Specialized Finance Collateral Specialist

EQ Bank; Toronto; On-site; CAD 65,000 - 85,000; Full time

Benefits offered by this job

Bonus potential

RRSP match

Health, dental, vision, life, and disa

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation & personal days

Career development program

Job summary

EQ Bank is seeking a Specialized Finance Collateral Specialist in Toronto to validate collateral, support loan setup in PPlus, and process draw requests. You will collaborate with Commercial Funders and Administrators, Compliance, and other internal teams to ensure accurate collateral and timely funding.

The role requires 1 year of commercial mortgage/administration experience, strong MS Office skills, and the ability to generate ad hoc Excel reports while maintaining rigor in documentation and

Qualifications

• Bachelors' degree considered an asset.
• Minimum of 1 year of commercial mortgage/administration experience.
• Proficient in MS Office (Word, Excel, Outlook, PowerPoint).
• Knowledge of PPlus considered an asset.
• Ability to create adhoc reports in Excel with data imports.
• Proven ability to capture and document information thoroughly.
• Creatively solve problems with minimal direction.
• Excellent attention to detail and analytical skills.
• Strong time management and organizational skills.
• Ability to handle multiple competing priorities.
• Excellent verbal and written communication skills.

Responsibilities

• Manage Purview tracking system and loan-level collateral validation.
• Assist with borrowers' monthly reporting and loan setup in PPlus.
• Process draw requests and ensure conditions for advances are met; coordinate with Cash/Administration for timely funding.
• Prepare reports and contribute to special projects for senior management.

Skills

MS Office

PPlus

Adhoc Excel reports

Documentation

Problem solving

Time management

Organizational skills

Communication

Multitasking

Analytical skills

Attention to detail

Education

Bachelor's degree

Tools

PPlus

Job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can't wait to get to know you!

The Work

The Specialized Finance Collateral Specialist is responsible for validating the underlying collateral associated with each Specialized Finance transaction in order to ensure it is accurate and adheres to the terms of the relevant credit agreement. Additional duties are also required including loan set-up in PPlus, completion of draw requests, and special projects as required by the Associate Directors, and Managing Director, Specialized Finance, and AML/KYC review. The incumbent will be working closely with the Specialized Finance team, Commercial Funders and Administrators, Compliance, and other internal departments.

The Core Responsibilities!

• Daily, the incumbent is responsible for carrying out the responsibilities of the Specialized Finance Collateral Management Team. These include, but are not limited to, management of the Purview tracking system and loan level collateral validation. (40%)
• Daily, the incumbent will assist with the maintenance of borrowers monthly reporting, along with the set-up/update of loans in PPlus to track and manage deal flow. The incumbent will work closely with Analysts and Associates to follow for outstanding conditions. (25%)
• Daily, the incumbent will process draw requests, ensuring all conditions for advances are met, including reviewing reporting and other relevant documentation, updating PPLUS, and working with Commercial Administration to ensure funds are sent on time. (25%)
• On a daily, weekly, monthly, and quarterly basis the incumbent will be responsible for the preparation of specific reports on assigned categories as well as contributing to special projects required for the team, which will be relied upon by Senior Management (10%).

Let's Talk About You!

• Bachelors' degree considered an asset.
• Minimum of 1 year of commercial mortgage/administration experience.
• Working knowledge of MS Office (Word, Excel, Outlook, Power Point).
• Knowledge of PPlus considered an asset.
• Ability to create adhoc reports in Excel with practical knowledge in importing data for the use in report software, spreadsheets and graphs.
• Proven ability to capture and document information thoroughly.
• Creatively solve problems and propose solutions with minimal direction.
• Excellent attention to detail.
• Strong problem solving and analytical skills.
• Excellent time management and organizational skills.
• Ability to handle multiple competing priorities.
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner.

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 FinTechs 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 professionally and personally.

We provide a barrier-free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.