We have a lot to be proud of at Nicola Wealth. Our sophisticated financial planning, our diversified private investment funds and their exceptional performance, our 99% client retention rate and our award-winning culture, combine to position us as a national leader in wealth management. Recognized as a Best Managed Company and one of Canada’s Top Employers, we are dedicated to upholding our firm’s values through this phase of significant growth.
By bringing together smart, dedicated and supportive colleagues from diverse backgrounds, we deliver extraordinary client service in a values-driven work environment. The collaboration, creativity and entrepreneurial spirit we were founded on provides the opportunity for you to make a real impact and build a rewarding career. We are passionate about our business, our culture and investing deeply in your growth and development to build for the future. If you have this same drive, then let’s talk!
About the Team:
We are looking for an experienced and motivated individual to join our Mortgage Investments Team. This is an exciting opportunity to join a small team responsible for managing our mortgage investment funds with significant additional growth expected in the coming years. The Mortgage Investments team invests $1.2 billion of our client funds in commercial mortgage loans primarily in Canada and also the United States.
Purpose of the Role:
The qualified candidate will review and underwrite new commercial mortgage investment opportunities, review due diligence and pre-funding conditions, prepare investment summaries and reports, assist with managing our growing mortgage investment portfolio, and help execute our growth plans, in addition to other related duties. This position is located at our head office in Vancouver, BC.
Core Responsibilities:
- Reviewing and analyzing new commercial mortgage loan opportunities, renewals, and prepayments
- Underwriting commercial property values
- Investigating and identifying potential areas of credit risk relating to new commercial mortgage loans (including the borrower, property, market, etc.)
- Preparing detailed written credit/investment summaries
- Assist in the ongoing financial monitoring, review, and analysis of existing mortgage loans
- Preparing regular and ad-hoc reports
- Communicate clearly with internal and external stakeholders
- Work in alignment with corporate objectives, investment guidelines, and risk tolerances
- Keep up-to-date with evolving policies and procedures
- Stay abreast of commercial real estate and mortgage industry news and trends
- Perform other duties as required
Required Skills & Qualifications:
- Minimum of 7+ years of directly relevant work experience in a commercial mortgage related role
- Strong understanding of commercial real estate underwriting and valuation methods with a focus on income producing asset classes
- Experience writing clear, detailed reports incorporating facts and figures with a high level of technical proficiency and attention to detail is required
- Knowledge of the Canadian commercial mortgage market is required
- Knowledge of the U.S. commercial mortgage market is considered an asset
- A high proficiency in MS Excel, Word, Outlook, and PowerPoint including analyzing and presenting data with sophisticated charts & graphs
- Strong command of written English language is mandatory
- Completion of a Bachelor’s degree or relevant degree in commerce, real estate, economics or finance
- AACI, CFA, CA, CAIA, or CPA considered an asset
- The ability to be registered as a Submortgage Broker in British Columbia within 6 months is required
- Legally eligible to work in Canada for any employer
Additional Skills & Qualifications:
- Capable of handling competing priorities and sensitive to strict timelines, which may include working outside normal business hours
- The ability to work as part of a team, as well as individually
- The confidence to adapt to change
- Ability to work in a dynamic and fast paced, deadline driven environment
- Ability to focus on complex tasks for long periods of time with competing priorities and deadlines
- Ability to maintain professionalism and collaboration under pressure
Compensation & Benefits Package:
This position comes with a base salary range of $150,000 - $170,000 plus a competitive performance bonus, and participation in our Asset Management profit-sharing program. Base salary will be commensurate with experience, skills, and qualifications.
At Nicola Wealth, our people grow our business, delight our clients, and live our values every day. Our comprehensive compensation and benefits package reflects our appreciation for this commitment. Whether it’s participating in our profit sharing and benefit programs on day one, or the opportunity to participate in our share ownership program, our people are able to go beyond a conventional salary and bonus structure. To learn more about our complete package, visit: www.nicolawealth.com/total-rewards.
Please include both a cover letter and resume in support of your application. We are an inclusive, equal opportunity employer. For more information about this and other roles: www.nicolawealth.com/careers.
It is our priority to remove barriers to provide equal access to employment. Should you require reasonable accommodation during the recruitment process please contact us at [email protected] and we will work with you to meet your needs. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Nicola Wealth policies.
Thank you for your interest in a career with Nicola Wealth!
