GWL/LL

  • Associate Manager, Portfolio and Risk Management

    Job Location CA-MB-Winnipeg
    Posted Date 7 days ago(11/8/2018 12:00 PM)
    Job ID
    2018-16784
    Company
    Great West Life
    Job Category
    Finance and Investments
    Job Type
    Full Time
    Job Industry
    Financial Services and Banking, Insurance
    Career Level
    Experienced, Management
    Posted End Date
    11/22/2018
  • Job Description

    The Great-West Life, Commercial Mortgage Investment team is seeking an innovative versatile individual to join its Portfolio and Risk Management Group based in Winnipeg. The position is that of Associate Manager. The primary responsibility of this position is the assessment of current and potential risk in the Canadian commercial mortgage portfolio. This is an independent internal audit function within the Mortgage Investments department, responsible for the identification of any loans of concern within the portfolio.

     

    The risk assessment would include, but not be limited to, real estate valuation as well as analyzing market conditions, credit, tenants, borrowers and property specific loans. This position assumes responsibility for completion of the reviews and advising senior management of loans with a potential risk. In the event a potential risk has been identified then this position will assist with developing a strategy and initiating enforcement proceedings to minimize any loss to the company.

     

    Accountabilities:

    • Responsible for the completion of the annual risk rating reviews of commercial mortgages held within the Canadian commercial mortgage portfolio. These reviews include conventional mortgages and mortgage bonds, CMHC financial reviews and physical property inspections.
    • Completion of special or ad hoc reviews relative to Borrower exposure, major tenants, market and sector conditions and regional or property specific risks.
    • Review and analysis of Borrower requests for lender consent to changes to existing mortgage contracts (sale and assumptions, rate buy-downs, change of control, concessions, and other similar issues), with recommendations on approval made to management.
    • Research and provide regular updates on the major commercial real estate markets in Canada for the various property types/ sectors.
    • Assist with default management and mortgage enforcement.
    • When required, assist with general portfolio management within the department including yield maintenance calculations, interest rate setting, preparation of segregated fund liquidity reports and residential pool purchases.
    • Special projects as assigned, including periodic market research and financial statement analysis.

    Qualifications and Competencies:

    • Education - Undergraduate university degree is required, preferably in real estate, business/finance, economics or urban planning. An Accredited Appraiser Canadian Institute (“AACI”) designation, or willingness to enroll in the program, is considered an asset.
    • Experience - Minimum 5-10 years experience with preference given to candidates with background in commercial mortgage lending, real estate appraisal, investment sales, brokerage or leasing experience. Familiarity with the Canadian real estate market.
    • Financial Analysis Skills - Ability to perform financial modeling and possess a good understanding of commercial property valuation, with strong critical thinking and problem solving abilities.
    • Communication Skills – Advanced written and oral communication skills with the ability to work effectively within a team environment. Bilingualism, while not a requirement, is considered an asset.
    • Computer Skills – Advanced knowledge and efficient use of MS Office suite such as Excel, Word, PowerPoint and Outlook.
    • Organizational/Multi-Task Skills – Ability to allocate time effectively, work under pressure, managing tight and multiple deadlines.

    Discover your opportunity….Apply today!

     

    Great-West Life offers competitive compensation, great benefits such as medical, dental, life insurance, wellness account and personal days not to mention onsite cafeteria and fitness facilities.  If you’d like to join our team submit your information online and introduce yourself.

     

    Together Great-West Life, London Life and Canada Life serve the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

     

    We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

     

    Great-West Lifeco would like to thank all applicants, however only those who qualify for an interview will be contacted.li-ko1

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