ABOUT THE ROLE
The primary responsibility of the Analyst, Loan Administration is to manage the ongoing administration associated with the Commercial mortgage portfolio and provide support to the Funding and Special Loans team. This support allows for improved efficiency across the department and helps provide borrower with a satisfactory experience. This is an ideal role for someone with a sharp eye for detail and a passion for process excellence in commercial real estate finance.
KEY ACCOUNTABILITIES & DUTIES
- Assist Relationship Managers, Analyst, Special accounts, and Funders with data cleanup and reporting
- Complete various projects to organize files and loan servicing system
- Prepare payout request for all mortgage receivable financing facilities
- Follow up for solicitor closing binder
- Collect upcoming maturity insurance policies by contacting borrowers and insurance brokers.
- Prepare and confirm loan payouts and partial principal reductions conform to the terms of the commitment letter
- Prepare allocation of funds for posting
- Review discharge documentation for the release of loan security in a timely manner, ensuring they adhere to legal guidelines;
- Liaise and maintain positive relations with borrowers, brokers, insurers, external vendors, and other departments for any information requests
- Maintain accurate data for reporting purposes for electronic files
- Prepare data loan set up checklists for mortgage loan system
- Process, collect and review set ups for new loans, extensions and renewals for all third-party loans
- Follow up for financial statements, rent rolls, personal net worth and operating statements, property taxes, leases
- Manage fees billing, reductions, cancellations and reporting for Letters of Credits
- Add banking system alerts for watchlist and non-performing loans
- Prepare the expiry and reminder reports
- Manage the Blue Pencil offsite storage facility
- PROCESS IMPROVEMENT:Contribute to the development and refinement of checklists, templates, and procedures to improve efficiency and reduce risk.
Minimum Qualifications
To be successful in this position, the incumbent needs to have strong interpersonal skills to be able to work independently and as part of a team and to be able to organize projects and prioritize tasks. The incumbent needs to have a basic understanding of the mortgages lending process for at least 2 years and exceptional skills in Excel, Word and Outlook. The challenge of the position is constantly changing priorities, maintaining a positive attitude while under pressure and dealing with conflicting directions. The incumbent needs to be accommodating, value quality and accuracy, and have good verbal and reasoning skills and to use a systematic approach to situations and activities.
Skills Required
- Proficient in Microsoft Office Suite, especially Word, Excel and Outlook
- Exceptional written and oral communication skills
- Strong organizational and administrative skills, with a commitment to taking initiative to make processes more efficient and effective
- Accurate with a high attention to detail
- Effectively able to multitask, prioritize workload and complete assignments in a timely manner
- Positive attitude while under pressure and dealing with conflicting directions
If you are interested in joining a growing firm with a real entrepreneurial spirit, please apply online at https://cameronstephens.com/careers/
While we appreciate your interest in applying, only those candidates whose skills and qualifications closely match the requirements of the position will be contacted. All candidates considered for hire must successfully pass a criminal, education, and credit background checks to qualify for hire.
We are committed to providing equal opportunities for persons with disabilities. Accommodations are available at all stages of the recruitment process, at the candidate’s request.
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