14 Commercial Lending jobs in Canada

Job Description

Salary:

Come join Home Trust Company as a Director, Commercial Lending Operations in our Underwriting - Large Commercialteam!

Home Trust Company has developed a track record of success as Canadas leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.

FIRST THING WHAT YOU NEED TO SUCCEED?
We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!

WE CARE ABOUT OUR EMPLOYEES WELL-BEING, WHAT WE OFFER:

• Base salary, with yearly incentive performance bonus

• Three (3) weeks of vacation, an additional six (6) flex days (sick or personal) in addition to statutory holidays

• Comprehensive benefit packages, offered through Manulife

• Group Retirement Savings Plan (GRSP) up to 8% contribution program & employer match

• $1000 Employee Referral Program

• Employee Discounts; phone plans, gym membership, Toronto Bike Share and many retailer discounts offered through WorkPerks

• Education Assistance program

ABOUT THE ROLE:

Were looking for a strategic, operations-driven leader to support and strengthen our Commercial Underwriting and Lending business. As the Director, Commercial Lending, you will be a key partner in driving business transformation, executing and leading critical projects. Youll lead initiatives that promote process excellence and ensure compliance with regulatory and risk standards.

In addition:

• Lead and oversee special projects and strategic initiatives to drive operational improvements and support business transformation.
• Implement and adhere to ERM Independent Challenge and Internal Control Testing guidelines to support risk identification, assessment, and mitigation.
• Own service management, including onboarding, performance reviews, risk assessments, and compliance for business partners (agents, appraisers, consultants).
• Manage Panorays vendor security platform for InfoSec and Business Continuity monitoring.
• Maintain onboarding documents and track timelines in HomeVault.
• Oversee annual reviews and updates of Mortgage Participation & Servicing Agreements with servicers, legal, and regulators.
• Conduct regular Servicer relationship reviews and performance scorecards to identify risks such as AML and delinquencies.
• Collaborate with business unit Directors to manage and resolve audit and risk findings from ERM, compliance, and regulatory assessments.
• Lead commercial projects and business enablement initiatives, including new risk assessment tools (BERAT).
• Work cross-functionally to manage risk, reporting, and business roadmaps.
• Build and lead a high-performing team aligned with business goals.
  

WHAT WE REQUIRE:

• Authorized to work in Canada
• University degree in related area or discipline.
• 5 to 10 years of experience in commercial mortgage lending, lending products, underwriting, and people leadership.
• In depth understanding of commercial lending products, policies and guidelines with proven experience in project management, process improvement, and risk oversight
  

Why Join Us?
Be part of a growing organization that values innovation, collaboration, and integrity. Your expertise will help shape the future of commercial lending operations.

PREREQUISITE : Maintain a positive supportive attitude, help to maintain an inclusive and supportive company culture!

Note: The internal title for this role is Director, Commercial Operations Special Projects.

Follow us on LinkedIn: Home Trust Company: My Company | LinkedIn

Job Description

Salary:

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $5 billion in assets and growing. As Canadas most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBanks Common Shares trade on the Toronto Stock Exchange (TSX) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at

We are looking for a Senior Analyst to join the Investment Risk & Control (IRC) team. This role is located in London, Ontario and will work out of our VersaBank Innovation Centre of Excellence (VICE) office.

This is a vital role within the risk management of the Banks high-performing product offerings. As a Senior Analyst within the commercial funding team, you will focus on commercial equipment risk analysis, legal documentation review, transaction processing, audit and portfolio management. You will provide recommendations regarding financial statements, commercial credits, and collateral analysis, while conducting thorough due diligence on lease and loan transactions.

Collaboration will be integral to your success as you work closely with the VP, IRC, Account Managers, Team Leads, and Clients to ensure appropriate standards and compliance protocols are met.

Primary Responsibilities include:

• Participate in the Receivable Purchase Program and funding audit cycle, emphasizing commercial credit and/or documentation review for Client portfolios to ensure adherence to approved policies and program parameters.

• Identify and flag contracts included in a purchase request or transactions that do not meet the eligibility requirements of the program and escalate for further review.

• Communicate clearly audit findings and ensure that responses adequately identify the risks and/or issues highlighted.

• Maintain detailed records of tranche due diligence findings and decisions.

• Monitor exposures within each Clients program to ensure compliance with program requirements.

• Ensure funding and/or credit packages are complete, signed off, and submitted in a timely manner to ensure same-day value of wire transfers.

• Assist with improving efficiencies in the audit process of each Client.

• Provide leadership support to the commercial funding, reporting, and Credit teams as needed.

• Comfortable representing the team with senior management, and external partners.

• Other duties and projects as assigned.

What we are looking for:

• Business degree or related post-secondary education and/or relevant work experience.

• A minimum of 5 years of experience in commercial equipment underwriting, lease analysis and loan purchase due diligence a similar or related role.

• Experience mentoring junior analysts.

• Strong organizational skills with the ability to prioritize tasks and delegate effectively.

• Experience and understanding of US and CAD securitization and leasing would be an asset.

• Exposure to legal documentation related to commercial leases or loan sales.

• Advanced computer skills, particularly Microsoft Office products, and the ability to learn new systems.

• Self-starter with strong time management skills and the ability to multi-task.

• Excellent critical thinking skills.

• Strong interpersonal and business communication skills.

• Meticulous attention to detail.

• Sound judgment with the ability to independently problem-solve.

What we offer:

• A positive team-based work atmosphere that promotes collaboration.

• Competitive compensation package including base salary, an incentive award and pension supplement program.

• An outstanding benefit program.

• Tuition refund program.

• Fitness club membership.

Application process:

If working for a 'non-traditional' bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted.

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support(s). If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.

Job Description

Salary:

Come joinHome TrustCompanyas a Director, Commercial Lending, MIC Financingin our Commercial Lending team!

Home Trust Company has developeda track recordof success as Canadas leading alternative lender, employingnearly 800people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.Home Trust is a private company.

FIRST THING WHAT YOU NEED TO SUCCEED?

We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!

WE CARE ABOUT OUR EMPLOYEES WELL-BEING, WHAT WE OFFER:

• Three (3) weeks of vacation, anadditionalsix (6) flex days (sick or personal) in addition to statutory holidays
  

• Comprehensive benefit packages, offered through Manulife
  
• Group Retirement Savings Plan (GRSP) up to 8%contribution program & employer match
  
• EmployeeDiscounts;phone plans, gym membership, Toronto Bike Share and many retailer discounts offered throughWorkPerks
  
• Education Assistance program
  
  

ABOUT THE ROLE:

The Director, MIC Financing responsible for overseeing and managing the strategic direction and operational execution of the MIC financing portfolio. This role involves leading a team of commercial lending professionals to develop and maintain strong relationships with MIC clients, ensuring the delivery of tailored financial solutions that meet their unique needs. The Director will be tasked with assessing and mitigating risks associated with MIC financing, ensuring compliance with regulatory requirements, and optimizing the portfolio's performance.

In addition:

• Collaborate with origination sources and business partners specifically for the MIC Financing product to source suitable mortgage investment opportunities that align with HTCs pricing criteria and risk appetite.
• Evaluate MIC Financing transactions across various asset classes, focusing on those that fit within the MIC Financing framework.
• Conduct initial risk and suitability analysis and screening of MIC Financing investment proposals, discussing findings with the EVP Commercial Lending.
• Assist in negotiating pricing and loan structures for MIC Financing deals, ensuring they are commensurate with loan risk, and present opportunities that meet HTCs MIC Financing requirements.
• Analyze and provide written recommendations in Term Sheet format for MIC Financing investment proposals requiring approval, adhering to HTCs Policy and Guidelines and investment criteria.
• Present MIC Financing investment proposals to the appropriate decision-making bodies, such as Commercial Underwriting or the Credit Risk Transactional Sub Committee.
• Work closely with borrowers involved in MIC Financing to collect and analyze information necessary for issuing Letters of Intent and Commitment Letters.
• Collaborate with the Underwriting team to ensure timely response and funding for MIC Financing transactions, meeting client expectations.
• Maintain and evaluate consistent, objective, and sound risk assessments specifically for MIC Financing in a high volume, quality-focused, and service-oriented environment.
• Support the EVP, Commercial Lending in achieving business objectives related to MIC Financing, including new business volume, spread, and profitability targets.
• Cultivate and sustain strong relationships with agents and direct borrowers to expand the commercial mortgage business.
• Oversee the development and management of the MIC Financing pipeline to streamline workflow and ensure prompt execution of loan approvals.
• Provide precise and comprehensive reporting to the SVP of Commercial Lending regarding the commercial mortgage portfolio, pipeline, market trends, competition, and cost of funds, along with ad-hoc reports for senior management as needed.
• Administer MIC Financing allocation targets and limits with the aim of optimizing capacity usage and enhancing revenue.
  
• Evaluate and analyse documentation supplied by clients and brokers to ensure its authenticity and compliance with all aspects of Home Trust Companys policies and guidelines per delegated authority matrices and applicable compliance obligations including Commercial Underwriting Policies and Commercial Lending Guidelines, Privacy, Anti-Money Laundering / Anti-Terrorist Financing and internal Anti-Fraud Policy requirements.
• File Unusual Transaction Reports as applicable to fulfil individual employee obligations to detect and deter financial crimes activity.
• Maintain clean OSFI and Internal Audit reports as required for Commercial Originations.
  

WHAT WE REQUIRE:

• Authorized to work in Canada
• University degree in business, economics or related discipline
• Additional relevant accreditation(s), certification(s) are assets (eg. MBA, CFA)
• 10+ years in commercial mortgage lending / underwriting
• Background in alternative lending an asset
• 8-10+ years experience with the MIC Financing product
• In depth understanding of commercial real estate and mortgages
• Able to multi-task and flourish in a fast-paced, deadline-driven work environment
• Proven ability to work within a collaborative team environment
• Excellent written / verbal communication and professional maturity
• Strong organizational, time-management and analytical skills to work effectively with established guidelines
• Effective leader who motivates and engages others through fostering a collaborative team environment
• Understands Home Trust Companys lending criteria and risk appetite
• Strong knowledge of MS Office, especially Excel

PREREQUISITE:Maintaina positive supportive attitude, help tomaintainan inclusive and supportivecompanyculture!

Follow us on LinkedIn:Home Trust Company: My Company | LinkedIn