Senior Manager, Special Accounts Management

🕒 January 15

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EQ Bank | Equitable Bank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1970

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

EQ Bank | Equitable Bank is a Canadian financial institution that provides a wide range of banking products and services. They offer residential mortgage products, commercial lending, insurance lending, and reverse mortgages. In addition to lending, the bank provides savings and investment solutions such as high-interest savings accounts (HISAs) and Guaranteed Investment Certificates (GICs). Equitable Bank is a member of the Canada Deposit Insurance Corporation (CDIC), ensuring protection for customer deposits. The bank is committed to financial literacy and support for diverse communities in Canada.

📋 Description

• The Senior Manager, Special Accounts Management Unit, is responsible for managing commercial default files, certain commercial loans designated as “problem accounts”, which include but are not limited to conventional, insured and construction facilities while adhering to underwriting standards and the Company’s policies and procedures (including AML requirements, as applicable). • The incumbent is responsible for enforcing the conditions of the mortgage contract on facilities in default as directed by Management, while providing proactive and efficient resolutions/work out strategies to avoid legal action when feasible while minimizing losses to the Bank. • The incumbent will act as the key primary contact for communicating and co-operating with both internal and external stakeholders (such as legal counsel, real estate agents, brokers, partners and other internal departments within the Bank) and representing the Bank in the professional community to ensure transactions are processed in a timely and efficient manner. • The Senior Manager, Special Accounts Management Unit will support the Director, Special Loans and Restructuring and/or AVP, Special Loans and Restructuring, by performing a variety of functions associated with default management, including underwriting/credit analysis, portfolio management/monitoring, reporting, projects and initiatives and other administrative duties, which may include ad hoc requests by Senior Management. • As well as providing training, guidance, and support to other members of the team. • In addition, the incumbent will assist with completing site inspections as required for portfolio management purposes and/or default loans.

🎯 Requirements

• Have a minimum of 5-10 years of commercial mortgage experience or related • Minimum 2-5 years’ defaults experience • Business degree or a related discipline, and/or a CPA or similar professional designation or equivalent work experience • Understanding of mortgage enforcement remedies and foreclosures across Canada • Effective analytical and problem solving skills • Sound technical knowledge of secured lending and factors affecting the commercial mortgage market, with strong understanding of end to end processes • Established and meticulous time management and organizational skills • Sound multi-tasking skills with strong attention to detail when handling multiple competing priorities under tight timelines • Proven ability to thrive in a constant changing environment and ability to perform under a high intensity environment • Self starter with the ability to work independently • Developed and effective negotiation and communication skills, both oral and written • Excellent presentation skills and ability to professionally communicate with Senior Management and other stakeholders (both internal and external) • Experience and ability to lead a team to execute on deliverables and provide training/guidance as needed • Proficient in MS Office • Possess a valid driver’s license. Ability to travel within the provinces, with some overnight travel required from time to time.

🏖️ 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 • 🎓 Annual professional development allowance and a comprehensive Career Development program • 💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience