Credit Administration Officer-(Hybrid)

Central 1•Toronto, ON

1d•CA$50,000 - CA$57,000•Hybrid

About The Position

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. We’re looking for a detail-oriented Credit Administration Officer to join the Central 1 team. In this role, you’ll play a key part in supporting our Commercial Lending team by ensuring the smooth and accurate administration of loans. You’ll be responsible for a range of important functions, including managing loan administration activities, performing monthly reconciliations of loan trial balances, and delivering exceptional member service support to our Credit Union partners. If you thrive in a collaborative environment and enjoy combining precision with service excellence, this is a great opportunity to make an impact.

Requirements

Previous work experience in a financial institution with exposure to Commercial Lending administration is an asset.
Post-secondary degree or diploma in business, finance, or accounting.
Proficient in Microsoft Office Suite of programs with Intermediate level knowledge of Excel.
Working knowledge of the loan administration software Portfolio Plus (“PPlus”) is an asset.
Ability to work independently, with established department service standards ensuring exceptional member satisfaction.
Assumes ownership of expected results, exhibits dedication to own work and proactively contributes to the team’s overall success.
Accuracy is required in all areas of the role, particularly monthly reporting, and other related tasks.
Excellent verbal and written communication skills with proven interpersonal communication skills and political astuteness.
Effective analytical skills to identify errors and provide timely solutions to improve efficiencies in processes.

Nice To Haves

Previous work experience in a financial institution with exposure to Commercial Lending administration is an asset.
Working knowledge of the loan administration software Portfolio Plus (“PPlus”) is an asset.

Responsibilities

Perform duties relating to the administration of the commercial loans system Portfolio Plus (“PPlus”) including loan set-up, payment processing, and extracting of data and report generation.
Monitor commercial portfolio for repayment and covenant requirements.
Prepare mortgage renewal letters and payout statements as instructed by regional managers.
Reconcile monthly loan trial balances of PPlus to general ledger (G/L).
Review and/or maintain loan histories/profiles, exposure reports, credit enquiries, credit reports, invoices, fees and other departmental accounting requirements.
Provide timely assistance to Commercial Real Estate Lending enquiries from member credit unions and/or borrowers.
Cross train with team members on other month end reports related to risk, ALCO and other ad hoc reports.
Responsible for maintenance of the electronic and paper-based departmental filing systems and makes recommendations for improvements or updates to both systems.
Process settlement accounting entries for loan transactions.
Assist in the verification of transactions in the Treasury Administration department for accuracy.
Maintenance of the Commercial Real Estate Lending Loan Syndication System.
Performs other duties as assigned in support of Commercial Real Estate Lending.

Benefits

Work-life flexibility
Hybrid work environment
Variable annual incentive plan
Generous annual vacation allotment
Top-notch flexible benefits plan including family building and gender affirmation
Retirement Plan, matched contributions at 6%
Access to a learning platform and educational assistance support
Access to a virtual wellness platform
Career development opportunities
Wellness Flex Fund to support personal interest and activities
Day off to volunteer in your community and other paid time off options
Corporate discounts subject to employment agreement
competitive base salary
individual and company-wide annual incentive
matched contributions for your retirement plan
top-notch benefits plan