Position Reports Into: Managing Director

Role Type: Full-time Salaried

Location: Fully Remote [Canada Only]

Vacancy: This role is a new position and was not previously filled

Compensation:

• Full Benefits (health, dental, vision, etc)
• Base Salary: $120,000-$140,000
• Bonus: 0-30%
• Company Equity: Up to $100,000

Role Description

The fund has been growing and we’re looking to bring in a senior credit person to take over running all underwriting and portfolio management for Perch Capital. This doesn’t mean you’re starting from scratch. Policies and procedures are already in place and the fund has been operating for over 4 years. The Managing Director previously took on this function while scaling the fund to where it is today and it’s time to grow the team as the fund continues to grow.

This is not a box ticking role, we truly assess the merit of each file and are open to creatively structuring deals where there is an opportunity for strong risk-adjusted returns.

We want someone who constantly is tinkering with their current systems to automate and scale their own capabilities. Now we want you to take that mentality and unleash it with our 15+ person engineering/product team to compound on those ideas.

What You’ll Be Doing

• Review, structure and approve mortgage applications.
• Monitor ongoing portfolio performance, industry trends, and covenant compliance to identify risks and maximize returns. This could include proposing changes to our core policies where warranted.
• Ensure all lending activities comply with internal policies, legal requirements, and regulatory standards.
• Propose new lending products that Perch Capital can take to market
• Working closely with our brokers, risk, product, engineering and other teams to enhance the product further.

Skills Required

Need to Have

• 7+ years of relevant private mortgage brokering or underwriting experience, preferably in the residential space
• Bachelor’s degree in Finance, Accounting, Economics or Mathematics
• Fluent in English
• High level of attention to detail
• Ability to work autonomously. You will be plugged in with the Perch team, but you will not have any direct reports to start.
• You don’t need to be a tech wizard, but you do need to be tech-enabled.

Nice to Have

• Familiarity with borrowing base debt facilities, forward flow agreements or other fund capital structures
• CFA or CPA designation is preferred
• Experience with CMHC MLI Select
• Experience with construction financing (1-8 units)

What is Perch?

Perch Capital is a mortgage investment corporation that originates short term single family mortgages in the Canadian market. We have been operating since 2022 and are managed by a subsidiary of Perch. Our current mortgage portfolio is $35M and we have ambitious growth targets.

Perch is a digital mortgage platform dedicated to helping individuals build wealth through real estate. Combining automation, a nationally licensed mortgage brokerage and a lending operation; Perch is uniquely placed to help clients find the best mortgage solution. Whether they’re a first-time homebuyer or seasoned real estate investor, Perch connects them with the right professional to deliver quick mortgage pre-approvals, higher qualification amounts compared to traditional banks, instant mortgage rate quotes, and some of the most competitive interest rates in Canada. We’ve grown to a fully remote team of 28 and have customers who have used (and loved!) our product.