Credit Administration Officer Jobs

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:

• Top-notch flexible benefits plan
• Work-life flexibility
• Subject to employment agreement
• Career development opportunities
• Corporate discounts
• Retirement Plan, matched contributions at 6%
• Wellness Flex Fund to support personal interest and activities
• Hybrid work environment
• Variable annual incentive plan
• One time allowance to set up your office for remote first employees
• Day off to volunteer in your community and other paid time off options
• Generous annual vacation allotment
• Access to a learning platform and educational assistance support

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:

• Review and/or maintain loan histories/profiles, exposure reports, credit enquiries, credit reports, invoices, fees, and other departmental accounting requirements.
• Reconciles monthly loan trial balances of PPlus to general ledger (G/L).
• Process settlement accounting entries for loan transactions.
• Assist in the verification of transactions in the Treasury Administration department for accuracy.
• Provide timely assistance to Commercial Real Estate Lending enquiries from member credit unions and/or borrowers.
• Prepare mortgage renewal letters and payout statements as instructed by regional managers.
• Cross train with team members on other month end reports related to risk, ALCO, and other ad hoc reports.
• Monitor commercial portfolio for repayment and covenant requirements.
• Maintenance of the Commercial Real Estate Lending Loan Syndication System.
• 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.
• Responsible for maintenance of the electronic and paper-based departmental filing systems and makes recommendations for improvements or updates to both systems.

What you'll have:

• Assumes ownership of expected results, exhibits dedication to own work and proactively contributes to the team’s overall success.
• Ability to work independently, with established department service standards ensuring exceptional member satisfaction.
• Effective analytical skills to identify errors and provide timely solutions to improve efficiencies in processes.
• Working knowledge of the loan administration software Portfolio Plus (“PPlus”) is an asset.
• 5+ years of previous work experience in a financial institution with exposure to Commercial Real Estate Lending administration.
• Excellent verbal and written communication skills with proven interpersonal communication skills and political astuteness.
• 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.
• Accuracy is required in all areas of the role, particularly monthly reporting, and other related tasks.

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 of 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.