Account Manager Community Real Estate

Job Responsibility:

About Vancity

Vancity is a member-owned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity net-zero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.

Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. If you're interested in joining their team of 2,700 diverse individuals and accessing competitive rewards and benefits, all while knowing you are part of a greater movement, then apply today!

About the workplace

As an Account Manager, Commercial Real Estate (CRE), you'll assist Vancity in providing community real estate loans, including complex loans, that meet members' needs and business goals, while also supporting social and environmental impact.

This is a Permanent, Full-Time role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. Periodically, you'll be required to attend in-person activities or events. This role reports to the Manager, Community Real Estate.

A typical day would involve:

• Maintain an assigned community real estate portfolio (including sourcing, recommending, underwriting and funding real estate loans).
• Source, develop and build new and existing relationships to recommend deal structures (including complex deals) to the Manager Community Real Estate in order to grow future business opportunities.
• Monitor assigned and established community real estate portfolio, identify credit risk and recommend course of action to minimize negative impact to Vancity and the member.
• Execute on community impact transactions in support of growing the community real estate offer through collaboration across the Community Investment division.
• Proactively manage credit risk on an assigned portfolio of CRE loans ranging from $10 - $120MM.

You have:

• Post-secondary education, ideally with a diploma/degree in a relevant field.
• 2 - 5 years of commercial real estate fixed-rate and construction lending experience across almost all asset classes (Multi-Family Residential, Office, Industrial, Retail).
• Some experience underwriting commercial mortgages and completing ongoing portfolio management for an existing portfolio of loans.
• Financial analysis skills with expertise in commercial real estate.
• An interest and commitment in building a values-driven bank that is focused on enabling positive social, economic, and environmental change.

You are:

• A Developing Leader in the Industry - you are no stranger to the financial industry and lead with confidence in all aspects of business. You have a demonstrated desire to develop your business skills to grow a Commercial Real Estate loan portfolio and ability to effectively manage an existing loan portfolio.
• An Exceptional Communicator & Negotiator - using your communication and interpersonal skills, you provide the opportunity to learn how to provide expertise and advice, address challenges and issues, and represent across the organization. You will create that “wow” experience.
• An Entrepreneur - you have an entrepreneurial spirit! You are a self-starter who knows how to manage your work and time while balancing other competing priorities that life naturally brings us.
• A Team Player - you work well as part of a team and are able to take ownership of your own accountabilities and responsibilities as a member of that team to meet and exceed the team's objectives and goals consistently.
• Problem Solver & Decision Maker - you diagnose challenges and issues; develop innovative business solutions; and assess risks and opportunities in Community Real Estate.
• Detail-oriented - you do your research and use those analytical skills to assess and recommend course of action on industry, political and economic trends. You can also identify risks and opportunities that may impact the business.

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

Salary: Incentive 4 weeks

Posting Deadline: Posted until Filled

We offer:

• We are the largest private-sector Living Wage Employer in Canada and have been consistently recognized as one of the Top Employers in Canada.
• Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
• New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows — to a maximum of six weeks per year — as their length of service increases. In addition, full-time, permanent staff may be able to purchase extra days of vacation through our flexible benefits package.
• In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness, plus opportunities to take unpaid leave for a variety of reasons.
• Our health care & dental benefits offer three levels of health care and dental coverage for you to select from. These benefits will also be effective immediately based on your hire date.
• We understand that retirement means different things to different people and at Vancity we will offer you a Defined pension plan that pays you a retirement income for life.

At Vancity we're committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.

Please note that all shortlisted candidates for this role will be required to complete a background check which includes employment verification, credit check, and a criminal record check. Vancity is an inclusive and equitable employer and actively seeks to advance racial equity, inclusion and belonging across the organization. Vancity offers required accommodations in all stages of the recruitment process. If you require an accommodation, please advise us, and we will work with you to meet your needs.