Analyst Or Associate, Real Estate Finance
Toronto, ON, Canada
Job Description
Ot?ra Capital Inc. is a major institutional commercial real estate debt player across North America and a leader in Canada, known for its expertise, professionalism and reliability. Otera's success is largely based on the talent, expertise and complementarity of its employees. The group offers an environment that is both stimulating and dynamic, where we pursue excellence, we care, we innovate, we take ownership and we collaborate. Otera employees benefit from a competitive global compensation package, as well as professional development and wellness programs.
Your role Reporting to the Director, Real Estate Finance , the Analyst or Associate* will be responsible for assisting the Real Estate Lending Team in meeting Ot?ra?s construction loan mortgage investment objectives and their ongoing monitoring and administration in both Canada and the US. The successful candidate for this demanding position must be able to operate independently and as part of the team in a high volume and fast-pace environment, requiring handling multiple tasks and meeting strict deadlines.
This involves:
- Completing property underwriting analysis (including market, project budget, cash flow analyses, valuation).
- Preparing monthly and semi-annual reporting submissions.
- Assisting with the drafting of credit submissions.
All under the guidance of senior team members.
- The level of the position will be defined according to the experience of the candidate
Your responsibilities
- Underwrite new opportunities and assist in the preparation of comprehensive narrative and analytical credit submissions;
- Complete due diligence including market reviews, condominium sales reviews, project budget reviews, lease reviews, borrower and guarantor financial statement analysis and review of property reports (appraisal, environmental and geotechnical);
- Asset management and completion of semi-annual reviews for the existing mortgage portfolio, due diligence for loan closings and update mortgage administration system;
- Processing and obtaining of the necessary internal approvals for various borrower requests (amendments to loan structure (i.e. sources and uses, loan term extensions, partial discharges, etc.);
- Preparation/validation of various internal reports;
- Assist in drafting of term sheets and commitment letters.
Your profile
- Bachelor?s degree in Finance, Business Administration or Real Estate is an asset;
- 1-3 years? experience in a similar job position;
- Working knowledge of the commercial real estate sector (across Canada);
- An understanding of real estate, its development and valuation;
- Excellent inter-personal skills and commitment to learn and willingness to contribute to the team;
- Self-starter and independent learner;
- Excellent Excel skills;
- Proficiency in Outlook, Word;
- Strong analytical, research and quantitative skills;
- An understanding of underwriting from lender?s perspective;
- Excellent verbal and written communication skills and the ability to interact professionally with a diverse group of executives, relationship managers and credit managers;
- General understanding of loan documentation;
- Ability to work both independently and as part of a team;
- Ability to work on several concurrent projects with strict deadlines;
- Outstanding organizational and time management skills.
- Self-motivated with a high degree of integrity, honesty and ethics
We subscribe to the principle of employment equity and encourage diversity and inclusion. All candidates are welcome to apply; however, only candidates selected for an interview will be contacted.
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Job Detail
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Job IdJD2171218
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationToronto, ON, Canada
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EducationNot mentioned