Job Posting Details

Commercial Lending Administrator, Tandia Financial Credit Union Ltd.

Location:Hamilton, Ontario
Posting Date:April 27, 2018
Closing Date:until filled
Web Site:www.tandia.com
Employment Type:Full-time / Permanent

At Tandia, our commitment is to fundamentally change the banking experience for the better. Cooperative banking is what we do, and it’s so much bigger than the other kind. We have a lot of reasons to be proud to work here. 

  • We offer an attractive salary, success sharing, and a comprehensive pension plan
  • We have a competitive benefits package, including vision, dental, and paramedical services
  • Employee pricing benefits on many financial services, including daily banking plans, loans, and mortgages
  • Education is a priority and we reimburse staff for the cost of approved, University-accredited courses for your professional development
  • As a credit union, living the co-operative principles is a part of our long and rich history
  • We invest in our members and our communities with an extensive community investment program devoted to supporting the organizations, events, and volunteers that make our communities stronger (check out our page on Do Some Good)

If you are looking for a career where you can genuinely make a difference in people’s lives and your passion is helping people with their financial challenges and giving them the tools and support they need to achieve their unique financial goals, Tandia is interested in meeting you.

We are currently looking for a permanent full time Commercial Services Administrator to work out of our Hamilton Head Office. The starting rate for this position is $25.42 per hour.

 

JOB FUNCTION

Under the direct supervision of the Manager, Commercial Administration, this position is responsible for providing overall administrative support to the Commercial Services Department.

MAJOR DUTIES & RESPONSIBILITIES:

  • Focus on the highest quality member service, ensuring alignment with overall Tandia Credit Union and Commercial goals and objectives

  • Maintain follow up system to ensure timely submission of financial statements, insurance renewals, property tax payments, Letter of Credit expiries, and PPSA expiries for annual review of commercial accounts

  • Maintain follow up system for commercial mortgage renewals, PPSA expiries, insurance renewals, collection of reporting requirements, collection of fees, etc.

  • Preparation of Term Sheets for new prospects and Commitment letters for authorized credit facilities

  • Responsible for registering commercial security documentation, developing and reviewing mortgage payout statements, and preparation of Mortgage Discharge documents

  • Set up and maintenance of commercial credit/member files, including all supporting account documentation and opening current accounts

  • Preparation of Pre-funding Compliance Certificate for authorization of mortgage disbursements and the processing of loan advances and solicitors’ final reports

  • Completes background investigation and analysis under the direction of the reporting manager and assigned credits

  • Conducts preliminary analysis in preparation for commercial annual reviews

  • Provides administrative support to the Commercial Department, specifically in analyzing members’ needs and acting upon members’ requests

  • Assists Senior Managers within the Commercial team on overall management and control of delinquency

  • Preparation of monthly financial reports

  • Communicate, liaise, and follow up with external stakeholders (i.e. commercial members, solicitors, syndicate partners, insurance brokers, municipal tax authorities, accounting firms, etc.)

  • Other duties as assigned

QUALIFICATIONS

Knowledge:

The incumbent will have an understanding of credit union's business objectives, products and services at an 80% minimum knowledge proficiency and thorough knowledge of personal and commercial lending policies.  Understanding of legalities regarding consumer and commercial lending documentation and process is required with respect to mortgages, lodgement of titles, amending agreements, title insurance, general security agreements and PPSA registrations. A strong understanding of mortgage security registration is mandatory.  Adherence to Tandia philosophies and principles, mathematical calculations on ratios and amortization schedules and credit union computer system is also required.  Working knowledge of Microsoft Office 2007 applications (Word & Excel) is needed. 

Skills:

Decision-making, problem-solving, and conflict resolution, time management, keyboarding, policy interpretation, verbal and written communication, and organizational skills.  Demonstrated ability to analyse financial statements and understand aspects of lending such as project financing, market analysis trends, and cash management, etc. The ability to work independently with minimal supervision.

EDUCATION/EXPERIENCE:

  • Post-secondary diploma, degree and/or certification in Business Administration, Economics, Finance, Commerce, Real Estate or a related program, or an equivalent combination of education and experience

  • 1- 3 years of commercial services administration experience

  • Willingness to participate in the CUIC (Credit Union Institute of Canada) General Studies Program

Tandia is committed to meeting the accessibility needs of persons with disabilities in a timely manner, consistent with the principles of dignity, independence, equal opportunity and integration.  Tandia is strongly committed to employment equity within its community and to recruiting a diverse workforce.  Accommodation for employees with disabilities will be provided upon request by contacting the Human Resources Department.