Cmb Insurance Brokers - Loan Analyst

The Loan Analyst position reports directly to the Senior Loan Analyst and requires a candidate that is both process and detail oriented to process new loan applications and endorsements. This individual will complete requests promptly and accurately with a high level of customer service that guides their interactions within and outside the organization.

ESSENTIAL FUNCTIONS

Processing New Loans and Endorsements

• Process new loans verifying for accuracy and completeness
• Review applicants for eligibility and submit applications for approval
• Process loan endorsements on a timely basis
• Compose all correspondence via letter and email
• Input and manage data in several systems and ensure tracking records are updated with each transaction
• Ensure lending operations are conducted in accordance with established policies and legal compliance.
• Manage all NSF and return payments in a timely and professional fashion
• Follow risk management processes to minimize losses from loan defaults
• Reconcile loan bank account daily
• Reconcile processing system balances weekly
• Reconcile inter-company balances daily
• Process credit card payments from loan customers
• Process monthly payments to associated companies
• Train new front line users on inputting loan requests into software

Reporting Support

• Provide weekly reports to the Finance team on reconciliation items
• Provide monthly confirmation of bank, system and inter-company balances
• Provide monthly reports for lenders
• Track and report special installment plans
• Report any and all issues to management as they occur

KEY PERFORMANCE INDICATORS

• All new loans and endorsements processed with 99% accuracy
• All new loans and endorsements processed within 24 hours
• Bank balance, system balance and inter-company balance reconciled at least every month
• Payments to associated companies processed by 25th of each month
• Losses maintained below 1% of profits before taxes

CMB TEAM SUPPORT

• Be familiar with and follow company policies and procedures as established (Employee Handbook, Finance policies and procedures, etc.).
• Attend and participate in staff meetings and company functions.
• Demonstrate good corporate citizenship qualities with a positive attitude.

KNOWLEDGE & EXPEREINCE:

• Excellent interpersonal and communication skills
• High level of spoken and written English essential for this position
• Commercial awareness to make sound business judgement
• Independent, process oriented with an attention to detail
• Strong computer skills and proficient with Microsoft Office products
• Math aptitude required to calculate financial formulas, interest and payment schedules
• Completion of high school or equivalent, required
• Post Secondary education in accounting or finance is an asset

This job operates in a professional office environment. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Job Types: Full-time, Permanent

Salary: From $60,000.00 per year

Benefits:

• Company events
• Dental care
• Disability insurance
• Life insurance
• On-site parking
• Tuition reimbursement
• Vision care

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person