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Toronto, Ontario, Canada
Hybrid
Who we are:
Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig.
Together, we are the leading alternative lending bank in Canada. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.
Join Home Trust as a Manager, Commercial Real Estate, reporting to SVP, Commercial Lending, and be part of our talented and growing team!
About the role:
The Manager, Commercial Real Estate is responsible for assessing, evaluating and analyzing investment proposals to prepare and present recommendations on a wide variety of commercial mortgage transactions. The candidate will manage workflow in the business unit for loans between $5-$10 million, develop and maintain business relationships, and sustain a strong commercial mortgage portfolio for the company.
Key Responsibilities:
Transaction Analysis, Workflow Management, Review/Approvals
Assist in negotiating appropriate pricing and loan structures, commensurate with loan risk, and present mortgage investment opportunities that meet HTC’s requirements.
Analyze and provide written recommendations in Term Sheet format (decision ready) on investment proposals requiring approval in accordance with HTC’s Policy and Guidelines and general investment criteria.
Present investment proposals to Commercial Underwriting for decisioning.
Work closely with direct client base of borrowers to collect and analyze information to issue Letters of Intent and Commitment Letters on transactions where required.
Collaborate with the Underwriting team to ensure timely response and funding achieved to service client expectations.
Maintain and evaluate consistent, objective and sound risk assessments in a high volume, quality focused and service-oriented environment.
Assist the SVP, Commercial Lending in achieving all business objectives including new business volume, spread, and profitability targets for Large Commercial.
Maintain a high level of knowledge of the industry, competition, and market trends.
Pipeline, Reporting and Business Management
Develop and maintain agent and direct borrower relationships in coordination with the Director, Commercial Lending to build the commercial mortgage business.
Manage the development and maintenance of the Large Commercial pipeline to facilitate workflow and to ensure timely execution of loan approvals.
Deliver accurate and substantive reporting to the SVP, Commercial Lending on the commercial mortgage portfolio, pipeline, market trends, competition and cost of funds and provide ad-hoc reporting to senior management, as required.
Coordinate with internal business groups including ERM, Finance, Treasury, Compliance and Securitization to assist in facilitating commercial related items in the organization.
Risk and Compliance
Evaluate and analyze documentation supplied by clients and brokers to ensure its authenticity and compliance with all aspects of Home Trust Company’s policies and guidelines per delegated authority matrices and applicable compliance obligations including Commercial Underwriting Policies and Commercial Lending Guidelines, Privacy, Anti-Money Laundering / Anti-Terrorist Financing and internal Anti-Fraud Policy requirements.
File Unusual Transaction Reports as applicable to fulfil individual employee obligations to detect and deter financial crimes activity.
Maintain clean OSFI and Internal Audit reports as required for Commercial Originations.
Team Leadership & Administration / Reporting
Acts as a subject matter expert, to guide and coach other team members (i.e. analysts) on Home Trust’s Commercial Lending requirements.
Foster a team environment focused on achieving all departmental objectives and goals in support of the business.
Set, report, measure and review own’s objectives as required via the Organizational Effectiveness Program (OEP) and Team Effectiveness Meetings (TEM).
Projects
Work closely with all stakeholders (ex. Commercial Mortgage Projects).
Manage special projects or other new initiatives as needed.
What we’re looking for:
What you’ll love about working here:
What you can expect - pay & process:
If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.
Learn more: https://www.fairstone.ca/en/about/canadian-lender
Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/
If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.
Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.
Time Type:
Full time