Associate, Business Enterprise Solutions (BES)

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The Associate is responsible for supporting the underwriting team in document fulfillment and due diligence tasks from receipt of deal through to the funding stages. The incumbent will ensure compliance with the Company’s established lending guidelines and specific deal requirements. Additional duties are also required including reporting and special projects required by senior management. The incumbent will be working closely with the Commercial underwriting team, the Commercial Originations team, Commercial Funders and Administrators, Mortgage Services, Accounting/Finance and other internal departments. The development plan for this individual is to become an underwriter for the commercial credit team in 1-2 year’s time.

• On a daily basis, the incumbent will assist with the timely and efficient collection of documents for transactions by communicating with internal contacts (i.e. underwriters, originators) and external contacts (i.e. partners, brokers, sponsors) to ensure a deal is ready for underwriting and subsequent funding. The incumbent will scrutinize the files to ensure accurate receipt. The incumbent will also assist underwriters in the preparation of supporting documentation required as part of a credit submission like industry segmentation, aggregate exposure and AML form (40%).
• On a daily basis, the incumbent will assist the underwriter with due diligence items, the list of which will expand per the following timeline and based on the incumbent’s growth (50%):

• On a daily, weekly, monthly, and quarterly basis the incumbent will be responsible for the preparation of specific reports on assigned categories as well as contributing to special projects required for the department/Company which will be relied upon by Senior Management (10%).

• Bachelors’ degree.
• Educational or work background in Financing and Accounting preferred.
• Extensive working knowledge of MS Office (Word, Excel, Outlook, Power Point)
• Excellent attention to detail.
• Strong problem solving and analytical skills
• Excellent time management and organizational skills
• Ability to handle multiple competing priorities
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner

• The incumbent will be continuously challenged by the high level of information requirements and managing multiple activities, many of which will be time sensitive. The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible. Commercial mortgages can be complex in nature, requiring in-depth reviews of documentation. The incumbent will be required to support the entire underwriting team for the afore-mentioned activities, as such will need to be organized and manage their time/priorities well. In addition, the incumbent will support new Company initiatives and understand the impact process changes’ may have on other functional areas within the Company. Projects and Assignments may be diverse in nature, requiring creative and innovative thinking and proactive problem solving.

#LI-Hybrid

What we offer [For full-time permanent roles]

💰 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

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!