Portfolio Analyst - Toronto, Canada - First National Financial

First National Financial

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Working together to be our best

First National is Canada's largest non-bank lender, originating and servicing both commercial and residential mortgages since 1988.

Over the past thirty years, we have been committed to hiring the best and brightest with over 1,000 proud team members.

Through cooperation, ongoing coaching, development opportunities and a culture that celebrates both hard work and teamwork, First National team members are supported to lead, learn and grow.

We are hiring a Portfolio Analyst, Commercial Servicing

Reporting To:
Manager, Commercial Servicing

**Full-Time/Part

Time**: Fulltime

Posting Date:
February 13, 2023

Closing Date:
February 17, 2023

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

Grade: 6

Office Location:
Toronto/ Montreal 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

The Opportunity:

To manage a portfolio of loans to the highest industry standard with team members ensuring all terms of the commitment letter (including all supporting agreements) are performed by the borrower to the benefit of our investors and also responding to any reasonable borrower requests that are consistent with the terms of the commitment or are approved by the investor

Responsible to review and analyze portfolio statistics, in depth understanding and ability to make sound decisions and recommendations on financials such as: rent rolls, operating statements and financial/net worth statements.
Manage assigned high value mortgage portfolio proactively to ensure that all required conditions for commercial mortgages are fulfilled and to satisfaction of investors and CMHC
Thorough knowledge in all aspects of commercial lending including underwriting, commitment clauses, certificate of insurance and property insurance and insurance claims, holdback and reserves.
Ability to review third party reports including appraisals environmental reports, and BCA reports.
Expertise in performing independent analysis and providing recommendations and approvals on mortgage related property changes such as: easements, severance of lots, property insurance, expropriations, penalty calculations, undertakings
Accountable to provide first level of review for approval processes.
Effectively interface with borrowers, consultants and investors and solicitors.
Work collaboratively with multiple internal departments such as Origination, Funding, Renewal, Default and Investor Relations
Excellent communication skills in handling inquiries from investors, clients, consultants and solicitors.
Adherence to policy and procedures, service levels and compliance
Able to mentor and lead by example
Excellent time management skills and ability to maintain and handle high volumes.
Recommend and provide process improvements in order to build efficiencies
Proven organizational skills and demonstrated ability to prioritize and multitask
Complete special projects as assigned by management

The Requirements Needed:

Post secondary education and/or equivalent work experience preferred
57 years of experience in Financial Services, Mortgages, preferably in commercial mortgages
Bachelor's Degree in Business Administration, Commerce or related required
Advanced MS Office skills with emphasis on Word and Excel
Strong communication skills, written and verbal including confident and assertive telephone manner, as well as providing excellent customer service
Demonstrated ability to work independently and in a team environment
Proven organizational skills and demonstrated ability to prioritize and multitask
Strong analytical personality
Team player with ability to perform extra duties as assigned

Why join First National?

Bright open concept office environment
Large kitchens with a coffee and latte maker to enjoy at no cost
Supportive teamwork focused environment
Collaborative entrepreneurial spirit
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year
Extensive training programs to set our employees up for success

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.