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.
The Senior Underwriter will assist the Senior Manager in the risk management of the financing portfolio. Within the Commercial Banking Group, the candidate will be required to assimilate the knowledge necessary to understand, prepare and write commercial real estate credit files.
With input into business model analysis, financial analysis, risk analysis and collateral evaluation, the Senior Underwriter will be responsible for analyzing and evaluating real loan applications, assessing credit risk and ensuring that the transaction meet the bank’s lending policies and risk appetites. The Senior Underwriter plays a critical role in the loan origination process and will act as a key resource to the Senior Manager, Business Development and the Assistant Vice President.
Sector: Real Estate

LI-Hybrid

QUALIFICATIONS

• University education in an appropriate field, Finance or Accounting and other related field.
• Minimum 5 years experience in a related field.
• Intellectual curiosity and critical thinking skills.
• Strong interest in Finance and good analytical skills.
• Attention to detail and meticulousness.
• Ability to produce quality written correspondence.
• Sense of collaboration and proactive spirit
• Good resourcefulness and ability to manage priorities.
• Ability to manage multiple files/projects simultaneously.
• Good oral and written communication skills (English an asset)*
• Knowledge of the Office suite.
• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

• Analyze and complete underwriting of commercial real estate loan requests (e.g. construction loans, term loans, bridge loans), annual loan reviews and amendments within prescribed time frames.
• Review and analysis of the borrower and guarantor financial statements, rent rolls, appraisals, market studies, leases and other due diligence materials.
• Analysis of property cash flows, debt service coverage ratios, loan to value and loan to cost ratios and other key credit metrics.
• Assess borrower creditworthiness, including financial strength, experience and overall risk profile.
• Coordinate and review third-party reports such appraisals, environmental reports, property building condition reports and cost consultant reports.
• Input client financial statements and financial projections into the risk rating tool.
• Perform financial analysis from the financial statements and projections, perform sensitivity analysis and make comparisons with industry standards for the sector.
• Identify and analyze risks associated with the client’s business.
• Follow up on client portfolio irregularities and collateralization in accordance with credit authorization requirements.
• Participate in meetings or conference calls with clients.
• Be involved in integrity and compliance processes (code of conduct, internal policies).
• Performs work according to specific practices, policies and objectives while complying with applicable legislation, Bank policies, programs and procedures.