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Senior Underwriter, Insurance Lending Solutions

Senior Underwriter, Insurance Lending Solutions

Equitable BankToronto
30+ days ago
Salary
CA$75,000.00–CA$90,000.00 yearly
Job type
  • Full-time
Job description

The Work

  • Assess the credit worthiness of both commercial (corporate) and individual borrowers, while adhering to the Bank’s lending guidelines and policies.
  • Provide recommendations and approvals within designated limits, including those of peers when necessary. Ensure that approved deals close as scheduled and as efficiently as possible, by following up on outstanding conditions / documents and ensuring compliance with established guidelines.
  • Demonstrate a comprehensive understanding of the nuances of Whole Life Insurance policies, including their structure, functionality, as well as the impact of future policy changes on the credit portfolio.
  • Deliver exceptional, customer-centric service to both internal and external stakeholders; participate in sales meetings, as required.
  • Mentor team members on credit adjudication and compliance practices.
  • Actively engage in team efforts and support colleagues.
  • Maintain a high level of professionalism in all interactions.
  • Support other areas within the Growth Business unit as required

Let's Talk about You

  • Demonstrated ability to coach and mentor more junior employees.
  • Autonomous decision making on files of greater complexity. Post-secondary education in business or finance.
  • In-depth knowledge of commercial underwriting and financial statements analysis.
  • Proficient underwriting skills, with a minimum of 2-4 years of commercial lending experience.
  • Insurance lending experience preferred
  • Exposure to and knowledge of whole life insurance products is highly preferred.
  • Strong analytical and problem-solving skills, with the ability to assess credit applications holistically.
  • Sound knowledge of AML & ATF practices. Excellent time management, analytical and problem-solving skills, able to handle multiple competing priorities. Ability to make decisions under ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment.
  • Excellent relationship building skills.
  • Knowledge of fraud risk in the credit and insurance industries and the ability to address concerns relating to suspected misrepresentation is required.
  • A desire and a willingness to join a growing team and evolving product.
  • Proficiency in MS Office (mainly MS Word and Excel).
  • CFA / CPA as well as the ability to speak Mandarin would be an asset.

    • What we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan🏽 Maternity / Parental top-up while you care for your little one Generous vacation policy, personal days and even a moving day Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience