Commercial Mortgage Coordinator, Commercial Finance Group (CFG)

EQ Bank | Equitable Bank • Toronto, ON

72d • Hybrid

About The Position

The Commercial Mortgage Co-ordinator is responsible for maintaining and updating commercial mortgage files/pipeline report from receipt of deal through to the acknowledgement and funding stages by acting as a liaison between underwriting and funding, ensuring compliance with the Company’s established lending guidelines and requirements. Additional duties are also required including loan set-up in SIT, reporting and special projects required by senior management, providing the VP and Director, Commercial with advanced administrative and clerical support and networking with clients, brokers, Lending Partners and other external business partners as well as staff within the Credit & Risk Management group and other internal departments.

The core parts of your role would be to:
On a daily basis, the incumbent will assist with the timely and efficient processing of transactions by communicating with internal contacts (i.e. underwriters, funders, QA, treasury) to obtain and review required documentation while also acting as a liaison between various groups within the department. The incumbent will scrutinize the contents of the files to ensure accurate transfer of information to our internal systems. The incumbent must also ensure that AML/QA requirements are dealt with in a timely and accurate manner (35%).
On a daily basis, the incumbent will update/maintain the departments’ pipeline report along with the set-up/update of loans in SIT to track and manage deal flow. The incumbent will work closely with the underwriters to follow for outstanding conditions (35%).
On a daily, weekly, monthly, and quarterly basis the incumbent will be responsible for the preparation of specific reports on assigned categories as well as contributing to special projects required for the department/Company which will be relied upon by Senior Management (15%).
On a daily basis, the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines (15%).

Requirements

• OSSD diploma, post-secondary education is considered an asset
• Have a minimum of 2 years’ commercial mortgage/administration experience
• Extensive working knowledge of MS Office (Word, Excel, Outlook, Power Point)
• Strong analytical skills
• Strong Organizational skills
• Ability to handle multiple competing priorities
• Excellent time management skills
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner

Responsibilities

• Assist with the timely and efficient processing of transactions by communicating with internal contacts (i.e. underwriters, funders, QA, treasury) to obtain and review required documentation while also acting as a liaison between various groups within the department.
• Scrutinize the contents of the files to ensure accurate transfer of information to our internal systems.
• Ensure that AML/QA requirements are dealt with in a timely and accurate manner
• Update/maintain the departments’ pipeline report along with the set-up/update of loans in SIT to track and manage deal flow.
• Work closely with the underwriters to follow for outstanding conditions
• Responsible for the preparation of specific reports on assigned categories as well as contributing to special projects required for the department/Company which will be relied upon by Senior Management
• Responsible for time management of their work flow in order to meet prescribed deadlines

Benefits

• 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 and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED