Analyst Jobs

Working together to be our best!

First National is Canada’s largest non-bank lender, originating and servicing both commercial and residential mortgages since 1988. Over the past thirty years, we have been committed to hiring the best and brightest with over 1,000 proud team members. Through cooperation, ongoing coaching, development opportunities and a culture that celebrates both hard work and teamwork, First National team members are supported to lead, learn and grow.

If you are ready to join First National’s dynamic team, while working hard and having fun doing it, we invite you to apply online and let us know how you can be part of our success story.

We are hiring an Analyst, Commercial Mortgages!

Reporting To: Assistant Vice President, Commercial Financing

Full-Time/Part- Time: Full-time

Posting Date: June 26, 2023

Closing Date: July 10, 2023

Hours of Work: 8:30 a.m. – 5:00 p.m.

Grade: 5

Office Location: Vancouver – Hybrid, flexible work arrangement. Great location! Steps away from the main public transit station

What 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 employment

The Opportunity:

The Analyst 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.

• Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
• Analyze 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 pricing
• Monitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed
• Develop and analyze construction/development pro-formas of various multi-unit housing type projects
• Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
• Adhere to policies /procedures to ensure AML requirements are met, when applicable.
• Review 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 conditions
• Perform other duties as necessary to support the goals and objectives of the commercial mortgage division
• Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met

The Requirements Needed:

• Knowledge of applicable real estate lending regulations
• Experience in financial analysis (i.e. balance sheet, income statement)
• Preferred experience in construction finance, development industry, private equity, cost consulting, or accounting with a real estate focus
• Results oriented and highly motivated
• Able to work with minimum supervision
• Familiarity with principles of property valuation and the construction process
• Strong interpersonal communication skills
• Undergraduate Degree with focus in a Finance related discipline
• Self-starter
• Advanced PC skills, with an emphasis on Word and Excel
• Organizational skills to manage several ongoing and competing tasks simultaneously
• Knowledge of the regulations related to real estate loans
• High degree of consistent accuracy and attention to detail
• 2-3 years’ experience in a relative role preferred but will look at candidates with less or more experience if a fit can be determined

In accordance with the British Columbia Financial Services Authority (BCFSA), if a successful candidate is not already licensed, upon starting with First National, they will be registered for the applicable educational courses and upon successful completion of the exam, First National will register them with BCFSA to complete the licensing process.

Why join First National?

• Opportunities to give back to the communities and work through events focused on a variety of charities
• Supportive teamwork focused environment
• Collaborative entrepreneurial spirit
• Large kitchens with a coffee and latte maker to enjoy at no cost
• Bright open concept office environment
• Ongoing social events throughout the year
• Extensive training programs to set our employees up for success

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 or any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at [email protected].

We would like to thank all applications for their interest, but only candidates selected for an interview will be contacted.