Senior Analyst, Commercial Renewals
Top Benefits
About the role
We are hiring a Senior Analyst, Commercial Renewals! Reporting To Senior Director, Commercial Renewals& Assumptions
Full-Time/Part- Time Full-time
Posting Date June 5, 2025
Closing Date June 19, 2025
Hours Of Work 8:30 a.m. – 5:00 p.m.
Grade Office Location:
14.3
Downtown Toronto
Great location! Steps away from the main public transit station
What We Offer Highly competitive compensation package which includes base salary, bonus, benefits, and career advancement opportunities!
- Eligibility for benefits is dependent on the terms of employment
The Opportunity The Senior Renewals & Assumption Analyst is responsible for overseeing the processing of Commercial Mortgage Renewals, Assumptions & Investor Sales, in accordance with company policies and procedures. The Senior Renewals Analyst will be responsible to review and approve transactions processed by Renewals Analyst for completeness and assist with the renewals team general reporting requirements to all parties.
How You Will Contribute
- Ensure maturing loans up for renewals, assumptions and investor sales are processed in a timely manner in line with company policies and procedures.
- Perform a complete review of renewal and assumption underwriting binder and commitment letter.
- Liaise with solicitors, insurance consultants, investors, originators and all parties associated with each transaction to ensure all First National requirements are satisfied and our files (paper & paperless) are updated accordingly.
- Responsible for accurately processing all loan details onto mortgage system (including clear meaningful notes) as needed, from various source documents, including e-mails, commitment letter, CMHC special conditions, underwriting binder, legal documents etc. in compliance with policies & procedures.
- Maintain details on several reports that are being used on a daily
- Responsible for assisting with training of new staff within the renewals team
- Responsible for the daily review and approval of Renewal, Assumption and Investor sales transactions processed by other members within the team.
- Performed a complete check on specific CMHC files for accuracy prior to MBS Securitization and communicate directly with Securitization Department to ensure commercial files meet pooling requirements
- Assist with Anti-Money Laundering Legislation/Anti-Terrorist Legislation including Down Payment Verification review, as required
- Review cheque requisitions, adjustment, deposits, globals, investors capital call etc. and recommend requests to Management for approval
- Provide back up in the absence of other analysts within the team
- Complete special projects as assigned by Management
The Experience You Need
- Post secondary education
- 4 or more years’ experience in the mortgage/financial industry
- Experience working with the Optimus system a definite asset
- Proficient in Microsoft Office applications, specifically Word and Excel
- Good understanding of mortgage security documentation
- Prior experience processing mortgage assumptions, renewals and/or new loan transactions an asset
- Good Understanding of the AML and Down Payment Verification requirements an asset
- Extremely organized and detail oriented
Working Environment And Physical Demands Analysis
- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
Why join First National?
- Competitive Compensation
- Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
- Hybrid working environment
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year
The Team You’ll Join Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted. First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at accessibility@firstnational.ca should you need an accommodation at any point in the recruitment process.
#FNLOON
About First National Financial
First National Financial LP is Canada's largest non-bank lender, originating and servicing both residential and commercial mortgages. As the leading lender of CMHC and conventional mortgages, First National currently has more than $120 billion in mortgages under administration.
We apply ingenuity when developing financing solutions with clients and brokers, relying on our broad product lineup, expertise, network and spirit to take smart risks. We execute quickly and competitively, but we go beyond that traditional approach to service to provide value beyond rate, market education, business development opportunities and true enabling technology.
First National Financial LP FSRA License Nos. 10514 & 11252
Financière First National S.E.C., le plus important prêteur non bancaire au Canada, est un initiateur et un fournisseur de services de prêts hypothécaires résidentiels et commerciaux. En tant que plus important prêteur proposant des prêts hypothécaires assurés par la SCHL et des prêts hypothécaires standard, First National gère actuellement plus 103 milliards de dollars en prêts hypothécaires.
En collaboration avec nos clients et nos courtiers, nous élaborons des solutions de financement ingénieuses grâce à notre large éventail de produits, à notre savoir-faire et à notre solide réseau, tout en sachant prendre des risques calculés. Notre exécution est toujours rapide et concurrentielle, mais nous allons au-delà de cette approche conventionnelle afin d'offrir une proposition de valeur dépassant les taux ainsi que de l'information sur les marchés, des occasions de prospection de clientèle et une véritable technologie habilitante.
Financière First National S.E.C. Permis nos 10514 et 11252 de la ARSF
Senior Analyst, Commercial Renewals
Top Benefits
About the role
We are hiring a Senior Analyst, Commercial Renewals! Reporting To Senior Director, Commercial Renewals& Assumptions
Full-Time/Part- Time Full-time
Posting Date June 5, 2025
Closing Date June 19, 2025
Hours Of Work 8:30 a.m. – 5:00 p.m.
Grade Office Location:
14.3
Downtown Toronto
Great location! Steps away from the main public transit station
What We Offer Highly competitive compensation package which includes base salary, bonus, benefits, and career advancement opportunities!
- Eligibility for benefits is dependent on the terms of employment
The Opportunity The Senior Renewals & Assumption Analyst is responsible for overseeing the processing of Commercial Mortgage Renewals, Assumptions & Investor Sales, in accordance with company policies and procedures. The Senior Renewals Analyst will be responsible to review and approve transactions processed by Renewals Analyst for completeness and assist with the renewals team general reporting requirements to all parties.
How You Will Contribute
- Ensure maturing loans up for renewals, assumptions and investor sales are processed in a timely manner in line with company policies and procedures.
- Perform a complete review of renewal and assumption underwriting binder and commitment letter.
- Liaise with solicitors, insurance consultants, investors, originators and all parties associated with each transaction to ensure all First National requirements are satisfied and our files (paper & paperless) are updated accordingly.
- Responsible for accurately processing all loan details onto mortgage system (including clear meaningful notes) as needed, from various source documents, including e-mails, commitment letter, CMHC special conditions, underwriting binder, legal documents etc. in compliance with policies & procedures.
- Maintain details on several reports that are being used on a daily
- Responsible for assisting with training of new staff within the renewals team
- Responsible for the daily review and approval of Renewal, Assumption and Investor sales transactions processed by other members within the team.
- Performed a complete check on specific CMHC files for accuracy prior to MBS Securitization and communicate directly with Securitization Department to ensure commercial files meet pooling requirements
- Assist with Anti-Money Laundering Legislation/Anti-Terrorist Legislation including Down Payment Verification review, as required
- Review cheque requisitions, adjustment, deposits, globals, investors capital call etc. and recommend requests to Management for approval
- Provide back up in the absence of other analysts within the team
- Complete special projects as assigned by Management
The Experience You Need
- Post secondary education
- 4 or more years’ experience in the mortgage/financial industry
- Experience working with the Optimus system a definite asset
- Proficient in Microsoft Office applications, specifically Word and Excel
- Good understanding of mortgage security documentation
- Prior experience processing mortgage assumptions, renewals and/or new loan transactions an asset
- Good Understanding of the AML and Down Payment Verification requirements an asset
- Extremely organized and detail oriented
Working Environment And Physical Demands Analysis
- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
Why join First National?
- Competitive Compensation
- Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
- Hybrid working environment
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year
The Team You’ll Join Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted. First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at accessibility@firstnational.ca should you need an accommodation at any point in the recruitment process.
#FNLOON
About First National Financial
First National Financial LP is Canada's largest non-bank lender, originating and servicing both residential and commercial mortgages. As the leading lender of CMHC and conventional mortgages, First National currently has more than $120 billion in mortgages under administration.
We apply ingenuity when developing financing solutions with clients and brokers, relying on our broad product lineup, expertise, network and spirit to take smart risks. We execute quickly and competitively, but we go beyond that traditional approach to service to provide value beyond rate, market education, business development opportunities and true enabling technology.
First National Financial LP FSRA License Nos. 10514 & 11252
Financière First National S.E.C., le plus important prêteur non bancaire au Canada, est un initiateur et un fournisseur de services de prêts hypothécaires résidentiels et commerciaux. En tant que plus important prêteur proposant des prêts hypothécaires assurés par la SCHL et des prêts hypothécaires standard, First National gère actuellement plus 103 milliards de dollars en prêts hypothécaires.
En collaboration avec nos clients et nos courtiers, nous élaborons des solutions de financement ingénieuses grâce à notre large éventail de produits, à notre savoir-faire et à notre solide réseau, tout en sachant prendre des risques calculés. Notre exécution est toujours rapide et concurrentielle, mais nous allons au-delà de cette approche conventionnelle afin d'offrir une proposition de valeur dépassant les taux ainsi que de l'information sur les marchés, des occasions de prospection de clientèle et une véritable technologie habilitante.
Financière First National S.E.C. Permis nos 10514 et 11252 de la ARSF