Special Loans and Restructuring Lead

4 weeks ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
Job Description:

We are a challenger bank that innovates the banking experience for Canadians. Our team consists of inquisitive and agile minds that find smarter ways of doing things.

The Special Loans and Restructuring Lead will manage commercial default files, problem accounts, and enforce mortgage contract conditions while minimizing losses to the Bank. They will act as the primary contact for internal and external stakeholders, representing the Bank in the professional community.

The core parts of this role include managing delinquent and problem commercial mortgages, processing loans for legal action, conducting financial reviews, and negotiating workout strategies with stakeholders. The incumbent will also work closely with the Mortgage Services team to resolve commercial delinquencies and provide timely updates to Senior Management.

Requirements:
  • 5-7 years of commercial mortgage experience or related
  • 2 years' defaults experience
  • Business degree or a related discipline, and/or a CPA or similar professional designation or equivalent work experience
  • Understanding of mortgage enforcement remedies and foreclosures across Canada
  • Effective analytical and problem-solving skills
  • Sound technical knowledge of secured lending and factors affecting the commercial mortgage market
  • Meticulous time management and organizational skills
  • Multi-tasking skills with strong attention to detail when handling multiple competing priorities under tight timelines
  • Possess a valid driver's license. Ability to travel within the provinces, with some overnight travel required from time to time

What We Offer:
Competitive discretionary bonus
Market leading RRSP match program
Medical, dental, vision, life, and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program

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