Associate Director, Commercial Financing

We are hiring an Associate Director, Commercial Financing!
Job Details
Reporting To: Assistant Vice President, Commercial Financing
Job Type: Full-time
Salary Range: $85,000-$120,000
Posting Date: November 9, 2026
Closing Date: December 14, 2026
Hours of Work: 8:30 a.M. – 5:00 p.M.
Grade: 16.2
Office Location: Toronto
Location Details: Great location! Steps away from the main public transit station
What we offer: Highly competitive compensation package which includes base salary, bonus, benefits, and career advancement opportunities!
Eligibility for benefits is dependent on the terms of employment
The OpportunityThe Associate Director contributes to the production and development of the commercial mortgage portfolio by analyzing financial and supporting documents on incoming applications and ensuring information is consistent with internal, insurer and investor policies. The role is specific to CMHC, construction and conventional commercial real estate financing requests.
How you will contribute
Provide oversight and support to more analysts working directly within the team, including reviewing underwriting, credit applications and loan commitments.
Ability to handle complex transactions from start to finish with minimal oversight.
Work directly with clients and prospects to gather due diligence, advance relationships and recommend appropriate mortgage solutions
Make decisions on advancement of loan opportunities, complex structuring and credit
Analyze financial information on commercial properties including rent rolls, operating statements and financial/net worth statements, to assist management in determining the appropriate loan size, terms, conditions and pricing
Review third party reports including appraisal, phase I/II environmental reports and engineering reports, to determine compliance with investor requirements, product lending and guidelines and loan terms and conditions
Review conditions and exception requests and prepare recommendations to credit/investors. Ensures that underwriting procedures are in force at all times and senior management authorizes any exceptions
Prepare loan summary including financial analysis and credit documents to assist in the loan approval process
Coordinate with Funder, Investor, Legal, and other third-party consultants to ensure loan conditions are met
Coordinate with clients and prepare Letters of Interest and Commitment Letters along with managing information flow to ensure smooth loan transactions
Develop and analyze construction/development pro-forma as of various multi-unit housing type projects
Monitor on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are performed
Monitor pending and approved loans and any corresponding fees which includes a review of any fees currently on deposit with First National
Assist from time to time in preparation for prospect and existing client meetings
Assist in training and mentorship of other team members
Perform other duties as necessary to support the goals and objectives of the commercial mortgage division
Adhere to policies/procedures to ensure AML requirements are met, when applicable.
The experience you need
Experience in commercial real estate lending is a must
Undergraduate Degree and/or MBA with focus in a Finance/ Real Estate related discipline
6-7 years’ experience in a relative commercial real estate role
Knowledge of applicable real estate lending regulations is a must
Experience in financial analysis (i.E. balance sheet, income statement)
Organizational skills to manage several ongoing and competing tasks simultaneously
Experience communicating with clients, appraisers, engineers, lawyers, consultants, investors and/or credit committees
Strong understanding of legal documentation, ownership structures and AML requirements
Preferred experience in CMHC and/or construction finance, development industry, private equity, cost consulting, or accounting with a commercial mortgage focus
Familiarity with principles of property valuation and the construction process
Advanced PC skills, with an emphasis on Word and Excel
High degree of consistent accuracy and attention to detail
Able to work with minimum supervision
Results oriented and highly motivated self-starter
Bilingualism (French, English) an asset
Working Environment and Physical Demands Analysis
Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.E. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
Why join First National?
Competitive Compensation
Comprehensive benefits program (i.E., Health Spending Account, Maternity and Parental Leave Top Up)
Extensive training programs to set our employees up for success
Modern office environment conducive to collaboration
Supportive teamwork culture
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year
The team you’ll joinFounded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.
Artificial Intelligence is not used in our recruitment or hiring process for this role.
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.
First National supports requests for accommodation from applicants with disabilities;
please contact Human Resources at View email address on ca.hrm.tc should you need an accommodation at any point in the recruitment process.
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