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Cash Break & Data Remediation Analyst/ Operation Analyst

Job Type: Contract
Positions to fill: 4
Start Date: Aug 22, 2022
Job End Date: Aug 21, 2023
Pay Rate: Hourly: Negotiable
Job ID: 121648
Location: Toronto
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2 positions: Cash Break & Data Remediation Analyst
2 positions: Operations Analyst

Location Address: Hybrid - at 1 St. Clair Avenue East
Contract Duration: 1 year

ROLE 1 - Cash Break & Data Remediation Analyst
• Investigate and resolve outstanding cash breaks and associated deal/facility/obligation data issues including processing the required entries in corresponding systems to clear the cash breaks and issues.
• Assist with data updates required in the Lending System (ACBS and/or LoanIQ) migration project. Support additional reconciliation and investigation activities during the transitioning to the new system.
• Recognize and ensure all exceptions to policies and procedures are brought to the attention of management for resolution when required.
• Build effective relationships with key business partners by collaborating with process managers and subject matter experts to achieve desired objectives.

ROLE 2 – Operations Analyst
Typical Day in Role:
The incumbent contributes to the overall success of the Loan operations team located in Toronto, by managing a portfolio of medium to complex corporate loans and letters of credit where the Bank is the lead Agent Bank for a group of syndicate lenders or when the bank is providing a direct or bilateral financing for the customer. The incumbent is responsible for the accuracy and integrity of data, accounting reconciliation and record keeping aspects of the loans assigned to them ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s business strategies and objectives.
• Perform day-to-day delivery of critical lending operations processes including loan administration and servicing for syndicate deals with BNS as a participant bank
• Support all aspects of servicing a deal including, but not limited to, rollovers, drawdowns, repayments, static data updates
• Be accountable to assigned portfolio and maintain portfolio health by reviewing control reports and clearing reconciliation discrepancies.
• Assist with data updates required in the Lending System (ACBS and/or LoanIQ) migration project. Support additional reconciliation and investigation activities during the transitioning to the new system.
• Ensures that terms and conditions of authorizations and/or loan documentation are being adhered to including pricing, term and amount.
• Administers instructions by Agents on participations and customers on direct and agented deals including verification of limit availability, accuracy of calculations and disbursement/application of funds.
• Recognize and ensure all exceptions to policies and procedures are brought to the attention of management for resolution when required.
• Build effective relationships with key business partners by collaborating with process managers and subject matter experts to achieve desired objectives.

Must Have Skills:
1) 2+ years of experience working in corporate lending operations, particularly with servicing syndication facilities
2) Experience with ACBS or LoanIQ or equivalent lending systems
3) Demonstrated experience reading and understanding loan documentation

Nice-To-Have Skills:
1) Cash-reconciliation experience

Education:
• University undergraduate degree in finance or business-related studies or equivalent.