Associate, Special Loans and Restructuring
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Job Summary
At EQ were remaking banking so every Canadian gets ahead every day. Serving nearly 4 million Canadians from coast to coast we offer a wide variety of financial services from banking and lending to trust and credit union solutions.
Weve been at this since 1970 challenging the conventions of traditional banking with smarter faster and more connected financial experiences.
Whats kept us moving The people behind it all: challengers who ask better questions push back on old assumptions and look for a better way forward.
If youre driven to help reshape how banking works for Canadians and the businesses that power our economy this could be your next big opportunity. We cant wait to get to know you!
We cant wait to get to know you!
As part of a growing and dynamic Commercial team the Associate Special Loans and Restructuring will assist the Special Loans team with the management and oversight of the Commercial portfolio of delinquent and problem accounts which are comprised of all Commercial lending products.
TheAssociate Special Loans and Restructuring will provide direct supportto Associate Director Special Loansontheday-to-dayportfolio management and reporting requirementsof the may includeby performing a variety of functions associated with default managementsuch as preparing/reviewing reports attending/assistingat meetings portfolio management/monitoring projects andinitiatives and other administrative duties which may include assisting with ad hoc requests by Senior Managementamongst other things.
TheAssociate Special Loans and Restructuringis also responsible formaintainingandactioning the loan collections processand other relatedbreachesby borrowers include contacting direct clients internalteamsand/or Partnersregardingarrearsmaturing mortgagespast duetaxesand othernon-compliancematters.
The incumbent willassistSenior/Account Managers with the day-to-day management of their respective -related and administrative duties arerequiredto supportexecution ofplanned strategiesor related portfolio management requirementsad hoc requests/reportingandpipeline managementas well as networking with external business partnersalong with various staffwithin the Commercial departmentandother internal departments.
The incumbent will be working closely withall departments within the Bank (givennature of Special Loanstransactions) including Commercialunderwritingoriginationsfunders/administrators Mortgage Services Accounting/Finance legaland other internal departments.
The Core Responsibilitites!
- Daily the incumbent will support the Special Loans Management team with the ongoing management of active time will be spent on the review and analysis of loan data and preparation of reporting requirements (40%).
- Prepare and support review of critical reports in a timely and accurate manner for Senior Management may include but not limited to:
Support review of monthly provision delinquency and arrears reports.
Support preparation of quarterly problem loan reports.
Support review and completion of bi-weekly Watchcall reports/minutes.
Any ad hoc report as required.
- On a daily basis the incumbentsupportsthe Commercialdelinquencyprocesses andwill be in contact with direct clients or incumbent willbe requiredtoperform due diligencebeforerecommendingany arrangements to potentiallycuredelinquencyandexecute plan is approved(arrears or other breaches under the mortgage contract as applicable).The incumbent maybe requiredto obtain andscrutinizeany required supporting documentation andsubmitappropriatecreditsubmission(s)for any risk rating changesbased on in the applicablesystem(s)utilizedfor this processas needed(25%).
- On a daily basis the incumbent will supportAccount Managersand/ Managerswiththeexecution and management ofthe problem loans may include timely and efficient collection of documentsfor credit submission review due diligence itemssupport any legal action required RAISE system data inputposting transactionspreliminary/basic analysis(financials personal net worth statements leasesmarket research ESA/BCA reports etc.)and assist in anyad hoctasks. The incumbent must be able to manage multiple competing prioritiesin order toachieve aggressive timelines.(25%).
- On a daily basis the incumbent will support and assist on any departmental projects and/or deliverables as set by and assignments will vary in size and scope and may include but not be limited to development of new reports analysis system and process testing completion of various functional audits and monitoring and maintenance of procedural/compliance activity requirements pipeline development or related matters that will be relied upon by management (10%).
Lets Talk About You!
- Bachelors degree or equivalent work experience required.
- 3 years experience working in commercial banking or commercial mortgage lending.
- Understanding of mortgage enforcement remedies across Canadawould be an asset.
- Strong attention to details.
- Strong time management analytical and problem-solving skills.
- Established organizational skills and ability to handle multiple competing priorities.
- Self-starter with the ability to work independently or as team.
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner.
- Developed and effective negotiation skills both oral and written.
- Developed business sense with sound knowledge of secured lending and factors affecting the commercial mortgage market.
- Proficient user of all Microsoft tools.
- Knowledge of servicing procedures.
Equity Diversity & Inclusion
EQ is committed to building an inclusive accessible environment where every employee feels valued respected and supported. We believe our organization is stronger and our people thrive when we honour and celebrate diverse experiences identities and perspectives. Were equally committed to supporting your growth both professionally and personally.
We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage we will work with you to ensure you can bring your best self to the process and beyond.
As part of our recruitment process EQ uses AI to help screen assess and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank the countrys seventh-largest Schedule I bank by assets which operates EQ Bank Canadas Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.
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Required Experience:
IC
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
