Manager, Mortgage Operations - Waterloo, Canada - MarshallZehr
Description
412 ALBERT STREET, WATERLOO, ONTARIO, CANADA, N2L 3V3FULL-TIME. JUNE 5, 2023
Description
Manager, Mortgage Operations
Who is MarshallZehr?
MarshallZehr Group Inc ("MZ") provides customized construction and development financial solutions for high-performing real estate developers. Since 2008, MarshallZehr has grown to become one of Canada's most trusted real estate capital partners. We add value beyond capital - our team's decades of experience help deliver the strategic insight and vision necessary to craft tailored financial solutions, all backed by our industry recognized mortgage administration services.
The Opportunity
We are looking for a Manager, Mortgage Operations to support MZ's Project Management group and the day to day management of MZ's loan portfolio.
The manager will be responsible for updating MZ's cashflow forecasting tools, assisting in the completion of project loan advances, review and tracking of mortgage discharges, lender correspondence, and supporting with compliance management.
The Role
- Project Evaluation and Underwriting
- o Researching and evaluating project analysis provided by Business Development team or questions as required by Senior Management.
- o Communicate with the Borrower and Lender stakeholders/clients to outline project strengthens and weakness and respond to questions as necessary.
- o Review loan documents.
- o Aid in the execution of the financing transaction closings as required.
- Project Monitoring/Loan Compliance
- o Assist team in ongoing monitoring of project performance against loan agreements, budget, timelines and key metrics.
- o Assist in the development and maintenance processes to identify or forecast potential issues, highlight and solve these concerns with the Business Development and Senior Management teams.
- o Continue to evaluate options which would create value for either the Borrower or Lender through reduced costs or improved risk mitigation.
- Reporting
- o Assemble due diligence materials and professional marketing materials for presentation to prospective Lender clients.
- o Assist with Accounting and Financial Reporting for the MarshallZehr related entities as required.
What Are We Looking For?
- Excellent oral and written communication skills with the ability to effectively communicate across all levels within, as well as outside the organization
- Strong analytical skills including proficiency in Excel modelling
- Excellent time management skills
- Post Secondary Degree in the following is an asset:
- Commerce/Finance/Economics
- Business Administration
- Urban Planning & Development
- Will be required to obtain mortgage agent license with FSRA (paid for by MarshallZehr)
- Experience in Commercial Lending, Asset Management, Real Estate Development, Underwriting, or Cost Consulting/Project Monitoring an asset
Work Environment
- MZ offices are open Monday to Friday and employees are expected to work on site a minimum of 4 days per week, with the option of working remotely 1 day per week, as agreed to by the direct supervisor.
- Our Waterloo office has 16,000 square feet of modern and accessible space and has been specially updated and tailored to meet our business needs. The result is a worldclass workspace that empowers deep collaboration, reinforces business operations with stateoftheart technology infrastructure, and offers more space to enable our sustained team expansion.
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