Syndicated Lending Operations Associate

As a member-owned cooperative, we’re helping our members with their real goals and real challenges so they can live the real life they want. It’s what we’ve been doing for over 80 years, and it’s why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community - almost $90 million since 2000 alone - because when our members do well, we believe our communities should do well too.

Syndicated Lending Operations Associate (18-Month Fixed-Term)
- Feb 6, 2025

**Location(s)**: Surrey, Vancouver - Lower Mainland

**Job Type**: 18-month (FIXED TERM)

**myWork Options**: In-person, Hybrid

**Starting Salary Range**: $27.69 to $33.23 per hour

**Background Screening Requirement**:

- Enhanced Criminal Record Check
- Credit Check
- Identity Verification
- Employment Verification
- References

**Job Purpose**

**Accountabilities**
- Examines and interprets Inter-Lender Agreements to determine the deal structure, including which products and values are assigned to each financial institution.
- Strategizes with the Assistant Manager on utilizing syndication systems to support necessary products.
- Facilitates discussions with Senior Account Managers/Directors on deal structure and problem-solving.
- Lead discussions with partner FI’s Agency teams for monthly accounting, including the split of draws, payments, and interest.
- Calculate splits for each participating FI for draws, payments, fees, and payouts, and coordinate & reconcile the associated wire transfers and payment notices.
- Processes and reconciles ongoing carve-out portions of the loans, redistributing and re-calculating the payments and fees as needed to the other partners while ensuring total commitment is not exceeded.
- Reconciliation of FX (USD-CAD) lending on participant files, noting associated USD products are not available in our systems.
- Sets up and reconciles with partner FI’s of Bankers’ Acceptance loans.
- Performs banking system transactions for account creation, funding, renewals, payouts, and complex loan maintenance (i.e., payment adjustments) necessitated by the fact that each FI’s calculations differ from each other. Non-loan activities such as membership and Vostro account creation are also required.
- Technical knowledge of the following systems: T24, Syndtrak, Syndication Admin Tool, and SharePoint. This includes day-to-day use and manipulation to suit unsupported transactions.
- Provide technical expertise, guidance, coaching and training for other team members in similar roles or with similar/comparable work.

**Skills & Qualifications**
- Minimum 4-6 Years of job-related experience.
- The incumbent must have 4-6 years of syndicated commercial lending administration experience and be conversant with CCS lending products, services, policies, and procedures.
- Must possess strong communication skills, using tact and problem-solving skills to assist and support staff at all levels.
- Solid knowledge of banking operations, including risk management controls, techniques, and practices in an administrative environment.
- Solid proficiency with banking systems.
- Strong knowledge of commercial procedures, processes, and practices as well as commercial lending products and services.
- Working knowledge of lending policy.
- Advanced critical thinking and decision-making skills.
- Advanced ability to analyze and interpret large amounts of information applied and re-configure concepts and strategies.

**Equity, Diversity & Inclusion at Coast Capital**

Why join Coast Capital Savings?
- **Purpose is our North Star.** We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.
- **Committed to inclusion and engagement.**We have an ongoing focus on equity, diversity, and inclusion and routinely track how we’re doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.
- **A career that grows with you.** We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.
- **Work where you’re most effective.** In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.
- **Benefits that flex to the needs of you and your family.** We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.
- **Retirement options.** We also take care of our employees once they retire. That’s why we offer the choice of a defined contribution or defined benefit pension plan or RSP’s.
- **Mortgage and auto financing benefits**. Employees save thousands on their mor