Bilingual Senior Funding Officer coordinating loan closings and ensuring compliance in commercial mortgages. Mentor to Funding Officers and collaborator with credit risk management in Toronto.
Responsibilities
Coordinate loan closing by instructing solicitor and external property insurance consultant, ensuring all requirements are met, including commitment changes being addressed and deposits received
Liaise with solicitors, originators, and CMLS Credit Risk Management, to ensure all supporting documents and funding conditions are received and satisfied prior to advancing funds
Review corporate structure and documentation to ensure compliance with FINTRAC legislation
Coordinate closings with investors, ensuring all investor requirements are met and investor approvals are received
Coordinate locking of the interest rate, ensuring all pre-rate lock conditions are satisfied and investor requirements regarding timing of rate lock are met
Calculate interest adjustments, tax holdbacks and monthly tax components
Arrange advance approval by senior management prior to requesting funds from the investor and instructing legal counsel regarding the advance
Ensure accurate information is provided to the CMLS servicing department for set up of all loan details in the commercial loans management system
Ensure compliance with policies and procedures including legal, ethical, and regulatory requirements
Review corporate structure and documentation to ensure compliance with FINTRAC legislation
Act as mentor for Funding Officers
Assist with training of new hires
Complete file audits for teammates
Requirements
Bilingualism in French and English
At least 4 years of experience in commercial mortgage funding, including complex loan structures
A detail-oriented, results-driven approach
Completed either an undergraduate degree or have other post-secondary education
Experience in the commercial mortgage industry, preferably in mortgage funding
Possess strong organizational skills
Able to prioritize, multi-task and adapt to a variety of responsibilities
Take ownership of your work and demonstrate a high degree of accountability and commitment at all times
Excellent communication skills, both written and verbal, and the ability to work well independently as well as within a team environment.
Benefits
Comprehensive Health Coverage: Top-tier extended health, dental, and vision coverage, featuring 100% drug coverage.
Health & Wellness Spending Account: A $1,500 combined annual flex fund for things like gym memberships or extra medical needs.
Generous Paid Time Off: 4 weeks of vacation plus 8 personal floater days.
Retirement Savings: Access to a group RRSP/DPSP plan featuring competitive company-matching contributions.
Telemedicine Services: Access via Dialogue and coverage for licensed practitioner services.
Family Support: Robust Maternity and Parental Leave Top-Up programs.
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