Associate, Commercial Mortgages
posted 3 months ago

Description

This role is fully remote for the right candidate! Our Associates are instrumental in reviewing and analyzing new commercial, multifamily and construction mortgage opportunities, preparing and reviewing loan presentation packages, assisting in other aspects of the loan process, training and mentoring analyst, and assisting in fostering a strong working relationship with our clients and amongst our team. You will be offered a competitive compensation and benefits package, including: $100,000 - $120,000 base salary, plus 20% bonus, and full benefits, paid for by us!

Profile Of Education & Experience

• Minimum of 5 years of related work experience in a commercial, multifamily or construction real estate role such as commercial mortgage lending, appraisal, brokerage, asset management or quantity surveyor. At least 3 of those years must include direct exposure to multifamily, commercial and/or construction mortgage lending.

Foundational Skills & Competencies

• Experience writing and reviewing clear, detailed reports incorporating relevant facts and figures
• strong working experience with Microsoft Excel comfortable with functions such as pivot tables and working with existing macros
• Understanding of how multifamily and commercial real estate is financed, underwritten and valued
• Clear understanding of rent rolls, operating statements, net operating income, cap rates, valuation, debt service ratios, and construction budgets
• Enjoyment of a fast-paced work day that requires the ability to pivot
• The ability and desire to learn new technology and adopt it
• Passion for real estate industry
• High attention to detail while managing a volume of deals
• Strong interpersonal and communication skills.
• Capable of handling competing priorities and sensitive to strict timelines.
• The ability to work as part of a team, as well as individually
• The confidence to adapt to change
• The legal ability to work in Canada
• The ability to pass a Criminal Record Check and Educational Check

A Day In The Life

Evaluate New opportunities

• Evaluate the commercial mortgage opportunity through analysis of construction budgets, operating statements, rent rolls, financial statements, market data, third party engineering reports, and appraisals
• Perform market analysis and review property-level cash flows
• Verify and calculate loan underwriting parameters using MS Excel

Underwriting

• Preparing and reviewing financing proposals
• Prepare and reviewing Mortgage Investment Brochures to ensure accuracy and reinforce underwriting standards and procedures

Loan Approval Process

• Review all third-party reports to ensure consistency in mortgage application (appraisals, BCA’s, Environmental, etc)
• Liaise with borrower, lender and third parties to obtain commitment letters
• Liaise with CMHC to obtain CMHC approval
• Review commitment letters relative to executed Term Sheets/Letters of Intent for the Mortgage Originator

Professional

• Establish relationships with third party providers (appraisers, engineers, cost consultants)
• Stay informed with real estate and mortgage industry trends
• Perform other duties as required

How to apply

Via this application portal, please send us your resume and a quick note or a short video explaining why hiring you is a win-win.

* The brokerage is currently licensed in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, and Newfoundland. Quebec licensing is in progress.

Job Types: Full-time, Permanent

Salary: $100,000.00-$120,000.00 per year

Benefits:

• Company events
• Dental care
• Disability insurance
• Employee assistance program
• Extended health care
• Life insurance
• On-site parking
• RRSP match
• Vision care
• Work from home

Flexible Language Requirement:

• French not required

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Application question(s):

• How many years of multi-family, commercial, or construction mortgage lending do you have?
• Do you have exceptional Excel skills to thrive in this role (not just data entry)?

Work Location: Remote

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