Default Administrator

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Join a Challenger

Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.

Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned 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 customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.

The Work:

The Default Administrator performs a variety of administrative functions associated with the preparation of default statements processingdelinquent loan paymentsandaccurately inputting information into software applications for reporting purposes. TheDefault Administratorprovides support to the Default Officers/Specialistsand the Default Manager(s) for residential and commercial will work towards reaching a target set by management each month.

The Core Responsibilities of the Role:

Accurately preparevarious typesof mortgage statements for loans in arrears for bothresidential andcommercial mortgages/line of credits within specified timeline for accounts under mortgage enforcement.
Post a variety of financial transactions including incoming and outgoing payments ina timelyandaccuratemanner which may involve multiple systems.
Accuratelyidentifyshortfalls and refunds in conjunction with receipt of up to date/payout funds and notify Default Officers/Specialistsin a timely manner.
Ensure storage of all relevant documents inappropriate system(s).
Ensure all financial transaction involving athirdparty in default areaccurateand completedin a timely manner.
Prepare and review discharge documentsprovide to management for executionandsendthe package to appropriate solicitor.
Updateloan statusRisk CodeandBCAR weightingsonappropriate system(s)asrequiredbased on specific timelines.
Updatewatch list for loans that are up to date or back in arrears.
Liaisedailywith a variety of internal departments to address any unique adhoc issues that may arise and seektimelyresolution.
Understand and followdepartmental policies guidelines and procedures.
Complete tasks assigned at the request ofManagement.
Review and investigate any balances in Sundry for files in DefaultandRecovery.
Gather data and accurately prepare assigned departmental reports as scheduled.

Lets Talk About You!

Degree or diploma program in a related discipline with a minimum of 2-3 years experience inthe mortgage industry.
In depth knowledge and understanding of companys payments processes and policies.
Strong math and analytical skills.
Strong attention to detail.
Ability to meet tight deadlines.
Ability to balance multiple priorities simultaneously.
Strong organization skills.
Superior customer serviceskills.
Team-oriented.
Ability to solve problems and propose solutions.
Knowledge of various software including MS outlook Word with intermediate excel skills beinga must.
Self-motivated with the ability to work withvery littleor no supervision.

What we offer For full-time permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical dental vision life and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up 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 2200-25 Ontario Street 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 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 barrier-free 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

Join a ChallengerBeing a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate abo...