Job Description

We are hiring for this position out of our Toronto office. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.

Role Overview

The role is responsible for evaluating and underwriting financial risks by analyzing financial statements and overall health of a loan. It involves assessing the financial health of properties, borrowers, and guarantors, and advising the credit team on repayment capacity and credit risk using financial ratios, occupancy rates, and market data. The position supports commercial loan execution through ensuring compliance with documentation standards based on CMCH requirements. It also includes conducting due diligence, affordable rent tracking, and leveraging financial tools for portfolio analysis. Being a part of MFR Enablement, the role requires strategic communication and continuous process improvement.

About the Qualifications:

A minimum of 1 to 3 years in administration, customer service, commercial CMHC lending, or commercial real estate is mandatory. Advanced knowledge of Microsoft Suite (Excel, and Word) is mandatory. Excellent written and verbal communication skills. Excellent financial analysis skills Proficiency in AML and KYC requirements Strong interpersonal skills with the ability to foster relationships quickly Highly meticulous and methodical with exceptional organizational skills Work well under pressure with minimal supervision and thrive in fast-paced and virtual environments Experience in CMHC lending is an asset An undergraduate degree in Finance, Accounting, Economics, or Business Administration is an asset

About the Day-to-Day:

Evaluate and underwrite financial risks or performance by assessing financial statements and other documents like Personal Net worth Statements, Cash flow statements, and other documents followed by writing narratives, reports, and recommendations. Assess the financial standing of properties in the portfolio, borrowers, and guarantors. Analyze construction and investment projects and assess risk. Advise the credit team on potential repayment capacity issues from borrowers, and credit risk default by analyzing financial ratios, rental occupancy, capitalization rate, and affordable market rents. File documents, annual financial statements, and rent rolls as required for internal requirements, CMHC Reviews, and Construction Draws. Liaise with the Mortgage Administration team, head office personnel, and Peoples Group solicitors to ensure timely execution of commercial loans/deals. Perform due diligence and prepare policies for credit reviews and renewals. Regularly update the credit policies as a part of the continuous improvement process. Implement use of financial tools to manage and analyze financial portfolio of the company. Compile the information in terms of investment and financial information about companies, stocks, bonds, and other investments, company financial statements, and other financial reports and publications to assess risk and liquidity to pay out debts. Become a Subject Matter Expert on assigned Commercial Sales Support activities. Communicate with borrowers, brokers, and other internal departments by phone and e-mail to advise on products and policies. Prepare and draft commitment letters and other documentation with respect to Loan Renewals, Loan Assumptions, CMHC credit annual reviews, Construction Draws, and Broker Fee Payments. Ensure and analyze that all agreements and documents are fully executed, and that all conditions (including AML requirements) are satisfied. Process Broker Fee Payments as per internal policies and procedures. Analyze Canadian bond yields and forecast the rates to quote insured mortgage interest rates to borrowers and brokers. Strategize and analyze data for process improvement.

About us:

Peoples Group is a boutique financial institution with offices located in Vancouver, Calgary, Toronto, and Montreal that has been in the Canadian marketplace for over 35 years. Our mission is to exceed our customers' expectations by providing exceptional customer service backed by extensive product knowledge and experience.



Our culture here at Peoples Group is formed by our values: Trustworthy, Creative, Willing. We believe people don't choose a company to work for, they choose a company to join. We prioritize risk-based practices and procedures in order to remain risk intelligent and compliant. We value people, building relationships, and focusing on strengths; we execute with passion.

About the work environment:

Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:00am and 4:30pm with flexibility around start/end times.

We offer:

A hybrid work environment, enabling you to balance your personal and professional life seamlessly. Competitive salaries, profit sharing, RRSP matching and benefits from day one. Generous paid time off to help achieve a healthy work-life balance. A strengths-based approach, ensuring we work together more effectively. A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.

Hiring process:

If your application is selected, you will be invited for a first interview with one of our Talent Acquisition Business Partners. Depending on the role, interviews may be conducted virtually or in-person. The hiring team will communicate any in-person requirements throughout the process.

NOTE:

This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.



We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.