RCAP Equipment Finance Associate - Bilingual

Royal Bank of Canada; Burlington; On-site; CAD 50,000 - 70,000; Full time

Job summary

The Royal Bank of Canada seeks an Equipment Finance Associate for a pivotal role in managing leasing processes. Responsibilities include documentation support, client interaction, and maintaining compliance with credit policies. Ideal candidates will be bilingual with strong organizational and problem-solving skills, contributing to exceptional client experiences.

Benefits

Comprehensive Total Rewards Program

World-class training programs

Career development opportunities

Dynamic and collaborative team environment

Qualifications

• Bilingualism in English and French is a must.
• Excellent organizational and multi-tasking skills required.
• Strong knowledge of leasing processes and credit compliance.

Responsibilities

• Manage leasing documentation and client follow-ups.
• Ensure accurate information updates for leasing transactions.
• Assist in resolving issues that may impede funding.

Skills

Bilingualism (English and French)

Multi-tasking

Organizational Skills

Problem Solving

Detail-oriented

Financial Acumen

Client Centricity

Tools

MS Office (Excel and Word)

T-Value HP Calculator

Job description

The Equipment Finance Associate plays a key national middle office role in mitigating credit client reputational and operational risks related to simple and complex leasing processes supporting RCAP Leasing products and services to business clients and partners. The Equipment Finance Associate is a key relationship partner for the client responsible to enhance the client experience through the effective management of leasing administration and fulfillment for leasing transactions. The Equipment Finance Associates support revenue growth operational effectiveness and risk mitigation balance through efficient and effective end to end preparation and co-ordination of lease documentation from approval through to funding.

What will you do

Timely and accurate update of required information for all assigned leasing transaction details e.g. supplier banking and equipment details last activity using multiple systems and technology applications.

Production of accurate and timely of all contract documentation (100%) and submission to the client for execution in line with the transaction approval policy procedures and PPSA laws

Timely follow up and collection of documentation and information with key contract contacts e.g. client suppliers insurance brokers by phone and / or email required to complete the transaction

Responsible for the reconciliation of all invoices and proof of payments ensuring alignment to the contract approval and policy and procedures. This involves collecting payment receipts and matching invoices to the transaction online approval. This involves accounting for every proof of payment to mitigate credit risk.

Responsible for the timely follow and resolution of any deficiencies / out of orders with the client internal / external partners

Complete all security registration in line with the transaction approval policy and procedures and Personal Property Security Act and data input into the technology application. This can include search of registry service obtaining waivers to mitigate risk to the bank. Complexities arise due to varying provincial regulations.

Uses internal / external resources to investigate evaluate and resolve issues that will impede funding in line with policy / process / procedural guidelines in order to satisfy the client needs / client escalation

Proactively assists other team members during peak period sundry absences and vacations ensuring that established client commitments quality and service levels are maintained

Provides after sales support by liaising with internal partners (including Business Development Officer (BDO)) vendors customers other financial institutions and other internal partners to clarify transactions. Activities related to this responsibility include : follow-up on missing information required to start and complete transactions; collect information to execute documentation using strong knowledge of leasing products processes procedures and provincial tax regulations and Personal Property Security Act (PPSA);

Upon review of the transaction approvals on the system identify and the proactively make recommendations to internal partners regarding leasing options and products to ensure enhanced customer experience mitigate any credit and operational risk in order to expedite the transaction to close.

Credit Compliance

Responsible for the timely follow up of all Lease Documentation Reporting expiry and out of order reporting with clients and internal / external partners and any updates to relative technology applications in line with established policies and procedures

What do you need to succeed

Must-have :

Bilingualism (English and French) required as you will regularly serve our clients with English and French-speaking needs.

Excellent multi-tasking and organizational skills with ability to effectively manage time and priorities

Demonstrated ability to solve problems by generating evaluating and implementing alternatives.

Detail-oriented and able to comprehend the terms and conditions ofcontracts

Nice to have :

Working knowledge of equipment financing documentation.

Knowledge and understanding of credit policies security documentation and policies

Leasing experience

Working understanding of PPSA (The Personal Property Security Act ) laws across the country

Strong knowledge of T-Value HP Calculator MS Office (Excel and Word)

Direct or indirect vendor financing / leasing experience including skills in writing and submit credit proposals / presentation and financial math

Whats in it for you

We thrive on the challenge to be our best progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.

A comprehensive Total Rewards Program of flexible benefits unlimited commission pay and pension options

World-class training programs and career development opportunities

The advantage of working with a dynamic collaborative and high performing team where initiative and hard work are recognized and rewarded

Job Skills

Adaptability Business Development Client Centricity Communication Critical Thinking Curiosity Financial Acumen Practice Management

Additional Job Details

Address :

5575 NORTH SERVICE RD : BURLINGTON

City : BURLINGTON

Country : Canada

Work hours / week : 37.5

Employment Type : Full time

Platform :

PERSONAL & COMMERCIAL BANKING

Job Type : Regular

Posted Date :

Application Deadline :

Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above

I nclusion and Equal Opportunity Employment

At RBC we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best effectively collaborate drive innovation and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect belonging and opportunity for all.

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Required Experience :

Key Skills

Experience : years

Vacancy : 1

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