Senior Underwriter, Commercial Insurance (Toronto)

Full time | Mid-Senior Level | Reports to the Senior Manager, Underwriting Reporting to the Senior Manager, Underwriting, the Senior Underwriter is responsible to assess and evaluate loan applications and creditworthiness of borrowers to determine the level of risk associated with granting loans. Conduct thorough analysis of loan applications, financial statements, credit reports, and other relevant documents to assess borrowers’ creditworthiness. Evaluate the risks associated with the loan requests and make informed decisions based on established underwriting guidelines. Evaluate financial statements, income documentation, and collateral to determine the level of risk involved in granting loans. Ensure compliance with regulatory requirements, internal policies, and lending guidelines. Present loan recommendations and credit proposals to senior management or credit committees. Provide explicit justifications for credit decisions, highlighting the risk factors and mitigants, as well as alternative options, if applicable. Share your knowledge and expertise with junior underwriters and team members. Provide guidance on complex loan structures, regulatory changes, and best practices in underwriting. Bachelor’s degree in Finance, business administration, or a related field. Minimum 10 years’ experience in residential mortgage lending and underwriting within the banking industry. In-depth knowledge of lending regulations, credit risk assessment methodologies, and underwriting principles. Strong analytical skills with the ability to interpret financial statements, credit reports, and other relevant financial data. Familiarity with credit scoring models and underwriting software/systems. Attention to detail and strong problem-solving abilities to identify risks and propose effective solutions. Understanding of economic trends, industry analysis, and market dynamics to assess the potential risks in loan portfolios. At WealthONE, our people are our greatest asset. Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home. Share in our collective success with a competitive salary, incentive pay, and excellent health benefits program. The role requires a minimum of 2 in-office days. Apply on Kit Job: kitjob.ca/job/2prfn3