Junior Analyst, CMHC Underwriting (Co-op Student)

Job title:

Junior Analyst, CMHC Underwriting (Co-op Student)

Company

CMLS Financial

Job description

Description :

Junior Analyst, CMHC Underwriting (Co-op Student)

Toronto, ON

Term: May 2024 – August 2024

CMLS Financial, one of Canada’s largest non-bank lenders, is looking for a motivated self-starter to join our Toronto team as a Junior Analyst, CMHC Underwriting this summer from May 2024 until August 2024. Learn about the industry while assisting in the underwriting of credit applications and submissions, with summaries and recommendations regarding risk assessment for commercial mortgages.

Role and Responsibilities:

• Work within the Credit Risk Management team that is responsible for assessing/underwriting new lending opportunities sourced by the CMLS Origination team.
• Learn and understand the life cycle of a mortgage financing and internal processes and systems to facilitate a mortgage from point of origination to funding.
• Conduct appropriate due diligence and investigation to gain solid understanding of the borrower, analyzing and interpreting financial data and credit information, assessing the cash flow and valuation of the underlying property being mortgaged, and assisting with the preparation of the credit application (mortgage presentation) based on the CMLS lending guidelines/policies.
• Review third property reports for the property, conducting various credit searches on the borrower and reviewing tenant leases to identify potential risks with the mortgage.
• Work closely with Risk Managers, Analysts and Funders in the Credit Risk Management team and internal partners including the Program Management Team and Originators.
• Work on multiple tasks/deals under tight deadlines and learning to prioritize accordingly.
• Perform other duties in keeping with the purpose and accountabilities of the job, such as preparing reports, assisting with compliance-related tasks and completing department projects as assigned

This role is for you if:

• You are ideally a 3rd or 4th year university/post-secondary student
• You have a keen interest in working in the Commercial Real Estate lending industry
• You have excellent communication skills, both written and verbal, and are able to work well independently as well as within a team environment
• You have experience creating and delivering business presentations and strong technical writing skills
• You are very results-driven and possess strong organizational skills with a high attention to detail
• You take ownership of your work and demonstrate a high degree of accountability and commitment at all times
• You are completing an undergraduate degree in one of the following concentrations: finance, economics, urban land development, accounting or business administration
• You are an intermediate to advanced level user of Microsoft Office (Excel, Word, PowerPoint, SharePoint)
• You have a passion for real estate combined with an understanding of financial and statement analysis

Who are we?

Established in 1974, CMLS Financial is the leading provider of capital solutions for commercial property owners, developers and real estate investors. We have over 50 years of experience, 30,000 clients, $35 billion in assets under administration, and offices coast to coast. Some of Canada’s most prominent banks, investment managers, insurance companies, and pension funds rely on CMLS Financial for a variety of critically important services. Building on our solid foundation of financial strength and experience, we continue to deliver unparalleled capital solutions for all our clients needs.

You will love working here

Employees tell us that they love that we strike the balance in creating an incredibly professional, yet dynamic and enjoyable corporate culture. We work in a fluid and fast-paced environment that is supportive of energetic and motivated individuals who pride themselves on being flexible and results-driven. Business is booming and that means that our employees are able to gain valuable exposure, have lots of learning opportunities, and truly impact the business. We are committed to providing our people with a challenging and rewarding career because our employees are what set us apart and we know it.

Equal Opportunity Employer

CMLS Financial is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations are available on request for candidates taking part in all aspects of the selection process.

We want to hear from you!

If you are confident that you would be a strong asset to our team, submit both a cover letter and resume today. Be sure to tell us why you believe yourself to be a perfect fit! We thank all applicants for their time in applying, however we will only contact those selected for an interview. Consideration of applications will begin immediately and continue until the position is filled.

Expected salary

Location

Toronto, ON

Job date

Wed, 28 Feb 2024 03:58:58 GMT

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