Credit Administration Officer-(Hybrid)

Central 1 Credit Union; Toronto; Hybrid; CAD 50,000 - 55,000; Full time

Job summary

As a Credit Administration Officer at a leading credit union, you'll provide essential administrative support to the Commercial Lending team, handling loan administration, reconciling balances, and assisting our partners. The position offers hybrid flexibility and a competitive salary range, while promoting a diverse and inclusive work environment.

Benefits

Work-life flexibility

Hybrid work environment

Variable annual incentive plan

Generous annual vacation allotment

Top-notch flexible benefits plan

Retirement Plan with matched contributions

Access to a learning platform

Career development opportunities

Qualifications

• Experience in a financial institution, especially in Commercial Lending administration is a plus.
• Intermediate level knowledge of Excel is essential.
• Proven ability to provide excellent member service.

Responsibilities

• Administer commercial loans including set-up and payment processing.
• Reconcile loan trial balances to the general ledger.
• Assist with Commercial Real Estate Lending inquiries.

Skills

Communication

Analytical Skills

Attention to Detail

Education

Post-secondary degree or diploma in business, finance, or accounting

Tools

Microsoft Office Suite

Portfolio Plus

Job description

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.

What we offer:

• Work-life flexibility
• Hybrid workenvironment
• One time allowance to set up your office for remote first employees
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits planincluding family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access toa learning platform and educational assistancesupport
• 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 andother paid time off options
• Corporate discounts

*subject to employment agreement

Job Summary:

As the Credit Administration Officer, you will provide administrative support to the Commercial Lending team. You will be responsible for providing loan administration, monthly reconciliation of loan trial balances, and providing member service support to our Credit Union partners.

What you'll be doing:

• 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-$55,000

The salary range 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

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.