IO’s Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency’s finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $19 billion in local infrastructure development, and IO’s Information Technology and Business Services, providing tools and systems to ensure secure, effective, and efficient operations.
IO’s Loan Program is established to provide low-cost construction and long-term financing to certain eligible borrower sectors. Currently, the outstanding loan value of IO’s loan program is about $6.3 Billion, and supports billions in project value across the province of Ontario.
The bulk of IO’s loan portfolio consists of loans to municipalities across Ontario. The Loan Program also provides financing to other sectors, including not-for-profit affordable housing, not-for-profit long-term care providers, municipally owned local distribution and electricity generation providers, hospices etc. Our projects are evident in nearly every municipality across the province. Consider joining this team which plays an integral role in modernizing infrastructure in your community.
This position requires an individual who can manage the loan application process, short and long-term financing needs, banking transactions, internal/external requests for data, and operation of the loans systems.
Reporting to the Manager, the Loan Administrator, this position is a fantastic opportunity for a Loan Administrator to join IO’s Loan Program team. As part of the Infrastructure Ontario Lending team, this role will provide support and coordinate the loan administration responsibilities of the loan portfolio.
What you will do:
- Provide advanced administrative support to the Loan Operations, Customer Relations, Commercial Underwriting and Grant Administration teams, including: acting as backup for Loan Officers when they are temporarily away, meeting coordination, lending document preparation and management, coordination of marketing events, client interaction and specific tasks and projects as assigned.
- Respond to internal and external data requests, including audit summaries for loan information and produce reports for senior management/ministries regarding the status of the loan applications and cash flow activity.
- Provide annual information statements, payment statements and interest accrual statements to clients as required.
- Administer payments for IO’s loan portfolio.
- Administer property tax payments as part of loan portfolio management duties.
- Any other tasks and responsibilities as required.
- This role is a key function in the Lending department and will provide a high level of administrative support to various teams based on the overall priorities and deliverables due at any given time.
Who we are looking for:
- Advanced experience in an administrator role providing client service within a professional services environment.
- Experience working with databases (i.e. entering and tracking information and generating reports) and managing high-volume and complex workloads in a business environment.
- Exceptional organizational skills with the ability to work within tight deadlines.
- Ability to manage various documentation and complex processes.
- Basic knowledge and appreciation of business, finance and lending practices, excellent database management and spreadsheet skills, and have a high level of comfort dealing with external and internal stakeholders.
- Exceptional time management and prioritizations skills, a professional attitude and the ability to handle confidential, complex and delicate issues and information tactfully and diplomatically.
- Previous experience in financial services, loan administration, and/or lending would be considered a strong asset.
What's in it for you:
- Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
- A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
- A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
- Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and license fees per year for eligible colleagues if directly related to the employee’s role.
- Access to a suite of virtual healthcare options to support non-urgent medical needs
- A convenient, central location at 1 Dundas St West, easily accessible by public transit.
This posting will close May 11th 2024.
Interviews will be conducted on a rolling basis until the position is filled.
The hiring range for this position is $60,900 -$91,400 with a corresponding job level of P1
Exact compensation may vary based on skills, knowledge and experience
At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength. We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position.
By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.
