Funding Administrator- Contract

MCAP Group of Companies; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

Join a leading independent mortgage company as a Funding Administrator in Toronto. This role involves managing administrative tasks related to commercial mortgage loans, ensuring data integrity, and supporting financial processes. Ideal candidates will have strong organizational skills and experience in commercial mortgages, particularly with CMHC loans. MCAP values teamwork and offers competitive benefits in a dynamic environment.

Benefits

Competitive benefits

Ongoing learning opportunities

Qualifications

• Experience in commercial mortgages preferred, especially with CMHC multi-residential loans.
• Understanding of commercial mortgage terms and legal concepts is a plus.

Responsibilities

• Support management of administrative tasks within a commercial funding group.
• Process transactions, record management, prepare correspondence and reports.
• Assist with audit preparations and follow-ups.

Skills

Attention to Detail

Organization

Time Management

Communication

Customer Service

Multitasking

Education

Post-secondary diploma or degree

Tools

Microsoft Office

PLM

Salesforce

Job description

Funding Administrator - Contract

MCAP at a Glance

Joining MCAP means becoming part of a diverse workforce of talented individuals recognized for their expertise and success! At MCAP, your professional skills, teamwork, and passion for service excellence are valued and rewarded with competitive benefits, ongoing learning opportunities, and exciting roles in a dynamic, entrepreneurial environment.

The Role

A Funding Administrator supports the management of administrative tasks within a commercial funding group. This role involves follow-ups, auditing, investigations, monitoring, and reporting on Commercial Mortgage loans. Responsibilities include processing transactions, record management, preparing correspondence and reports, responding to inquiries, maintaining files, setting up loans on PLM and Portal, and completing post-funding audits for CMHC-Insured and Conventional Mortgages as per servicing agreements.

• System setup for new loans on PLM, notifying stakeholders accordingly.
• Coordinate with external consultants (e.g., solicitors, insurance agents) and obtain acknowledgments.
• Maintain and update loan databases, including client info, loan changes, and compliance documents.
• Ensure data integrity of mortgage records.
• Review and set up insurance in PLM.
• Process financial and non-financial transactions in PLM.
• Send Welcome Letters to Borrowers within specified timelines.
• Assist in file completion and document storage.
• Complete EDMs post-funding, including setting notes and informing servicing teams.
• Support financial processes such as payments, invoicing, and expense tracking.
• Prepare manual wires for ad hoc payments.
• Run credit reports and perform corporate searches.
• Reconcile and pay invoices, processing them in PLM.
• Deposit and post transactions, including cheques.
• Assist with audit preparations and follow-ups.
• Ensure quality standards in administrative documents and processes.

Records Management

• Maintain the Executive Pipeline Report, update PLM & Salesforce.
• Assist with reconciliation reports (AML, Good Faith, Suspense).
• Create and manage Firmex projects and access.
• Upload information to Firmex as needed.
• Ensure quality control and reporting for EDM.
• Complete assigned project tasks.

Qualifications

• Experience in commercial mortgages preferred, especially with CMHC multi-residential loans.
• Understanding of commercial mortgage terms and legal concepts is a plus.
• Proficiency with Microsoft Office and system management.
• Strong attention to detail, organization, and time management skills.
• Excellent communication skills, both verbal and written.
• Customer service oriented.
• Ability to multitask under tight deadlines.
• Self-motivated, able to work independently and as part of a team.
• Post-secondary diploma or degree required.

Join Us

If you're looking to be part of one of Canada's largest independent mortgage companies, we want to hear from you!

About MCAP

MCAP is Canada's largest independent mortgage finance company, managing over $150 billion in assets. With over 35 years of experience, we originate, trade, securitize, and service mortgages across Canada, primarily through mortgage brokers and in the residential construction market.

Position #: req1989

Employment Status: Contract Full Time

Location: Toronto, Ontario

Number of Openings: 1

Department: Commercial Mortgage

Internal Job Title: Funding Administrator - Contract

This description provides a general overview of the role and is not exhaustive of all duties, responsibilities, or qualifications.

MCAP is committed to diversity and inclusion, providing equal opportunities and accommodating all applicants throughout the recruitment process.