Manager, Commercial Portfolio Management

Company Profile

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country.

Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products.

Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.

The Commercial Underwriting business unit adjudicates all commercial mortgage applications to actively support business objectives, as well as, is responsible for ongoing monitoring and management of the commercial mortgage portfolio.

Driving quality and process efficiency, this group will ensure thorough judgement in compliance with the Company’s legislative and regulatory requirements, as well as internal policies, guidelines and procedures while fostering a culture of respect, trust and integrity.

Position Overview

This is a specialized position within Commercial Underwriting that will assist in the oversight of the existing commercial mortgage portfolio.

The Manager, Commercial Portfolio Management is responsible for underwriting large commercial mortgage renewals and annual reviews in accordance with on-going regulatory, risk and compliance requirements.

Additional credit related and management duties are also required to support the Commercial Portfolio Management team and regulatory requirements.

Position Responsibilities

Underwriting (65%)

Analyse and underwrite commercial mortgage renewals and annual reviews for multi-residential, non-residential and construction facilities including detailed analysis of the borrower, real estate security and loan terms as well as identifying any associated risk.

Communicate on a regular basis, with direct clients, third party servicers or internal partners regarding mortgages that are maturing and / or coming up for annual review.

Request due diligence materials and follow up for any outstanding conditions precedent to renewal / annual review.

Ensure all criteria has been satisfied on underwritten commercial mortgage renewals / annual reviews and outstanding documentation / conditions, if any, are being met in a timely manner.

Ensure all files and the SAP system of record are accurate and complete. The annual review / renewal document should provide sound risk assessments and be well documented following Home’s policies, guidelines and procedures and meeting post-funding ERM quality assurance requirements.

Maintain workflow and complete the underwriting of annual review and renewal files within the target amount of time

Underwrite and process assumption requests as required.

Maintain a high level of industry knowledge, competition and market trends.

Administration and Service (15%)

Attain service standards for processing all mortgage transactions in accordance with Company policies and procedures.

Communicate with internal and external partners to ensure that all transactions are processed efficiently and effectively.

Assist in the overall management of the Commercial Mortgage Portfolio, including the management of any special requests and problem loans as required.

Escalate issues / obstacles / trends to the Senior Manager, Commercial Portfolio Management as appropriate with recommendations / solutions.

Assume a leadership position within the team and support the Senior Manager, Commercial Portfolio Management to manage special requests and fluctuations in workflow.

Assist in coaching, mentoring and training Portfolio team members as required.

Risk & Compliance (15%)

Ensure all transactions adhere to and are appropriately risk rated with a sponsor, property and aggregate rating

Maintain files in compliance with all aspects of Home Trust Company’s underwriting policies and guidelines per delegated authority matrices and applicable compliance obligations including Privacy, Anti-Money Laundering / Anti-Terrorist Financing and internal Anti-Fraud Policy requirements

Ensure Unusual Transaction Reports are filed as applicable to fulfil individual employee obligations to detect and deter financial crimes activity

Reporting and Projects (5%)

Assist in the preparation and presentation of monthly, quarterly, and annual reports for senior management, as necessary.

Participate in special projects or other new initiatives as needed.

Formal Education

Post secondary degree or diploma required (University degree preferred) in Finance, Business or equivalent

Related Experience

Related Experience :

• 3-5 years in commercial mortgage lending, financing of multi-residential & non-residential properties; construction lending
• Underwriting and finance background
• In depth understanding of commercial mortgage industry

Skills :

• Strong organizational, time-management and analytical skills to work effectively within established guidelines
• Able to multi-task and flourish in a fast-paced, deadline-driven work environment
• Well-developed negotiation, influencing skills
• Strong interpersonal relationship building and listening skills
• Proven ability to work both independently and collaboratively within a team environment
• Excellent written / verbal communication and professional maturity
• Understands Home Trust Company’s lending criteria and culture
• Remains current on OFSI Guidelines and other applicable legislation
• Strong knowledge of MS Office, loan origination software

Skills

Position Complexities

Acknowledgement

All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls.

Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business.

Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels ( Customer Complaints Appeals Office (CCAO), Compliance Hotline, Whistleblower Policy, etc).

Home Trust is committed to fair and accessible employment practices and we are committed to providing accommodations for persons with disabilities.

If you require accommodations in order to apply for any job opportunities, or require this posting in an additional format, please contact us at or 416-360-4663.

If you are contacted by Home Trust regarding a job opportunity or testing and require accommodation in any stage of the recruitment process, please use the above contact information.

We will work with all applicants to determine appropriate accommodation for individual accessibility needs.