Commercial Funding Administrator, Cmhc - 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 Commercial Funding Administrator is responsible for the day-to-day maintenance of various funding and administrative tasks.

Duties include preparing the Commercial Daily Funding Agenda and Pipeline reporting along with final report follow-up, tax calculation, wire remittances for third party refunds/fees and documentation validation.

Additional responsibilities include data entries in PPLUS and special projects required by management.

These duties involve liaising with the Bank's lending partners, solicitors, and staff within the Commercial Funding & Servicing group and other internal departments.

The core parts of your role would be to:

Daily, the incumbent will be responsible for the coordination, preparation, monitoring and delivery of the Daily Funding Agenda throughout the day, which is relied upon by senior management and several internal groups within the Bank.
Daily, the incumbent will be responsible for pipeline reporting for BES, CFG and CMHC Funding groups and posting on Sharepoint.
Daily, the incumbent will be responsible for completing the Validator report for BES, CFG and CMHC Funding groups and posting on Sharepoint.
On a daily basis, the incumbent will complete supporting steps related to funding and postfunding activities (i.e. set up property tax accounts in PPlus and prepare tax calculations, set up Pre-Authorized Debit (PAD) Accounts in PPlus, crosscheck wires, prepare and send client welcome letters), which are to be completed accurately and in a timely manner.
On closed transactions, the incumbent will be responsible for uploading the Validator and Funding Checklist; any gaps identified will be escalated to the responsible funders.
Once a transaction has closed, the incumbent will work with solicitors and partners to obtain final reports for all closed deals. In addition, to ensure data integrity for each loan in PPlus, the incumbent is required to leverage available reports to identify gaps or inaccuracies and solve or correct the issues.
The Commercial Funding Coordinator will also process wires/refunds to various parties (brokers, solicitors, insurance consultants, borrowers, etc.) accurately and in a timely manner.
On a weekly basis, the incumbent will be responsible for the preparation of specific and adhoc departmental reports which include but not limited to pipeline, data integrity, and cancellation reporting to be relied upon by Management. This entails regular communication and followup with Funders and internal servicing team. In addition, when required, the incumbent will be required to complete memos with supporting details for other departments to leverage their tasks.
Liaise daily with a variety of internal departments to address any unique adhoc issues that may arise and seek timely resolution.
Understand and follow departmental policies, guidelines, and procedures
Complete other tasks assigned at the request of Management
Gather data and accurately prepare assigned departmental reports as scheduled

Let's Talk About You:

Degree in business administration or finance or diploma program in a related discipline with a minimum of 12 years' experience in administration and servicing of mortgage loans
Experience in management reporting is considered an asset
Strong working knowledge of MS Office (Word, Excel, Outlook, PowerPoint) is a must
Strong attention to detail
Strong analytical skills
Strong organizational skills
Ability to handle multiple competing priorities and meet deadlines
Excellent time management skills
Teamoriented
Ability to solve problems and propose solutions
Highly developed verbal and written communication skills with the ability to respond in a cl