Join a ChallengerBeing a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future, you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.We are a big (and growing!) family. Overall 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 (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.The Work:As part of a growing and dynamic commercial team, the Commercial Mortgage Analystis 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 mannerin order toachieve 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 asnetworking with external business partnersalong with various staff within the Commercial department& other internal departments.The Core Responsibilities Of The Job:70% On a daily basis, the incumbent will analyze and underwrite annual reviews for mortgage loans within the CMHC-insured portfolio. This will include the initial migration of existing loans to a new underwriting platform. Attention must be made to ensure compliance with the companys established lending guidelines and procedures. The incumbent will submit prepare an annual review submission for approval by management. 20% On a daily basis, the incumbent will communicate with external contacts (origination partners)and internalcontacts (managers, administrators, and other commercial mortgage staff) to ensure that annual reviews are processed in a timely and efficient manner. 10% On a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines. Let's Talk About You!Bilingualism is an asset Preferably a graduating student Minimum 2 years 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 How To Submit Your Application!Your application must include your resume, cover letter and unofficial transcript. Applications submitted incorrectly will not be considered. You MUST be a student currently enrolled in school to be eligible to apply. The application deadline date to apply is Jan 24th 2025.After this date, the posting will be closed!What we offer (For full-time permanent roles) Competitive discretionary bonus Market leading RRSP match program
Job Title
Commercial Mortgage Analyst - Summer 2025 Intern