Funding Officer

6 months ago

Calgary, Canada MCAP Full time

**Funding Officer**

**MCAP at a Glance**

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

**The Role**

Key responsibility for this role is identifying credit risks, ensuring loan security is in place and ensuring service standards are maintained.

**_ Construction Loans_**
- Manage an assigned portfolio of construction loans.
- Perform full set-up of construction loans to the loan management system, internal shared drives, and investor portal.
- Instruct and liaise with external consultants: e.g. lawyers, insurance consultant, cost consultants.
- Collect, review, and verify loan documentation and funding information from various stakeholders and third parties to ensure all funding condition requirements are met prior to established funding date.
- Review third party reports such as geotechnical, environmental and appraisals, cost consultant reports and make decisions within the delegated authority as to their acceptability.
- Perform sales and deposits analysis in accordance to a loan’s sale condition precedent
- Review and verify the Borrower ownership structure utilizing corporate documentation, client identification and ID Forms to ensure that all AML criteria has been met and screened by the Compliance Team.
- Review and process progress advances based upon a cost consultant’s report to ensure that both correct source and advance amount are being recommended for approval.
- Ensure that all Investor approvals are in place for each advance and that the mortgage security is/remains in place maintaining the lender’s priority position.
- Arrange for internal signoffs to an advance and liaise with the Investor(s) with respect to the satisfaction a loan’s condition precedent.
- Post advance and administrative financial transactions onto the loan management system.
- Diarize follow-up event items on the loan management system, e.g. insurance, financial statements, solicitor reports undertakings.
- Review and verify the monthly Borrower statements.
- Prepare full and partial discharge statements in accordance to the terms and conditions outlined in a loan’s commitment letter.

**_ Letters of Credit Transactions_**
- Responsible for requesting Letters of Credit via BMO Trade Finance or the associated Investor depending on Investor.
- Responsible for processing Letters of Credit Amendments and posting transactions on loan administration management system during the life cycle of the loan.
- Review and verify the monthly invoices and payment of Letter of Credit Fee.

**What You Bring To The Team**
- Three to five years of recent and related experience, preferably in commercial or related construction funding.
- Excellent organizational and time management skills.
- Strong attention to detail with the ability to manage large volumes of data.
- Comprehensive MS Office experience; demonstrated proficiency in excel.
- Exceptional oral and written communication skills.
- Strong analytical and problem-solving skills.
- Quick learner with the ability to foster relationships and provide strong customer support.
- Self-driven, motivated with the ability to work independently and as part of a team.
- Post-secondary education (Diploma or Degree).

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies in Canada, then we want to hear from you

**Be A Part Of Something Great**

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

**Position #**: req1746

**Employment Status**:Permanent Full Time

**Location**:Calgary; Alberta

**Number Of Openings**:1

**Department**:Development Finance

**Internal Job Title**:Funding Officer

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties

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