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Underwritter

  • Laval, QC, Canada

Full-time

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Job details

Job type
Full-time
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Posting language
English
Posted

Original job description

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

This role sits within Laurentian Bank.

Responsibilities

As a member of the Business Services team, the incumbent will be asked to assimilate the knowledge required for understanding, preparing and drafting commercial credit files. He/she will assist the Senior Manager in managing finance portfolio risk.

By participating in business model analysis, financial analysis, risk analysis and guarantee assessments, the incumbent will serve as a key resource for the Account Manager, Business Development, and his/her Assistant Vice President.

The Underwriter, Will Have To Complete The Following Tasks

  • Complete the underwriting of new transactions and conduct annual reviews of files and amendments within the prescribed deadlines
  • Enter the client's financial statements and financial projections in the risk rating calculator
  • Perform financial analyses based on financial statements and financial projections, perform sensitivity analyses and make comparisons with industry standards for this business segment
  • Identify and analyze risks associated to client activities
  • Follow up on irregularities in client portfolios
  • Follow up on the implementation of securities in accordance with credit authorization conditions
  • Participate in meetings or conference calls with clients
  • Be involved in the integrity and compliance processes (Code of Conduct, internal policies)
  • Perform the work according to the practices, policies and specific goals, while complying with current legislation and the Bank's policies, programs and processes

Qualifications

  • University education in a relevant field and at least three to five years of experience
  • Superior writing skills
  • Ability to work in a team
  • Positive attitude
  • Proven intellectual curiosity and critical-thinking skills
  • Keen interest for finance and good analytical skills
  • Knowledge of the Office Suite of applications

What Laurentian Bank Has To Offer You

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

  • The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
  • Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
  • Work model: We prioritize a hybrid work model based on business needs.
  • Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. As and extra perk, you also get a day off to celebrate your birthday.
  • Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
  • Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
  • Financial benefits: Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

We also use artificial intelligence (AI) tools during parts of our recruitment process to support fair and efficient hiring decisions.
More about this job

Responsibilities

Underwrite new commercial credit transactions, complete annual file reviews and amendments, and analyze financial statements, projections, business models, and client risks. Support portfolio risk management by monitoring irregularities, verifying securities against credit authorization conditions, participating in client discussions, and following the Bank’s compliance requirements.

Requirements

Requires university education in a relevant field and three to five years of experience. Candidates should have strong writing and analytical skills, critical thinking, intellectual curiosity, a positive attitude, teamwork ability, an interest in finance, and knowledge of Microsoft Office applications.

Skills

  • Commercial Credit Underwriting
  • Financial Analysis
  • Financial Modeling
  • Risk Analysis
  • Credit Risk Assessment
  • Sensitivity Analysis
  • Business Model Analysis
  • Financial Statement Analysis
  • Portfolio Risk Management
  • Guarantee Assessment
  • Credit File Preparation
  • Critical Thinking
  • Written Communication
  • Microsoft Office
  • Teamwork
  • Compliance

Benefits

  • Performance-Based Bonuses
  • Paid Vacation
  • Floating Days
  • Leave Options
  • Birthday Day Off
  • Healthcare Access
  • Employee and Family Assistance Program
  • Stress Management and Well-Being Program
  • Group Insurance
  • Preferred Rates on Products and Services

Visa sponsorship

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Categories

  • Finance & Accounting

Keywords

  • Commercial Credit
  • Credit Underwriting
  • Credit Files
  • Annual Reviews
  • Credit Amendments
  • Financial Statements
  • Financial Projections
  • Risk Rating Calculator
  • Financial Analysis
  • Sensitivity Analysis
  • Industry Standards
  • Business Model Analysis
  • Risk Analysis
  • Portfolio Risk
  • Guarantee Assessment
  • Securities
  • Credit Authorization
  • Client Portfolio Monitoring
  • Compliance
  • Code of Conduct
  • Internal Policies
  • Microsoft Office

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