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About the Role

We’re looking for a detail-oriented Credit Administration Officer to support our Commercial Lending team by ensuring the smooth and accurate administration of loans. This role involves managing loan administration, performing monthly reconciliations, and delivering exceptional member service to Credit Union partners.

Responsibilities

• Perform duties relating to the administration of the commercial loans system Portfolio Plus (“PPlus”) including loan set-up, payment processing, and data extraction 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.

Requirements

• 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.

Skills

• Microsoft Office Suite
• Excel
• Portfolio Plus (PPlus)
• Verbal communication
• Written communication
• Interpersonal communication
• Analytical skills

Location

• Hybrid

Work Type

• Hybrid

Education Level

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

Salary/Compensations

• $50,000-$57,000

Benefits

• Work-life flexibility
• Hybrid work environment
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• 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 and other paid time off options
• Corporate discounts

About the Company

• 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.
• Our total rewards package goes beyond what goes into your credit union account.
• For eligible employees, we offer a comprehensive compensation structure consisting of a competitive base salary and individual and company-wide annual incentive, matched contributions for your retirement plan and a top-notch benefits plan.
• Beyond the numbers, we think about you as a person, offering work-life flexibility, career development opportunities and a day off to volunteer in your community.

Equal Opportunity

• 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.
• Central 1 is committed to building a diverse and inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful.
• We are welcoming of all applicants and we will provide an accessible candidate experience