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

Sophia Lee

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Sophia Lee

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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

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