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Analyst, Loan Funding

Outhire Inc.21 days ago
Toronto, Ontario
CA$42,294 - CA$49,343/yearly
Mid Level
full_time

Top Benefits

Standard Health Benefits
3 weeks vacation

About the role

Delivering a Better Hiring Experience.

At Outhire, we believe in revolutionizing the hiring process to make it more equitable and enjoyable for everyone involved. Our innovative approach puts candidates front and center, offering in-depth looks at open positions, personalized advice, and interview preparation. But we don't stop there - our Visual Resume feature ensures that hiring managers see the complete picture of who you are and what you bring to the table while eliminating biases you may face with traditional hiring practices. With Outhire, you can trust that we'll work tirelessly to match you with the role that truly fits your skills, experience, and aspirations. Join us in our mission to create a better hiring experience.

TITLE

Analyst, Loan Funding

SALARY RANGE

$60,000 - $70,000

CASH BONUS

Discretionary

THE PERKS

Standard Health Benefits

3 weeks vacation

LOCATION

Toronto, ON

THE OFFICE

In-Office

TEAM SIZE

2 people

THE ROLE

A critical individual contributor role who will be responsible for supporting the funding and disbursement process for commercial loans, analyzing loan documentation, ensuring funding conditions are met, and providing operational and analytical support to the loan funding team.

  • Loan Documentation & Analysis (40%)
  • Funding Operations & Coordination (35%)
  • Compliance & Risk Management (15%)
  • Process Improvement & Support (10%)

THE TASKS

Loan Documentation & Analysis

  • Analyze commercial loan files to ensure all conditions precedent to funding are fulfilled
  • Validate and track key documentation including term sheets, loan agreements, and security documents
  • Review legal, financial, insurance, and compliance requirements for accuracy
  • Prepare introductory letters to borrowers with checklists and due diligence documents

Funding Operations & Coordination

  • Support end-to-end funding process including preparation of disbursement schedules and funding memos
  • Prepare mortgage loan closing statements and balance closing numbers
  • Requisition funds and arrange funding wires for loan disbursement
  • Perform post-funding reconciliation and support loan boarding into core systems

Compliance & Risk Management

  • Monitor regulatory compliance including anti-money laundering (AML) and know-your-client (KYC) protocols
  • Engage service providers to complete property and legal due diligence

Process Improvement & Support

  • Assist with development and refinement of funding procedures and internal controls

THE COMPANY

A growing commercial lending organization specializing in comprehensive loan funding and servicing solutions for business clients. The company maintains strong relationships with legal firms, title companies, and regulatory bodies while focusing on operational excellence and compliance.

THE OPPORTUNITY

Build your expertise in commercial lending operations within a collaborative environment where precision and process excellence drive business success. This role offers significant exposure to complex funding transactions and regulatory frameworks, making it ideal for detail-oriented professionals seeking to advance their career in financial services.

EXPECTATIONS TIMELINE

By Month 1

  • Master core documentation and process requirements
  • Understand internal systems and operational workflows
  • Build relationships with key stakeholders and external partners

By Month 3

  • Independently manage file analysis and ensure all requirements are met
  • Coordinate operational activities including scheduling and transaction coordination
  • Demonstrate proficiency in regulatory and compliance protocols

By Month 6

  • Lead complete process management for assigned loan files
  • Handle complex scenarios and specialized transactions independently
  • Provide recommendations for process improvements and operational enhancements

By Month 12

  • Drive operational excellence initiatives and process automation
  • Serve as subject matter expert for complex funding scenarios
  • Contribute to strategic planning for funding operations optimization

THE SKILL SET

  • College or Bachelor’s degree in Finance, Accounting, Business, Law or a related field.
  • Previous experience in commercial loan operations, loan servicing, funding, or financial analysis.
  • Familiarity with compliance frameworks (AML, FINTRAC, OSFI, etc.).
  • Excellent communication skills, both written and verbal.
  • Intermediate skills in Microsoft Office (Excel and Word) desirable.

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

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About Outhire Inc.

Staffing and Recruiting
1-10

Outhire was born out of the simple necessity for a better hiring process. Dedicated solely to finance and accounting professionals, Outhire is a recruitment agency, passionate about transforming the recruitment process by infusing convenience and simplicity.

At Outhire, we focus on bringing the employers and candidates together through a human connection with video messaging. With Outhire, qualified candidates will be able to present their skills and ability directly to employers.

Gone are the days that qualified applicants are passed over due to the state of their resume. Through experience and feedback, we work tirelessly to supercharge the whole process. With state-of-the-art technology and years of combined hands-on experience in the field, we bring the hiring process to the 21st century.