Overview:
We are seeking a dynamic and experienced Commercial Financing Manager to join our team. The ideal candidate will be responsible for overseeing all commercial financing activities.
Responsibilities:
- Negotiate and manage loan agreements with investors and lenders including debt and equity on land loans, new construction loans, term loans and loan renewals.
- Ensure timely compliance with investors and lender requirements.
- Coordinate and manage interactions with lawyers, lenders, investors, and originators.
- Review and interpret loan documentation.
- Prepare business cases and shareholder recommendations for approval.
- Create PowerPoint presentations for shareholders on acquisition opportunities, market data and new development projects.
- Build rent rolls, financing models, pro formas, and budgets based on company or appraiser data.
- Liaise with outside legal counsel and Asset Management departments.
- Provide requested documents to lenders and mortgage brokers during underwriting and post-close covenants.
- Coordinate closings, new financing and refinancing with Finance, Investor Relations, and Acquisitions.
- Communicate with Operations teams post-financing approval.
- Enter data into cloud-based tools (e.g., Google Drive, Yardi).
- Monitor the market to identify opportunities and threats.
- Identify and manage risks using appropriate risk management techniques.
- Develop new relationships with investors and lenders by participating in industry events
- Help coordinate equity raise between Shareholders and lenders
- Evaluate refinancing opportunities with a focus on growth and reinvestment potential.
- Consistently monitor current portfolio financing structure as well as a construction project debt structure and restructure
- Participate in legal structuring for new developments coordinating with accountant, tax specialist and legal counsel
- Participate in managers' meetings and monthly reporting to shareholders
Qualifications:
- Proficient in English and French, both verbal and written.
- Undergraduate degree in Business Administration, Finance, Accounting, or equivalent work experience in financial services. MBA, CMA, CFA, or CA is an asset.
- Excellent knowledge of commercial real estate, particularly income-producing real estate (multi-family).
- Strong customer focus with the ability to build positive relationships with stakeholders.
- Proven ability to prioritize work, and manage multiple deadlines effectively.
- Accountability, dependability and strong attention to detail.
- Knowledge of CMHC and residential lending practices.
- A high degree of integrity, diplomacy, and confidentiality.
- Proactive, self-motivated, and capable of working independently.
- Excellent communication skills.
- Proficient in Microsoft Office (Word/Excel) and Adobe.
- Comfortable with learning new computer systems and technologies.
- Valid driver’s license and access to a car.
If you are a strategic thinker with a passion for driving business success through effective commercial strategies, we invite you to apply for the Commercial Manager position. You will enjoy our new office, great team and more added perks!
Job Types: Full-time, Permanent
Pay: $80,000.00-$120,000.00 per year
Benefits:
- Dental care
- Disability insurance
- Employee assistance program
- Extended health care
- Life insurance
- On-site gym
- On-site parking
- Paid time off
- RRSP match
- Vision care
- Wellness program
Schedule:
- 8 hour shift
- Monday to Friday
- Weekends as needed
Work Location: In person
Application deadline: 2024-08-09
