Hybrid Commercial Analyst, BES Originations

at EQ Bank | Equitable Bank

• Job title: Commercial Analyst, BES Originations
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Toronto, Canada

About the role

• Commercial Analyst supporting underwriting and credit operations at Equitable Bank, delivering innovative banking solutions for Canadians alongside a talented team.

Responsibilities

• Process transactions accurately and within specified timeframes, in accordance with company policies & procedures and applicable legislative/regulatory requirements.
• Assess deal packages and make recommendations on potential deal structures or issues on deals to the Account Managers and credit teams.
• Communicate effectively with the commercial mortgage coordinator and underwriting team to ensure that the department operates efficiently.
• Attention to detail is imperative in supporting the Account Managers: Support tasks include; CIF and real state searches, ROE calculations, analyses of small commercial transactions including Debt Service calculations, BDSR and TDSR, preparation of Letters of Intent and Loan Summaries.
• Provide friendly, courteous, knowledgeable, and professional customer service to brokers, partners, and direct clients, following up on documentation, identifying opportunities and initiating qualified leads.
• Identify and advise the Commercial Account Managers of any potential credit risk issues.
• Carry out other role related delegated tasks as identified by the Commercial Account Managers.
• Understand and adhere to regulatory and compliance requirements, including but not limited to Anti-Money Laundering and Terrorist Finance Reporting requirements, company policies and procedures, legal and ethical requirements, process requirements and established risk guidelines.
• Recommend workflow and administrative process alternatives to improve efficiencies and customer service.
• Organize and prepare files for submission to credit/underwriting addressing all issues/concerns associated with each loan transaction.
• Support the Commercial Account Managers in their absence by answering questions, gathering information, and addressing concerns as they arise through the underwriting or funding process, while escalating issues as appropriate.
• Manage the ‘pipeline’ to ensure transactions are processed in a timely and efficient manner to deliver superior service to brokers, partners, and direct clients.
• Work closely with the Commercial Account Managers in acquiring and retaining profitable broker relationships.
• Participate in brokerage, industry, and company events (sales presentations, lender appreciation programs, holiday, and special occasion programs) as required to promote Equitable Bank and our products.

Requirements

• Minimum 2 years’ underwriting/credit background - commercial credit experience preferred.
• Self-directed and highly organized individual who can multi-task.
• Strong organizational skills.
• Exceptional customer service skills and attitude.
• Strong communication skills.
• Outstanding interpersonal skills.
• Understanding of commercial mortgage products and documentation.
• Strong excel skills would be beneficial.
• Undergraduate degree preferred or related experience.

Benefits

• 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 and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience