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
.

What we offer:

• Work-life flexibility
• Hybrid work environment
• One time allowance to set up your office for remote first employees
• 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
• subject to employment agreement

Job Summary:
As the Credit Administration officer, you will provide administrative support to the Commercial Real Estate Lending team. You will be responsible for providing loan administration, monthly reconciliation of loan trial balances, and providing member service support to our Credit Union partners.

What you’ll be doing:

• Perform duties relating to the administration of the commercial loans system Portfolio Plus (“PPlus”) including loan set-up, payment processing, and extracting of data and report generation.
• Monitor commercial portfolio for repayment and covenant requirements.
• Prepare mortgage renewal letters and payout statements as instructed by regional managers.
• Reconciles 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.

What you’ll have:

• Post-secondary degree or diploma in business, finance, or accounting.
• Proficient in the Microsoft Office Suite of programs with an 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.
• Previous work experience in a financial institution with exposure to Commercial Real Estate Lending administration (is considered an asset)

LI-Hybrid

Salary: $50,000-$55,000 annum
The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.
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

• Perform duties relating to the administration of the commercial loans system Portfolio Plus (“PPlus”) including loan set-up, payment processing, and extracting of data and report generation.
• Monitor commercial portfolio for repayment and covenant requirements.
• Prepare mortgage renewal letters and payout statements as instructed by regional managers.
• Reconciles 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