Associate, Portfolio Management, Commercial Finance Group (CFG)

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

As part of a growing and dynamic Commercial team, the Associate, Portfolio Management will assist the Commercial Portfolio Management team with the management and oversight of the Commercial Finance Group (CFG) portfolio. The Associate, Portfolio Management will assist Senior/Account Managers with the day-to-day management of their respective commercial mortgage portfolios, which are comprised of both conventional and construction mortgages.

The Associate, Portfolio Management is responsible for successfully managing the construction sub-advance pipeline while meeting compliance and control requirements, to achieve service goals and department-level targets.

The Associate, Portfolio Management is also responsible for maintaining mortgage files throughout the mortgage process. Duties include contacting direct clients or Partners regarding maturing mortgages, quote renewal rates, follow up with clients or Partners for credit documentation, follow up with clients or Partners to ensure all conditions precedent to renewal are met, ensuring files are AML (Anti-Money Laundering) compliant before renewal and administering renewals on SIT.

Additional credit-related and administrative duties are also required such as assisting Senior/Account Managers with the completion of annual reviews, ad hoc requests, extension memorandums, reporting and pipeline management, as well as networking with external business partners, along with various staff, within the Commercial department and other internal departments.

• On a daily basis, the incumbent will support the Commercial Portfolio Management team with the ongoing management of active loans. Specifically, time will be spent on the review and analysis of construction sub-advance requests letter of credit renewals, reductions, cancelations, and new issuances (25%).
• On a daily basis, the incumbent will be in contact with direct clients or Partners regarding the loan that are maturing. The incumbent will be required to provide rate quotes, request due diligence materials, and review the same. Follow up for any outstanding conditions precedent to renewal including AML documentation review and follow up for mortgage payouts for those accounts that are not being renewed (25%).
• On a daily basis, the incumbent will support Account Managers and/or Sr. Account Managers with the preparation of annual reviews, extension memorandums, and ad hoc requests quickly,
• efficiently, and accurately, often with limited and/or incomplete information. The incumbent must be able to manage multiple competing priorities in order to achieve aggressive timelines. (20%).
• On a daily basis, the incumbent is responsible for processing all mortgage renewals and extensions on SIT. The incumbent will ensure that all conditions precedent to renewal are met and that all renewing mortgages meet Equitable’s AML guidelines and standards. The incumbent will ensure that all conditions are signed off by the underwriter or appropriate approval authority prior to administering a renewal/annual review on SIT (20%).
• On a daily basis, the incumbent will be responsible for maintaining the currency of all renewal/annual review pipeline reports. The incumbent will be responsible for the preparation of specific departmental management reports that will be relied upon by Management (10%).

• Post-secondary education (diploma/degree) preferred, preferably in business or finance
• 3+ years’ experience in the financial services industry, preferably experience working in commercial banking or commercial mortgage lending
• Demonstrated service excellence within their field
• Strong working knowledge of MS Office (primarily Word and Excel)
• Effective analytical and problem-solving skills
• Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market
• Established organizational skills
• Ability to handle multiple competing priorities
• Good time management skills
• Excellent communication skills, both oral and written

• The position requires the incumbent to be a self-starter. Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem-solving. The incumbent must also have the ability to work independently with minimal supervision to properly identify and mitigate risks associated with individual transactions while balancing the needs of the client. The incumbent is required to follow corporate policies, procedures, and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. In some cases, viability is assessed with limited access to information or documentation.

#LI-Hybrid

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺  Medical, dental, vision, life, and disability benefits

📝  Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days 

🖥  Virtual events to connect with your fellow colleagues

🎓  Annual professional development allowance and a comprehensive Career Development program

💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!