Senior Analyst, Underwriting
ABOUT KV CAPITAL INC
KV Capital Inc. is a rapidly growing Edmonton based Private Lender that currently manages a $150 million mortgage portfolio of short term residential and commercial mortgages. The firm conducts in-house underwriting and provides funding to borrowers located in Alberta under real-estate secured financing transactions.
The company was founded in 2006 by Chartered Accountants and Chartered Business Valuators and has enjoyed success by leveraging the experience of its professional staff to create customized financing solutions for borrowers that own real estate and require funds for short-term financial bridging, construction projects, and development projects.
Senior Analyst, Underwriting / Analyst, Underwriting – Job title dependent on seniority of the successful applicant.
The successful candidate will be able to analyze, value security for, critically assess, and structure all types of commercial mortgage loan applications, including land acquisition, residential and commercial construction, inventory loans, bridge financing, and repositioning loans. Your ability to identify critical issues, inconsistencies in the applications as well as an assessment of the feasibility of real estate projects will be critical in this role.
Working under the direction of KV Capital’s Senior Director, Underwriting, you will be responsible to:
- Complete timely review and feasibility assessment of project based mortgage loan applications under an asset secured model;
- Identify, assess, quantify, and evaluate moderate to complex risks on a project by project basis through:
- Valuation of real estate security;
- Developing and completing efficient and comprehensive due diligence procedures on a deal by deal basis;
- Preparing and maintaining working papers to support underwriting recommendations; and
- Structuring financing terms, pricing risk, and recommending deals.
- Initiate, organize, and conduct ongoing monitoring of projects over the term of any financing advanced;
- Work closely with in-house business development staff, borrowers, and third party brokers / clients to develop and maintain positive business relationships; and
- Provide on-going mortgage administration services, including processing mortgage advances, renewals, payouts, and discharges; as well as preparing periodic reports.
ACCOUNTABILITIESKV Capital is focused on developing meaningful, long lasting, and mutually beneficial relationships with our clients and brokers. It will be incumbent upon you to maintain and build the reputation of the firm by delivering clear communication, timely service, and providing expert advice.
STRUCTUREKV Capital employee
EXPERIENCEIntermediate to Senior level
COMPENSATIONBase salary commensurate with experience and education supplemented by incentive based compensation tied to the key performance metric of volume of deals underwritten and managed with a successful funding outcome.
- Exceptional analytical, communication, and organization skills;
- Strong financial acumen;
- Working knowledge of the real estate and/or mortgage industry;
- Awareness of local (Albertan and Canadian) economic conditions and indicators;
- Professional, friendly, and courteous demeanor;
- Advanced skills in the use of Microsoft Office Suite, with a demonstrated expertise in Excel;
- A degree, designation or certification in a related field is preferred (note this position will provide qualified hours for CBV and CFA candidates); and
- 5 years of directly related experience using Spin, various real estate information databases, and performing credit bureau searches would be an asset, but not required.