Manager, Multi-Family Credit Adjudication
- Burlington, ON, Canada
Hybrid
Salary Range: $81,110 to $111,527 · Full-time
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Job details
- Pay
- Salary Range: $81,110 to $111,527
- Job type
- Full-time
- Workplace
- Hybrid
- Apply by
- Posting language
- English
- Posted
Original job description
Why FirstOntario?
The Manager, Multi-Family Credit Adjudication is a key member of the Commercial Credit team, supporting the department's mandate of providing effective credit risk adjudication and oversight across the commercial lending portfolio. This role delivers professional credit adjudication support, primarily for multi-family, CMHC-insured mortgages originating from FirstOntario's Business Banking Group and through third‑party mortgage origination partnerships.
The position is responsible for delivering credit decisions within established service level standards and with a high level of accuracy, professionalism, and efficiency to support FirstOntario's growth strategy in this segment of commercial lending.
Role
Salary Range: $81,110 to $111,527
Compensation for this role reflects a combination of skills, experience, and internal equity. Those whose experience more closely aligns the role's requirements may be placed higher within the salary range. You will learn more about FirstOntario Credit Union's total rewards package during the interview process.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.
- Competitive compensation packages
- Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and personal spending account
- Enhanced mental health benefits through SunLife and TELUS Health
- Exclusive banking benefits
- Up to $1000 per year towards professional development
- Pension Plan
- Flex-work environment
- Company-wide Employee Volunteer program (Blue Wave Program)
- Employee and Family Assistance Program
The Manager, Multi-Family Credit Adjudication is a key member of the Commercial Credit team, supporting the department's mandate of providing effective credit risk adjudication and oversight across the commercial lending portfolio. This role delivers professional credit adjudication support, primarily for multi-family, CMHC-insured mortgages originating from FirstOntario's Business Banking Group and through third‑party mortgage origination partnerships.
The position is responsible for delivering credit decisions within established service level standards and with a high level of accuracy, professionalism, and efficiency to support FirstOntario's growth strategy in this segment of commercial lending.
Role
- Review, recommend, and approve credit applications within approval authority while ensuring adherence to FirstOntario's lending policies and credit risk framework
- Review and approve commitment letters and renewal documentation for accuracy and completeness
- Review pre-funding documentation and approve loan fundings within established credit procedures and lending authority
- Liaise with third‑party origination partners to maintain strong business relationships
- Effectively review and adjudicate credit applications and monitor third-party servicing activities
- Communicate directly with CMHC, as required according to established CMHC procedures for multi-family lending
- Maintain expert-level knowledge of CMHC multi-family products, lending parameters, credit procedures and other requirements
- Ensure FirstOntario's lending guidelines and procedures are always aligned with CMHC requirements
- Communicate CMHC updates within FirstOntario and support amendments to FirstOntario's guidelines, procedures, tools, etc. as required
- In collaboration with internal and external partners, ensure tools and processes related to CMHC-insured multi-family lending are optimized to supporting the credit union's needs
- Conduct annual audits of third‑party servicing partners
- Support and adhere to all audit, compliance, and internal control requirements
- Communicate clearly, respectfully, and effectively across the organization
- Be aware of enterprise risk management issues as they relate to lending services and bring forward strategic and risk issues for discussion, review and solutions
- Perform other duties as required
- Have a post‑secondary degree or diploma in business, economics, or a related discipline; or an equivalent combination of education and experience
- Have 5 to 10 years of commercial lending experience within the financial services sector, with a specialty in real estate lending
- Have 3 to 5 years adjudication experience in the financial services industry, with a focus on the real estate sector
- Have 3 to 5 years of experience in CMHC-insured multi‑family lending
- Strong analytical and detail‑oriented approach to reviewing credit information, identifying trends, and improving service delivery.
- Have advanced financial statement analysis skills
- Strong negotiating skills and sound judgement in making credit decisions
- Strong organizational and time-management skills, with the ability to manage multiple applications, priorities and deadlines in a process-driven environment
- Collaborative and service-oriented team player committed to providing responsive support to colleagues, stakeholders and partners
- Demonstrated commitment to continuous learning and professional development to maintain and enhance job-related skills and knowledge of industry trends, regulatory requirements and professional standards
- Advanced proficiency in Microsoft Office (Excel and Word)
- Excellent interpersonal skills
- Strong verbal and written communication abilities
- Understanding of risk management principles and compliance requirements, including relevant legislation and regulations related to commercial lending
- Be willing to work flexible hours and travel throughout the region to accommodate business needs, networking and community involvement
Salary Range: $81,110 to $111,527
Compensation for this role reflects a combination of skills, experience, and internal equity. Those whose experience more closely aligns the role's requirements may be placed higher within the salary range. You will learn more about FirstOntario Credit Union's total rewards package during the interview process.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.
More about this job
Responsibilities
Review, recommend, and approve commercial credit applications and related documentation for CMHC-insured multi-family mortgages, including pre-funding reviews and loan fundings. Maintain CMHC lending expertise, manage relationships and audits with third-party partners, and support compliant, efficient credit processes and risk oversight.
Requirements
Requires a post-secondary degree or diploma in business, economics, or a related discipline, or equivalent education and experience. Candidates should have 5–10 years of commercial lending experience, including 3–5 years each in adjudication and CMHC-insured multi-family lending, along with strong financial analysis, judgment, communication, and Microsoft Office skills.
Skills
- Commercial Lending
- Real Estate Lending
- Credit Adjudication
- CMHC-Insured Multi-Family Lending
- Credit Risk Assessment
- Financial Statement Analysis
- Credit Decision-Making
- Negotiation
- Risk Management
- Regulatory Compliance
- Portfolio Oversight
- Audit And Internal Controls
- Microsoft Excel
- Microsoft Word
- Written And Verbal Communication
Benefits
- Health And Wellness Benefits
- Health Spending Account
- Personal Spending Account
- Enhanced Mental Health Benefits
- Exclusive Banking Benefits
- Professional Development Funding
- Pension Plan
- Flexible Work Environment
- Employee Volunteer Program
- Employee And Family Assistance Program
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Management & Leadership
Keywords
- Commercial Credit
- Commercial Lending
- Real Estate Lending
- Multi-Family Mortgages
- CMHC-Insured Mortgages
- Credit Adjudication
- Credit Risk Framework
- Credit Applications
- Credit Decisions
- Financial Statement Analysis
- Commitment Letters
- Loan Renewals
- Pre-Funding Documentation
- Loan Funding
- Third-Party Origination
- Third-Party Servicing
- CMHC Lending Requirements
- Lending Policies
- Credit Procedures
- Service Level Standards
- Partner Audits
- Compliance
- Internal Controls
- Enterprise Risk Management
- Microsoft Excel
- Microsoft Word