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Associate, Lending Services Reconciliations

Toronto, ON
  • Number of positions available : 1

  • To be discussed
  • Starting date : 1 position to fill as soon as possible

Job Summary

Job Description

What is the Opportunity?

You willprovide support to all participants in the day-to-day administration of an assigned group of Single Names and the reconciliation of their related credit facilities, loan drawings and fee and interest schedules. The competence with which you will carry out your duties will have major impact on the credibility of the department, both within and outside the Bank.

You must display a clear understanding of the administrative aspects of each assigned deal in order to resolve the various requests for interpretation and action that arise daily.

What will you do?

  • Process quarterly Prime interest, LC fee and accruing fee transactions in loans systemsas required by the Credit Agreement for the assigned portfolio of Borrower Names

  • Ensure payments are reconciled in timely fashion and any non-payments are escalated

  • Assist with the daily reconciliation of the internal accounts by following up for missing entries

  • Promptly updating OMS comments daily

  • Act as a backup to other Analysts on the team

  • Become the subject matter expert for the end to end loan processing and reconciliation and actively seeks opportunities of enhancements for operational/control efficiency and propose recommendations

  • Provides support to analysts in the day-to-day administration of the assigned groups of Borrower Names and provides assistance for complex reconciliations

What do you need to succeed?

Must Have:

  • University degree or College Diploma or any equivalent combination of qualifications and/or experience

  • Proficiency in Excel, Word, Outlook

  • Ability to work effectively both independently and within a team environment

  • Ability to prioritize, work under pressure and meet time sensitive deadlines

  • Strong analytical skills, detail oriented and abilityidentify issues and suggest solutions

  • Communicate effectively with people at various levels, both internally and externally

  • Quick learner who can handle high volume

  • Comfortable with ambiguity in order to determine tasks requested

Nice to Have

  • Experience in Loans/Credit

Whats in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

  • Leaders who support your development through coaching and managing opportunities

  • Work in a dynamic, collaborative, progressive, and high-performing team

  • Opportunities to do challenging work

  • Flexible work/life balance options

Job Skills

Active Learning, Adaptability, Customer Service, Decision Making, Operational Delivery, Process Improvements, Time Management

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-12-20

Application Deadline:

2025-01-03

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Requirements

Level of education

undetermined

Work experience (years)

undetermined

Written languages

undetermined

Spoken languages

undetermined