Description:
We are hiring a Senior Analyst, Commercial Renewals!
Reporting To
Senior Director, Commercial Renewals& Assumptions
Full-Time/Part- Time
Full-time
Posting Date
June 5, 2025
Closing Date
June 19, 2025
Hours Of Work
8:30 a.m. – 5:00 p.m.
Grade
Office Location:
14.3
Downtown Toronto
Great location! Steps away from the main public transit station
What We Offer
Highly competitive compensation package which includes base salary, bonus, benefits, and career advancement opportunities!
- Eligibility for benefits is dependent on the terms of employment
The Opportunity
The Senior Renewals & Assumption Analyst is responsible for overseeing the processing of Commercial Mortgage Renewals, Assumptions & Investor Sales, in accordance with company policies and procedures. The Senior Renewals Analyst will be responsible to review and approve transactions processed by Renewals Analyst for completeness and assist with the renewals team general reporting requirements to all parties.
How You Will Contribute
- Ensure maturing loans up for renewals, assumptions and investor sales are processed in a timely manner in line with company policies and procedures.
- Perform a complete review of renewal and assumption underwriting binder and commitment letter.
- Liaise with solicitors, insurance consultants, investors, originators and all parties associated with each transaction to ensure all First National requirements are satisfied and our files (paper & paperless) are updated accordingly.
- Responsible for accurately processing all loan details onto mortgage system (including clear meaningful notes) as needed, from various source documents, including e-mails, commitment letter, CMHC special conditions, underwriting binder, legal documents etc. in compliance with policies & procedures.
- Maintain details on several reports that are being used on a daily
- Responsible for assisting with training of new staff within the renewals team
- Responsible for the daily review and approval of Renewal, Assumption and Investor sales transactions processed by other members within the team.
- Performed a complete check on specific CMHC files for accuracy prior to MBS Securitization and communicate directly with Securitization Department to ensure commercial files meet pooling requirements
- Assist with Anti-Money Laundering Legislation/Anti-Terrorist Legislation including Down Payment Verification review, as required
- Review cheque requisitions, adjustment, deposits, globals, investors capital call etc. and recommend requests to Management for approval
- Provide back up in the absence of other analysts within the team
- Complete special projects as assigned by Management
The Experience You Need
- Post secondary education
- 4 or more years’ experience in the mortgage/financial industry
- Experience working with the Optimus system a definite asset
- Proficient in Microsoft Office applications, specifically Word and Excel
- Good understanding of mortgage security documentation
- Prior experience processing mortgage assumptions, renewals and/or new loan transactions an asset
- Good Understanding of the AML and Down Payment Verification requirements an asset
- Extremely organized and detail oriented
Working Environment And Physical Demands Analysis
- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
Why join First National?
- Competitive Compensation
- Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
- Hybrid working environment
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year