Senior Director responsible for mortgage origination, underwriting, and commitment in real estate at Canada Life. Leading commercial mortgage transactions and ensuring compliance with investment policies.
Responsibilities
Reporting to the Senior Managing Director of Origination
Originate, negotiate, underwrite and recommend new ICI mortgage loans to align with Company investment policies, procedures
Direct the preliminary underwriting for new loans to obtain senior management agreement prior to proceeding with the transaction
Prepare and negotiate term sheets and prepare commitment letters confirming financial terms and conditions as approved by the Company
Ensure all terms and conditions of commitment letters have been satisfied working in association with the Mortgage Administration/Documentation team
Ensure yield requirements and risk management in compliance with investment policies.
Requirements
Bilingualism (fluent in French and English) required
Post secondary degree in business, finance or real estate or equivalent combination of education and experience.
Enrollment in or completion of an MBA, CFA program or A.A.C.I. real estate appraisal program would be an asset
5 - 10 years experience in commercial real estate.
Direct commercial mortgage lending experience preferred
Good understanding of commercial valuation methodology, financial statement review, credit, and real estate market and real property analysis
Excellent interpersonal skills and strong oral and written communication skills
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