Loan Consultant

**Job Title**:Loan Consultant
- **Dept./Br.**:Thornhill Branch
- **Reports to**:Deputy Branch Manager or Branch Manager

**Job Summary**

**Responsibilities And Duties**
- **Client Interview**_
- Advise the applicants of product that suits their needs and wants
- Obtain all relevant information and supporting documents (e.g. identification of entity, personal income document, credit report, net worth statement, personal statement, mortgage statement, financial statement, down payment proof, appraisal report) to conduct preliminary study of the applicants and the transactions.
- **Consultation with Branch Manager and Manager**_
- Present details of applied loans and findings of preliminary study of the applicants
- **Preparation of Loan Documentation (Residential and Commercial Mortgage Origination)**_
- Assess the applicant’s character, repayment capability, credibility, and source of funds
- Review appraisal report and conduct on-site inspection to determine marketability of the security if necessary.
- Input all required data into Automated Credit Approval System (“ACAS”) and recommendation into Branch Manager’s Opinion to be reviewed by Loan Evaluation Officer which to be presented in Loan Committee Meeting
- Different procedures will be taken depending on the type of loans such as Business Loan, Personal Loan, Overdraft, Letter of guarantee, Stand-by Letter of Credit; hence it is a critical responsibility to understand all the necessary information and steps to finish its duty.
- Take a solution focused approach to underwriting by offering alternative structures, pricing and/or funding conditions to finalize the transaction
- **Funding**_
- Send letter of instruction to solicitor for loans that are approved
- Review draft documents
- Input and manage information on KIBS
- **General affairs**_
- Responsible for processing invoices and issuing payments.
- **Post Loan Management**_
- Process loan payments on daily basis and ensure all payments are complete i.e. follow up on incomplete payments and returned payments.
- Responsible for renewal of Residential and Commercial Mortgage Loans, Personal Loans, Personal Overdraft, Letter of guarantee which comprise of sending maturity/renewal notice, preparation of approval of renewal documents, filing signed loan agreements, and renewal fee collection.
- Manage daily reports, past due, overdue, insurance/Up-to-date financial information/Upkeep maturity of loan.
- Send overdue and demand notice when necessary
- Follow-up on loans with issues and below credit rating of 6(-)
- Prepare all procedures related to discharge of charge and PPSA.
- Process discharge and payoff requests and keep filing up to date.
- **Keep up with changes in Loan regulation and adopt**_
- Stay up to date with changing loan regulations, procedures, and promotions to provide quality service and know the market.
- Get to know changes in regulations and let other co-workers enlightened for accurate service as a whole.
- **Keeping good connection and expanding client horizons**_
- Consistent and quality communication with customers, brokers, appraisers and other professionals to build good relationship with a focus on the growth of the bank’s loan portfolio.
- **Sales/Marketing**_
- Marketing the bank lending program to mortgage brokers.
- Sales and marketing the bank products such as FID, RRSP and 1Q Bank accounts to existing and new clients to meet branch sales target.

**Skills And Qualifications**
- Bachelor’s Degree in Finance, Accounting or related field.
- Preferred Bilingual (English and Korean)*
- Strong financial analytical skills with above average of understanding and interpreting financial statements.
- Strong willingness to work as the customer expert in sales and marketing environment.
- Solid knowledge and understanding in the bank’s loan policy and guidelines.
- Sense of discretion and willingness to maintain strict confidentiality of pertinent and sensitive information.
- Able to research and evaluate data to make informed decisions and solve problems.
- Good Communication and Negotiation Skills.
- Strong knowledge of Microsoft Office suite.

**Job Types**: Full-time, Permanent

**Salary**: $48,000.00-$55,000.00 per year

**Benefits**:

- Company pension
- Dental care
- Extended health care
- Life insurance
- Vision care

Schedule:

- Monday to Friday

Ability to commute/relocate:

- Thornhill, ON: reliably commute or plan to relocate before starting work (required)

**Language**:

- Korean (required)

Work Location: In person