Come join Home Trust Company as a Commercial Portfolio Analyst, Large Commercial in our Commercial Underwriting team!
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
FIRST THING – WHAT YOU NEED TO SUCCEED?
We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!
WE CARE ABOUT OUR EMPLOYEES WELL-BEING, WHAT WE OFFER:
- Three (3) weeks of vacation, an additional six (6) flex days (sick or personal) in addition to statutory holidays
- Comprehensive benefit packages, offered through Manulife
- Group Retirement Savings Plan (GRSP) up to 8% contribution program & employer match
- $1000 Employee Referral Program
- Employee Discounts; phone plans, gym membership, Toronto Bike Share and many retailer discounts offered through WorkPerks
- Education Assistance program
ABOUT THE ROLE:
This is a specialized position within Commercial Underwriting that will assist in the oversight of the existing large commercial loans within the commercial mortgage portfolio. Majority of the large commercial loans are sourced through third party servicers. It includes conventional loans as well as CMHC insured loans. Loan sizes are typically large than $2,250,000. The Analyst, Large Commercial is primarily responsible for underwriting renewals and annual reviews for large commercial mortgages in accordance with on-going regulatory, risk and compliance requirements. Large commercial loans typically would require a more detailed analysis when compared to small commercial loans due to the loan size, variety of asset classes and locations, and the complexity of the sponsors loan structure. As such, the Analyst, Large Commercial will be required to complete a thorough review at each renewal / annual review. Additional credit related and administrative duties are also required to support management and regulatory requirements.
In addition:
- Analyse and underwrite renewals and annual reviews with a primary focus in large commercial loans, as part of the ongoing portfolio oversight
- Complete a detailed analysis of the borrower, guarantor, real estate security and loan terms as well as identifying any associated risk.
- Communicate on a regular basis, with direct clients, third party servicers or internal partners regarding mortgages that are maturing and/or coming up for annual review. Request due diligence materials and follow up for any outstanding conditions precedent to renewal/annual review
- Ensure all files and the SAP system of record are accurate and complete. The annual review/renewal document should provide sound risk assessments and be well documented following Home’s policies, guidelines and procedures and meeting post-funding ERM quality assurance requirements
- Complete assumption, partial discharge, or other ad-hoc requests in a timely manner.
- Maintain workflow and complete the underwriting of annual review and renewal files within the target amount of time
- Maintain a high level of industry knowledge, competition and market trends
- Attain service standards for processing all mortgage transactions in accordance with Company policies and procedures.
- Communicate with internal and external partners to ensure that all transactions are processed efficiently and effectively.
- Escalate issues/obstacles/trends as appropriate with recommendations/solutions
- Ensure all transactions adhere to and are appropriately risk rated with a sponsor, property and aggregate rating
- Maintain files in compliance with all aspects of Home Trust Company’s underwriting policies and guidelines per delegated authority matrices and applicable compliance obligations including Privacy, Anti-Money Laundering/ Anti-Terrorist Financing and internal Anti-Fraud Policy requirements
- Ensure Unusual Transaction Reports are filed as applicable to fulfil individual employee obligations to detect and deter financial crimes activity
- Assist in the preparation of monthly, quarterly, and annual reports for senior management, as necessary.
WHAT WE REQUIRE:
- Authorized to work in Canada
- 2 years of experience in commercial underwriting
- Understanding of commercial mortgage products
- Strong organizational, time-management and analytical skills to work effectively with established guidelines
- Able to multi-task and flourish in a fast-paced, deadline-driven work environment
- Strong interpersonal relationship building and listening skills
- Proven ability to work both independently and collaboratively within a team environment
- Excellent written / verbal communication and professional maturity
- Understands Home Trust Company’s lending criteria and culture
- Remains current on latest market trends and any applicable legislations
- Strong knowledge of MS Office, especially Excel; loan adjudication software
PREREQUISITE: Maintain a positive supportive attitude, help to maintain an inclusive and supportive company culture!
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