16 York St, Toronto, ON M5J, CanadaJob DescriptionPosted Thursday, August 13, 2026 at 4:00 AM | Expires Friday, September 4, 2026 at 3:59 AMReporting To:Assistant Vice President, Commercial FinancingFull-Time/Part- Time:Full-timeSalary Range:$85,000-$120,000Posting Date:August 13, 2026Closing Date:September 3, 2026Hours of Work:8:30 a.M. - 5:00 p.M.Grade:Office Location:16.2TorontoGreat location! Steps away from the main public transit stationWhat we offer:Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!*Eligibility for benefits is dependent on the terms of employmentThe OpportunityThe Associate Director contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer and investor policies. The role is specific to CMHC, construction and conventional commercial real estate financing requests.How you will contribute:Provide oversight and support to more analysts working directly within the team, including reviewing underwriting, credit applications and loan commitments.Ability to handle complex transactions from start to finish with minimal oversight.Work directly with clients and prospects to gather due diligence, advance relationships and recommend appropriate mortgage solutionsMake decisions on advancement of loan opportunities, complex structuring and creditAnalyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricingReview third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditionsReview conditions and exception requests and prepare recommendations to credit/investors.



Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptionsPrepare loan summary including financial analysis and credit documents to assist in the loan approval processCoordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are metCoordinate with clients and prepare Letters of Interest and Commitment Letters along with managing information flow to ensure smooth loan transactionsDevelop and analyze construction/development pro-forma as of various multi-unit housing type projectsMonitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performedMonitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First NationalAssist from time to time in preparation for prospect and existing client meetingsAssist in training and mentorship of other team membersPerform other duties as necessary to support the goals and objectives of the commercial mortgage divisionAdhere to policies/procedures to ensure AML requirements are met, when applicable.The experience you need:Experience in commercial real estate lending is a mustUndergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline6-7 years’ experience in a relative commercial real estate roleKnowledge of applicable real estate lending regulations is a mustExperience in financial analysis (i.E. balance sheet, income statement)Organizational skills to manage several ongoing and competing tasks simultaneouslyExperience communicating with clients, appraisers, engineers, lawyers, consultants, investors and/or credit committeesStrong understanding of legal documentation, ownership structures and AML requirementsPreferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a commercial mortgage focusFamiliarity with principles of property valuation and the construction processAdvanced PC skills,



with an emphasis on Word and ExcelHigh degree of consistent accuracy and attention to detailAble to work with minimum supervisionResults oriented and highly motivated self-starterBilingualism (French, English) an assetWorking Environment and Physical Demands Analysis:Periods of high volume with tight timelinesLong periods of stationary position/sittingProlonged periods of repetitive movement (i.E. using a keyboard and mouse)Long periods of time in viewing a computer screenMulti-tasking may include speaking to customers on a telephone call while looking up information on a computer program.Competitive CompensationComprehensive benefits program (i.E., Health Spending Account, Maternity and Parental Leave Top Up)Extensive training programs to set our employees up for successModern office environment conducive to collaborationSupportive teamwork cultureOpportunities to give back to the communities and work through events focused on a variety of charitiesOngoing social events throughout the yearThe team you’ll join:Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.First National has been consistently recognized as a outstanding place to work and we are proud that our employee engagement feedback is higher than our industry partners.We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.Artificial Intelligence is not used in our recruitment or hiring process for this role.First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at [email protected] should you need an accommodation at any point in the recruitment process.#J-18808-Ljbffr

📌 Abs Associate Director, Toronto — Credit Research (Winnipeg)
🏢 BMO Financial Group
📍 Winnipeg