Associate,Special Loans and Restructuring Job Toronto area,Ontario Canada,Finance & Banking

The Core Responsibilitites!

Daily, the incumbent will support the Special Loans Management team with the ongoing management of active loans. Specifically, time will be spent on the review and analysis of loan data and preparation of reporting requirements (40%).

Prepare and support review of critical reports in a timely and accurate manner for Senior Management, may include but not limited to:

Support review of monthly provision, delinquency and arrears reports.

Support preparation of quarterly problem loan reports.

Support review and completion of bi-weekly Watchcall reports/minutes.

Any ad hoc report as required.

On a daily basis, the incumbent supports the Commercial delinquency processes and will be in contact with direct clients or Partners regarding the delinquent loans. The incumbent will be required to perform due diligence before recommending any arrangements to potentially cure delinquency, and execute plan is approved (arrears or other breaches under the mortgage contract, as applicable). The incumbent may be required to obtain and scrutinize any required supporting documentation and submit appropriate credit submission(s) for any risk rating changes based on outcomes.

All actions are required to be updated in the applicable system(s) utilized for this process, as needed (25%).

On a daily basis, the incumbent will support Account Managers and/or Sr. Account Managers with the execution and management of the problem loans portfolio. This may include timely and efficient collection of documents for credit submission, review due diligence items, support any legal action required, RAISE system data input, posting transactions, preliminary/basic analysis (financials, personal net worth statements, leases, market research, ESA/BCA reports etc.)

and assist in any ad hoc tasks. The incumbent must be able to manage multiple competing priorities in order to achieve aggressive timelines. (25%).

On a daily basis, the incumbent will support and assist on any departmental projects and/or deliverables as set by management. Projects and assignments will vary in size and scope and may include, but not be limited to, development of new reports, analysis, system and process testing, completion of various functional audits, and monitoring and maintenance of procedural/compliance activity requirements, pipeline development or related matters that will be relied upon by management (10%).

Let's Talk About You!

Bachelors’ degree or equivalent work experience required.

3+ years’ experience working in commercial banking or commercial mortgage lending.

Understanding of mortgage enforcement remedies across Canada would be an asset.

Strong attention to details.

Strong time management, analytical and problem-solving skills.

Established organizational skills and ability to handle multiple competing priorities.

Self-starter with the ability to work independently or as team.

Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner.

Developed and effective negotiation skills, both oral and written.

Developed business sense with sound knowledge of secured lending and factors affecting the commercial mortgage market.

Proficient user of all Microsoft tools.

Knowledge of servicing procedures.

What 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 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 Fin Techs and help create a new kind of banking experience Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both…

Associate, Special Loans and Restructuring