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

First National Financial

Verified Company

Toronto, Canada

1 week 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 1,500 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 an Analyst, Commercial Financing

Reporting To:
Assistant Vice President, Commercial Mortgages

**Full-Time/Part

Time**: Fulltime

Posting Date:
June 12, 2023

Closing Date:
June 30, 2023

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

Grade: 5

Office Location:
Downtown Toronto - Hybrid 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:

Develop and analyze construction/development proforma as 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

The Requirements Needed:

Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate 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
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

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.

FNLOON