Senior Mortgage Underwriter

At Canada ICI, we don't just find mortgages; we provide creative financing solution that allow Canadas largest real estate developers to execute their vision. We are looking for a Senior Mortgage Underwriter who possesses an analytical mindset - someone who views a complex financial set as a puzzle to be solved and eager to do so!

You will not be a data-entry clerk. You will be the financial engine behind the deal, responsible for taking raw data, finding the yield, and crafting the narrative that gets the deal funded. This is an excellent opportunity for those looking to develop their leadership and strong analytical skills within the real estate finance industry.

This position is full-time in-person at our Vancouver office.

This Position Offers

• Competitive annual salary, ranges from $70,000 - $90,000;
• Performance based bonus;
• Comprehensive benefits package, which includes extended health care (with paramedical coverage), dental, health spending account, Employee & Family Assistance Program as well as life & disability insurance;
• Growth opportunities within Canada ICI;
• Mentorship from some of the strongest Analysts and Originators within the commercial real estate industry.
• Matching RRSP Program.

The Mission

Your goal is to optimize loan proceeds. You will act as the primary "Deal Architect," analyzing borrower financials, identifying the hidden value in an asset, and structuring the debt (LTV, DSC, Amortization) to fit the specific risk appetites of our 100+ lender relationships.

Responsibilities

• Assist Mortgage Origination team in structuringmortgage opportunities based on the investment criteria of over 100 sources ofmortgage capital available to Canada ICI.
• Finalize and perfect information in location specificmortgage investment brochures.
• Review commitment letters relative to executed TermSheets/LOIs for the Mortgage Origination team, Lender and the Lenderssolicitor.
• Work with the Mortgage Origination team to manage andcoordinate the funding process including but not limited to; reviewing thefully executed commitment letter, preparation of the funding checklist, ongoingcommunication with the Borrower and any third parties required as well asproactively addressing potential issues in underwriting and conditionsprecedents.
• Engages critical thought to ensure proactive thinkingto successfully fund the deal.
• Have a strongunderstanding of lending criteria for each lender and be able to suggestappropriate lenders when needed.
• Liaise between Borrowers and Lenders to process theclosing of the deal.
• Establish relationships with third party reportproviders (appraisers, engineers, cost consultants).
• Assist intraining and mentoring Analysts on the fundamentals of underwriting andfunding.
• Acts with asense of urgency in advancing the deals.
• Establish and reinforce underwriting standards andprocedures.
• Provide underwriting on complex, non-typical files.
• Other duties asrequired.

Qualifications :

• Bachelor of Commerce Degree, B.Com; Major in Finance or equivalent, is required.
• Minimum 3 years of direct Commercial Real Estate experience is required.
• Applicable provincial mortgage license is considered an asset, or you must be willing to obtain it within your first 12-months of employment.
• Excellent financial analysis research and underwriting skills.
• High attention to detail
• Clear understanding of cash flow statements, preparation and analysis.
• Excellent interpersonal and communication skills.
• Knowledge of Real Estate and Finance Industry is required.
• Expert level of knowledge in excel required to include formulas, pivot tables etc.
• Past teamwork, and team player focus and experience required.
• Experience with CMHCs MLI products is a plus.

About Canada ICI

Canada ICI Capital Corporation is an industry leader in the distribution and management of compelling mortgage products, specializing in commercial mortgage origination, direct lending, and mortgage asset management. Through its national platform, the firm combines entrepreneurial agility with institutional discipline to help borrowers access capital and enable mortgage investors to fund confidently in high-quality opportunities.

As one of the countrys most active CMHC lenders, Canada ICI offers a comprehensive suite of CMHC construction and term financing products for top-tier borrowers across Canada. Its CMHC program is widely regarded as one of the most reliable and competitive sources of capital in the market.

Want to Learn More?

Not ready to apply? We invite you to explore what it's like working with Canada ICI. Learn more about our culture, our values, and how we can help you build your career in commercial real estate. Visit www.icicareers.com

Canada ICI is committed to achieving a diverse and inclusive workforce and strongly encourages applications from diverse candidates.

While we thank all applicants for their interest, only those individuals selected for an interview will be contacted.