Commercial Mortgage Officer, Business Enterprise Solutions; BES

Overview

Join a Challenger  are remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians, we offer a wide variety of financial services and have been challenging traditional banking since 1970.

If you’re driven to reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We’re eager to connect with you.

The Commercial Mortgage Officer is responsible for onboarding, maintaining and updating commercial mortgage files from the LOI acknowledgement stage through funding. This includes acting as a liaison between the Account Manager, Underwriting, Funding and Compliance, ensuring compliance with the Company’s lending guidelines. Additional duties include providing administrative and clerical support to the Manager, handling special projects requested by senior management, and networking with clients, brokers and other external business partners as well as staff within the Credit & Risk Management group and other internal departments.

• 30% – onboard loans by adding loans to SIT and RAISE platforms; scrub loan details against AML/ATF watch lists; document Broker verification; assess if CIF merges are required; review AML scores; handle STR/SATs; archive all documents to filenexus.
• 30% – communicate with internal contacts (Account Managers, Underwriters, Funders, Compliance) and third party providers (Brokers, Partners, Clients) to obtain/review AML documentation; act as liaison to ensure timely processing and compliance with AML policies and lending guidelines; complete Fintrac forms prior to funding and recommend approval to Management.
• 20% – generate CAFs by updating loan details in SIT as per approved LPD write ups and recommend to management for approval.
• 10% – update statuses or closing dates, process good faith deposit cheques on SIT, document loan cancellations on SIT/RAISE/File Nexus, prepare cancellation memos for senior management approval and process reimbursement cheques or wires as required.
• 10% – assist underwriters in preparation of draft commitments; coordinate with funding department, income analysis and employment verifications; manage workflow to meet deadlines.

• Minimum of 2 years’ commercial mortgage/administration experience
• Post-secondary education (diploma/degree), preferably in business or finance
• Extensive working knowledge of MS Office (Word, Excel, Outlook, PowerPoint)
• Strong analytical and organizational skills
• Ability to handle multiple priorities and manage time effectively
• Excellent verbal and written communication skills

The position requires a self-starter who can make sound decisions; commercial mortgages can be complex and require in-depth document reviews.

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up
• Generous vacation policy and personal days
• Virtual events to connect with colleagues
• Professional development and career development program
• A fulfilling opportunity to join a top Fin Tech and help create a new banking experience

The incumbent will work in a hybrid model; in-office time will be at 2200-25 Ontario Street, Toronto, ON.

EQB is committed to building an inclusive, accessible environment where every employee feels valued, respected and supported. We offer a barrier-free recruitment process and can provide accommodations as needed. All candidates considered for hire must complete a criminal background check and credit check.

As part of our recruitment process, EQ uses AI to help screen and assess applicants; outputs are reviewed by our talent team.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank. EQB serves nearly 4 million Canadians and manages substantial assets. For more information, visit our investor room and EQ Bank sites.