Analyst, Mortgage Operations

• Conduct comprehensive underwriting of new lending transactions through the review of project pro formas, third-party reports, borrower/guarantor financial statements, and lease/purchase and sale documents.
• Assist with the creation of sophisticated cash flow models used to assess the financial capacity and operational feasibility of construction projects (e.g., developing assumptions, coverage calculations, paydown waterfalls, IRR calculations).
• Assist with review of due diligence provided by Borrowers during loan origination to verify accuracy against transaction outlines and funding requirements.
• Conduct industry and transaction-specific research to support presentations and meetings with institutional and corporate clients.
• Assist with the preparation of offering memorandums and other presentation material for prospective lenders.
• Assist the Business Development team with canvassing, qualifying, and onboarding potential lending and borrowing clients.

• Assist with review of due diligence provided by Borrower during loan origination to verify accuracy against transaction outline and funding requirements.
• Monitoring of projects on ongoing basis against underwriting to monitor loan coverage and repayment timelines
• Manage MZ cashflow forecasting tools to monitor projects for schedule and budget variances as well as capital requirements

• Assist in completion of basic initial and progress advances/loan fundings
• Support company wide communication and information sharing to facilitate mortgage advances
• Assist in review of project quantity surveyor reporting

• Assist in maintenance of forecasting/cashflow tools to help the company manage Borrower cashflow needs, lender cashflow availability, and corporate revenue
• Extract, assess and develop relevant data from internal and external reporting

• Assist in preparation of discharge statements and payment requisitions
• Tracking of unit closing discharge amounts and closing adjustments

• Assist with drafting of updates to lenders participating in MZ mortgages
• Ensure lender communication received in timely manner and direct lender questions where required

• Assist compliance department with Borrower follow ups of loan deliverables
• Ad hoc reports and other activities as assigned.

• Undergraduate degree or higher in finance, economics, accounting, real estate, business administration, urban planning & development, or a related field, with a strong record of academic achievement.
• 2–4 years of experience in commercial real estate investments, investment banking, commercial lending, asset management, real estate development, underwriting, or related analyst/capital markets roles.
• Excellent knowledge of finance and financial modeling concepts as applied to real estate development and project financing.
• Strong analytical skills and attention to detail, including advanced proficiency in Microsoft Office (especially Excel).
• Excellent written and verbal communication skills, with ability to communicate across all levels and with external stakeholders.
• Highly organized and able to manage multiple projects with competing deadlines while maintaining a high standard of work.
• Proven ability to work well both independently and as part of a team in a fast-paced entrepreneurial environment.
• Professional designation (CFA, CPA) or progression towards one considered an asset.
• Valid G2/G driver’s license
• Will be required to obtain a mortgage agent license through FSRA (paid for by the company).

• Opportunities for career development and advancement as the organization grows.
• Employer paid benefits, including medical, dental, and a health care spending account.
• RRSP matching program.
• Paid vacation and company floater holidays.
• Creative Social Committee that organizes regular team building events.
• Free on-site parking.

• MZ offices are open Monday to Friday and employees are expected to work on site a minimum of 4 days per week, with the option of working remotely 1 day per week, as agreed to by the direct supervisor.
• Our Waterloo office has 16,000 square feet of modern and accessible space and has been specially updated and tailored to meet our business needs. The result is a world-class workspace that empowers deep collaboration, reinforces business operations with state-of-the-art technology infrastructure, and offers more space to enable our sustained team expansion. We also have a satellite office in downtown Toronto, available for business meetings.