Underwriter, Insurance Lending Solutions

Job Overview

Join a Challenger
At EQ, we’re remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer banking, lending, trust, and credit union solutions.

We’re challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

The Underwriter is responsible for conducting credit reviews across the entire suite of Insurance Lending products which includes Immediate Financing Arrangements (IFA), CSV Max, and CSV Flex applications. The incumbent will adjudicate corporate and personal credit applications, while maintaining excellent service levels.

• Assess the credit worthiness of both commercial (corporate) and individual borrowers, while adhering to the bank’s lending guidelines and policies.
• Provide recommendations and approvals within designated limits. Ensure that approved deals close as scheduled and as efficiently as possible, by following up on outstanding conditions/documents and ensuring compliance with established guidelines.
• Demonstrate a comprehensive understanding of the nuances of Whole Life Insurance policies and their impact on the credit portfolio.
• Deliver exceptional, customer‑centric service to internal and external stakeholders; participate in sales meetings, as required.
• Actively engage in team efforts and support colleagues.
• Maintain a high level of professionalism in all interactions.
• Support other areas within the Growth Business unit as required.

• Post‑secondary education in business or finance.
• In‑depth knowledge of commercial underwriting and financial statement analysis.
• Proficient underwriting skills, with a minimum of 1 year of commercial lending experience.
• Insurance lending experience preferred.
• Exposure to and knowledge of whole life insurance products highly preferred.
• Strong analytical and problem‑solving skills, with the ability to assess credit applications holistically.
• Sound knowledge of AML and ATF practices.
• Excellent time management and the ability to handle multiple competing priorities.
• Ability to make decisions under pressure and thrive in a high‑volume, high‑intensity environment.
• Excellent relationship‑building skills.
• Knowledge of fraud risk in the credit and insurance industries and the ability to address concerns relating to suspected misrepresentation.
• A desire and willingness to join a growing team and evolving product.
• Proficiency in MS Office, mainly Word and Excel.
• Mandarin speaking an asset.

• Competitive discretionary bonus.
• Market‑leading RRSP match program.
• Medical, dental, vision, life, and disability benefits.
• Employee Share Purchase Plan.
• Maternity/Parenting top‑up while you care for your little one.
• Generous vacation policy and personal days.
• Virtual events to connect with colleagues.
• Professional development and comprehensive career development program.
• A fulfilling opportunity to join one of the top Fin Techs and help create a new kind of banking experience.

The incumbent will work hybrid; in‑office time will be spent at EQ Bank’s additional office space located at 2200‑25 Ontario Street, Toronto, ON.

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected and supported. We believe our organization is stronger—and our people thrive—when we honour and celebrate diverse experiences, identities and perspectives. We provide a barrier‑free recruitment process and work environment. If you require accommodations, we will work with you to ensure you can bring your best self to the process and beyond.

All candidates must successfully complete a criminal background check and credit check. All hiring decisions are ultimately made by humans.