The Work:
To assist with the Portfolio team with the processing of sub-advances and ad-hoc requests. The Intern will be trained on reviewing Quantity Surveyor reports in order to complete sub-advance worksheets.
The Core Responsibilities of The Job:
- 60% on a daily basis, the Intern will assist with processing subadvances and will analyze and underwrite CFG commercial mortgage loans. Time will be divided between the two areas as business demands are required. Attention must be made to ensure that compliance with the company’s established lending guidelines and procedures are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner.
- 10% on a daily basis, the incumbent will communicate with external contacts (partners, solicitors, etc.) and internal contacts (coordinators, managers, administrators, etc.) to ensure mortgage loan transactions are processed in a timely and efficient manner in order to deliver superior customer service and meet required funding deadlines.
- 10% on a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines.
- 20% on a weekly basis, the Intern will assist with various credit-related and administrative duties such as reporting, pipeline management and ad-hoc projects.
Let's Talk About You!
- Currently enrolled in University or College program (Finance, Business, Accounting or Economics is preferred)
- Demonstrated ability using MS Office (Excel, PowerPoint, and Word)
- Strong organizational skills and demonstrated ability to work under pressure and adhere to tight deadlines
- Strong attention to detail
- Strong analytical skills
- Excellent oral and written communication skills with the ability to respond in a clear, concise and professional manner
- Ability to handle multiple competing priorities
- Ability to work in a fast-paced environment
How to Submit Your Application!
- Your application must include your resume, cover letter and unofficial transcript. Applications submitted incorrectly will not be considered.
- You MUST be a student currently enrolled in school to be eligible to apply.
- The application deadline date to Apply is Jan 13th 2025. After this date, the posting will be closed!
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What We Do
MakeBank on everyday banking: Earn high interest on every dollar Say no to fees No minimum balances Powered by Equitable Bank, a Schedule I Canadian Bank EQB Inc. (formerly Equitable Group Inc.) trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C), directly serves over 607,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™, and serves over 200 Canadian credit unions that serve over 6 million of their members with products and services. Equitable Bank has grown to become Canada's 7th largest independent Schedule I bank with over a $119 billion in assets under management and assets under administration, and a clear mandate to drive real change in Canadian banking to enrich people's lives. At Equitable Bank, we are as invested in our employees as we are in our business. That’s why we are consistently recognized as one of Canada's Top Employers – a rating that comes from our 1,800 employees. Equitable Bank’s inclusive, welcoming, and pride-inducing workplace earned it the honour of being recognized as one of the top 50 organizations on the 2023 list of Canada’s Best Workplaces™. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking, and through its EQ Bank platform (eqbank.ca), which has been named #1 Bank in Canada for three consecutive years on the Forbes World's Best Banks list for 2021, 2022, and 2023. Equitable Bank website: www.equitablebank.ca EQ Bank website: www.eqbank.ca Specialties Lending, Mortgages, Residential Lending, Commercial Lending, Reverse mortgages, Insurance lending, Equipment leasing , Credit Union, Trust, and Funds Management