Analyst - Commercial Mortgage Credit

Why this job matters

Position Responsibilities: 

• Credit Underwriting & Transaction Analysis
• Support the credit review and underwriting of commercial mortgage loan opportunities across property types and geographies.
• Prepare clear, concise credit memos, deal summaries, and risk assessments with increasing independence.
• Perform detailed financial analysis, including cash flow modelling, sensitivity analysis, and scenario testing.
• Assess borrower strength, property performance, and market dynamics to identify key risks and mitigants.
• Review third-party reports and due diligence materials and incorporate findings into credit recommendations.

Portfolio Monitoring & Credit Risk Oversight

• Conduct ongoing monitoring of existing loans, including annual reviews, risk rating updates, and trend analysis.
• Identify emerging credit risks and contribute to proactive credit oversight of assigned exposures.
• Ensure accuracy, completeness, and integrity of credit data and internal reporting.
• Credit Analysis, Reporting & Decision Support
• Synthesize quantitative and qualitative information to support clear, well-reasoned credit recommendations.
• Support and, where appropriate, take ownership of components of materials for Credit Committees and senior management.

Market Research & Credit Insights

• Monitor real estate markets, economic conditions, and sector trends across regions.
• Incorporate market insights into transaction analysis and credit recommendations.
• Credit Governance, Documentation & Audit Support
• Maintain complete, well-organized, and audit-ready credit files in accordance with internal standards.
• Ensure documentation appropriately supports credit analysis and decision-making.
• Support adherence to internal credit policies, procedures, and governance requirements.
• Partner with internal control functions and support internal and external audit requests.
• Provide accurate and timely documentation and analysis in response to audit and review activities.

Stakeholder Collaboration & Communication

• Collaborate with origination, portfolio management, and global credit risk teams across Canada and the U.S.
• Build effective working relationships with internal and external stakeholders.
• Communicate analysis and recommendations clearly and professionally, including to senior management where appropriate.
• Contribute to presentations and discussions in credit and governance forums.
• Clearly articulate key risks, mitigants, and rationale for credit recommendations.
• Contribute to recurring and ad hoc reporting, ensuring outputs are accurate, relevant, and well-structured.

Job Skills/Competencies Required

Required Qualifications: 

• 2–5 years of relevant experience in commercial real estate, lending, credit analysis, or financial analysis.
• Bachelor’s degree in finance, Business, Economics, Real Estate, or a related field.
• Experience with lender-side underwriting or credit analysis within a financial institution is preferred.
• Strong financial modelling and analytical capabilities (advanced Excel).
• Solid understanding of commercial real estate fundamentals (NOI, cap rates, DSCR, LTV).
• Strong attention to detail with a focus on accuracy and data integrity.
• Ability to organize, analyze, and present credit information clearly and effectively.
• Strong analytical thinking, problem-solving, and sound judgment.
• Excellent communication and presentation skills (written and verbal).
• Ability to manage multiple priorities in a fast-paced, time-sensitive environment.
• Demonstrated accountability and ownership of work.
• Ability to collaborate effectively across teams and interact with stakeholders at all levels, including senior management and audit partners.
• Commitment to Manulife’s values: integrity, collaboration, excellence, and accountability
• Bilinguisme un atout (français et anglais) - Le candidat retenu devra communiquer en anglais et en français afin de servir les clients de diverses provinces autre que le Québec.