Specialist, Loan Portfolio - Toronto, Canada - Futurpreneur Canada

Futurpreneur Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

About Futurpreneur Canada
Futurpreneur Canada has been fostering the entrepreneurial passions of diverse young entrepreneurs across Canada since 1996.

We're the only national, non-profit organization that provides financing, mentorship and resources to aspiring business owners aged More than 17,700 young Canadian entrepreneurs, spanning every province and territory, have successfully launched their business with Futurpreneur's support.

Their main street businesses help drive Canada's inclusive economic prosperity in communities from coast to coast to coast.

Futurpreneur is a founding member of the G20 Young Entrepreneurs' Alliance, the Canadian member of Youth Business International, and the Canadian host of Global Entrepreneurship Week.

Our Purpose (why we exist): To drive inclusive Canadian prosperity by fostering the success of young entrepreneurs

Our Mission (what we do every day to achieve our purpose):To provide early-stage financing, and mentorship, alongside experiences and resources to help diverse, aspiring entrepreneurs aged 18-39 launch successful businesses that contribute to sustainable and inclusive economic development, in their communities and for Canada.

Our Values (how we work - our core principles & commitments): We are mission-driven, collegial & collaborative, diverse & inclusive, and accountable & transparent.

Here's the opportunity:

The Specialist, Loan Portfolio is responsible for Futurpreneur's repayments and portfolio management practices.

Reporting to the Director of Finance, the incumbent will successfully implement the loan portfolio's business plans to ensure results are achieved and work along two Coordinators, Loan Portfolio.

The Specialist, Loan Portfolio will be responsible for maintaining the accuracy and integrity of the loan portfolio.

This is a 14-month temporary contract, full-time position that located in Toronto. The incumbent will be working on our hybrid work model (minimum 2 days in the office).

What you will do:

Loan Portfolio Management (70%)

Support with the planning, leadership and coordination of loan portfolio management
Review disbursements and ensure accuracy of disbursement amounts and banking information before funds are EFTed to young entrepreneurs (YEs)
Review all loan payments for active accounts in the portfolio
Coordinate and prepare writeoff reports reporting on settlements, consumer proposals, bankruptcies, and bad debts
Coordinate and prepare delinquency reports reporting on delinquent accounts
Make notes on accounts over 90 days past due for the Client Support team to follow up on or write off
Oversee bad debts reporting to third party debt collection company (D&A) and maintain relationships to follow up on collection efforts
Review and upload monthly Equifax report and send entrepreneur account updates as needed
Evaluate the effectiveness of the Loans system, as needed. Manage improvements to the Loans system which will help to improve reporting and loan processing
Continuously improve the Client Loan Portal platform by exploring features to improve the client experience
Develop and monitor loan performance metrics. Monitor and report on loan portfolio performance by looking at trends relating to restructures, writeoffs and delinquencies
Monitor the launch of any new loan product and report on any trends both within the entire portfolio, as well as separately
Working with the Director of Finance, make recommendations for improvement efficiencies within the Loans team by discussing ways to streamline processes between Compliance, Loans and Client Support

Work with Finance (30%)

Support Director of Finance and Chief Finance Officer with loans related financial reporting and coordinating activities for monthend, yearend and external audit
Support the Finance team with monthly and quarterly BDC reporting, including loan loss ratio
Prepare loans reporting for BDC colending disbursements

What you bring:

Relevant experience may include education with a focus in Finance or equivalent handson career experience
Four (4+) years previous work experience in a related field and/or position
Strong project coordination skills required
Proficient with Microsoft Excel
Strong attention to detail
Bilingualism in French & English (spoken & written) considered an asset
Ability to analyse data
Demonstrated ability to work effectively under pressure in a dynamic environment
Proven success working pro actively both independently and as part of a team
Demonstrated problem solving and decisionmaking skills
Knowledge of small business sector in Canada; experience working with entrepreneurs and volunteers preferred
Alignment with Futurpreneur's values and commitment to the mission/purpose of the organization
Be a role model for Futurpreneur's organizational culture by creating a positive impact at every touchpoint with people

**HO