Analyst, Portfolio Management, CFG at Equitable Bank · Toronto

Job Title: Analyst, Portfolio Management, CFG

Department:     Credit & Risk Management   

Reports To:        Manager, Portfolio Management or Senior Manager, Portfolio Management

     

Purpose of Job   

     

As part of a growing and dynamic Commercial team, the Analyst, Portfolio Management will assist the Commercial Portfolio Management team with the management and oversight of the Commercial Finance Group (CFG) portfolio.  The Analyst, Portfolio Management will assist Senior/Account Managers with the day-to-day management of their respective commercial mortgage portfolios, which are comprised of both conventional and construction mortgages.     

     

The Analyst, Portfolio Management is responsible for successfully managing the construction sub-advance pipeline while meeting compliance and control requirements, to achieve service goals and department-level targets.   

     

The Analyst, Portfolio Management is also responsible for maintaining mortgage files throughout the mortgage process.  Duties include contacting direct clients or Partners regarding maturing mortgages, quote renewal rates, follow up with clients or Partners for credit documentation, follow up with clients or Partners to ensure all conditions precedent to renewal are met, ensuring files are AML (Anti-Money Laundering) compliant before renewal and administering renewals on SIT.   

     

Additional credit-related and administrative duties are also required such as assisting Senior/Account Managers with the completion of annual reviews, ad hoc requests, extension memorandums, reporting and pipeline management, as well as networking with external business partners, along with various staff, within the Commercial department and other internal departments.   

                                                                                                                      

Main Activities:


	On a daily basis, the incumbent will support the Commercial Portfolio Management team with the ongoing management of active loans.  Specifically, time will be spent on the review and analysis of construction sub-advance requests letter of credit renewals, reductions, cancelations, and new issuances (25%).   


	On a daily basis, the incumbent will be in contact with direct clients or Partners regarding the loan that are maturing.  The incumbent will be required to provide rate quotes, request due diligence materials, and review the same.  Follow up for any outstanding conditions precedent to renewal including AML documentation review and follow up for mortgage payouts for those accounts that are not being renewed (25%).     


	On a daily basis, the incumbent will support Account Managers and/or Sr. Account Managers with the preparation of annual reviews, extension memorandums, and ad hoc requests quickly, efficiently, and accurately, often with limited and/or incomplete information. The incumbent must be able to manage multiple competing priorities in order to achieve aggressive timelines. (20%).   


	On a daily basis, the incumbent is responsible for processing all mortgage renewals and extensions on SIT.  The incumbent will ensure that all conditions precedent to renewal are met and that all renewing mortgages meet Equitable’s AML guidelines and standards.  The incumbent will ensure that all conditions are signed off by the underwriter or appropriate approval authority prior to administering a renewal/annual review on SIT (20%).     


	On a daily basis, the incumbent will be responsible for maintaining the currency of all renewal/annual review pipeline reports.  The incumbent will be responsible for the preparation of specific departmental management reports that will be relied upon by Management (10%).     


     

Knowledge/Skill Requirements:   


	Post-secondary education (diploma/degree) preferred, preferably in business or finance   


	3+ years’ experience in the financial services industry, preferably experience working in commercial banking or commercial mortgage lending   


	Demonstrated service excellence within their field   


	Strong working knowledge of MS Office (primarily Word and Excel)   


	Effective analytical and problem-solving skills   


	Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market   


	Established organizational skills   


	Ability to handle multiple competing priorities   


	Good time management skills   


	Excellent communication skills, both oral and written