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At Coast Capital, we’re not dreaming about a better future, we’re building one.

As a member-owned cooperative, we’re helping our members with their real goals and real challenges so they can live the real life they want. It’s what we’ve been doing for over 80 years, and it’s why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community – almost $90 million since 2000 alone – because when our members do well, we believe our communities should do well too.  

Syndicated Lending Operations Associate

Location: British Columbia (CA-BC)  

Job Type: Full Time 

Pay Grade: 

 

 

What’s the Job?

The Syndicated Lending Operations Associate is part of the Commercial Lending Operations team.  The role is responsible for servicing of Coast Capital Savings’ syndicated and mezzanine financing portfolio.  They work collaboratively with the Assistant Manager, Syndication & Mezzanine Services to drive a high quality of standards, risk management, and strong data integrity.  This individual will contribute to syndication projects as a subject matter expert, and will educate, train and develop team members. They work well in a fast paced, complex, and high volume environment.

 

What You’ll Get to Do:

Examines and interprets Inter-Lender Agreement to determine deal structure, including which products and values are being assigned to each financial institution

Strategizes with the Assistant Manager on how best to utilize syndication systems to support necessary products

Facilitates discussions with Senior Account Managers/Directors on deal structure and problem solving

Lead discussions with partner FI’s Agency teams with respect to monthly accounting, including the split of draws, payments, and interest

Calculate splits for each participating FI for draws, payments, fees, and payouts, and coordinates & reconciles the associated wire transfers and payment notices.

Processes and reconciles ongoing carve out portions of the loans, redistributing and re-calculating the payments and fees as needed to the other partners, while ensuring total commitment is not exceeded.

Reconciliation of FX (USD-CAD) lending on participant files, noting associated USD products are not available in our systems

Sets up and reconciles with partner FI’s of Bankers Acceptance loans

Performs banking system transactions for account creation, funding, renewals, payouts as well as complex loan maintenance (i.e. payment adjustments) necessitated by the fact that each FI’s calculations differ from each other.  Non-loan activities such as membership and vostro account creation also required.

Technical knowledge of the following systems: T24, Syndtrak, Syndication Admin Tool, and Sharepoint.  This includes day to day use & manipulation to suit unsupported transactions.

Provide technical expertise, guidance, coaching and training for other team members

Who we are Looking For:

Level of Education

High School Diploma plus some additional post-secondary courses.

Minimum Grade 12 education, and some post-secondary education in business administration, finance, accounting would be an asset, or equivalent combination of education and experience.

 

 

 

Experience in similar role or with similar/comparable work- Minimum 4-6 Years of Job Related Experience

The incumbent must have 4-6 years of syndicated commercial lending administration experience and be conversant with CCS lending products, services, policies and procedures. Must possess strong communication skills, using tact and problem solving skills to assist and support staff at all levels.

Solid knowledge of banking operations including risk management controls, techniques and practices in an administrative environment

Solid proficiency with banking systems

Solid proficiency in MS Office applications & Syndtrak

Strong knowledge of commercial procedures, processes and practices

Strong knowledge of commercial lending products and services

Working knowledge of lending policy

Strong communication and interpersonal skills

Advanced critical thinking and decision-making skills

Advanced ability to analyze and interpret large amounts of information, apply and re-configure concepts and strategies

Coast Capital Savings

Why join Coast Capital?

Purpose is our North Star.  We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we’re doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you’re most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family.  We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That’s why we offer the choice of a defined contribution or defined benefit pension plan or RSP’s.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year.  We’re human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We’re a Platinum member of Canada’s Best Managed Companies and are regularly recognized by Canada’s Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That’s why since 2000 we’ve invested over $90 million into our member’s communities. 

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

Equity, Diversity & Inclusion at Coast Capital

At Coast Capital, we value diversity, equity and inclusion. We’re not all the same and we like it that way. We don’t just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

COVID-19 at Coast Capital

Coast Capital Savings is committed to the health and safety of our employees, member, and communities. With this commitment in mind, Coast Capital complies with all public health mandates (provincially and/or federally, as applicable) and has implemented various safety measures, including requiring all employees to be fully vaccinated against COVID-19, and making COVID vaccination a pre-condition to employment with Coast Capital. All successful applicants must provide acceptable evidence of full vaccination against COVID-19, before any contract of employment becomes final and binding, and before your start date can be set.

Exceptions may apply where vaccination is not possible for medical or religious reasons that are protected under Canadian human rights laws. Should successful applicants require a medical or religious accommodation related to vaccination please discuss whether an exception may apply with your Talent Acquisition Advisor.

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