Loans Administration Officer
- Fredericton, NB, Canada
This position has an annual salary in the range of $43,605 - $51,300. · Full-time
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Job details
- Pay
- This position has an annual salary in the range of $43,605 - $51,300.
- Job type
- Full-time
- Apply by
- Posting language
- English
- Posted
Original job description
Retail Credits & Deposits
Remote/Hybrid
The Loans Administration Officer is responsible for auditing and administering loan, mortgage and credit applications and for preparing loan packages and documentation in accordance with established policies, procedures and regulatory requirements.
Key Responsibilities Of The Role Include
At Brunswick Credit Union, our people are our greatest asset - over 200 dedicated employees drive our success. In return we offer a total compensation package that promotes work life balance including vacation starting at three weeks, personal days, even birthdays off. Employee wellness is a priority for us and we underscore that with 100% paid health and dental benefits and an annual wellness benefit to put towards what you feel will support your wellness journey. Want to grow with us? We take your professional development seriously too, and support employees’ growth through multiple course offerings and specialized training where fitting.
We are committed to providing a work environment that fosters inclusion, value and respect and reflects the diversity of the communities in which we live and serve. We encourage and welcome applications from traditionally underrepresented and equity-seeking groups. All qualified applicants will receive equal consideration; however, priority will be given to Canadian citizens and permanent residents. Should you require any accommodation during the recruitment process or otherwise, please notify us and we will work to meet your accessibility needs.
The ability to be bonded is a condition of employment with Brunswick Credit Union. This consists of the completion of a bonding application process which includes a criminal record and credit check.
Remote/Hybrid
The Loans Administration Officer is responsible for auditing and administering loan, mortgage and credit applications and for preparing loan packages and documentation in accordance with established policies, procedures and regulatory requirements.
Key Responsibilities Of The Role Include
- Lending Administration
- Audits loan packages and documentation to ensure the quality and accuracy of applications and completes follow-up on outstanding items and documentation.
- Administers the funding of loan and mortgage applications and adheres to scheduled closing dates.
- Ensures security agreements, registrations, and searches are properly conducted and recorded and completes security discharges as required.
- Completes daily reports to verify completeness and accuracy of data input, monitors for potential problems, and initiates corrective action as appropriate.
- Completes loan and credit transactions, such as rescheduling lump-sum payments, payment holidays, and interest adjustments, to ensure lending products are up-to-date and compliant with procedures and policies.
- Reviews and balances internal lending accounts and prepares renewal documentation for lines of credit and mortgages, tracking renewals and following up as required.
- Maintains, administers, monitors, prepares, and submits loan and credit reports and provides general administrative support as required.
- Member Advice
- Cross-sells credit union products and services, educates current and prospective members on credit union offerings, and supports business development opportunities.
- Maintains up to date knowledge of all credit union banking products, services and competitors’ offerings.
- Risk Management & Compliance
- Remains up to date on and ensures compliance with all related policies and procedures
- Advanced attention to detail
- Proficient in communication skills (oral, written)
- Proficient knowledge of products and services
- Proficient in the use of Microsoft Office 365 applications
- Proficient knowledge of policies and regulatory environment
- Proficient critical thinking, decision making and ability to exercise sound judgement
- Working knowledge of sales, promotion and referrals
- Working knowledge of lending practices, and financial principles
At Brunswick Credit Union, our people are our greatest asset - over 200 dedicated employees drive our success. In return we offer a total compensation package that promotes work life balance including vacation starting at three weeks, personal days, even birthdays off. Employee wellness is a priority for us and we underscore that with 100% paid health and dental benefits and an annual wellness benefit to put towards what you feel will support your wellness journey. Want to grow with us? We take your professional development seriously too, and support employees’ growth through multiple course offerings and specialized training where fitting.
We are committed to providing a work environment that fosters inclusion, value and respect and reflects the diversity of the communities in which we live and serve. We encourage and welcome applications from traditionally underrepresented and equity-seeking groups. All qualified applicants will receive equal consideration; however, priority will be given to Canadian citizens and permanent residents. Should you require any accommodation during the recruitment process or otherwise, please notify us and we will work to meet your accessibility needs.
The ability to be bonded is a condition of employment with Brunswick Credit Union. This consists of the completion of a bonding application process which includes a criminal record and credit check.
More about this job
Responsibilities
Audit and administer loan, mortgage, and credit applications; prepare documentation, coordinate funding and closings, and ensure security records and transactions are accurate and compliant. Maintain lending reports and accounts, manage renewals and follow-ups, support members with product advice, and follow applicable policies and procedures.
Requirements
The role requires a post-secondary certificate or diploma in Business Administration and 1–3 years of related experience, or an equivalent combination of training and experience. Candidates should have strong attention to detail, communication and judgment skills, proficiency with Microsoft Office 365 and knowledge of financial products, lending practices, policies, and regulatory requirements.
Skills
- Loan Administration
- Loan Package Auditing
- Mortgage Administration
- Loan Funding
- Documentation Accuracy
- Regulatory Compliance
- Security Registrations
- Financial Reporting
- Account Reconciliation
- Credit Transactions
- Renewal Documentation
- Microsoft Office 365
- Attention To Detail
- Communication
- Critical Thinking
- Member Advice And Cross-Selling
Benefits
- Vacation Starting At Three Weeks
- Personal Days
- Birthday Off
- Paid Health Benefits
- Paid Dental Benefits
- Annual Wellness Benefit
- Professional Development
- Specialized Training
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Administrative
- Customer Service & Support
- Sales
Keywords
- Loan Administration
- Mortgage Applications
- Credit Applications
- Lending Administration
- Loan Package Audits
- Loan Funding
- Closing Dates
- Security Agreements
- Security Registrations
- Security Discharges
- Loan Transactions
- Payment Holidays
- Interest Adjustments
- Lines Of Credit
- Renewal Documentation
- Financial Reporting
- Account Reconciliation
- Regulatory Compliance
- Risk Management
- Credit Union
- Member Advice
- Cross-Selling
- Business Development
- Microsoft Office 365
- Lending Practices
- Financial Principles
- Sales And Referrals