Senior Manager, Special Accounts Management Unit
Job in
Toronto, Ontario, M5A, Canada
Listing for:
Equitable Bank
Full Time
position
Listed on 2026-02-20
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Financial Manager, Financial Compliance
-
Management
Risk Manager/Analyst, Financial Manager
Job Description & How to Apply Below
The core parts of your role would be to:
The incumbent will manage and/or administer complex delinquent and problem commercial mortgages (generally loans exceeding $10MM+) while minimizing losses to the Bank, process loans for legal action for non-payment (including past maturities, tax arrears, insurance cancellations, bankruptcies/liens, etc.) and conduct full financial review prior to recommending appropriate legal remedies to Senior Management, manage legal action loans and enforce on remedies/conditions as warranted, while ensuring compliance with established default/workout strategies are implemented in a timely and efficient manner.
Liaising with key stakeholders, both internal and external, will be a key responsibility, and forms part of determining and negotiating successful workout strategies.The incumbent is responsible for performing, reviewing and correlating all aspects of underwriting (including collateral analysis and valuation) for defaulted loans and problem accounts, while ensuring that each submission addresses heightened risk elements, as identified, including monitoring and ensuring risk ratings on default loans are updated timely and reported to the appropriate internal stakeholders.The incumbent will work closely with the Mortgage Services team and provide assistance to manage, monitor and/or resolve commercial delinquencies and certain default loans deemed to be non-performing, while providing timely updates to Senior Management as warranted.There may be circumstances where the incumbent will assist in providing direct oversight on properties that are held by the Bank for recovery purposes.The incumbent will also be responsible to ensure timely preparation of various reports and reviews required by Senior Management, the Board of Directors and external regulators (such as quarterly reviews, bi-monthly problem loan watchlist reports, monthly arrears monitoring reports, provisioning reports, loan monitoring reporting etc.) including ad hoc reporting or analysis as required by Management.On a daily basis, the incumbent must lead their team by providing support, guidance and mentoring. The incumbent will be the first point of contact for Senior Management and will be responsible for ensuring that their team adheres to company policy and guidelines as well as regulatory requirements. The incumbent will also be the person responsible for resolving day to day department challenges, assess individual staff member training needs and ensure that they are met so that the individual is able to perform his/her job effectivelyThe incumbent will actively work with Senior Management to continuously strive for operational efficiency and implement improvement measures to ensure departmental requirements are met on a timely and effective manner. This may include participating and/or launching ad hoc projects, establishing new polices and procedures and/or other related initiatives to deliver superior service to all stakeholders.Let's Talk About You!
Have a minimum of 5-10 years of commercial mortgage experience or relatedMinimum 2-5 years’ defaults experienceBusiness degree or a related discipline, and/or a CPA or similar professional designation or equivalent work experienceUnderstanding of mortgage enforcement remedies and foreclosures across CanadaEffective analytical and problem solving skillsSound technical knowledge of secured lending and factors affecting the commercial mortgage market, with strong understanding of end to end processesEstablished and meticulous time management and organizational skillsSound multi-tasking skills with strong attention to detail when handling multiple competing priorities under tight timelinesProven ability to thrive in a constant changing environment and ability to perform under a high intensity environmentSelf starter with the ability to work independentlyDeveloped and effective negotiation and communication skills, both oral and writtenExcellent presentation skills and ability to professionally communicate with Senior Management and other stakeholders (both internal and external)Experience and ability to lead a team to execute on deliverables…
Position Requirements
10+ Years
work experience
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