Our client, a Top 5 Bank in Canada is looking to hire an Underwriter to their team for an initial 6-month contract with a possibility of extension / conversion.
This role is currently hybrid, 1-2 days a month in office in Toronto.
You will be responsible for supporting the review and approval of residential mortgage and real estate applications. As an Underwriting Analyst, you will play a crucial role in ensuring that applications are processed in a timely and effective manner, following established guidelines and authorized lending limits.
Responsibilities Include :
- Evaluate residential mortgage and real estate applications by meticulously reviewing documentation and information provided, ensuring alignment with CIBC risk parameters and applicable insurers' guidelines.
- Utilize negotiation skills to make informed decisions on applications, including approval, recommendation, or decline, adhering to established processes and authorized lending limits.
- Conduct thorough risk assessments and prepare comprehensive recommendations for Manager or senior underwriter consideration when dealing with residential mortgage applications that surpass the established authority limit.
- Manage correspondence and inquiries from internal business partners and external stakeholders such as insurers, appraisers, and solicitors.
Cultivate effective working relationships to facilitate the underwriting process.
- Demonstrate strong analytical skills in gathering, reviewing, and assessing credit information. Ensure that all credit applications meet quality standards and comply with established guidelines.
- Work efficiently in a fast-paced environment, managing high work volumes and meeting short timelines. Demonstrate adaptability by reviewing a variety of lending products on a daily basis while maintaining a high level of due diligence and quality in underwriting processes.
Must Have Qualifications :
- 2-4 Years Retail mortgage underwriting experience. Mostly residential Mortgages.
- Experience in reviewing and evaluating documents (income, down-payment, offers, etc.)
- Experience in exceptions rational (*they will be making exceptions themselves)
- Good Understanding of risk mitigation
Nice to Have :
- Any broker or underwriting course experience
- Outlook and Excel skills
- A university Degree
- Familiarity with Canadian Rules and Regulation.
Construction Underwriter (Junior & Senior position available)
Producing and underwriting profitable new and renewal business .Providing service to brokers and clients at all stages of the underwriting process .Developing new and maintaining existing broker relationships in support of business objectives .Customer focused approach in developing customized solut...
Underwriter - Relocation Opportunity - London, UK
About CFCCFC is a specialist insurance provider, pioneer in emerging risk and market leader in cyber.Our global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today’s most critical business risks.Headquartered in Lo...
Intermediate Underwriter, Long Haul Trucking (ECH-ON)
Analyze new business for profitability with guidance from a more senior underwriter by assessing exposures and hazards, including loss prevention where required. ...
Senior Commercial Mortgage Underwriter, CMHC
As part of a growing and dynamic commercial team, the Commercial Mortgage Underwriter is responsible for underwriting CMHC-insured and conventional commercial mortgages. The Underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements, while...
Associate Underwriter
What it's like to be a Federated Associate Underwriter. Federated Insurance Associate Underwriters customize solutions for our commercial clients when they need insurance products. Our Associate Underwriters are passionate about maintaining strong relationships with our Commercial Insurance Speciali...
Souscripteur, cyberrisques et responsabilité professionnelle | Underwriter, Cyber & Professional Liability
RESPONSABILITÉS PRINCIPALES: .Identifier, analyser et développer des pistes de nouvelles affaires pour les produits de responsabilité professionnelle et cyberrisques conformément aux stratégies et directives de souscription de Chubb.Sélection des risques, négociation de couvertures et vérification d...
CGL Underwriter (Intermediate or Senior)
Act as a resource for more junior underwriters and for non-CGL Underwriters exposed to CGL underwriting. Act as an Underwriter in managing the workflow of a developing Commercial General Liability practice, with limited responsibility for other lines of business as well, where there are compatible n...
Underwriter, Personal Lines (Operations) (ECH-ON)
The Underwriter will provide underwriting and risk analysis on Personal Lines Insurance Programs. ...
Underwriter (E+O, D&O, Cyber)
What it's like to be a Northbridge Underwriter. Our Underwriters work closely with our Brokers to customize Professional Liability solutions for their clients. They work hard to ensure that we are writing the right risks – this means liaising with other Underwriters, Corporate Underwriting, as well ...
Intermediate Group Underwriter
Intermediate Group Underwriter. Intermediate Group Underwriter,. ...