Commercial Mortgage Servicing Manager

Job Responsibility:

Are you looking to take the next step in your career by joining a company that values precision, leadership, and client-centric service? As a Manager of Commercial Mortgage Servicing at Atrium Mortgage Investment Corporation, you will have a pivotal role in overseeing the servicing of our complex and diverse portfolio of commercial mortgage loans.

If you are a proactive and solution-driven professional who enjoys working autonomously while also leading others, this role will offer both personal fulfillment and professional growth.

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About The Opportunity

In this role, you will help lead our Mortgage Servicing team that is responsible for servicing syndicated loans, private lender mortgages, and institutional portfolios. You will not only ensure that payments are processed seamlessly, but also create detailed payment schedules, prepare investor remittance reports, and collaborate closely with a variety of stakeholders, including clients, lawyers, and underwriters. Every day, you'll tackle challenges that require a balance of sharp analytical skills and thoughtful communication.

This is an ideal role for someone who is passionate about and experienced with commercial mortgages. We are looking for someone who can think critically and identify areas for process improvement, driving efficiency and ensuring best practices are followed. You'll have the autonomy to manage complex transactions while also mentoring junior team members, sharing your wealth of experience, and fostering a culture of development and collaboration.

This position is perfect for someone who thrives in a fast-paced, multi-faceted environment where attention to detail and the ability to juggle competing priorities are essential. Your meticulous attention to legal documents, reporting, and audit requirements will ensure we maintain our reputation for excellence.

This position is an opportunity to lead and drive excellence within our Mortgage Servicing team, ensuring that all post-funding activities are handled with the utmost diligence and professionalism. We provide a supportive environment with ample opportunities for training and development, ensuring you have the resources to succeed and thrive.

Key Responsibilities include:

• Post-Funding Management: Oversee all post-funding activities, including account administration, payment processing, renewals, and discharges.
• Payment Coordination: Create detailed payment schedules for complex loan structures.
• Investor Relations: Prepare investor remittance reports and handle payment processing to investors.
• Transaction Oversight: Set up payments and diligently follow up on outstanding payments, including those in arrears, maintaining organized record throughout the process.
• Client Communication: Serve as the key point of contact for clients, lawyers, lenders, and underwriters, handling all inquiries related to information statements, payout statements, and discharge documents.
• Reporting & Analysis: Generate comprehensive month-end reports and ad hoc management reports as requested.
• Annual & Audit Compliance: Prepare and manage annual statements and audit confirmations, ensuring compliance with regulatory and company standards.
• Legal Document Review: Conduct thorough reviews of legal documents related to loan closings.
• Time & Quality Management: Successfully manage multiple tasks under tight timelines, ensuring a high level of quality in every aspect of work.
• Process Improvement: Identify and spearhead process improvement initiatives that drive operational efficiency and accuracy within the department.
• Team Leadership: Provide training and coaching to junior team members, fostering an environment of continuous learning and development.
• Special Projects: Take an active role in company-wide special projects as needed.

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About The Perks

• Competitive compensation package.
• Comprehensive benefits package - including Employee Share Purchase Plan.
• Opportunity for professional growth - collaborating with and learning from an established team of industry leaders.
• Exclusive access to a variety of industry events that will provide enriching networking opportunities.
• Convenient centrally located downtown office.

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About You

• Completion of a University degree, preferably in Finance or Business Administration.
• 5-10 years of commercial mortgage servicing or other relevant experience.
• Knowledge of interest rates and an understanding of loan structures.
• Strong knowledge of Microsoft Office, including strong excel skills.
• Excellent communication skills - both written and oral.
• Demonstrated problem solving and decision-making skills.
• Strong mathematical and analytical skills.
• Experience overseeing, coaching and mentoring junior staff.
• Very strong attention to detail, accuracy and organizational skills.
• Familiarity with real estate and/or lending.

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About The Company

Canadian Mortgage Capital Corporation (CMCC) is a market leading provider of debt and equity financing to the residential and commercial real estate and development communities in major urban centres across Canada. CMCC is the exclusive manager of four platforms, the largest of which is Atrium MIC, with total assets under management currently representing $2.5 billion.

Since the organization's inception in 1994, we have been relationship-focused, having developed an industry reputation for reliability, flexibility, creativity and fast turnaround. We are also strong believers in the development and advancement of people from within the organization and are proud of our track-record rewarding success.

The company's four platforms include:

• Atrium MIC, one of the largest mortgage investment corporations in Canada with assets of almost $900 million. The company is one of only three publicly traded non-bank lenders on the TSX, and has funded more than $3.25 billion in term, construction and mezzanine financing across a wide-variety of commercial and residential asset types.
• A private mortgage investment corporation established in 2020 with a target dividend yield and risk tolerance exceeding that of Atrium MIC. The company has raised over $80 million in shareholder's equity to date.
• An institutional quality mortgage portfolio sponsored by a group of pension funds, financial institutions, and private investors.
• Private real estate investment funds with a focus on equity investments in residential and commercial developments.

We thank all applicants for applying, but we will only respond to those that are contacted for an interview.

Job Type: Full-time

Pay: $41,854.19-$120,945.33 per year

Benefits:

• Dental care
• Extended health care
• Life insurance
• Paid time off
• Vision care

Flexible language requirement:

• French not required

Schedule:

• Monday to Friday

Education:

• Bachelor's Degree (preferred)

Experience:

• Commercial Mortgage Servicing: 5 years (preferred)
• real estate: 5 years (preferred)

Work Location: Hybrid remote in Toronto, ON M5C 1C4