About the role
-Legal Clerk Downtown Toronto
Our outstanding client, a thriving and growing Investment Fund Manager and Commercial Mortgage Leader, located in downtown Toronto, close to Union Station is growing! They are looking for a Legal Clerk to join its team!
In this role the candidate will perform a variety of tasks in connection with funding loans on commercial properties located nationally and across all asset classes.
Whoare you?
A self-starter who can roll up their sleeves to get the job done. You know that administration is also a part of the job. You are client-focused and eager to learn new things. You know what it means to work as a team and can communicate clearly.
Duties & Responsibilities:
- Preparing and negotiating letters of intent/commitment lettersincompliance with credit requirements
- Understanding, negotiating, and assisting with drafting of loan documents including intercreditor and syndication documents, postponement and priority agreements, and other related legal documents.
- Engaging service providers to complete property and legal due diligence
- Preparing introductory letters to borrowers with checklists and due diligence documents
- Reviewing tenant estoppel and related documents
- Providing support to borrowers and originators/underwriters by initiating requests for information and documentation concerning the closing of each loan file
- Working closely with borrowers on closing their mortgage loan
- Working with all third-party service providers to facilitate each loan closing file
- Reviewing loan documents and legal due diligence packages
- Receiving and forwarding insurance policies for review by insurance consultant
- Completing anti-money laundering due diligence and documentation
- Working with the underwriting and origination teams to ensure that loan due diligence has been completed in preparation for closing, including ensuring all escrow and reserve requirements are included in the final mortgage loan closing statement
- Reviewing and/or preparing closing documents and providing instructions to legal counsel in negotiation of loan documents
- Reviewing documentation to ensure that conditions are cleared to close
- Preparing and balancing closing numbers, requisitioning funds and arranging funding wires
- Checking that disclosure tolerances are within guidelines and assure that all procedures meet internal and investor requirements as well as compliance to all regulatory and governmental agencies
- Reconciliation of mortgage loan files
Requirements:
- Minimum of 3+ years of experience working closely with commercial mortgages with a lender or a law firm
- Ability to work independently and handle multiple priorities
- Ability to handle a heavy workload at times
- Extremely organized
- A client-service mindset
- Strong individual contributor and always open to support and work within the team
- Must have computer skills in Microsoft suite
- Basic accounting knowledge
- Knowledge of syndicated loans and FSRA disclosure requirements is considered an asset
- Knowledge of intercreditor agreements and understanding priority clauses is considered an asset
Interested candidates should apply today! We thank all applicants for their interest in this role however only those candidates selected for an interview will be contacted. Thank you for your interest in Linds & Associates Ltd.
Not the right fit? Search for Law Clerk jobs in Toronto, ON
About Linds & Associates Ltd.
Serving employers and candidates since 2005 with legal recruitment and placement services in Toronto and the GTA, Linds & Associates Ltd. has built a network of clients and candidates to effectively address the staffing needs of professional organizations and law firms and support qualified candidates in their search for career placement.
Clients engage our services for our proven ability to provide dedicated and well skilled talent in the shortest time possible. Committed to an uncompromising level of service, Linds & Associates Ltd. tailors each search to meet our client’s exacting needs.
Candidates engage our services because they know that we take a personal interest in them and spend time getting to know them. Our goal is to help find our candidates the right opportunity to further their career and not just move them into their next job.
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About the role
-Legal Clerk Downtown Toronto
Our outstanding client, a thriving and growing Investment Fund Manager and Commercial Mortgage Leader, located in downtown Toronto, close to Union Station is growing! They are looking for a Legal Clerk to join its team!
In this role the candidate will perform a variety of tasks in connection with funding loans on commercial properties located nationally and across all asset classes.
Whoare you?
A self-starter who can roll up their sleeves to get the job done. You know that administration is also a part of the job. You are client-focused and eager to learn new things. You know what it means to work as a team and can communicate clearly.
Duties & Responsibilities:
- Preparing and negotiating letters of intent/commitment lettersincompliance with credit requirements
- Understanding, negotiating, and assisting with drafting of loan documents including intercreditor and syndication documents, postponement and priority agreements, and other related legal documents.
- Engaging service providers to complete property and legal due diligence
- Preparing introductory letters to borrowers with checklists and due diligence documents
- Reviewing tenant estoppel and related documents
- Providing support to borrowers and originators/underwriters by initiating requests for information and documentation concerning the closing of each loan file
- Working closely with borrowers on closing their mortgage loan
- Working with all third-party service providers to facilitate each loan closing file
- Reviewing loan documents and legal due diligence packages
- Receiving and forwarding insurance policies for review by insurance consultant
- Completing anti-money laundering due diligence and documentation
- Working with the underwriting and origination teams to ensure that loan due diligence has been completed in preparation for closing, including ensuring all escrow and reserve requirements are included in the final mortgage loan closing statement
- Reviewing and/or preparing closing documents and providing instructions to legal counsel in negotiation of loan documents
- Reviewing documentation to ensure that conditions are cleared to close
- Preparing and balancing closing numbers, requisitioning funds and arranging funding wires
- Checking that disclosure tolerances are within guidelines and assure that all procedures meet internal and investor requirements as well as compliance to all regulatory and governmental agencies
- Reconciliation of mortgage loan files
Requirements:
- Minimum of 3+ years of experience working closely with commercial mortgages with a lender or a law firm
- Ability to work independently and handle multiple priorities
- Ability to handle a heavy workload at times
- Extremely organized
- A client-service mindset
- Strong individual contributor and always open to support and work within the team
- Must have computer skills in Microsoft suite
- Basic accounting knowledge
- Knowledge of syndicated loans and FSRA disclosure requirements is considered an asset
- Knowledge of intercreditor agreements and understanding priority clauses is considered an asset
Interested candidates should apply today! We thank all applicants for their interest in this role however only those candidates selected for an interview will be contacted. Thank you for your interest in Linds & Associates Ltd.
Not the right fit? Search for Law Clerk jobs in Toronto, ON
About Linds & Associates Ltd.
Serving employers and candidates since 2005 with legal recruitment and placement services in Toronto and the GTA, Linds & Associates Ltd. has built a network of clients and candidates to effectively address the staffing needs of professional organizations and law firms and support qualified candidates in their search for career placement.
Clients engage our services for our proven ability to provide dedicated and well skilled talent in the shortest time possible. Committed to an uncompromising level of service, Linds & Associates Ltd. tailors each search to meet our client’s exacting needs.
Candidates engage our services because they know that we take a personal interest in them and spend time getting to know them. Our goal is to help find our candidates the right opportunity to further their career and not just move them into their next job.