Job Description
Company Profile Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company. Position Overview The VP, Commercial Underwriting leads a group of underwriting and administrative professionals, ensuring adjudication of mortgage applications are in accordance with prudent lending practices and commercial lending principles. Assessing risk and ensuring all applications adhere to both quality and service standards remain the overarching focus for this role through coaching and mentoring their respective team. In addition to the above, the VP will have authorization limits consistent with their individual experience. Position Responsibilities On every transaction, review, assess, suitability, risks & complete due diligence requirements, and adjudicate commercial mortgage transactions in accordance with Home Trust’s risk appetite using appropriate level of delegated lending authority for decisions. Hands-on leadership approach to make prudent credit decisions on complex mortgage files and escalate to required authority. Maintain a pipeline of all transactions and a list & files of all transactions amended or declined or approved. Complete the approval and underwriting of files assessed within the target amount of time. Lead and manage direct reports by providing direction, coaching, and training as required, recognizing performance and managing non-performance, ensuring individualized objectives for all commercial underwriting and administrative staff is in place and updated as required; acting as a mentor to the commercial underwriting and administrative department. Develop tactical strategies in underwriting to support the overall commercial business strategy and the achievement of objectives by prioritizing workflow, commencing initiatives, and resource planning. Maintain clean OSFI and Internal Audit reports Assist in preparation of annual, quarterly and monthly reports for senior management. Manage special projects or other new initiatives as needed. Participate as a member of the Data Governance Council on a minimum quarterly basis Related Experience 10 years leading a team within mortgage lending In depth understanding of commercial mortgage products Significant experience in adjudicating commercial mortgages Proven track record of industry achievements Demonstrated experience mitigating potential Risk and incorporating compliance activities within the Commercial Mortgage Lending portfolio Acknowledgement All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Customer Complaints Appeals Office (CCAO), Compliance Hotline, Whistleblower Policy, etc). Home Trust is committed to fair and accessible employment practices and we are committed to providing accommodations for persons with disabilities. If you require accommodations in order to apply for any job opportunities, or require this posting in an additional format, please contact us at humanresourceshometrust.ca or 416-360-4663. If you are contacted by Home Trust regarding a job opportunity or testing and require accommodation in any stage of the recruitment process, please use the above contact information. We will work with all applicants to determine appropriate accommodation for individual accessibility needs.