Specialized Finance Collateral Specialist - Toronto, Canada - EQ Bank | Equitable Bank

EQ Bank | Equitable Bank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Join a Challenger
Being a traditional bank just isn't our thing.

We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking.

Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you're not afraid of taking on big challenges and redefining the future, you belong with us. You'll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family.

Overall we serve more than 370,000 people 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 5 million members.

Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our EQ Bank platform ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

The Work

The Specialized Finance Collateral Specialist is responsible for validating the underlying collateral associated with each Specialized Finance transaction in order to ensure it is accurate and adheres to the terms of the relevant credit agreement.

Additional duties are also required including loan set-up in PPlus, completion of draw requests, and special projects as required by the Associate Directors, and Managing Director, Specialized Finance, and AML/KYC review.

The incumbent will be working closely with the Specialized Finance team, Commercial Funders and Administrators, Compliance, and other internal departments.

The core parts of your role would be to:

Daily, the incumbent is responsible for carrying out the responsibilities of the Specialized Finance Collateral Management Team. These include, but are not limited to, management of the Purview tracking system and loan level collateral validation. (40%)
Daily, the incumbent will assist with the maintenance of borrowers monthly reporting, along with the setup/update of loans in PPlus to track and manage deal flow. The incumbent will work closely with Analysts and Associates to follow for outstanding conditions. (25%)
Daily, the incumbent will process draw requests, ensuring all conditions for advances are met, including reviewing reporting and other relevant documentation, updating PPLUS, and working with Commercial Administration to ensure funds are sent on time. (25%)
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 team, which will be relied upon by Senior Management (10%).

Let's Talk About You:

Bachelors' degree considered an asset;
Minimum of 1 year of commercial mortgage/administration experience;
Working knowledge of MS Office (Word, Excel, Outlook, Power Point);
Knowledge of PPlus considered an asset;
Ability to create adhoc reports in Excel with practical knowledge in importing data for the use in report software, spreadsheets and graphs;
Proven ability to capture and document information thoroughly;
Creatively solve problems and propose solutions with mínimal direction;
Excellent attention to detail;
Strong problem solving and analytical skills;
Excellent time management and organizational skills;
Ability to handle multiple competing priorities; and
Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner.

LI-Hybrid

What we offer [For full-time permanent roles]
\uD83D\uDCB0 Competitive discretionary bonus

Market leading RRSP match program

\uD83E\uDE7A Medical, dental, vision, life, and disability benefits

\uD83D\uDCDD Employee Share Purchase Plan

\uD83D\uDC76\uD83C\uDFFD Maternity/Parental top-up while you care for your little one

\uD83C\uDFDD Generous vacation policy, personal days and even a moving day

\uD83D\uDDA5 Virtual events to connect with your fellow colleagues

\uD83C\uDF93 Annual professional development allowance and a comprehensive Career Development program

\uD83D\uDC9B 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 Bank's additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone's diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not