Credit Operations Representative - Ottawa, Canada - Alterna

Alterna

Verified Company

Ottawa, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Status: 1 year Term

Salary Level-E

Reports to:
Manager, Credit Operations

Scope of Position

Major Responsibilities
The Credit Operations representative is responsible for the following areas within Credit Operations:

Efficient preparation of all Payouts for internal or external use ensuring accuracy and communication with the Retention Team;
Thorough and efficient review of all incoming request prior to file preparation; to ensure that audit, risk, treasury and securitization requirements have been met.
Maintain a high level of accuracy when completing all Commitment documentation in compliance with policies and securitization rules;
Reads, interprets and ensures validity of supporting legal documentation such as Title Sub searches, Commitments to Insure and CMHC/GE Certificate etc;
Prepares all legal documents and files in compliance with security and privacy regulations;
Prepares all Cost of Borrowing documentation ensuring up to date information and calculators are used in compliance with reporting guidelines.
Complete Cost of Borrowing maintenance documents ensuring that all changes to accounts are effectively reported and amendment disclosures are provided to members.
Reconciliation and accurate positing of Cumis Insurance accounts
Perform departmental audits for compliance with established policies and procedures to ensure regulatory, privacy and security compliance
Prepare all new property tax account documentation and maintain existing property tax accounts and reconciliations.
Ensure timely and accurate payment of property tax invoices to all municipalities
Disburses mortgage funds via cheque, wire or EFT to solicitor and other financial institutions.
Posts all credit transactions for retail and commercial accurately
Maintains an ongoing and comprehensive knowledge of all mortgage related products, services, promotions, calculations, rates and adheres to credit policies and procedures as set out by the organization;
Process the funding and daily requirements for Commercial and Syndicated loan Operations;
Comply with regulatory deadlines to mitigate financial and reputational risk to our members/clients and Alterna
Prepare and complete mortgage discharges accurately relaying the information to lawyers, branch staff and members.
Reviewing documentation for quality control by identifying problems or challenges and initiating corrective actions.
Review all communication received from the Supervisor regarding any policy, procedure and/or legislative changes and ensure a comprehensive understanding of the changes.
Liaises with employees, member/client, lawyers, notaries, Commercial Department, and other financial institutions to facilitate all credit product, insurance and commercial transactions;
Complete User Testing for any banking system releases, ensuring all processes are functioning accurately and communicate any potential risks
Ensure department tracker is completed accurately on a daily basis

Qualifications:

_ Educations/Certifications/Experience_

Post secondary education and/ or equivalent work experience
3 year of related experience in a financial institution
Proficient use of Excel/MS Word required

_ Knowledge/Skills_

Detailed working knowledge of Alterna Savings/Alterna Bank products and services
Good knowledge of Alterna's banking system

_ Competencies_

Excellent verbal and written communication skills that enables effective interaction with employees, members/clients and business representatives
Proven analytical and problem solving skills
Comply with hours of work to ensure deadlines and deliverables are consistently met.
Demonstrate time management abilities
Attention to details and accuracy
Excellent people skills and passion for providing exceptional member/client service
Ability to multitask

About Alterna Savings
Alterna Savings and Credit Union Limited (Alterna) has been the good in banking for over 110 years. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.

As the first full-service, member-owned cooperative financial institution outside Quebec, Alterna Savings shares its expertise with 217,000 members through a network of 46 branches across Ontario, as well as call centre and digital channels.

Members and customers also benefit from an industry-leading online brokerage, investment management services, and have access to over 43,000 surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US.

Working at Alterna
Alterna offers a fast-paced, impactful work experience in an organization that cares about doing good.

For over 110 years, Alterna has been creating financial services that transform lives for the better, all while giving back to our community.

We are incredibly proud of our corporate culture, where everyone works together towards a common g