Post A Job

Senior Bilingual Commercial Mortgage Funder, CFG – Equitable Bank – Montréal, QC

Equitable Bank

Montréal, QC
  • Freelance
Canada’s Challenger Bank™
Equitable Group Inc. trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C) and serves a growing number of Canadians through Equitable Bank, Canada’s Challenger Bank™. Equitable Bank has grown to become the country’s eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich people’s lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking and through its EQ Bank platform has been named #1 Bank in Canada on the Forbes World’s Best Banks 2021 list. EQ Bank provides state-of-the-art digital banking services, like the Savings Plus Account that reimagines banking by offering an everyday high interest rate, plus the flexibility of a chequing account, as well as a wide range of smart banking solutions for Canadians, like fast international money transfers, US dollar accounts and a suite of registered products.

Level 4/8

Purpose of Job
As part of a growing and dynamic Commercial Team, the CFG Senior Bilingual Commercial Mortgage Funder is a key member of the Commercial Funding Team. Reporting to the Manager, CFG Commercial Funding. The incumbent is responsible for funding multiple large Partner, direct or pari-passu conventional commercial transactions. Comprehension of underwriting and real estate contract law is beneficial to support the review, which will vary between construction, purchases, refinances, assignments, investor sales, increases, letter of credits and assumptions. The incumbent will analyze complicated corporate structures and review legal documentation province wide with a strict adherence to legislative guidelines and Bank established policies. The incumbent will work closely with funding Management when new Partner relationships are being established. Extensive knowledge of Fintrac Guidelines is an asset. The environment is often fast –paced and requires the effective time management of multiple tasks.


Main Activities

    • On a daily basis, the incumbent will review multiple Letters of Intent, Executive Summaries, Commitments and Credit Risk Analysis in order to assess what legal documents will be expected; requesting legal documents from Partners and/or instructing Lawyers. There will be competing priorities, as the incumbent will also be following up for outstanding documents, receiving and reviewing legal documents for accuracy and enforceability on loans that are scheduled to close. A large component of the review will pertain to corporate structure of borrowing entities such as Limited Partnerships, Family Trusts, REITS, AML exempt corporations or pensions. The incumbent is responsible for the file to be compliant and as such must be able to conduct independent verification research and can analyze world checks. If documents fall outside of the AML guidelines, the incumbent is to refer back to the Partner or Lawyer requesting further AML information or the incumbent will Identify, recommend and prepare memo’s to either the CFG Funding Manager, Compliance Department or VP, Commercial Lending outlining the rationale to proceed. In addition to legal review, the incumbent will review property Insurance, Title Insurance and tax certificates, making recommendations to Senior Management for any waivers. ( 60% )
    • Communication and collaboration is a key component to the position in order to meet targeted closing dates. The incumbent will be assigned a file at the executive summary stage and in advance to any approval. Due to the complexity of the transaction, meeting with the CFG Commercial Underwriters to further understand, the loan transaction is imperative in order to identify variances at the earliest stage mitigating potential delays prior to funding. The incumbent will continue to work closely with the Underwriter, advising of any document deficiencies that could change the nature of the transaction effecting the ultimate credit 2 approval. Concurrently, the incumbent will be working closely with the Partner or Lawyer ensuring that exceptional customer service is maintained at all times. (15%)
    • Review the loan setup on PPLUS for accuracy. Advise Underwriting of any inconsistencies. Update PPLUS as pertinent documents are received. Upon approval by Funding Manager to proceed with funding, the incumbent will fund the loan on PPLUS and subsequently obtain the authorized signatures on cheques. Post closing, prepare file for Commercial Administration team with respect to Data Integrity on PPLUS (10%)
    • Manage personal pipeline in order to meet prescribed deadlines. Upon request of Management, assist Funding Manager assigning loans. Advise key Company stakeholder’s of daily Funding Agenda. (10%)
    • Work with Company stakeholders, such as Accounting and Office Assist in order to ensure that funding cheques are deposited or wired to Partners and/or Lawyers. In addition prepare GIC memos for holdbacks, advise accounting of rate buy downs. Assist Management, the Commercial Department with annual testing, and any company projects. (5%)

Knowledge/Skill Requirements

    • Have a minimum of 4 years of commercial mortgage funding experience with a regulated financial institution in Canada. Mortgage lending and AML compliance experience considered an asset.
    • Post secondary education (diploma/degree), preferably in business, finance, law clerk or industry related courses
    • Working knowledge and comprehension of AML/ATF Fintrac PCMLTFA regulations and how it relates to Company guidelines • Able to recognize process opportunities for improvement and recommend to Management
    • Good working knowledge of MS Office primarily word and excel
    • Strong analytical skills and a critical thinker
    • Established Organizational skills
    • Ability to handle multiple competing priorities. Exceptional time Management skills.
    • Highly developed verbal and written communication skills in both English and French with the ability to respond in a clear, concise and professional manner
    • A team player that is willing to take on new funding challenges
    • Comfortable meeting and presenting to external Partners in order to maintain Company relationships
What we offer [For full-time permanent roles]
Competitive discretionary bonus
✨ Market leading RRSP match program
Medical, dental, vision, life, and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy, personal days and even a moving day
Virtual events to connect with your fellow colleagues
Education reimbursement program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates. Accommodations are available on request for candidates taking part in all aspects of the selection process. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

Source:

Related Jobs

Showing 1 - 4 of 119 jobs
Job Overview
Ncjobs.ca
Jobs in Canada, Canada Jobs, Newcomers Jobs, New immigrant Jobs.