Senior Manager, Portfolio Management, Commercial Finance Group; CFG

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Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Senior Manager, Portfolio Management, CFG will be a key member of the Commercial Portfolio Management team. Reporting to the Director, Portfolio Management, the incumbent will lead a team of Account Managers and assist the Sr. Manager in the management and prudent oversight of an assigned portfolio of both conventional commercial and construction mortgages secured by all major asset classes in markets throughout Canada.

The overall CFG portfolio is $3B+ in size, with loans ranging in size from $5.0 million to $50.0 million+.

Key responsibilities include managing, supervising and mentoring an assigned group of Account Managers and Underwriting Associates to ensure individual responsibilities are being completed in accordance with Company policies, procedures and priorities such that the CFG portfolio and more specifically, the construction portfolio is comprehensively controlled and within approved guidelines. This is to be achieved, in part, via completion of ongoing loan monitoring, annual reviews, renewals, and amendments/modifications.

Appropriate use of delegated authority to recommend and approve transactions will be critical to success in this role.

In addition, the Senior Manager support of the Bank’s goal of delivering a superior customer experience by ensuring the Account Managers thoroughly understand and respond to the needs of their respective clients in a timely manner. The Manager will also assist and encourage the team to develop and maintain strong relationships with their assigned clients.

• Post-secondary education (diploma/degree) in business or finance
• Have a minimum of 5 years of progressively senior experience in commercial real estate lending, with a specific focus on construction lending
• Management experience is an asset – proven ability to inspire a team to work toward a set of goals and objectives
• Strong knowledge of the process of a construction project, from Zoning and Site Plan Approval requirements to Substantial Completion and Stabilization
• Ability to identify risks that may arise at various stages of a construction project while leveraging experience to develop mitigating factors
• Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise and professional manner
• Sound technical knowledge of commercial lending, financial statement analysis and factors affecting the Canadian commercial lending environment
• Working knowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada
• Detail-oriented individual who possesses a high level of integrity
• Demonstrated service excellence in their field
• Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment
• Effective analytical and problem solving skills
• Strong organizational and time management skills
• Ability to handle multiple competing priorities
• Proficient in MS Office

• The position requires the incumbent to be a self-starter with the ability to prioritize work flow and allocate resources effectively. In addition, the incumbent will need to effectively analyze and make decisions on sometimes complex deal structure issues with incomplete information. The incumbent shall possess strong cognitive skills and professional judgement to property assess risk and rely on past experiences to assist in mitigating same.
  
  The individual should also have the ability to coach/motivate employees to consistently develop and achieve aggressive departmental targets. Given the size of the subject construction portfolio, the incumbent must be able to manage multiple priorities while completing work in a compressed timeline.

• The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to properly review files and rationalize the…