Mortgage Funding Analyst - Edmonton, Canada - Canada ICI Capital Corporation

Canada ICI Capital Corporation

Verified Company

Edmonton, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Located in
Edmonton, Alberta and reporting to the Director, Mortgage Underwriting the
Mortgage Funding Analyst will work with the Mortgage Origination team to underwrite and analyze commercial mortgage investments with a
specific focus on assisting and facilitating the funding of loans on behalf of our borrower clients.

This is a position that works in a
team-based and collaborative environment focusing on delivering high-quality market analysis, detailed loan underwriting, and a high level of client-centric service for loan funding and closing.

This position will expose the analyst to a wide variety of commercial real estate transactions and provide industry-leading exposure to commercial real estate underwriting fundaments and is delineated by two distinct competencies which include both loan underwriting, and loan funding.

This Position Offers

Competitive annual salary plus bonus.
Educational Assistance Program we encourage our employees to take courses that will have a meaningful impact and will align with their role at Canada ICI.
Employee Referral program.
Comprehensive benefits package, which includes extended health care (with paramedical coverage), dental, health spending account, Employee & Family Assistance Program as well as life & disability insurance.
Fulltime in office work out of Edmonton's downtown Stantec Tower.

Education and Skills

Bachelor of Commerce Degree or diploma (Major in Finance, Economics, or Math).
A minimum of 2 years of experience in the Commercial Real Estate Industry is required.
Excellent financial analysis research and underwriting skills.
Strong interpersonal and communication skills.
A clear understanding of cash flow statements, preparation, and analysis.
High attention to detail.
Ability to multitask and work in a fastpaced environment.
Strong level of knowledge in Excel required to include formulas, pivot tables, charting, etc.
Past teamwork, and team player focus and experience required.
Knowledge of the Real Estate or Finance Industry is an asset.
Demonstrated strength in critical thinking and problem solving.
Proven communication skills, both verbal & written, including the ability to challenge others with diplomacy and tact when appropriate.
Proven ability to maintain a low error rate under high work volume and short deadlines, using time management skills and a high level of detail orientation.
Ability to develop and maintain a positive working relationship with a variety of internal and external stakeholders, including but not limited to brokers, solicitors, and investors.
Demonstrated ability to effectively adapt in a highchange environment while maintaining a high level of quality in your work.
High level of selfmotivation, with a demonstrated ability to work both independently and as part of a tightknit team, including the ability and willingness to take direction when necessary.
Proven organizational skills and demonstrated ability to prioritize competing requests under pressure.

Loan Underwriting Responsibilities:

Work with our mortgage professionals to underwrite and analyze commercial mortgage investments.
Evaluate the quality of the mortgage investment through analysis of operating statements, rent rolls, financial statements, market data, thirdparty engineering reports, and appraisals.
Preparation of proformas, cash flow models, and projectspecific underwriting.
Obtain and share market data with the entire origination group (market reports from brokerages, CMHC Data, Cost Consultants reports, etc.).
Maintain a database of market data (ie. comparables for lease rates, vacancy rates, construction costs, etc.) and share it with the origination group.
Review and summarize all thirdparty reports (appraisals, BCA's, Environmental, etc.).
Organize and manage all projectrelated documentation, information, and folders.
Assist the Mortgage Origination team in structuring mortgage opportunities based on the investment criteria of over 100 sources of mortgage capital available to Canada ICI.
Completion of an institutional quality Mortgage Investment Brochure.
Ensure all written and electronic documentation meets compliance requirements while maintaining highly organized and current data files for all client sales folders.
Establish relationships with thirdparty report providers (appraisers, engineers, cost consultants).

Loan Funding Responsibilities:

Working with the Origination team to manage and coordinate the funding process.
Review of a wide variety of mortgage loanrelated documentation from various lenders including Canada ICI's servicing clients and 3rd party lenders.
Comparison and analysis of documentation received, against agreedto terms contained in documentation including term sheets and commitment letters.
Liaise with Brokers, Borrowers, and Investors to ensure that all supporting documents and prefunding conditions have