Commercial Mortgage Credit Underwriter

Nicola Wealth Management is a financial planning and investment management firm serving the needs of affluent and ultra-high net worth families across Canada. For over 20 years, we have been setting a high benchmark for outstanding service, providing clients with sophisticated planning and portfolio management expertise. As one of the fastest growing private investment counsel firms in the country (Investor Economics, 2012-2015), we pride ourselves on being a respected voice in the industry and among the top run companies in Canada (Canada’s Best Managed Companies 2016 Requalified Winner; Canada’s Top 10 Corporate Cultures 2015).

At Nicola Wealth Management, we believe our most valuable asset is our people, and that is demonstrated through the finer details of our office environment, our professional interactions, and our shared success. Our people make this an exciting and rewarding place to work, bringing energy, experience, and expertise; together, our culture fosters a creative, entrepreneurial, and collegial atmosphere that attracts outstanding people. NWM is a growing firm with a bright future, and we look forward to working with individuals who share our passion – we welcome you to explore new possibilities and provide opportunities to develop and grow.

 

Working at NWM
  • Competitive compensation package
  • Competitive benefit plan
  • Employee Assistance Program
  • Participation in the company profit sharing program after 6 months
  • Group RRSP contributions after 1 year
  • Close to transit, bike-commuter facilities, centrally located to shopping and restaurants
  • Support wellness by providing healthy snacks
  • Support personal development with tuition reimbursement and study days for approved programs
  • Volunteer day to give back to our community
  • Personal leave days
  • Team building events
  • Flexible, respectful, and thoughtful environment

Team and Position Summary

As part of its fixed income investment product offerings, NWM manages two mutual fund trusts that invest in commercial mortgages. Current mortgage fund AUM exceeds $650 million. The “Commercial Mortgage Credit Underwriter” would be a new member of the mortgage fund team within Asset Management. As Commercial Mortgage Credit Underwriter you would be responsible for the analysis and underwriting of new commercial mortgage opportunities presented to the firm by our external originators, written summaries for approval will be required. You would also work with the external originators to structure transactions, and amend terms and conditions as required.   General management of the mortgage funds including relationships with external originators, documentation, and cash management and reporting will also be required. – The role is located in Vancouver.

Key Accountabilities

  • Receive, review, analyze and verify commercial mortgage opportunities for completeness, accuracy, suitability and risk
  • Perform market analysis; review property-level cash flows; work with external originators to structure loans and terms.
  • Prepare written loan underwriting summaries for use in decision making
  • In concert with the Investment Fund Administrator, assist in loan closing process, including the review of documentation for accuracy and consistency with loan approvals
  • Assist in the ongoing financial monitoring and analysis of mortgage loans in the portfolio including, covenant compliance testing and annual reviews where applicable
  • Communicate clearly with underwriters and internal stakeholders
  • Work in alignment with corporate objectives and risk tolerances
  • Keep up-to-date with evolving policies and procedures
  • Performing other duties as required
  • Stay abreast of industry trends

Qualifications and Experience

  • Bachelor’s degree or relevant degree in Mathematics, Statistics, Economics, or Finance is required
  • Professional accounting designation is an asset
  • Minimum of 3 years of relevant credit adjudication and analysis preferably in commercial real estate, structured debit and/or mezzanine loan experience
  • Detailed working knowledge of principles of credit analysis, risk management and financial covenants
  • Ability to understand financial statements and assess financial viability
  • Proficient in Microsoft Office and ability to learn and apply new technology and systems with strong excel skills
  • In depth experience writing clear, detailed reports with recommendations
  • Eligible for registration under applicable securities legislation

Soft Skills

  • Strong command of the English language is mandatory
  • Possesses excellent written and oral communication skills
  • Ability to anticipate problems and solve proactively
  • Strong analytical, mathematical ability and accounting knowledge
  • Ability to think outside the box and make quick accurate decisions
  • Possesses strong analytical and credit data research skills
  • Capable of handling competing priorities and sensitive to strict timelines
  • Capable of working within a team and independently to accomplish required tasks
  • Demonstrates the ability to make decisions that consider all implications and proactive management of risk
  • Demonstration of solid negotiation and problem solving skills
  • Excellent interpersonal and negotiation skills
  • Ability to adapt to changing volumes

TO APPLY

Application closing date is May 12, 2017.

Include your cover letter and resume in your application with Commercial Mortgage Credit Underwriter in the subject line of your email to [email protected] Thank you for your interest in this position. Only candidates considered for an interview will be contacted. For more information about this and other roles:  www.nicolawealth.com