Eqbank20d ago

Commercial Mortgage Coordinator, Commercial Finance Group (CFG)

Toronto · TorontoFull Timemid

OtherCoordinator

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Quick Summary

Overview

Join a Challenger Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

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OtherCoordinator

Join a Challenger

Being a traditional bank just isn’t 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 you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

The Commercial Mortgage Co-ordinator is responsible for maintaining and updating commercial mortgage files/pipeline report from receipt of deal through to the acknowledgement and funding stages by acting as a liaison between underwriting and funding, ensuring compliance with the Company’s established lending guidelines and requirements. Additional duties are also required including loan set-up in SIT, reporting and special projects required by senior management, providing the VP and Director, Commercial with advanced administrative and clerical support and networking with clients, brokers, Lending Partners and other external business partners as well as staff within the Credit & Risk Management group and other internal departments.

On a daily basis, the incumbent will assist with the timely and efficient processing of transactions by communicating with internal contacts (i.e. underwriters, funders, QA, treasury) to obtain and review required documentation while also acting as a liaison between various groups within the department. The incumbent will scrutinize the contents of the files to ensure accurate transfer of information to our internal systems. The incumbent must also ensure that AML/QA requirements are dealt with in a timely and accurate manner (35%).

On a daily basis, the incumbent will update/maintain the departments’ pipeline report along with the set-up/update of loans in SIT to track and manage deal flow. The incumbent will work closely with the underwriters to follow for outstanding conditions (35%).

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 department/Company which will be relied upon by Senior Management (15%).

On a daily basis, the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines (15%).

OSSD diploma, post-secondary education is considered an asset

Have a minimum of 2 years’ commercial mortgage/administration experience

Extensive working knowledge of MS Office (Word, Excel, Outlook, Power Point)

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

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.