Analyst, Commercial Financing - Toronto, Canada - First National Financial

First National Financial

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

We are hiring an Analyst, Commercial Financing

Reporting To:
Assistant Vice President, Commercial Financing
**Full-Time/Part

Time**: Fulltime

Posting Date:
February 14, 2024

Closing Date:
February 28, 2024

Hours of Work: 8:30 a.m. - 5:00 p.m.

Grade: 8.2

Office Location:
Toronto

Hybrid, flexible work arrangement. Great location Steps away from the main public transit station

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities

Eligibility for benefits is dependent on the terms of employment

What you will do:

Develop and analyze construction/development proformas of various multiunit housing type projects
Analyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricing
Review third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditions
Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
Coordinate with Funder, Investor, Legal, and other thirdparty consultants to ensure loan conditions are met
Monitor ongoing construction loan draws, crossreferencing budgets, and ensuring applicable undertakings are performed
Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
Perform other duties as necessary to support the goals and objectives of the commercial mortgage division
Adhere to policies /procedures to ensure AML requirements are met, when applicable.

The Requirements Needed:

Undergraduate Degree with focus in a Finance related discipline
Knowledge of applicable real estate lending regulations
Experience in financial analysis (i.e. balance sheet, income statement)
Knowledge of the regulations related to real estate loans
Organizational skills to manage several ongoing and competing tasks simultaneously
High degree of consistent accuracy and attention to detail
Strong interpersonal communication skills
Able to work with minimum supervision
Results oriented and highly motivated
Selfstarter
Preferred experience in construction finance, development industry, private equity, cost consulting, or accounting with a real estate focus
Familiarity with principles of property valuation and the construction process
Advanced PC skills, with an emphasis on Word and Excel

The team you will join:

Founded in 1988, First National is one of Canada's largest non-bank lenders.

We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.

At First National, It's in our Nature is our rallying cry.

It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community.

Our nature defines who we are and guides every decision we make.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.

FNLOON