Specialized Finance Collateral Specialist

EQ Bank; Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Benefits offered by this job

Competitive discretionary bonus

RRSP match

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability benefits

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 to validate collateral for Specialized Finance transactions, set up loans in PPlus, and process draw requests while coordinating with multiple internal teams.

The role emphasizes accurate data handling, reporting, and project work to support senior management. A candidate with at least 1 year in commercial mortgage administration and strong MS Office skills will thrive in a fast-paced FinTech environment.

Qualifications

• 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 data imports for reports and graphs.
• Proven ability to capture and document information thoroughly.
• Creatively solve problems 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.
• Excellent verbal and written communication skills.

Responsibilities

• Manage Purview tracking system and loan-level collateral validation (40%).
• Assist with borrowers' monthly reporting and set‑up/update loans in PPlus to track deal flow (25%).
• Process draw requests, review conditions, update PPlus, coordinate funds release (25%).
• Prepare reports and contribute to special projects for Senior Management (10%).

Skills

MS Office

Analytical skills

Communication skills

PPlus knowledge

Data reporting

Collateral validation

Education

Bachelor's degree (asset)

Tools

PPlus

Excel (advanced)

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.