Residential Underwriter

About us

Hana Bank Canada is a federally regulated Schedule II bank and is a subsidiary of Hana Financial Group, a leading global financial group headquartered in South Korea. As a leading provider of financial solutions for the Korean community in Canada, our mission of “Growing Together, Sharing Happiness” keeps us focused and grounded as we strive to fulfill our role as a “Solution Provider” for our growing customer base in a rapidly changing financial environment. With 7 branches and a strong global network across 24 countries, we combine international expertise with a deep understanding of local banking needs to provide trusted financial services. We are committed to advancing sustainable growth and fulfilling our social responsibilities.

Overview

We are currently searching for the Residential Underwriter to join our Credit Underwriting and Reporting Department. The Residential Underwriter is responsible for preparation of loan evaluation documentation for assigned deals, preparing financial reviews and risk assessments including due diligence of new RESL applications for Residential Borrowers, along with providing confirmation of pre and post disbursal conditions and RESL renewals as required.

Key Responsibilities :

Perform Complete Analysis of RESL Lending Applications sent by Branches or Loan Centre.

• Complete in-depth loan analysis/underwriting for assigned deals supported by appropriate due diligence and a well-rationalized recommendation by completing the appropriate Loan Application for decision by the RESL Senior Manager/Manager or RMD/LAC’s review and approval.
• Assigned deals will comprise RESL applications for Mortgages, Staff Loans and Personal Overdraft loans.
• Work closely with Branches and Loan Centre to obtain all relevant information required to complete in-depth loan analysis in conjunction with factors contributing to the credibility and all types of potential risks of the assigned deals (eg income documents, credit reports, rent rolls, financial statements, invoices, property management contracts, leases, appraisals, environmental site assessments, building condition assessments, etc.)
• Review credit packages prior to submission for policy compliance, structural soundness and credit worthiness and make necessary changes as required.
• Perform in-depth due diligence and reviews on collateral such as appraisals, environmental assessments and building condition assessments and opine on any issues.
• Evaluating customers’ credit data and financial statements and identify exceptions to policy in order to determine the degree of risk to make sound credit decisions in line with Bank’s Risk Appetite Statement.
• Take a solution focused approach to underwriting by offering alternative structures and/or funding conditions as appropriate.
• Perform periodic renewals as required based on unqualified status.
• Monitor all pre and post condition outstanding in accordance with the credit evaluation report and approval.
• Follow up and help resolve any loan funding or asset management issues.
• Work with Marketing, Adjudication/Loan Committee and the Branch to ensure smooth process to finalize documentation and funding of Approvals.

Perform Risk Assessment

• Protect the Bank’s assets and maintain portfolio quality by adhering to the Bank’s Lending processes, policies & procedures, legal and ethical requirements and regulations, audit requirements, and established risk guidelines. Ensure all business is in conformity with Bank Policies and prescribed guidelines.
• Manage risk and minimize losses through monitoring and control reports, ensuring compliance requirements, audits, and verifications are completed in accordance with Bank Policies & Procedures and all legal, regulatory and ethical requirements.
• Maintain up-to-date knowledge and understanding of products, processes, and relevant legal, regulatory (B-20 requirements) and technology requirements through audits and quality checks, to ensure decisions are adequately documented, and clearly communicated.
• Research and maintain records relating to market conditions (e.g. vacancy rates, rental rates, cap rates, property values).
• Communicate effectively with Marketing, Adjudication/Loan Committee and Branches in order to maintain strong customer relationship with a focus on the credit quality & growth of the bank’s loan portfolio.

Other assigned duties

• Demonstrate team spirit and work closely with team members and all business partners
• Perform Credit Renewals as required;
• Perform all other administrative duties pertaining to Credit Lending and Reporting as and when required
• Other relevant duties as assigned

Qualification and Skills :

• 3+ years of experience
• Strong knowledge of Bank’s RMUG, RMUP and Regulatory B-20 Guidelines
• Attention to detail
• Strong mathematical aptitude
• Strong interpersonal and decision making skills
• Analytical and comprehension skills
• Ability to work against tight deadlines and prioritize tasks
• Strong business sense combined with sound technical knowledge of secured lending

At Hana Bank Canada, you’ll join a close-knit and diverse group of professionals in a collaborative, supportive environment. You will have the unique opportunity to gain exposure to the global market, make a real impact, and grow your career. With a focus on growth, happiness, and customer satisfaction, Hana Bank Canada is a company that truly values its employees.

To learn more about the opportunity and explore career openings, please visit our Careers page at www.hanabank.ca.

This recruitment process does not use artificial intelligence (AI) enabled tools.

Hana Bank Canada is an Equal Opportunity Employer.

We value diversity and inclusion in our workplace and are committed to providing fair and unbiased treatment to all employees and applicants. At Hana Bank Canada, we strive to create an environment where everyone feels respected, valued, and supported. We provide reasonable accommodations for individuals with disabilities and ensure that our hiring and employment practices are inclusive and accessible. We encourage individuals from all backgrounds to apply and join our team. Together, we can build a stronger and more inclusive workplace.

Job Types: Full-time, Permanent

Benefits:

• Dental care
• Extended health care
• Paid time off

Language:

• Korean (preferred)

Work Location: In person