Job Description

Job SummaryWhat is the opportunity?You will provide direct analysis and support for the ongoing initiatives of the Real Estate Portfolio Servicing Team. You will be responsible for the maintenance and monitoring of various databases, market research, detailed loan monitoring and summary reconciliations, and third party investor reporting. In this role, you will collaborate with internal and external stakeholders, collect borrower documentation required for underwriting and complete the annual review process and associated changes. A key responsibility includes some travel completing commercial property inspections and follow up reporting across Canada.What will you do?Maintain multiple tracking databases and be responsible for data integrity for audit purposesCollaborate with Relationship Managers, Business Markets and Borrowers to collect financial packages and other annual review informationComplete the Operating Statement Analysis Reports (xe2x80x9cOSARSxe2x80x9d annual reviews) for the securitized commercial mortgages portfolio and submit with the clientxe2x80x99s financial information to the Master Servicers in accordance with the requirements of the Servicing AgreementsTrack, monitor and follow up on borrower undertakings for securitized and third party investor mortgagesPerform, complete and submit property inspection reports to the Master Servicer by the due dates specified in the Servicing Agreements. Request and follow up on correction strategies for items of significant property deferred maintenanceRequest and verify property tax accounts, PPSA files and property insurance policiesResearch and complete formal business cases in support of Borrower special requests to modify loan documents (i.e. subordinate debt financing, loan assumptions, building expansions, expropriations, partial discharges of security, changes in ownership structures, amalgamations, holdback and reserve releases, etc.)Prepare and verify monthly loan remittance reports and coordinate the distribution and wiring of mortgage P&I payments to the Master Servicers, co-lenders and third party investorsControl systems and loan transaction administration for mortgage set up, investor coding, loan reserves and loan payoutsWhat do you need to succeed?Must have:University degree in business, commerce, finance, real estate, accounting or related fieldsAbility to learn quickly in a fast-paced environmentSound understanding of financial statements and real estate analysisMinimum 1 yearxe2x80x99s experience in Commercial Mortgage UnderwritingHighly proficient in Microsoft applications (Excel, Word, Power Point)Well organized, result-oriented and excellent time management skillsA focus on detail, client-oriented, proactive and ability to multi-taskExceptional communication, collaboration and writing skillsTeam player and willingness to do some travel across CanadaNice to have:Knowledge of the Bankxe2x80x99s operating systems: OLMS, Synergy, DDA, CMS, CART, RFT wire transfer, Newton and PeopleSoft (Oracle)Experience in real estate lending practices and real estate cash flow analysisOver 3 yearsxe2x80x99 experience in Commercial mortgage underwritingExperience in Commercial Mortgage Backed Securities (CMBS) and the servicing of securitized commercial mortgage and third party investor portfoliosWhatxe2x80x99s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.Ability to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging work and enhance your knowledge and skills in a professional environmentJob SkillsAdditional Job DetailsAddress: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: PERSONAL & COMMERCIAL BANKINGJob Type: RegularPay Type: SalariedPosted Date: 2025-02-11Application Deadline: 2025-02-26Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Royal Bank of Canada