Associate Analyst, Commercial Funding

We are hiring an Associate Analyst, Commercial Funding

Reporting To:

Associate Director, Commercial Funding

Full-Time/Part- Time:

Full-time

Salary Range:

$43,130 - $64,696

Posting Date:

November 5, 2024

Closing Date:

November 19, 2024

Hours of Work:

8:30 a.m. – 5:00 p.m.

Grade:
Office Location:     

6.3
Toronto, ON
Great location Steps away from the main public transit station

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities
*Eligibility for benefits is dependent on the terms of employment

The Opportunity 
The Associate Analyst is responsible for assisting and supporting the various personnel in the Commercial Funding Department to ensure that department and division goals and targets are met
 
How you will contribute:

Set up of initial paper & paperless files for new funding transactions
Completion of basic loan set up in Optimus, including peripheral security set up & client information set up
Deposit all commercial trust deposits and setting up of mortgage accounts in "Application" status in Optimus
Coordinate with accounting department to ensure funds are received and posted to Optimus accordingly
Process refunds from suspense accounts in relation to cancelled transactions &/or payment of invoices
Tracking remittance and making invoice payments to multiple Third parties on a monthly basis
Receive deposits for Broker Deals, collect the appropriate documentation, post on Optimus and advise management for reporting
Create cheque and EFT requisitions for CMHC application fees, Dead Deals, post approval fees
Assist with requests for Optimus related information & inputting of data to the Optimus system
Arrange for the execution of various documents by the appropriate signatories and distribution to the requesting parties
File departmental related documents & files, maintenance and organization of commercial filing room
Process progress draws requests
Complete special projects as assigned by the Associate Director & Team Lead, Commercial Funding

The experience you need:

Post secondary education and/or equivalent work experience preferred
2-3 years of experience in administration, preferably in commercial mortgages
Mortgage experience or general mortgage knowledge preferred
Optimus experience preferred
Proven organizational skills and demonstrated ability to prioritize and multi-task
Strong communication skills, verbal & written, with experience in providing excellent customer service
Team player with ability to perform extra duties as assigned

Working Environment and Physical Demands Analysis:

Office environment
Periods of high volume with tight timelines
Long periods of stationary position/sitting
Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
Long periods of time in viewing a computer screen
Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Why join First National?

Competitive Compensation
Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
Hybrid working environment
Extensive training programs to set our employees up for success
Modern office environment conducive to collaboration
Supportive teamwork culture
Opportunities to give back to the communities and work through events focused on a variety of charities
Ongoing social events throughout the year

The team you'll join:
Founded in 1988, First National is one of Canada's largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada's largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
   
We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.
 
First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.
 
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process.

#FNLOON

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