Senior Commercial Loan Underwriter


Our Finance and Lending division is responsible for ensuring that IO is a financially efficient and effectively managed organization and that the agency’s finances are monitored, reported and managed appropriately. The team also manages IO’s infrastructure lending program, which has supported more than $15 billion in local infrastructure development.

This is an exciting opportunity for a Senior Underwriter to provide senior level expertise and leadership in municipal and commercial loan underwriting/structuring with the ability to analyze borrowers' financial standing.

What You Will Do

  • In collaboration with the Vice President, Commercial Underwriting, implement and execute the credit underwriting framework and policies including adherence to credit limits and controls, efficiency, and customer satisfaction.
  • Provide coaching, credit structuring guidance to the team of underwriters in loan structuring efforts.
  • Manage complex loans and loans in difficulty.
  • Provide a complete review of new loan applications and coordination with Customer Relations and Loan Operations; conduct loan due diligence; in partnership with Customer Relations negotiate loan terms with clients; review legal documentation and make recommendations on loan structure to the Vice President for presentation to the Credit Department.
  • Perform a complete review of the applicant's business case, financial history, project risks, management and governance, existing debts and legal structures often for more complex or large loans.
  • Conduct interviews with customer relations, loan operations team members and applicants during the due diligence process.
  • Compile analysis into comprehensive and concise credit applications to be submitted to Credit Department and maintain due diligence checklist and other documentation for communication and collaborative review.
  • Collaborate with Loan Operations, Customer Relations in communication with customers.
  • Present recommendations to Credit Department on the best appropriate loan structures to ensure adherence to
  • Infrastructure Ontario credit risk policies and accommodation of client needs.
  • Coordinate credit related activities with Loan Operations and Legal department to ensure timely post-approval customer follow-up, term-sheet approval.

Who We're Looking For

  • You must have at least 5 years of direct credit risk and commercial lending transaction experience in a client-facing role, namely commercial real estate and/or infrastructure, with a strong knowledge of lending and credit risk control systems and processes.
  • In addition you possess a university degree in Finance, Business, Accounting, Economics and/or other credit risk certifications.
  • You are well-versed in underwriting principles and loan agreements with sound knowledge of credit risk measurements, assessment and methodologies.

We seek an individual who has a strong acuity for business models and business risks and an ability to conduct financial statement and ratio analysis. Strong interpersonal skills and ability to coach and mentor others in a collaborative environment including providing guidance and constructive feedback is required. Excellent analytical and research skills and strategic, critical and abstract thinking towards policy, credit and loan strategies is a must.

Infrastructure Ontario is an inclusive employer, we encourage applications from all qualified candidates. We will accommodate your needs under the Ontario Human Rights Code. We thank all applicants in advance for their interest; however, only those candidates selected for an interview will be contacted.

By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.