Credit Administration Officer-(Hybrid)
External
Central1resources · Toronto, Canada$50K–$57K/yrFull-timeHybrid2w ago
Excel
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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.
- What you'll have:
- 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.
- Salary range: $50,000-$57,000
- The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.
- #LI-Hybrid
Benefits
Work-life flexibilityHybrid work environmentVariable annual incentive planGenerous annual vacation allotmentTop-notch flexible benefits plan including family building and gender affirmationRetirement Plan, matched contributions at 6%Access to a learning platform and educational assistance supportAccess to a virtual wellness platformCareer development opportunitiesWellness Flex Fund to support personal interest and activitiesDay off to volunteer in your community and other paid time off optionsCorporate discounts*subject to employment agreementJob Summary: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.Paid time offFlexible schedule
Additional Information
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. For more information, visit www.central1.com .
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