Senior Director Mortgage Origination

Permanent Full Time 

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Reporting to the Senior Managing Director of Origination, the primary responsibility of the Senior Director role is the origination, underwriting and commitment of new commercial mortgage loans primarily in the Greater Montreal Area and Atlantic provinces.  This senior position involves analyzing, recommending and presenting potential commercial mortgage opportunities to senior management.

Accountabilities:

• Originate, negotiate, underwrite and recommend new ICI mortgage loans to align with Company investment policies, procedures, in order to meet or exceed annually determined individual and team mew business targets
• Direct the preliminary underwriting for new loans to obtain senior management agreement prior to proceeding with the transaction
• Prepare and negotiate term sheets and prepare commitment letters confirming financial terms and conditions as approved by the Company
• Ensure all terms and conditions of commitment letters have been satisfied working in association with the Mortgage Administration/Documentation team
•  Knowledge of commercial real estate market conditions, emerging trends, development and maintenance of profile in the market and awareness of market competition
• Ensure yield requirements and risk management in compliance with investment policies

Qualifications and Competencies:

• Bilingualism (fluent in French and English) required, as the position will regularly serve our clients with English and French-speaking need
• Post secondary degree in business, finance or real estate or equivalent combination of education and experience. Enrollment in or completion of an MBA, CFA program or A.A.C.I. real estate appraisal program would be an asset
• 5 - 10 years experience in commercial real estate.  Direct commercial mortgage lending experience preferred
• Good understanding of commercial valuation methodology, financial statement review, credit, and real estate market and real property analysis
• Excellent interpersonal skills and strong oral and written communication skills
• Strong computer skills (Excel) and Power Point

This position will be located in the Montreal head office.

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The base salary for this position is between  $119,300 - $ 169,300 annually.  This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).  If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.

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