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The Role
Underwrite commercial real estate loan opportunities by analyzing borrower and sponsor financials, property valuations, market data, collateral, risks, and sensitivities. Build financial models, coordinate due diligence with internal and external stakeholders, recommend risk mitigants, support loan renewals and modifications, and contribute to process improvements. The role is office-based in Vancouver with occasional travel.
Summary Generated by Built In
The Opportunity
Trez Capital is seeking an Associate, Credit Risk & Underwriting to evaluate and underwrite commercial real estate loan opportunities. This role provides an opportunity to deepen your expertise in real estate markets and credit risk while taking on increasing responsibility and autonomy.
Reporting to the Managing Director, Underwriting & Asset Management, you will work closely with internal teams and external stakeholders to assess loan opportunities, identify key risks, complete financial analysis, and support informed lending decisions.
What You’ll Do- Conduct comprehensive credit risk assessments of commercial real estate loan opportunities.
- Collect and analyze due diligence materials and relevant market data.
- Coordinate with borrowers, lawyers, appraisers, engineers, and other third-party professionals throughout the underwriting process.
- Identify key risks and recommend appropriate mitigants.
- Evaluate the financial position of borrowers and sponsors, highlighting strengths and areas requiring further investigation.
- Build financial models using property-level information, including appraisals, project budgets, and profitability assumptions, to calculate key risk metrics.
- Perform sensitivity analysis on key financial metrics.
- Analyze the competitive market position of properties using comparable rents, sales data, absorption, growth, market trends, and demographic information.
- Conduct appropriate due diligence on financial sponsors and key management.
- Assess collateral strength using property condition assessments, environmental reports, and other supporting reports.
- Select appropriate market comparables for property valuation and conduct site inspections and reviews when required.
- Collaborate with Origination, Credit Committee, Commercial Mortgage Funding, Asset Management, and Loan Accounting.
- Assist with loan renewals and modifications, including additional underwriting as required.
- Recommend process improvements that streamline workflows and enhance team productivity.
- Stay informed about best practices and industry developments in commercial mortgage lending.
- A bachelor’s degree in commerce or business administration; a major in Urban Land Economics, Real Estate, including land law, or Finance is preferred.
- The ability to obtain a Mortgage Broker Licence within nine months of starting the role.
- Strong knowledge of real estate and finance.
- Excellent analytical and problem-solving skills, with close attention to detail.
- Strong organizational skills and the ability to manage multiple priorities in a fast-paced environment.
- Excellent written and verbal communication skills.
- Strong interpersonal skills and the ability to build positive working relationships.
- A customer-focused, results-driven approach.
- The ability to work independently and collaboratively.
- Proficiency in Microsoft Word and Excel.
- A demonstrated commitment to high performance and quality work.
You will demonstrate Trez Capital’s values of Trust, Respect, Excellence, and Zest through professional conduct, collaboration, accountability, and a commitment to high-quality work.
You will protect confidential information, comply with company policies and procedures, and act in the interests of the business, its people, borrowers, investors, and other stakeholders.
This is a full-time, office-based opportunity in Vancouver with occasional travel.
Compensation and Benefits
The expected base salary range for this role is $80,000 to $100,000 annually, plus eligibility for a discretionary bonus. Trez Capital also offers health and dental benefits, RRSP matching of up to 5%, and three weeks of vacation.
Recruitment Agencies
Trez Capital does not accept unsolicited candidate submissions from recruitment agencies or third-party recruiters. Please do not submit résumés or candidate profiles for this position without a current written agreement and prior authorization from Trez Capital’s Human Resources team.
Skills Required
- Bachelor’s degree in commerce or business administration
- Ability to obtain a Mortgage Broker Licence within nine months of starting
- Strong knowledge of real estate and finance
- Strong analytical and problem-solving skills with close attention to detail
- Strong organizational skills and ability to manage multiple priorities
- Excellent written and verbal communication skills
- Strong interpersonal and relationship-building skills
- Customer-focused and results-driven approach
- Ability to work independently and collaboratively
- Proficiency in Microsoft Word and Excel
- Demonstrated commitment to high performance and quality work
- Major in Urban Land Economics, Real Estate including land law, or Finance
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The Company
What We Do
Trez Capital is a diversified real estate investment firm and a leading non-bank provider of private commercial real estate debt and equity financing in Canada and the United States. Founded in 1997, it provides flexible short- to mid-term financing to developers and property owners, while offering private and institutional investors access to mortgage investment funds and other secured, opportunistic real estate investment strategies.
