Senior Manager, Real Estate Credit

November 13, 2020

Job Description

About Laurentian Bank Financial Group Founded in 1846, Laurentian Bank Financial Group (LBCFG) is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the "Group" or the "Bank"). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.The role is to fill under Laurentian Bank a subsidiary of the Laurentian Bank Financial Group.Within LBCFG, the Credit business unit is responsible for the authorization, revision and credit risk management of personal loans, residential mortgage loans, commercial mortgage loans, and commercial loans. Additionally, the business unit is responsible for the collection and recovery procedures of distressed files, and even the management and sale of repossessed properties and assets. The available position pertains to credit processing and authorization of commercial real estate mortgage loans across Canada, with adjudication authority based on candidate's profile. More specifically, commercial real estate mortgage loans include:Lending structures: Construction financings, repositioning loans, interim loans, and take-out financings on stabilized properties.Asset types:Condominium projects, purpose-built rentals, retirement homes, student housings, and a great variety of retail/industrial/office projects.Market served:All major Canadian markets with a focus on Montreal, Quebec City, Kitchener/Waterloo, Toronto, Ottawa, Calgary, Edmonton and Vancouver.

Responsibilities

Reporting to the Assistant Vice-President, Commercial Real Estate Credit, the incumbent is responsible for analyzing, recommending and/or authorizing (in accordance to her/his authorization limits) various applications for commercial real estate loans submitted by the real estate banking centres ("REBC"), located across Canada. Additionally, she or he participates in monitoring and managing credit risk and assisting business development personnel with the interpretation of policies and guidance on preliminary transactions. More specifically: ºAnalyze, restructure and adjudicate on loan applications, amendments and annual reviews recommended by the REBC. Decisions are based on internal policies and guidelines, market/property condition, Sponsor/Borrower experience and general know-how. ºPerform appropriate follow-up/monitoring of REBC reporting obligations. ºAssist REBC in interpreting the credit box and internal policies and provide guidance on loan structures.ºEstablish and maintain a healthy dialogue with the REBC.ºRemain up to date on the state of the economy, developments in the Canadian real estate industry, the competition and market conditions (national, provincial and local markets).ºPropose recommendations, policies and guidelines to improve work processes and risk metrics. ºPerform all tasks of similar or general nature as requested for the good functioning of the credit unit.

Qualifications

ºBachelor's or master's degree in management, with a focus on real estate, finance or accounting. ºMinimum 8 years of relevant commercial real estate experience in one or more of the following fields: commercial real estate mortgage business development, appraisal, underwriting, credit, capital markets, work-out, asset and portfolio management.ºSolid experience with construction financing. ºSolid understanding of legal documentation applicable to real estate financing in Canada. ºStrong analytical and underwriting skills with the ability to produce recommendations/authorizations, and convey them clearly, effectively and concisely;ºEffective negotiator with good judgment and common sense.ºSense of urgency, solution driven, quick turnaround abilities and excellent decision-making skills. ºStrong people and written communication skills.ºAutonomous, disciplined and committed to continuous improvement. ºImpeccable integrity and reputation in terms of governance and business ethics.ºCFA or É.A./AACI designation, is an asset.ºFluency in written and spoken French is a plus.

Additional Information

We welcome and encourage applications from individuals from all groups, including aboriginal, women, visible minorities, and persons with disabilities, regardless of race, ethnicity, sexual orientation, creed, family status, national origin, age and gender.

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