Credit & Securitization Officer-(Hybrid)
Credit & Securitization Officer-(Hybrid)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients developing strategies products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information visit .
What we offer:
- Work-life flexibility
- Hybrid workenvironment
- One time allowance to set up your office for remote first employees
- Variable annual incentive plan
- Generous annual vacation allotment
- Top-notch flexible benefits planincluding family building and gender affirmation
- Retirement Plan matched contributions at 6%
- Access toa learning platform and educational assistancesupport
- Access to a virtual wellness platform
- Career development opportunities
- Wellness Flex Fund to support personal interest and activities
- Day off to volunteer in your community andother paid time off options
- Corporate discounts
*subject to employment agreement
Job Summary:
As a Securitization Officer youll be part of a specialized team that plays a vital role in helping credit unions fund residential mortgages. This position focuses on the securitization and sale of mortgages through the Mortgage-Backed Securities (MBS) and Canada Mortgage Bond (CMB) programs as well as our whole loan aggregation and acquisition program. Youll work closely with credit union partners on large-dollar transactions providing both expertise and exceptional client service.
What you will be doing:
In this role youll take ownership of your responsibilities act with urgency and deliver an outstanding experience for our clients and partners. Some of your key responsibilities will include:
Program Knowledge & Client Service
Build deep expertise in the MBS/CMB program requirements and the mortgage products eligible for securitization.
Stay current on mortgage securitization policies procedures and system updates.
Provide timely accurate information to credit unions and internal partners resolving issues with sound judgment and attention to detail.
Act as a subject matter expert for process improvements and new initiatives.
Monthly Reporting & Reconciliation
Prepare and reconcile monthly reports for credit unions ensuring data accuracy and compliance.
Process and monitor cash flows between credit unions Central 1 and external partners.
Meet strict deadlines for reporting to Computershare CMHC and other stakeholders.
Pool Formation & Administration
Work with credit unions to determine pool requirements and ensure mortgage data integrity.
Create and manage MBS pools prepare insurer files and coordinate with credit unions on results.
Ensure all forms and payments are processed accurately and on time.
Cashflow Management
Oversee the MBS P&I Trust Account ensuring balances wires and journal entries are processed correctly and on schedule.
Monitor custodial accounts to maintain required balances and compliance.
Whole Loan Program
Review and process third-party mortgage purchases ensuring compliance with documentation requirements.
Complete reconciliations and provide regular reports to internal teams.
Other Reporting & Oversight
Run delinquency liquidation and arrears reports and coordinate with credit unions as needed.
Prepare executive and summary reports for leadership.
Reconcile accounts and ensure accuracy across all reporting streams.
What youll have:
Post-secondary education in accounting finance or equivalent experience in a related field.
At least 3 years of experience in financial administration and reporting.
Familiarity with mortgage administration or securitization (experience with CMHCs NHA MBS Program is a strong asset but not required).
Strong analytical and reconciliation skills with a knack for spotting details others might miss.
Excellent problem-solving and time management skills you can stay organized and meet deadlines even when priorities shift quickly.
The ability to interpret financial data and turn it into clear insights and recommendations.
A solid understanding of accounting principles; exposure to treasury concepts is a plus.
Advanced Excel skills (including macros) and intermediate knowledge of Word.
Great communication and interpersonal skills youll work closely with credit unions CMHC Computershare mortgage insurers and teams across Central 1.
A collaborative can-do mindset you thrive in a team environment and are adaptable to changing priorities.
A high level of professionalism and discretion you know how to handle sensitive information with confidentiality.
Salary range: $60000-$70000
The salary representsthe job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge skills qualifications experience and education/training
#LI-Hybrid
Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
