We are hiring an Analyst, Commercial Renewals!
Reporting To: Senior Director, Commercial Renewals & Assumptions
Full-Time/Part- Time: Full-time (Hybrid)
Posting Date: June 27, 2025
Closing Date: July 11, 2025
Hours of Work: 8:30 a.m. – 5:00 p.m.
Grade: 8
Office Location: Downtown Toronto Great location! Steps away from the main public transit station

THE REQUIREMENTS NEEDED:

• Post-secondary education
• Working knowledge of Quebec commercial mortgage legal documentation is a definite asset
• Two or more years’ experience in the mortgage/financial industry
• Experience working with the Optimus system a definite asset
• Proficient in Microsoft Office applications, specifically Word and Excel
• Good understanding of mortgage security documentation
• Prior experience processing mortgage assumptions, renewals and/or new loan transactions an asset
• Understanding of the AML and Down Payment Verification requirements an asset
• Experience working in a paperless office environment
• Strong written communication skills, in English
• Extremely organized and detail oriented

• Ensure maturing loans up for renewals and assumptions are processed in a timely manner in line with company policies and procedures.
• Perform a complete review of renewal and assumption underwriting binder and commitment letter before submitting for credit approval.
• Liaise with solicitors, insurance consultants, investors, originators and all parties associated with each transaction to ensure all First National requirements are satisfied and our files are updated accordingly.
• Responsible for accurately processing all loan details into mortgage system (including clear meaningful notes) as needed, from various source documents, including e-mails, commitment letter, CMHC special conditions, underwriting binder, legal documents etc. in compliance with policies & procedures.
• Maintain daily all files to ensure updated information are always available to provide proper coverage on each file.
• Responsible for saving all renewal and assumption documentation to our files and properly naming documents per our naming conventions for transfer to our commercial servicing area.
• Assist with the maintenance of reports that are used by senior management, investors and other parties.
• Review reports generated from our loan system, for loans in extension period to ensure PACs are setup accurately for monthly payment and M2M is processed accordingly.
• Communicate to management on any changes in policy or procedure for updates to our Procedures Manual for the Renewals & Assumptions team.
• Provide back up in the absence of other team members.
• Complete special projects as assigned by Management