Underwriting Associate

Role summary

This position is based out of Toronto, Calgary, or Vancouver. Applicants living outside these commuting areas should be prepared to relocate and live within a reasonable distance of one of these offices.

As an Underwriting Associate, you will bring solid real estate finance expertise and a strong grasp of CMHC requirements to the evaluation of CMHC-insured, conventional, and commercial property loans. The role calls for someone who can balance speed and accuracy, communicate clearly with internal stakeholders and external partners, and contribute confidently in a fast-moving, collaborative environment.

What you'll do

• Assess conventional and CMHC mortgage applications and provide recommendations in line with internal procedures and policy standards.
• Work with the Account Manager and regional VP on new real estate lending files, guiding them from initial inquiry through to formal commitment.
• Communicate directly with clients and brokers during the application journey while maintaining strong underwriting quality and professional relationships.
• Examine appraisals, environmental assessments, building condition reports, and other third-party documents according to policy requirements.
• Check that all CMHC and internal credit approval documents are complete and aligned with compliance expectations.
• Handle rate locks carefully and on time, and make sure all related documents are delivered to clients and brokers promptly.
• Prepare and track monthly performance reporting, including entering information into CRM systems.
• Measure the influence of loan activity by tracking KPIs, improving performance metrics, and supporting ROI growth.

What we're looking for

• More than 3 years of experience in commercial real estate finance, along with a strong understanding of the Canadian commercial property market.
• Sound financial judgment and analytical capability.
• Detailed knowledge of CMHC policy, corporate lending standards, and regional market conditions.
• Ability to interpret financial statements to support lending decisions.
• Strong organization, time management, and interpersonal skills.
• Good prioritization skills and the ability to manage multiple business objectives.
• Advanced Microsoft Office skills, including data analysis, visualization, and automation.
• Comfort working alone as well as as part of a team.
• Working knowledge of AML and KYC compliance requirements.
• Excellent written and spoken communication skills.
• French-English bilingualism is considered an advantage.
• Ability to perform under pressure and meet demanding deadlines.
• CFA, CPA, MFin, or a similar professional credential is preferred.

About the company

Peoples Group is a financial services organization supporting innovators shaping Canada’s economic future. With offices in Vancouver, Calgary, and Toronto, the company works with challenger banks, fintechs, brokers, and merchants to help build a more active and competitive financial ecosystem.

The organization’s culture is guided by four behaviours: Grit to Grow, Connect to Collaborate, Putting Clients First, and Owning the Outcome. The company values meaningful relationships, individual strengths, and a purpose-driven approach to work.

Work arrangement

This role follows a flexible hybrid setup, combining office and work-from-home time. Standard working hours are Monday to Friday, from 8:00am to 4:30pm, with some flexibility on start and finish times.

Compensation and benefits

• Hybrid working model that supports work-life balance.
• Competitive pay, profit sharing, RRSP matching, and benefits available from day one.
• Generous paid time off.
• A strengths-based working style focused on collaboration and better outcomes.
• Support for overall well-being across financial, physical, social, career, and community dimensions.

Additional information

The posted salary for this role is between $70,000 and $80,000 per year, depending on the selected candidate’s knowledge, skills, abilities, and experience. A discretionary profit share opportunity is also offered. This posting is for an existing vacancy. The employer is an equal opportunity employer and is committed to inclusion and accommodation throughout the hiring process.