Associate, Cfg Credit - 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 Associate, CFG Credit is responsible for supporting the underwriting team in document fulfillment from receipt of deal through to the funding stages by acting as a liaison between underwriting, origination, funding and partner/borrower.

They will ensure compliance with the Company's established lending guidelines and specific deal requirements.

Additional duties are also required including assistance in due diligence prior to funding, reporting and special projects required by senior management.

The incumbent will be working closely with the Commercial underwriting team, the Commercial Originations team, Commercial Funders and Administrators, Mortgage Services, Accounting/Finance and other internal departments.

The Work:

On a daily basis, the incumbent will assist with the timely and efficient collection of documents for transactions by communicating with internal contacts (i.e. underwriters, originators) and external contacts (i.e. partners, brokers, sponsors) to ensure a deal is ready for underwriting and subsequent funding. The incumbent will scrutinize the files to ensure accurate receipt. The incumbent will also assist underwriters in the preparation of supporting documentation required as part of a credit submission like industry segmentation, aggregate exposure and fintrac (when it does not include down payment verification) (40%).
On a daily, weekly basis, the incumbent will assist the underwriter with due diligence items such as verifying personal net worth statements, agreements for purchase & sale, commercial leases etc. (20%)
On a daily basis, the incumbent will attend deal discussion meetings and biweekly deal meetings and record accurate and detailed notes on discussions between originations, credit and risk. Notes will include a summary of the discussion, outlining identified risks and clear outcome for each deal discussed. The incumbent is responsible for posting notes onto sharepoint (15%)
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 (10%).

Let's Talk About You:

Bachelors' degree considered an asset
Have a minimum of 5 years' commercial mortgage administration experience
Extensive working knowledge of MS Office (Word, Excel, Outlook, Power Point), Cyber Query and PPlus
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
Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner

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 allowan