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About the Role
The incumbent is responsible for all activities related to facilitating payout requests, including the accurate calculation of prepayment charges, preparation of payout statements, and follow-up to obtain full and/or shortfall payout funds.
Responsibilities
- Prepare payout statements accurately within the specified turnaround timeframe.
- Update prepayment charge reference rates into applicable platforms as required.
- Handle inbound phone calls and emails from solicitors/notaries/financial institutions regarding payout and discharge/assignment inquiries.
- Conduct timely follow-up to obtain all past due payout funds. When necessary, reactivate mortgages and initiate collection for outstanding balances.
- Diligently complete collection activity to obtain payout shortfalls.
- Work with Renewals and Internal Refinance teams to retain mortgages.
- Understand and follow policies, guidelines, and procedures.
Requirements
- Complete a diploma program in a related discipline or minimum of 2 years in a related field.
- Knowledge of mortgages.
- Strong math and analytical skills.
- Strong attention to detail.
- Ability to meet tight deadlines.
- Ability to balance multiple high-risk priorities simultaneously.
- Strong organization skills.
- Superior interpersonal and communication skills – written and oral.
- Excellent customer service skills.
- Team oriented.
- Intermediate excel skills.
- Experience with MS Office Suite (Outlook, Word, Excel).
Location
- Toronto, ON
Work Type
- Hybrid
Experience Level
- Minimum of 2 years in a related field
Education Level
- Diploma program in a related discipline
Benefits
- 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
About the Company
- 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.
Equal Opportunity
- 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.