Underwriter Commercial Real Estate

Vancity • Vancouver, BC

6d • CA$85,000 - CA$95,000 • Hybrid

About The Position

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 at work. We 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.

Requirements

• 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 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
• Strong written communication skills

Nice To Haves

• Business banking, CMHC financing and project finance experience an asset

Responsibilities

• Completing underwriting analysis of commercial mortgage transactions for term and construction facilities, for both conventional and CMHC insured loans
• Assessing suitability, reviewing risks, and completing due diligence requirements on transactions in accordance with risk appetite and CMHC guidelines where required
• Preparing and issuing commitment letters, amendments, renewals, and other client-facing documents
• Completing loan renewals and annual reviews
• Completing and submitting CMHC Loan Applications
• Supporting adherence to commercial credit policy, standards, and guidelines
• 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

Benefits

• Flexible benefit packages that can be tailored annually to meet evolving needs
• 3-4 weeks of vacation per year, with additional days earned over time
• 2 extra stat holidays, plus care days for personal or family illness
• Health and dental benefits begin on your hire date, with three levels of coverage to choose from
• Defined Benefit Pension

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level