Our Story & Purpose:

We’reVancity, a member-owned credit union built on the principles of inclusion and social justice.Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers.We’vemade bold commitments to become net-zero by 2040 across all mortgages and loans, andwe’reactively pursuing strategies in Indigenous banking and financial resilience for our members.

Vancity Community Investment Bank (VCIB) is an Ontario-based subsidiary of Vancouver City Savings Credit Union (Vancity). As Canada’s first values-driven bank, VCIB provides financing solutions to help purpose-driven businesses and organizations create, grow and foster change. At VCIB, we embrace your strengths andyour ambitions, so you feel empowered at work. We need talented, passionate professionals who are dedicated to using finance as a force for good and doingwhat’sright for our clients.

Your Role in Supporting Our Members:

As an

Underwriter, Commercial Real Estate , you will play a critical rolesupporting the growth and management ofa portfolio of loansto valuesalignedbusinessesandsocial purpose real estate projects, including(but not limited to)term and construction financing for market rental housing, affordable housing, green buildings, and community spaces.You’lljoin a small, diverse team of entrepreneurial, purpose-driven individuals and contribute yourexpertisein credit underwriting and portfolio management with a specialized lens on real estate finance.

This is a

Full-time, Permanent role based at the Vancity Community Investment Bank head office location and your Ontario based home officeand will report directly to the Senior Manager, Commercial Real Estate. While this position provides a hybrid work arrangement, you will be expected to be in office for events and business demands

How You'll Make an Impact:

Completing underwriting analysis of commercial mortgage transactions for term and construction facilities, for both conventional and CMHC insuredloans

Assessing suitability, reviewing risks, and completing due diligence requirements on transactionsin accordance withrisk appetiteand CMHC guidelineswhere required

Preparing and issuing commitment letters, amendments, renewals, and other client-facing documents

Completing loan renewals and annual reviews

Completing and submitting CMHC Loan Applications

Supporting adherence to commercial credit policy, standards,



and guidelines

Maintaining consistent,objective, and sound risk assessments in a service-oriented environment

Providing guidance and decision-making support to origination teams to solve problems

Collaborating with colleagues across teams to improve underwriting systems and maximize effectiveness

WhatYou’llBring tothe Team

Bachelor’s degree and/orMaster’s degree in business, economics, finance, or related field

Minimum of5years of real estate financing or related experience

Knowledge of the commercial real estate market and interest in advancing social purpose and sustainable real estate

Experience in commercial credit underwriting with strong business and financial analytical skills

Strongwritten communicationskills

Business banking, CMHC financing and project financeexperience an asset

You’llThrive Here If You Are:

Analytical – You enjoy solving complex problems and making sound decisions

Cooperative – You work effectively with colleagues and build strong relationships

Adaptable – You thrive in a fast-paced, changing environment

Resourceful – Youleverageavailable resources to develop solutions independently

Purpose-driven – You are passionate about advancing social and sustainable real estate

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skillsdon'tperfectly align with those listed.

What You’ll Earn

This role offers a salary range of $85,000

to $95,000 per annum.

The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

WhyYou’llLove Working Here

A career at Vancity is more than just ajob,you’rejoining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay,



we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

Living Wage Employer :We’rethe largest private-sector Living Wage Employer in Canada and consistently ranked among Canada’s Top Employers.

Customizable Benefits : Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.

Generous Vacation : New employees start with 3-4 weeks of vacation per year, withadditionaldays earned over time.

Extra Stat Holidays : In addition to BC’s 11statutory holidays, we offer2extra days, plus care days for personal or family illness.

Immediate Health Coverage : Health and dental benefits begin on your hire date, with three levels of coverage to choose from.

Defined Benefit Pension : Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone.

Vancity Talent Programs

Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous, Black, or Trans. With special permission from the BC Human Rights Commissioner, this initiative provides access to career development opportunities, prioritized job screening, and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative, in line with the BC Personal Information Protection Act (PIPA).

For details, please see our dedicated Talent Programs job posting.

At Vancitywe’recommitted to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can trulyrepresent, understand and respond to our community needs and deliver on our member experience.

We arealsocommitted to an inclusive, barrier-freeand accessible recruitment experience for all candidates. If yourequireany accommodations or support at any stage of the recruitment process (including the application stage), we encourage you to let us know by contacting our Talent Acquisition team at [email protected]’rehere to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality, so you canparticipatefully in the process.

If you would like this job posting in a large print (18 pt) format or other accessible format, please contact us at [email protected].

📌 Underwriter Commercial Real Estate (Toronto)
🏢 Vancity
📍 Toronto