[ref. i31798700] Manager, Real Estate Portfolio Servicing
Job Summary
Job Description
What is the opportunity?
You will provide direct analysis and support for the ongoing initiatives of the Real Estate Portfolio Servicing Team. You will be responsible for the maintenance and monitoring of various databases, market research, detailed loan monitoring and summary reconciliations, and third party investor reporting.In this role, you will collaborate with internal and external stakeholders, collect borrower documentation required for underwriting and complete the annual review process and associated changes. A key responsibility includes some travel completing commercial property inspections and follow up reporting across Canada.
What will you do?- Maintain multiple tracking databases and be responsible for data integrity for audit purposes
- Collaborate with Relationship Managers, Business Markets and Borrowers to collect financial packages and other annual review information
- Complete the Operating Statement Analysis Reports (“OSARS” annual reviews) for the securitized commercial mortgages portfolio and submit with the client’s financial information to the Master Servicers in accordance with the requirements of the Servicing Agreements
- Track, monitor and follow up on borrower undertakings for securitized and third party investor mortgages
- Perform, complete and submit property inspection reports to the Master Servicer by the due dates specified in the Servicing Agreements. Request and follow up on correction strategies for items of significant property deferred maintenance
- Request and verify property tax accounts, PPSA files and property insurance policies
- Research and complete formal business cases in support of Borrower special requests to modify loan documents (i.e. subordinate debt financing, loan assumptions, building expansions, expropriations, partial discharges of security, changes in ownership structures, amalgamations, holdback and reserve releases, etc.)
- Prepare and verify monthly loan remittance reports and coordinate the distribution and wiring of mortgage P&I payments to the Master Servicers, co-lenders and third party investors
- Control systems and loan transaction administration for mortgage set up, investor coding, loan reserves and loan payouts
What do you need to succeed?
Must have:
- University degree in business, commerce, finance, real estate, accounting or related fields
- Ability to learn quickly in a fast-paced environment
- Sound understanding of financial statements and real estate analysis
- Minimum 1 year’s experience in Commercial Mortgage Underwriting
- Highly proficient in Microsoft applications (Excel, Word, Power Point)
- Well organized, result-oriented and excellent time management skills
- A focus on detail, client-oriented, proactive and ability to multi-task
- Exceptional communication, collaboration and writing skills
- Team player and willingness to do some travel across Canada
Nice to have:
- Knowledge of the Bank’s operating systems: OLMS, Synergy, DDA, CMS, CART, RFT wire transfer, Newton and PeopleSoft (Oracle)
- Experience in real estate lending practices and real estate cash flow analysis
- Over 3 years’ experience in Commercial mortgage underwriting
- Experience in Commercial Mortgage Backed Securities (CMBS) and the servicing of securitized commercial mortgage and third party investor portfolios
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work and enhance your knowledge and skills in a professional environment
Job Skills
Additional Job Details
Address:
RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
- 5
Employment Type:
Full time
Platform:
PERSONAL & COMMERCIAL BANKING
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-02-11
Application Deadline:
2025-02-26
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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