Manager, Commercial Real Estate Credit

Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

Within LBC, 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, Halifax, Kitchener/Waterloo, Toronto, Ottawa, Winnipeg, Calgary, Edmonton, Vancouver and Victoria.
Responsibilites 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

• Analyze, 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.
• Perform appropriate follow-up/monitoring of REBC reporting obligations.
• Assist REBC in interpreting the credit box and internal policies and provide guidance on loan structures.
• Establish and maintain a healthy dialogue with the REBC.
• Remain 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).
• Propose recommendations, policies and guidelines to improve work processes and risk metrics.
• Perform all tasks of similar or general nature as requested for the good functioning of the credit unit.

Qualifications

• Bachelor’s or master’s degree in management, with a focus on real estate, finance or accounting.
• Minimum 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.
• Solid experience with construction financing.
• Solid understanding of legal documentation applicable to real estate financing in Canada.
• Strong analytical and underwriting skills with the ability to produce recommendations/authorizations, and convey them clearly, effectively and concisely.
• Effective negotiator with good judgment and common sense.
• Sense of urgency, solution driven, quick turnaround abilities and excellent decision-making skills.
• Strong people and written communication skills.
• Autonomous, disciplined and committed to continuous improvement.
• Impeccable integrity and reputation in terms of governance and business ethics.
• CFA or É.A./AACI designation, is an asset.
• Fluency in written and spoken French.

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.