Analyst - Toronto, Canada - First National Financial

First National Financial

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

We are hiring an Analyst, Commercial Servicing

The Role:

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.

Reporting To:
Associate Director and Team Lead

**Full-Time/Part

Time**: Fulltime

Posting Date:
January 24, 2024

Closing Date:
February 7, 2024

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

Grade: 8.3

Office Location:
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:

Responsible to obtain, review and analyze financial information and requirements to ensure loan criteria is valid with no material adverse changes such as: rent rolls, operating statements and financial/net worth statements
Thorough knowledge of commercial lending, underwriting and understanding core documents
Ability to review, make sound decisions and recommendations on property insurance renewals, CMHC undertakings, holdbacks and Insurance claims
Manage assigned mortgage portfolio proactively to ensure that all required conditions for commercial mortgages are fulfilled and to satisfaction of investors and CMHC.
Thorough knowledge of Mortgage Products and functions within Mortgage Servicing that include but not limited to; document management, payment processing, statements, holdbacks/reserves, insurance and annual financial reviews
Adherence to policy and procedures, service levels and compliance
Assess, review and provide recommendations for mortgage related approvals to senior management and investors on financial findings and/or clients requests.
Effectively interface with borrowers, consultants and investors and solicitors with adherence to Service levels and policy standards.
Monitoring on going progress draws/holdbacks
Ensure mortgage security is valid and legally binding and supporting documents are provided in a timely manner by solicitors. Knowledge of relevant mortgage documentation is required.
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
Organizational and problem solving skills and ability to prioritize and multitask
Complete special projects as assigned by management
Adhere to policies /procedures to ensure AML requirements are met, when applicable.

The Requirements Needed:

Post secondary education and/or equivalent work experience preferred
35 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
Demonstrated ability to work independently and in a team environment
Proven organizational skills and demonstrated ability to prioritize and multitask
Strong analytical personality
Proven organizational skills and demonstrated ability to prioritize and multitask
Strong communication skills, verbal & written, with experience in providing excellent customer service
Team player with ability to perform extra duties as assigned

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.