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Bank Underwriting Jobs in Quebec (NOW HIRING)

Td

Manager, Commercial Auto Underwriting

Montreal, QC · On-site

CA$132/hr

TD Insurance is part of TD Bank Group, one of Canada's largest financial institutions. TD Insurance ... Reporting to the Senior Manager Product and Underwriting Strategy, this Underwriting Manager will ...

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Bank Underwriting information

What is bank underwriting?

Bank underwriting is the process by which a financial institution evaluates the risk of lending money to a borrower or insuring an individual or asset. Underwriters review credit history, financial information, and other factors to determine whether an applicant qualifies for a loan or insurance and under what terms. This process helps banks minimize risk and maintain sound lending practices. Underwriting can apply to mortgages, personal loans, business loans, and other financial products.

What are the key skills and qualifications needed to thrive as a bank underwriter, and why are they important?

To thrive as a Bank Underwriter, you need a solid understanding of financial analysis, risk assessment, and relevant lending regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with loan origination systems, credit scoring software, and compliance tools is typically required, and certifications like Certified Residential Underwriter (CRU) can be advantageous. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for evaluating complex financial information and explaining decisions. These skills ensure accurate risk evaluation and regulatory compliance, which are critical for protecting the bank's assets and maintaining sound lending practices.

What are some common challenges faced by bank underwriters, and how can they be managed?

Bank underwriters frequently encounter challenges such as assessing incomplete or inconsistent financial information, managing tight deadlines, and balancing risk with customer service. To manage these issues, underwriters rely on strong analytical skills, effective communication with loan officers and applicants for clarification, and staying up-to-date with regulatory requirements. Collaborating closely with credit analysts and using advanced underwriting tools can also help streamline the evaluation process and ensure accurate risk assessment.

What is the difference between Bank Underwriting vs Loan Officer?

AspectBank UnderwritingLoan Officer
Primary RoleAssessing and evaluating loan applications to determine risk and approvalSelling loan products and guiding applicants through the application process
Required CredentialsTypically requires underwriting certifications, finance or banking experienceSales and customer service skills, sometimes mortgage licensing
Work EnvironmentOffice-based, working with loan documents and risk analysisOffice or branch, interacting directly with clients
Industry UsageCommon in banking and financial institutionsCommon in mortgage and lending companies

Bank Underwriting focuses on evaluating loan applications for risk, while Loan Officers primarily assist clients in applying for loans and promoting loan products. Both roles are integral to the lending process but differ in responsibilities and daily tasks.

Do bank underwriters make a lot of money?

Bank underwriters typically earn a median annual salary that is competitive within the financial industry, with earnings varying based on experience, location, and the size of the institution. Entry-level underwriters may start with lower salaries, while experienced professionals or those in senior roles can earn significantly higher wages, often supplemented by bonuses and benefits. The role requires strong analytical skills and knowledge of lending standards and risk assessment tools.

How to become a bank underwriter?

To become a bank underwriter, typically one needs a bachelor's degree in finance, accounting, or a related field, along with strong analytical and communication skills. Gaining experience through entry-level roles in banking or credit analysis and obtaining relevant certifications, such as the Certified Mortgage Underwriter (CMU), can improve job prospects. Proficiency with underwriting software and understanding of lending regulations are also important.

What does a bank underwriter do at a bank?

A bank underwriter evaluates loan applications by analyzing borrowers' financial information, credit history, and collateral to determine the risk of lending. They assess whether to approve, modify, or deny loans, often using specialized software and adhering to lending policies. Strong analytical skills and knowledge of financial regulations are essential for this role.

What are popular job titles related to Bank Underwriting jobs in Quebec?

For Bank Underwriting jobs in Quebec, the most frequently searched job titles are:

What job categories do people searching Bank Underwriting jobs in Quebec look for?

The top searched job categories for Bank Underwriting jobs in Quebec are:

What cities in Quebec are hiring for Bank Underwriting jobs?

Cities in Quebec with the most Bank Underwriting job openings:

Bank Underwriting jobs near you
Infographic showing various Bank Underwriting job openings in Quebec as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 13% Part Time, and 1% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution.

Bilingual Commercial Underwriting Manager, BES

Montreal, QC • On-site

EQ Bank | Canada's Challenger Bank
See more jobs at EQ Bank | Canada's Challenger Bankexternal

Full-time

Re-posted 3 days ago

Job description

Joignez-vous a la Banque Qui Defie
 
Etre une banque traditionnelle n'est tout simplement pas notre genre. Alors nous relevons le defi de faire preuve de creativite en offrant des solutions bancaires novatrices aux Canadiens.
 
Comment? Avec une equipe talentueuse de challengers curieux qui savent s'adapter et remettre en question le statu quo. Si redefinir l'avenir des services bancaires vous tient a cur et que vous souhaitez le faire en ayant du plaisir, cette occasion pourrait etre ideale pour vous.
 
Notre entreprise continue de croitre : nous servons aujourd'hui plus de 800 000 personnes au Canada par l'entremise de la Banque Equitable, La Banque Qui Defie du Canada, et nous existons depuis plus de 50 ans. La filiale en propriete exclusive de la Banque Equitable, la Banque Concentra, appuie les cooperatives de credit du Canada qui servent plus de six millions de membres. Ensemble, nous avons plus de 142 milliards de dollars d'actifs sous gestion et administration combines, avec la mission claire de stimuler l'evolution des services bancaires canadiens pour enrichir la vie des gens. Notre plateforme numerique Banque EQ (eqbank.ca/fr) remporte la faveur de nos clients, a qui nous devons notre place parmi les meilleures banques du Canada sur la liste des meilleures banques au monde de Forbes depuis 2021.
 
Join a Challenger
 
Being a traditional bank just isn't our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you're not afraid of taking on big challenges and redefining the future, you belong with us. You'll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
 
We are a big (and growing!) family. Overall we serve more than 800,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

En tant que membre d'une equipe commerciale en pleine croissance, dynamique et orientee vers les solutions, le manager en souscription hypothecaire commerciale est responsable de l'analyse et de l'approbation des prets hypothecaires commerciaux conventionnels. Il/elle doit respecter les politiques et normes de souscription en vigueur, tout en assurant la conformite aux exigences reglementaires et de controle. Le role exige egalement la capacite de proposer des solutions creatives et axees sur le service, dans des delais appropries, afin de contribuer a l'atteinte des objectifs du departement et des cibles annuelles de financement. Le poste comprend egalement des responsabilites liees au credit et a l'administration, notamment la production de rapports et la gestion du pipeline de dossiers. Le titulaire est appele a entretenir et developper des relations avec les courtiers hypothecaires, les partenaires et autres intervenants externes, tout en collaborant etroitement avec les equipes internes, dont le groupe Credit et Risque.
 
 
 
As part of a growing, dynamic & solution-focused commercial team, the Commercial Mortgage Underwriter is responsible for underwriting conventional commercial mortgages.  The underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements, while finding creative and service-oriented solutions in a timely manner in order to achieve department goals as well as annual target volumes. Additional credit-related and administrative duties are also required such as reporting and pipeline management. As well, networking with mortgage brokers, partners and other external third parties along with various staff within the Credit & Risk group & other internal departments. 
Les responsabilites !
Repartition des responsabilites
  • 50 % du temps  : Le titulaire analyse et souscrit des dossiers de credit commercial, en plus d'assumer diverses taches administratives liees au credit, principalement pour des prets hypothecaires commerciaux conventionnels. Il doit veiller au respect rigoureux des politiques et criteres de pret de la Banque, et soumettre ses recommandations pour approbation a la direction. Il est egalement responsable de s'assurer que toutes les conditions de financement sont respectees et que la documentation requise est completee dans les delais.
  • 30 % du temps  : Le titulaire assure une coordination etroite avec les intervenants internes (equipes de financement, gestionnaires, administrateurs, equipes de ventes commerciales) ainsi qu'externes (partenaires preteurs, courtiers hypothecaires, clients, notaires, evaluateurs et consultants) afin de garantir un traitement efficace et rapide des dossiers, dans le respect des echeanciers de financement et des standards de service. Des visites de proprietes ou inspections sommaires peuvent etre requises selon les dossiers.
  • 15 % du temps  : Le titulaire gere activement son pipeline de dossiers, en assurant un suivi rigoureux et une gestion efficace des priorites afin de respecter les delais etablis.
  • 5 % du temps  : Le titulaire est responsable de certaines taches administratives et de production de rapports mensuels pour le departement et l'organisation, lesquels sont utilises par la haute direction pour le suivi des activites.
 
Main activities :

  • 50% on a daily basis, the incumbent will analyze and underwrite commercial credit facilities together with additional credit related and administrative duties, for conventional commercial mortgage product types. 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.  

  • 30% on a daily basis, the incumbent will communicate with internal contacts (funders, managers, administrators, and commercial sales staff) as well as external contacts (lending partners, mortgage brokers, Clients, solicitors, appraisers and consultants) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and funding deadlines.  Site inspections of properties or drive-by inspections may be required, on a deal-to-deal basis. 

  • 15% on a daily basis, the incumbent is responsible for pipeline review and time management of their deal flow in order to meet prescribed deadlines.  

  • 5% on a monthly basis, the incumbent will be responsible for various administration and reporting duties required for the department/Company, which will be relied upon by Senior Management. 

Exigences et competences
  • Le bilinguisme (francais et anglais) est requis
  • Solides competences en souscription, avec un minimum de 2 ans d'experience en prets hypothecaires commerciaux et/ou en souscription residentielle 
  • Experience demontree en prestation d'un excellent service dans son domaine 
  • Formation postsecondaire (diplome ou baccalaureat), idealement en administration des affaires ou en finance 
  • Bonne maitrise des outils Microsoft Office, principalement Word et Excel 
  • Excellentes capacites d'analyse et de resolution de problemes 
  • Bon sens des affaires combine a une connaissance technique des prets garantis et des facteurs influencant le marche hypothecaire commercial 
  • Excellentes aptitudes en organisation et en gestion du temps 
  • Capacite a gerer plusieurs priorites simultanement tout en maintenant un haut niveau de service a la clientele 
  • Excellentes competences en communication, tant a l'oral qu'a l'ecrit 
  • Disponible et motive(e) a participer a des evenements lies aux courtiers, au besoin (parfois en dehors des heures de travail) 
  • Acces a un vehicule pour effectuer des visites ou inspections de proprietes 
 

Knowledge/Skill Requirements: 

  • Bilingualism is required 

  • Proficient underwriting skills with a minimum 2 years commercial mortgage experience and/or SFR underwriting experience 

  • Demonstrated service excellence within their field  

  • Post-secondary education (diploma/degree) preferred , preferably in business or finance 

  • Good working knowledge of MS Office (primarily word and excel) 

  • Effective analytical and problem solving skills 

  • Strong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage market 

  • Excellent organizational and time management skills 

  • Ability to handle multiple competing priorities while providing optimal customer service 

  • Excellent communication skills, both oral and written 

  • Ability and desire to attend broker related events as required (often, after hours) 

  • Access to a vehicle for site inspections 

Complexite du poste et imputabilite
Complexite du poste
Ce poste exige une grande autonomie et la capacite de prendre des decisions de souscription judicieuses, et ce, dans des delais souvent serres. Les dossiers de prets hypothecaires commerciaux peuvent presenter un niveau de complexite eleve, necessitant une approche analytique rigoureuse, de la creativite et une capacite a resoudre les problemes de maniere proactive.
Le titulaire doit egalement respecter les politiques internes, les procedures et les exigences reglementaires en vigueur, tout en etant en mesure de justifier et d'appuyer ses decisions ou recommandations. Dans certains cas, l'evaluation de la viabilite des dossiers doit se faire avec une information ou une documentation limitee.
Responsabilites et imputabilite
Le titulaire releve directement du gestionnaire, Credit commercial, et collabore etroitement avec les membres de l'equipe hypothecaire commerciale.
Il est responsable de la gestion complete des dossiers qui lui sont attribues, de l'etape initiale jusqu'au financement et au suivi post-financement. La performance globale du departement depend en grande partie de son efficacite operationnelle, de sa rigueur et de la qualite du service offert.
 
 

Job Complexities 

The position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible. Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem solving.  The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made.  In some cases, viability is assessed with limited access to information or documentation. 

Accountability 

The incumbent will operate under direct management from the Manager, Commercial Credit; however, you will also work closely with all members of the Commercial Mortgage Team. The accountability of the incumbent falls mainly within the parameters of their daily duties, managing their own deal flow as assigned by management (from assignment stage to post funding). The overall success of the department relies on the level of efficiency and service provided by the incumbent.  

Interactions & conditions de travail
Principales interactions internes et externes
Le titulaire communique quotidiennement avec la direction, les equipes internes de son service ainsi qu'avec differents intervenants de l'organisation. Il est egalement en contact regulier avec des partenaires externes, notamment les clients, les courtiers hypothecaires et les partenaires preteurs.
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