Underwriter, Commercial Real Estate

Toronto, VCIB Office,  King St West, Toronto, ON , CAN

We’re Vancity, a member-owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers. We’ve made bold commitments to become net-zero by 2040 across all mortgages and loans, and we’re actively pursuing strategies in Indigenous banking and financial resilience for our members.

Vancity Community Investment Bank (VCIB) is an Ontario-based subsidiary of Vancouver City Savings Credit Union (Vancity). As Canada’s first values-driven bank, VCIB provides financing solutions to help purpose-driven businesses and organizations create, grow and foster change. At VCIB, we embrace your strengths and your ambitions, so you feel empowered  need talented, passionate professionals who are dedicated to using finance as a force for good and doing what’s right for our clients.

As an Underwriter, Commercial Real Estate, you will play a critical role supporting the growth and management of a portfolio of loans to values aligned businesses and social purpose real estate projects, including (but not limited to) term and construction financing for market rental housing, affordable housing, green buildings, and community spaces. You’ll join a small, diverse team of entrepreneurial, purpose-driven individuals and contribute your expertise in credit underwriting and portfolio management with a specialized lens on real estate finance.

This is a Full-time, Permanent role based at the Vancity Community Investment Bank head office location and your Ontario based home office and will report directly to the Senior Manager, Commercial Real Estate. While this position provides a hybrid work arrangement, you will be expected to be on-site for events and business demands.

• Completing underwriting analysis of commercial mortgage transactions for term and construction facilities
• Assessing suitability, reviewing risks, and completing due diligence requirements on transactions in accordance with risk appetite
• Preparing and issuing commitment letters, amendments, renewals, and other client-facing documents
• Maintaining consistent, objective, and sound risk assessments in a service-oriented environment
• Providing guidance and decision‑making support to origination teams to solve problems
• Collaborating with colleagues across teams to improve underwriting systems and maximize effectiveness
• Completing loan renewals and annual reviews for social purpose real estate and climate finance
• Supporting adherence to commercial credit policy, standards, and guidelines

• Bachelor’s degree and/or Master’s degree in business, economics, finance, or related field
• Minimum of 5 years of real estate financing or related experience
• Knowledge of the Ontario commercial real estate market and interest in advancing social purpose and sustainable real estate
• Experience in commercial credit underwriting with strong business and financial analytical skills
• Business banking, CMHC financing and project finance experience an asset

• Analytical – You enjoy solving complex problems and making sound decisions
• Collaborative – You work effectively with colleagues and build strong relationships
• Adaptable – You thrive in a fast‑paced, changing environment
• Resourceful – You leverage available resources to develop solutions independently
• Purpose‑driven – You are passionate about advancing social and sustainable real estate

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

A career at Vancity is more than just a job, you’re joining a tradition of change‑makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Living Wage Employer
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  We’re the largest private‑sector Living Wage Employer in Canada and consistently ranked among Canada’s Top Employers.
• Cust…