Senior Vice President Mortgage Investment Corporation

Location: Vancouver, BC

Salary: $200,000 - $225,000 plus competitive ST and LT Incentive plans (total compensation of $350,000 - $500,000

ABOUT US

STRIVE is a specialist recruitment firm offering proactive recruitment solutions in the areas of Accounting & Finance, Corporate Administration, and Manufacturing Operations. STRIVE supports various clients from small to medium-sized enterprises to Fortune 500 organizations for their permanent, contract, and temporary recruitment needs.

THE ROLE

STRIVE Recruitment is thrilled to be partnering with a well-established, fully integrated real estate financing and investment firm in Vancouver. With over 45 years of success, our client has built a reputation for delivering steady returns by leveraging deep expertise in the residential and commercial real estate markets across BC, Alberta, and Ontario. As they continue to grow, they are seeking an experienced and strategic Senior Vice President to join their executive leadership team and drive the companys investment strategy, portfolio growth, and operational success.

This is more than just a senior leadership positionits an opportunity to take on a pivotal role in a growing, successful mortgage investment firm with a proven track record. As Senior Vice President, you will have the chance to influence the direction of the companys investment strategy, lead a talented team, and make a meaningful impact on the growth and success of the business. If you're an innovative leader with a passion for real estate finance and investment, this could be the next step in your career.

WHY JOIN?

- Long-standing success: Over four decades of providing consistent returns for investors.

- Strategic influence: The SVP will directly shape and execute the fund's strategy across diverse mortgage investment opportunities.

- Leadership: Join a dynamic leadership team and oversee key operations, from portfolio management to investor relations.

- Exposure to a diverse portfolio: Work with a balanced asset portfolio spanning land, construction, income-producing properties, and finished inventory loans.

- Impactful role: Lead high-level decision-making and interact with both investors and senior management, influencing the future of the firm.

KEY RESPONSIBILITIES

Strategy & Operations:

- Develop and implement fund strategies aimed at delivering stable yields of Prime +2.0% to Prime +3.0%, ensuring a competitive return for investors.

- Oversee portfolio management, balancing a diverse range of real estate financing projects across land, construction, and finished inventory loans.

- Lead negotiations for debt and equity financing, manage leverage and cash flows, and ensure strong investor relations.

Board Engagement:

- Work closely with the Board of Directors, attending meetings and contributing to key strategic decisions.

- Ensure timely preparation of agenda items, information packages, and minutes for the board while securing adequate Directors and Officers (D&O) insurance.

Financial Oversight & Cash Flow Management:

- Supervise cash flow operations, including new loan approvals, syndications, loan repayments, investor dividends, and operational expenses.

- Ensure accurate and timely reporting, providing clear financial oversight.

- Collaborate with the Controller and CFO to manage annual budgets, loan quotas, and detailed financial reporting.

Credit & Origination:

- Review and approve new loan applications, ensuring that comprehensive risk mitigation strategies are in place.

- Lead portfolio management efforts by structuring loans and providing critical risk assessments.

- Work alongside the President to support loan origination, structuring, underwriting, and the creation of co-lending partnerships.

Investor Relations & Industry Representation:

- Manage quarterly reporting to investors, building and maintaining strong relationships to attract and retain investment capital.

- Organize and lead investor events, providing updates through meetings, calls, and social media to keep stakeholders informed and engaged.

- Represent the company at industry events and conferences, building relationships with banking partners and negotiating key terms for credit lines and loan covenants.

Compliance & Licensing:

- Act as the Designated Individual (DI) under the Mortgage Brokers Institute, maintaining compliance with the BC Financial Services Authority (BCFSA) regulations.

- Oversee compliance with licensing requirements, working closely with the firms Chief Compliance Officer.

HR & Leadership:

- Lead a high-performing team, managing hiring and staff development while ensuring a smooth succession planning process for key roles.

- Mentor and coach staff to drive performance, while fostering a culture of growth and collaboration.

Special Projects & Strategic Initiatives:

- Oversee and execute special projects, including regulatory compliance, IT implementations, and office relocations, as needed.

- Manage key contract negotiations with co-lenders, service providers, and other business partners.

QUALIFICATIONS & EXPERIENCE

- 10+ years of experience in Real Estate Finance, including experience with credit unions, banks, or alternative lenders.

- Demonstrated success in leading portfolio management, credit underwriting, and real estate financing projects.

- Strong understanding of complex financial structures, with the ability to assess company financials, cash flows, and industry projections.

- CPA, CFA designation, MBA (or similar) is a strong asset.

- Proven leadership skills, with the ability to mentor teams, manage multiple stakeholders, and influence strategic decisions at the highest levels.

- Requires good analytical skills to filter, prioritize and validate potentially complex material from multiple sources.

- A pro-active disposition with ability to work autonomously and within a team.

- High proficiency in financial analysis, including advanced knowledge of Microsoft Excel and other financial software.