Associate, Syndicate Lending

Associate, Syndicate Lending & Corporate Banking

1 Full-Time Permanent Position

**COMPANY OVERVIEW**

Alberta Central is the central banking facility and trade association for Alberta’s credit unions. We are owned by 12 credit unions across Alberta that together have more than $33 billion in system assets and serve more than 640,000 members at 198 branches across Alberta.

At Alberta Central, credit unions come first in everything we do. We work to connect credit unions to the products, services, knowledge and partnerships they need to be successful and to grow. Our dedicated employees offer credit unions innovative products and services, thought leadership and expertise, and advocacy on priority issues as we work to advance the collective voice of credit unions and increase awareness of the credit union difference.

We work side by side with credit unions to as we strive to achieve our vision of a vibrant and growing credit union system, where Alberta Central is a hub of financial services innovation and a strategic system leader.

**ROLE SUMMARY**

Reporting to the Director, Syndicate Lending and Corporate Banking Services, this position is responsible for providing administrative support to the Lending and Banking Services department, including administration of Alberta Central’s loan portfolio, client settlement accounts, and securitization program, as well as assisting in preparation of loan reporting to the Director, Syndicate Lending & Corporate Banking Services. This position has a sound understanding of banking operations and commercial mortgage lending and is a resource and support to both internal and external stakeholders.

**KEY ACCOUNTABILITIES**
- Maintain and update all procedures and forms required to open and properly document the operation of Canadian and U.S. current accounts and deposit accounts for external and internal customers, and staff Master Cards.
- Investigate and correct any discrepancies related to clearing and settlement activity in current accounts in accordance with Canadian Payment Association rules and regulations.
- Perform account reconciliation processes on internal accounts, including those used for AFT, Wires, and Non-postable items.
- Perform daily settlement activity for designated member accounts as needed.
- Provide daily real time posting of wires transaction entries as necessary
- Manage account administration fees and charges and perform account cost analysis on specific accounts as identified by management to ensure the company is achieving cost recovery.
- Administer the credit union and cooperative loan portfolios, the syndicated loan portfolio and the securitization portfolios.
- Prepare & input loan payments and syndicate partner payments while maintaining accurate accounting and reporting records.
- Assist in the administration of remittances and securing of mortgage pools under the securitization program.
- Provide additional back-up to the Current Accounts Analyst when required. This includes daily settlements, posting of banking transactions, CEBA payments, and Mastercard Payment Cards.
- Provide support for the Advisor, Syndicate Lending Administration in the tracking and collecting of Banking & Lending administration fees which include automated funds transfer fees, statement fees, PPR & Land Title searches and fees, Equifax searches and fees, corporate searches and fees, PPJV fees, and CMHC claim settlements fees.
- Prepare, track and administer letters of credit.
- Assist in the preparation of annual reviews of all borrowing relationships & members under the syndicated commercial lending program.
- Maintain a working knowledge of banking floor, consumer lending, and consumer mortgage operations, regulatory developments, and best practices, and support related credit union inquiries and requests for support including the forms and manuals program.
- Support risk management and effective governance by maintaining compliance with policies, procedures and controls both corporately and within area of responsibility, ensuring they are operating effectively and escalating discrepancies to management.
- Participate in internal and external audit processes.
- All other duties as assigned.

**REQUIREMENTS**
- Minimum 2 years university completed in Business Administration or Commerce specializing in Finance
- Previous commercial financial services industry experience
- Highly organized and detail-oriented with the ability to set priorities and effectively manage multiple tasks
- Proven ability to work independently and in a team environment
- Strong analytical skills with proven quantitative problem-solving and decision-making skills
- Possess good communication and organizational skills
- Proficiency Level of Microsoft Office Suite: Word - intermediate, Excel - basic, PowerPoint - intermediate and Outlook - intermediate
- Must be bondable

**BENEFITS OF WORKING AT OUR ORGANIZATION**
- Competitive compensation
- Open concept environment
- Hybrid Office-H