Commercial Funding Administrator, CMHC

3 weeks ago


Toronto, Canada Equitable Bank Full time

The core parts of your role would be to:

Daily, the incumbent will be responsible for the coordination, preparation, monitoring and delivery of the Daily Funding Agenda throughout the day, which is relied upon by senior management and several internal groups within the Bank. Daily, the incumbent will be responsible for pipeline reporting for BES, CFG and CMHC Funding groups and posting on Sharepoint.Daily, the incumbent will be responsible for completing the Validator report for BES, CFG and CMHC Funding groups and posting on Sharepoint.On a daily basis, the incumbent will complete supporting steps related to funding and post-funding activities (i.e. set up property tax accounts in PPlus and prepare tax calculations, set up Pre-Authorized Debit (PAD) Accounts in PPlus, cross-check wires, prepare and send client welcome letters), which are to be completed accurately and in a timely manner. On closed transactions, the incumbent will be responsible for uploading the Validator and Funding Checklist; any gaps identified will be escalated to the responsible funders. Once a transaction has closed, the incumbent will work with solicitors and partners to obtain final reports for all closed deals. In addition, to ensure data integrity for each loan in PPlus, the incumbent is required to leverage available reports to identify gaps or inaccuracies and solve or correct the issues.The Commercial Funding Coordinator will also process wires/refunds to various parties (brokers, solicitors, insurance consultants, borrowers, etc.) accurately and in a timely manner.On a weekly basis, the incumbent will be responsible for the preparation of specific and adhoc departmental reports which include but not limited to pipeline, data integrity, and cancellation reporting to be relied upon by Management. This entails regular communication and follow-up with Funders and internal servicing team. In addition, when required, the incumbent will be required to complete memos with supporting details for other departments to leverage their tasks.Periodically, the incumbent will also be asked to work with Management on specific projects and/or tasks that include system testing, documentation collection and reporting. Incumbent will be required to develop an adequate level of proficiency in internal suite of software applications used by the bank , primarily PPLUS, File Nexus and Cyberquery. Liaise daily with a variety of internal departments to address any unique adhoc issues that may arise and seek timely resolution.Understand and follow departmental policies, guidelines, and proceduresComplete other tasks assigned at the request of ManagementGather data and accurately prepare assigned departmental reports as scheduled

Let’s Talk About You

Degree in business administration or finance or diploma program in a related discipline with a minimum of 1-2 years’ experience in administration and servicing of mortgage loansExperience in management reporting is considered an assetStrong working knowledge of MS Office (Word, Excel, Outlook, PowerPoint) is a mustStrong attention to detailStrong analytical skillsStrong organizational skillsAbility to handle multiple competing priorities and meet deadlinesExcellent time management skillsTeam-orientedAbility to solve problems and propose solutionsHighly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner

Job Complexities / Thinking Challenges

The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature, requiring in-depth reviews of documentation. The incumbent must be able to work within established guidelines independently, prioritize workload, and accurately prepare reports. Ability to analyse complex funding and post-funding issues and liaise with the funding team, partners, servicers and clients. There will be times when situations arise and sound judgement in making decisions or recommendations will be needed.#LI-HybridWhat we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy, personal days and even a moving day Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceThe incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

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