Canadian Commercial Mortgage Lender. Compensation Survey: Inaugural Edition

Transcription

1 2011 Canadian Commercial Mortgage Lender Compensation Survey: Inaugural Edition

2 REALpac 2011 Canadian Commercial Mortgage Lender Compensation Survey REALpac is pleased to present the 2011 Canadian Commercial Mortgage Lender Compensation Survey. Sponsored by REALpac and conducted by FPL Associates L.P., this survey is designed to provide mortgage lender companies, including commercial banks, corporate banks, credit unions, insurance companies, investment banks, mortgage brokers and pension funds, with competitive compensation levels and current information regarding the design, features, and administration of compensation programs.. In particular, this survey provides information for three major facets of compensation for 30+ positions commonly found in real estate organizations: Base salary (2011) Annual incentive award value (for calendar/fiscal year 2010) Long-term incentive award value (for calendar/fiscal year 2010) This survey includes an extensive discussion on compensation trends within the industry and the broader marketplace. This survey also provides data on anticipated changes in compensation program design going forward. We are pleased that this year s survey included 13 participating organizations in just it s inaugural year. 01

3 Survey Participants Below are the 13 companies that participated in the survey: Standard Life Manulife Financial Alterna Savings and Credit Union Limited North Shore Credit Union Otera Capital Inc. Tricon Capital Group, Inc. Affinity Credit Union Timbercreek Asset Management First Calgary Financial Credit Union Ltd. Meridian Credit Union RBC Capital Markets Real Estate Group Coast Capital Savings Credit Union The Equitable Trust Company 02

4 Segmented compensation data tables Available for the following 30+ positions: Chief Executive Officer Chief Operating Officer Chief Financial Officer Chief Accounting Officer Head of Asset Management Senior-Level Asset Management Loan Workout Specialist Loan Department Director Senior Commercial Loan Officer Senior Credit Analyst Junior Credit Analyst Senior Loan Officer Junior Loan Officer Head of Originations Senior-Level Originator Mid-Level Originator Junior-Level Originator Head of Portfolio Management Senior-Level Portfolio Management Mid-Level Portfolio Management Head of Loan Closing Senior-Level Servicing/Loan Closer Mid-Level Servicing/Loan Closer Servicing/Loan Closing Assistant Head of Structured Finance Senior-Level Structured Finance Mid-Level Structured Finance Chief Underwriter Deputy Chief Underwriter Senior-Level Underwriter Mid-Level Underwriter Junior-Level Underwriter Loan Processor 03

5 Participant Demographics Participants represent a cross-section of the Canadian commercial mortgage industry. You will be able to find comparative data that will help you to benchmark your organization s compensation plans. Chart 1 Company Classification Chart 2 Size of Typical Financing Offered Chart 3 Number of Full-Time Employees 04

6 Sample Pages The REALpac 2011 Canadian Commercial Mortgage Lender Compensation Survey is aiming to be the leading source on total compensation and benefits in Canada. The visibility and insight delivered by this survey is unparalleled in Canada. You will receive data from the survey representing several types and sizes of companies, enabling you to compare and contrast your programs with those of your peers. The 2011 Canadian Commercial Mortgage Lender Compensation Survey includes numerous tables on compensation within the mortgage lender industry. No other source provides this depth and breadth of research. 05

7 2011 Canadian Mortgage Lender Compensation Survey CUSTOMER INFORMATION: (Please print) Name: Title: ORDER INFORMATION: No. of Units Price* (required): Company: Address: Non-Member 1 price is $5,000 per copy 2 Members of REALpac 1 receive a 40% discount ($3,000 per copy 1,2,3 ) Sub-total City: HST (13%) ( RT 0001) Province: Total 4 Postal Code: Telephone No.: Fax No.: PAYMENT INFORMATION: Cheque enclosed (payable to REALpac) Please charge my: Visa Mastercard American Express Card No.: Expiry Date: Name of Cardholder: (Please print) Signature of Cardholder: 1 To determine if your company is a Member of REALpac, go to > About Us > Our Members. 2 Entire report provided in hard copy; Compensation by Position Data Tables provided via online link to Microsoft Excel spreadsheet. 3 Members of REALpac that participated in the survey receive the results for $500. One hard copy of the report is included in the participant price. Extra copies may be ordered at a cost of $150 each. 4 Shipping & Handling included Orders are shipped via regular mail. Please allow 1-2 weeks for delivery. Shipping & Handling charges may apply for special deliveries. Contact Deborah Prestwich, Manager, Office Services, dprestwich@realpac.ca, x221. Post, fax or your order to: REALpac One University Avenue, Suite 1410 Toronto, ON M5J 2P1 Canada Fax No.: dprestwich@realpac.ca REALpac Privacy Policy: By completing this order form, you consent to REALpac using your information to provide you with the service and product for which this form is intended. For more detailed information about our privacy policy, please visit our website at