Commercial Mortgage Coordinator, Portfolio Management, CMHC
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Job Location:
Monthly Salary:
Posted on:
4 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 Commercial Mortgage Coordinator is responsible for the day-to-day maintenance of a variety of commercial mortgage pipelines and reports which are designed to track loan originations loan securitization pools and loan maturities. Duties include preparing daily weekly and monthly management reports contacting Lending Partners to follow up on and administering renewals and loan extensions on SIT. Additional duties include loan set-up in SIT renewal and extension processing in SIT and special projects required by senior management. These duties will involve liaising with Lending Partners as well as staff within the Credit & Risk Management group and other internal departments.
The core parts of your role would be to:
- 30% - 35% - On a daily basis the incumbent will be responsible for maintaining the currency of all departmental pipeline reports. The incumbent will be responsible for the preparation of specific departmental pipeline reports that will be relied upon by Management. This entails regular communication and follow-up with Lending Partners and various internal colleagues to ensure that timely status updates on securitization pools and loan maturities are recorded.
- 20% On a daily basis the incumbent is responsible for processing loan maturities extensions and renewals as well on SIT on a timely basis to meet the requirements of securitization and origination timelines. The incumbent will ensure that all conditions precedent to renewal are met which entails follow-up with Lending Partners to ensure that all required documentation is received and that all renewing mortgages meet EQBs AML guidelines and standards.
- 15% On a daily basis the incumbent is responsible for prompt set-up of new loans on SIT as well as data management and the processing of CAFS for all approved loans.
- 10% On an ongoing basis the incumbent is responsible for review and recommendation for updates and enhancements to all pipelines and other reporting tools. This includes designing and formatting Cyberquery and Excel-based reports.
- 10% On a daily basis the incumbent will assist other members of the underwriting team with input and set-up of new credit risk analyses.
- 10% - On a daily basis the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines.
Lets Talk About You!
- Post-secondary education and/or equivalent working experience preferably in business or finance is required
- Minimum 1-2 years experience in financial services
- Experience in management reporting is considered an asset
- Strong working knowledge of MS Office (Word Outlook PowerPoint)
- Extensive working knowledge of Excel and Cyberquery. Proficiency with Excel macros is considered an asset
- Strong analytical skills
- Strong organizational skills
- Ability to handle multiple competing priorities
- Excellent time management skills
- Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner
Job Complexities / Thinking Challenges
- The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature requiring in-depth reviews of documentation.
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:
IC
Key Skills
- Loan Origination
- Sales Experience
- Microsoft Office
- Financial Services
- Customer Service
- Organizational skills
- Communication skills
- Military Experience
- Fair Housing Regulations
- Inside Sales
- Outside Sales
- Word Processing
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.
