Commercial Mortgage Specialist

1 week ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time $3
Job Description

The Senior Account Manager, Special Loans and Restructuring will be responsible for managing commercial default files, certain commercial loans designated as "problem accounts", which include but are not limited to conventional and construction facilities while adhering to underwriting standards and the Company's policies and procedures (including AML requirements, as applicable).

This role will involve enforcing the conditions of the mortgage contract on facilities in default as directed by Management, while providing proactive and efficient resolutions/work out strategies to avoid legal action when feasible while minimizing losses to the Bank.

About the Role
  • Managing and/or administering complex delinquent and problem commercial mortgages (generally loans exceeding $2.5MM) while minimizing losses to the Bank.
  • Process loans for legal action for non-payment (including past maturities, tax arrears, insurance cancellations, bankruptcies/liens, etc.) and conduct full financial review prior to recommending appropriate legal remedies to Senior Management.
  • Manage legal action loans and enforce on remedies/conditions as warranted, while ensuring compliance with established default/workout strategies are implemented in a timely and efficient manner.
Requirements
  • A minimum of 5-7 years of commercial mortgage experience or related, with previous default experience preferred.
  • A business degree or a related discipline, and/or a CPA or similar professional designation or equivalent work experience.
  • An understanding of mortgage enforcement remedies and foreclosures across Canada.
  • Sound technical knowledge of secured lending and factors affecting the commercial mortgage market, with strong understanding of end to end processes.
  • Established and meticulous time management and organizational skills.
  • Excellent presentation skills and ability to professionally communicate with Senior Management and other stakeholders (both internal and external).
What We Offer

#Medical, dental, vision, life, and disability benefits
#Generous vacation policy and personal days
#Virtual events to connect with your fellow colleagues
#A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

$100,000 - $120,000 per year, depending on experience.



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