Specialized Finance Collateral Specialist- Contract
Specialized Finance Collateral Specialist- Contract
Posted on :
13-04-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.
We are a big (and growing! family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks whollyowned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform eqbank one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
- This is a contract role to cover a maternity leave with the possibility of extension based on business needs.
The Specialized Finance Collateral Specialist is responsible for validating the underlying collateral associated with each Specialized Finance transaction in order to ensure it is accurate and adheres to the terms of the relevant credit agreement. Additional duties are also required including loan setup in PPlus completion of draw requests and special projects as required by the Associate Directors and Managing Director Specialized Finance and AML/KYC review. The incumbent will be working closely with the Specialized Finance team Commercial Funders and Administrators Compliance and other internal departments.
The core responsibilities
- Daily the incumbent is responsible for carrying out the responsibilities of the Specialized Finance Collateral Management Team. These include but are not limited to management of the Purview tracking system and loan level collateral validation. 40
- Daily the incumbent will assist with the maintenance of borrowers monthly reporting along with the setup/update of loans in PPlus to track and manage deal flow. The incumbent will work closely with Analysts and Associates to follow for outstanding conditions. 25
- Daily the incumbent will process draw requests ensuring all conditions for advances are met including reviewing reporting and other relevant documentation updating PPLUS and working with Commercial Administration to ensure funds are sent on time. 25
- On a daily weekly monthly and quarterly basis the incumbent will be responsible for the preparation of specific reports on assigned categories as well as contributing to special projects required for the team which will be relied upon by Senior Management 10.
Lets talk about YOU
- Bachelors degree considered an asset;
- Minimum of 1 year of commercial mortgage/administration experience;
- Working knowledge of MS Office (Word Excel Outlook Power Point);
- Knowledge of PPlus considered an asset;
- Ability to create adhoc reports in Excel with practical knowledge in importing data for the use in report software spreadsheets and graphs;
- Proven ability to capture and document information thoroughly;
- Creatively solve problems and propose solutions with minimal direction;
- Excellent attention to detail;
- Strong problem solving and analytical skills;
- Excellent time management and organizational skills;
- Ability to handle multiple competing priorities; and
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner.
What we offer For fulltime permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental topup while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 351 King Street East Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrierfree recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Unclear Seniority
Employment Type
Contract
Key Skills
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