We are hiring a Senior Analyst, Commercial Renewals & Assumptions
Reporting To: Director, Commercial Renewals& Assumptions
Full-Time/Part- Time: Full-time
Salary Range: $70,000-$95,000
Posting Date: July 3, 2026
Closing Date: July 17, 2026
Hours of Work: 8:30 a.m. – 5:00 p.m.
Grade: 14.3
Office Location: Toronto, ON Great location! Steps away from the main public transit station
What we offer:
Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!
- Eligibility for benefits is dependent on the terms of employment
The Opportunity
The Senior Renewals & Assumption Analyst is responsible for managing Commercial Mortgage Renewals, Assumptions and Investor Sales in accordance with company policies and procedures. This role will have ownership of the full assumption process from intake through completion, including reviewing borrower structure changes, determining applicable requirements, coordinating required documentation, and working with AML to obtain the necessary approvals. The Senior Renewals & Assumption Analyst will also support general renewals team reporting requirements and liaise with internal and external stakeholders to ensure transactions are completed accurately and within required timelines.
How you will contribute:
- Ensure maturing loans up for renewals, assumptions and investor sales are processed in a timely manner in line with company policies and procedures.
- Perform a complete review of renewal and assumption commitment letter.
- Liaise with solicitors, insurance consultants, investors, originators and all parties associated with each transaction to ensure all First National requirements are satisfied and our files are updated accordingly.
- Responsible for accurately processing all loan details onto mortgage system, from various source documents in compliance with policies & procedures.
- Responsible for assisting with training of new staff within the renewals team;
- Responsible for the daily review and approval of Renewal, Assumption and Investor sales transactions processed by other members within the team.
- Responsible for reviewing borrower structure changes, and determining the applicable requirements, documentation, and approval conditions based on the complexity of the request.
- Reviews borrower structural changes ranging from simple amendments to complex multi-loan and portfolio transactions.
- Conducts comprehensive AML and KYC reviews.
- Reviews of legal documents for Assumptions to ensure all transactions comply with internal policies and investor guidelines
- Review cheque requisitions, adjustment, deposits, globals, investors capital call etc. and recommend requests to Management for approval
- Provide back up in the absence of other analysts within the team.
- Complete special projects as assigned by Management.
The experience you need:
- Post secondary education
- 4 or more years’ experience in the mortgage/financial industry
- Experience working with the Optimus system a definite asset
- Proficient in Microsoft Office applications, specifically Word and Excel
- Good understanding of mortgage security documentation
- Prior experience processing mortgage assumptions, renewals and/or new loan transactions an asset
- Good Understanding of the AML and Down Payment Verification requirements an asset
- Extremely organized and detail oriented
Working Environment and Physical Demands Analysis:
- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.
Why join First National?
- Competitive Compensation
- Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year
The team you’ll join:
Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.
Artificial Intelligence is not used in our recruitment or hiring process for this role.
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at
[email protected] should you need an accommodation at any point in the recruitment process.
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