Commercial Administration Officer
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Why DUCA
Were a vibrant exciting credit union that lives its profits with a purpose philosophy in every financial transaction product interest rate and community initiative we offer. Founded in 1954 DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85000 Members we are proud to serve.
We exist to help People Businesses and Communities Do More Be More and Achieve More.
DUCA () is distinguished for the following:
- Positive un-big bank like service experience delivered through Member-facing staff in branch on the phone (Member-Connect) and via our Mobile mortgage specialists Wealth Management advisors and Commercial and Business Banking Account Managers.
- Competitive rates.
- Personalized financial solutions guidance and service with the lowest possible fees for both Personal and Business Members.
- Profit sharing among Members.
- Multiple ways to bankonline mobile app phone/full-service Member Connect Contact Centre and of course in-branchDUCA is accessible 24/7
- A community philosophy of profits with a purpose culminating in the creation of the DUCA Impact Lab () a charitable foundation committed to helping the credit challenged and underbanked. This led to DUCAs designation as a B-Corp certified organization the first ever credit union to receive this global recognition.
A career with DUCA means youll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more Be more and Achieve more with their money and their lives. At DUCA youll be part of a vibrant and collaborative team where youll be supported to excel and make an impact no matter what role you play.
Commercial Administration Officer
DUCA is looking for a Commercial Administration Officerto join our growing team!
The Commercial Administration Officer is responsible for various functions and duties related to the back-office processes that encompass payment processing annual reviews repayments property insurance monitoring as well as supporting projects and new initiatives. The risk associated with the size and complex nature of our mortgage portfolio demands a high degree of precision and efficiency on the servicing functions of this group. The Commercial Credit Operations group is focused on being a high performing team through continuous improvement and delivery of value to our Members.
Key Accountabilities & Duties
- Process Commercial Annual Reviews and covenant breach/non-tolerance letters
- Process loan documentation and fulfill conditions precedent requirements for Renewals Extensions and Amending Agreements for Business Banking and Commercial Lending Team
- Process mortgage payments fees and Pre-Authorized Debits
- Maintain monthly insurance expiry report collect past due insurance polices by contacting brokers and follow-up with cancellation policies until insurance is satisfactory and up-to date
- Conduct sub-searches and corporate profile searches
- Assist with Personal Property Security Act (PPSA) Report and register PPSA renewals
- Liaise and maintain positive relations with borrowers lenders brokers insurers external vendors and other departments for any information requests
- Maintain and develop controls to ensure the integrity of the mortgage loan system and the accuracy of information
- Administer Canadian Small Business Financing Act (CSBFA) quarterly administration fees and yearly reconciliation reporting to Revenue Canada
- Prepare information statements payouts and discharge documentation administer partial principal reductions and release of loan security for review
- Prepare paid out files for shipment to Iron Mountain
- Support various projects to organize credit and banking system
- Support Commercial Operations Team with various reporting when required
Occupational Experience & Education Requirements
- 1-2 years experience in mortgage administration preferred
- Post-secondary education in a related field (Business administration Finances etc.) considered an asset
- Intermediate experience with Outlook Excel and Word
- Familiarity with commercial/residential mortgage loan documents considered an asset
- Experience in Financial Services specifically the Credit Union system considered an asset
Knowledge Skills & Attributes
- Ability to handle multiple competing priorities
- Good time management skills with ability to meet tight deadlines
- Strong commitment to high level of customer service
- Good organizational skills with attention to detail
- Ability to work in a team environment
- Knowledge of mortgage-backed securities would be an asset
- Ability to prioritize and organize workload to meet stringent turnaround times as necessary
Working Conditions
- Normal Office Enviornment
Department:Commercial Credit Operations
Primary Location:Corporate Office - 5255 Yonge Street North York M2N 6P4
Employment Status: Full-Time
Hours per Week: 38
Salary: The annual salary range for this position starts at$40634. Actual annual base salaries will vary depending on relevant job-related factors such as experience knowledge skills qualifications and education/training. Depending on the position DUCAs total compensation package may include incentive compensation tied to company and individual performance or other benefits.
Number of Vacancies: 1
DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.
Qualified applicants are encouraged to submit their application.Applications must include a resume.
We thank all applicants but only those considered for an interview will be contacted.
Required Experience:
Unclear Seniority
Key Skills
- Administrative Functions
- office supplies
- Personnel Matters
- Records Management
- Office Procedures
- Space Management
- Daily Operations
- Administrative Policies
- Personnel Management
- Administrative Services
- Interpersonal skills
- Telephone Calls
- Travel Arrangements
- Administrative Procedures
- Word Processing
