Senior Underwriter, Home Financing (Canada)

Manzil gives Muslim and ethically-conscious Canadians a way to own a home and build wealth the halal way. Our home financing products are structured to avoid riba (interest) and gharar (excessive uncertainty). They are screened to AAOIFI standards and overseen by an independent Shariah Supervisory Board.
We are looking for an underwriting professional who shares our commitment to excellence, integrity and ethical, faith-aligned finance .
The RoleWe are hiring a Senior Underwriter to lead the adjudication of our home financing applications in Canada. You will own file quality from application to funding. You will apply our underwriting policy and guidelines to every file. You will also raise the standard of the whole home financing team through training and review.
This is a senior, hands-on role. It blends credit adjudication, documentation quality and policy stewardship. You will be a key steward of our clients' trust and of the integrity of our home financing.
Key ResponsibilitiesAdjudication
Adjudicate residential home financing applications end to end. This covers income, down payment, credit, property and the overall strength of the file.
Verify income and down payment sources against full supporting documents. Apply the verification standards in our underwriting policy.
Review credit bureaus, calculate debt service ratios (GDS and TDS), and assess property value and appraisal reports.
Issue approvals, conditions and declines with a clear written rationale.
Escalate exceptions to the Credit Committee with a documented recommendation.
File Quality and Policy
Own file quality. Make sure every file is complete, accurate and audit-ready before it goes to funding.
Maintain and improve the underwriting policy, checklists and procedures. Keep them current with OSFI Guideline B-20.
Support internal and external quality assurance reviews. Respond to findings and close remediation items on time.
Keep client identification and records to FINTRAC anti-money laundering requirements.
Funding and Operations
Manage file submission, conditions and funding day to day.
Coordinate with mortgage agents, client support, solicitors and appraisers to move files to funding on schedule.
Track the pipeline, turnaround times and outstanding conditions. Report on them to leadership.
Training and Team Development
Mentor and train junior underwriters and mortgage agents on policy and documentation standards.
Deliver regular policy refresher training and keep training records.
Apply the Shariah-compliant financing structure correctly in every file.
Route Shariah questions through the firm's Shariah governance process.
Required Qualifications
At least 7 years of residential mortgage underwriting experience at one of Canada's large banks (RBC, TD, Scotiabank, BMO, CIBC or National Bank).
Experience holding adjudication authority for residential mortgage files.
Deep knowledge of Canadian residential mortgage underwriting. This includes income verification for salaried, self-employed and commission earners, down payment verification, credit assessment, debt service ratios, property and appraisal review, and title and insurance requirements.
Working knowledge of OSFI Guideline B-20 (Residential Mortgage Underwriting Practices and Procedures).
Working knowledge of FINTRAC anti-money laundering obligations for mortgage lenders and brokers.
Bachelor's degree in business, finance, economics, accounting or a related field.
Strong written communication. You write clear approval notes, conditions and decline rationales.
High ethical standards and close attention to detail.
Legally entitled to work in Canada.
Alignment with Manzil's mission and respect for the values of our client community.
Preferred Qualifications
Familiarity with Islamic home financing structures (for example, Murabaha and Musharaka) and AAOIFI standards, or genuine interest in learning them.
Completion of the REMIC Underwriting Exam.
A provincial mortgage agent or broker licence (for example, through FSRA in Ontario).
Experience at a non-bank lender or fintech in addition to the bank experience.
Experience training, coaching or supervising underwriters.
What We Offer
A senior seat with real ownership of the underwriting function at a fast-growing, mission-driven Islamic FinTech.
The opportunity to shape underwriting policy and process for Shariah-compliant home financing in Canada.
Remote work with a highly passionate, focused team.
Manzil is an equal opportunity employer. We welcome applications from all qualified candidates.
We provide accommodation during the recruitment process on request.
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