computer program. Why join First National?Competitive CompensationComprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)Extensive training programs to set our employees up for successModern office environment conducive to collaborationSupportive teamwork cultureOpportunities to give back to the communities and work through events focused on a variety of charitiesOngoing social events throughout the year The team youll join:Founded in 1988, First National is one of Canadas largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canadas largest commercial mortgage lender.First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.We would like to thank all applications for their interest in this existing vacancy but only candidates selected for an interview will be contacted.
Job Title
Senior Analyst - Commercial Financing