Commercial analyst Jobs in Toronto, ON

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

The Commercial Analyst provides exceptional sales and service support to the Commercial Account Management team. This role is responsible for supporting the Business Enterprise Solutions origination team in the preparation, execution, and fulfillment of Equitable Bank's commercial mortgage products between $500,000 and $10,000,000. The Commercial Analyst must be knowledgeable about Equitable Bank’s commercial mortgage products and processes, with a good understanding of underwriting, risk, compliance, and funding guidelines. This role supports the Commercial Regional Directors.

Sales and Service Support (70%)

• Process transactions accurately and within specified timeframes, in accordance with company policies & procedures and applicable legislative / regulatory requirements.
• Assess deal packages and make recommendations on potential deal structures or issues to the Regional Directors and credit teams.
• Communicate effectively with the commercial mortgage coordinator, underwriting, and funding teams to ensure departmental efficiency.
• Pay close attention to detail when supporting the Regional Directors : tasks include CIF and real estate searches, ROE calculations, analysis of small to mid-market commercial transactions including Debt Service calculations, BDSR and TDSR, and preparation of Letters of Intent and Loan Summaries.
• Provide friendly, courteous, knowledgeable, and professional customer service to brokers, partners, and direct clients, following up on documentation, identifying opportunities, and initiating qualified leads.
• Identify and advise the Regional Directors of any potential credit risk issues.
• Carry out other role-related delegated tasks as assigned by the Regional Directors.

Operational Effectiveness (30%)

Let's Talk About You!

What we offer [For full-time permanent roles]

Equitable Bank is deeply committed to inclusion. We support and encourage diversity and provide accommodations for all applicants. All candidates must pass a criminal background and credit check. We look forward to getting to know you!

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