Commercial Mortgage Underwriter (Contract)

Job Description

What is the opportunity? 

This position is responsible for the assessment and underwriting of exiting funded commercial mortgages. The position will prepare commercial mortgage review credit forms applying market information to specific transactions, analyzing and stabilizing property operating statements and analyzing borrower financials.   In addition, this position will also have some exposure to new originations. 

What will you do?

• Responsible for ongoing monitoring of various size commercial mortgages in the portfolio.  Includes contact with borrower or intermediary to successfully obtain current information
• Responsible for increases, assumptions and any other relevant changes to the existing assigned portfolio
• Analyze third party reports including Environmental Site Assessments, Appraisals and Building Engineering Reports.  Challenge conclusions where necessary and appropriate
• Develop and maintain relationships with RBC Commercial Mortgage Managers, Regional Vice Presidents, and RBC Account Managers across Canada
• Prepare and issue commitment letters or extension letters and other documents with terms and pricing in accordance with the risk and specifics of each commercial mortgage

What will you need to succeed? 

• 2 to 3 years of experience in commercial mortgage underwriting
• Excellent analytical and communication skills
• Ability to work well in teams
• Strong verbal and written communication skills
• Drive to learn and grow
• Strong application software skills (Excel and Word)

Special Conditions

Please note this is a 12 month contract with possibility for permanent position.

What’s in it for you?

Whether it’s developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, at RBC you have everything you need at your fingertips to build your career and life.

• Working with an award-winning team Awards | RBC Diversity & Inclusion
• A comprehensive Total Rewards package that prioritizes your overall wellbeing, including flexible and modern benefits, competitive compensation and stock options
• Work where you belong as part of a supportive, inclusive team and company that celebrate your unique perspectives, background and experience and want you to bring your whole self to work, every day.
• Leaders who are invested in your success and provide opportunities to learn, to grow and to try new things. Develop new skills, sharpen existing ones and explore paths you never knew existed with a host of learning programs and tools designed to support you in every phase of your career.
• An opportunity to have real impact on the lives of our clients and the communities you serve.
• RBCI software tools to boost your productivity 

Job Skills

Additional Job Details

Address:

City:

Country:

Work hours/week:

Employment Type:

Platform:

Job Type:

Pay Type:

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.