Full time | Junior to Mid-Level | Reports to the Senior Manager, Underwriting
Position Summary
Wealth One Bank of Canada (“WealthONE”) is hiring several Underwriters across varying levels of experience (Associate, Underwriter, and Senior Underwriter).
In these roles, you will be responsible for assessing and evaluating residential mortgage applications to determine borrower creditworthiness and overall risk. Scope, deal complexity, and decision-making authority will be aligned to the successful candidate’s level.
Key Responsibilities
Core Underwriting Responsibilities (All Levels)
- Review and analyze loan applications, financial statements, credit reports, and supporting documentation.
- Assess borrower creditworthiness, repayment capacity, and collateral adequacy.
- Evaluate risk and make recommendations in line with established underwriting guidelines.
- Ensure all applications comply with regulatory requirements, internal policies, and lending standards.
- Identify and escalate risks, inconsistencies, or missing information in a timely manner.
- Collaborate with relationship managers, brokers, and internal stakeholders to gather required information and move deals forward.
- Maintain strong turnaround times and contribute to overall pipeline efficiency.
Advanced Responsibilities (Intermediate Level):
- Analyze more complex borrower profiles, including self-employed income, layered risk, and exception-based deals.
- Structure transactions and propose solutions that balance risk and business objectives.
- Present credit recommendations and rationale to senior stakeholders or credit committees, where applicable.
- Monitor market trends and evolving lending practices to inform underwriting decisions.
Requirements
Experience (aligned to level):
- Associate Underwriter: 1–3 years of experience in mortgage underwriting or credit analysis.
- Underwriter: 3–7 years of experience in residential mortgage underwriting.
Education & Technical Skills:
- Bachelor’s degree in Finance, Business Administration, or related field (or equivalent experience).
- Strong understanding of residential mortgage lending, credit risk assessment, and underwriting principles.
- Ability to analyze financial statements, income documentation, and credit reports.
- Familiarity with underwriting systems and credit adjudication tools.
Core Competencies:
- Strong analytical and risk assessment skills.
- Sound judgment and decision-making ability.
- Excellent communication and stakeholder management skills.
- Ability to manage multiple priorities in a fast-paced environment.
- High attention to detail and problem-solving capability.
What You Need to Know
At WealthONE, our people are our greatest asset. You’ll become part of a diverse and growing team that acknowledges everyone’s unique talents to do what’s right for the client, and to do it well. As part of our team, you will:
- Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home.
- Connect: Work in a place that fosters creativity and collaboration.
- Develop: Apply your skills and grow your career in a young, fast-growing environment.
- Prosper: Share in our collective success with a competitive salary, incentive pay, and excellent health benefits program.
WealthONE is an equal opportunity employer committed to creating an inclusive environment where all team members and clients feel like they belong.
This position is hybrid with a 2 days per month in-office requirement. You must also be eligible to work in Canada.
To learn more, please visit us at Wealth One Bank of Canada - About Us (https://www.wealthonebankofcanada.com/Personal/AboutUs/)
