EQ Bank | Equitable Bank Logo

EQ Bank | Equitable Bank

Commercial Mortgage Coordinator, Portfolio Management, CMHC

Posted Yesterday
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Hybrid
Toronto, ON
Junior
Hybrid
Toronto, ON
Junior
The Commercial Mortgage Coordinator manages commercial mortgage pipelines, tracks loan originations and maturities, prepares reports, processes renewals, and assists with credit risk analyses.
The summary above was generated by AI
Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The Commercial Mortgage Coordinator is responsible for the day-to-day maintenance of a variety of commercial mortgage pipelines and reports, which are designed to track loan originations, loan securitization pools and loan maturities. Duties include preparing daily, weekly and monthly management reports, contacting Lending Partners to follow up on and administering renewals and loan extensions on SIT. Additional duties include loan set-up in SIT, renewal and extension processing in SIT, and special projects required by senior management. These duties will involve liaising with Lending Partners as well as staff within the Credit & Risk Management group and other internal departments.

The core parts of your role would be to:

  • 30% - 35% - On a daily basis, the incumbent will be responsible for maintaining the currency of all departmental pipeline reports. The incumbent will be responsible for the preparation of specific departmental pipeline reports that will be relied upon by Management. This entails regular communication and follow-up with Lending Partners and various internal colleagues to ensure that timely status updates on securitization pools and loan maturities are recorded.
  • 20% On a daily basis, the incumbent is responsible for processing loan maturities, extensions and renewals as well on SIT on a timely basis to meet the requirements of securitization and origination timelines. The incumbent will ensure that all conditions precedent to renewal are met which entails follow-up with Lending Partners to ensure that all required documentation is received, and that all renewing mortgages meet EQB’s AML guidelines and standards.
  • 15% On a daily basis, the incumbent is responsible for prompt set-up of new loans on SIT as well as data management and the processing of CAFS for all approved loans.
  • 10% On an ongoing basis, the incumbent is responsible for review and recommendation for updates and enhancements to all pipelines and other reporting tools. This includes designing and formatting Cyberquery and Excel-based reports.
  • 10% On a daily basis, the incumbent will assist other members of the underwriting team with input and set-up of new credit risk analyses.
  • 10% - On a daily basis, the incumbent is responsible for time management of their work flow in order to meet prescribed deadlines.

Let's Talk About You!

  • Post-secondary education, and/or equivalent working experience, preferably in business or finance, is required
  • Minimum 1-2 years’ experience in financial services
  • Experience in management reporting is considered an asset
  • Strong working knowledge of MS Office (Word, , Outlook, PowerPoint)
  • Extensive working knowledge of Excel and Cyberquery. Proficiency with Excel macros is considered an asset
  • 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

Job Complexities / Thinking Challenges

  • The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature, requiring in-depth reviews of documentation.

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
🎓  Annual professional development allowance and a comprehensive Career Development program
💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.
  
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
 
We can’t wait to get to know you! 

Top Skills

Cyberquery
Excel
MS Office
Outlook
PowerPoint
Sit
Word

EQ Bank | Equitable Bank Toronto, Ontario, CAN Office

30 St Clair Avenue West, Suite 700, Toronto, Ontario, Canada, M4V 3A1

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