Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate. IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario.
Did you know that Infrastructure Ontario’s loan team provides infrastructure financing to 80% of municipalities across Ontario? Join a dynamic and forward-thinking Loan’s team at Infrastructure Ontario, where innovation meets excellence.
We are committed to delivering top-notch services and solutions to our clients. Our Lending department is at the heart of our operations, managing a diverse and robust loan portfolio. We are looking for a visionary leader to join us as the Vice President of Loan Operations.
The Vice President, Loan Operations will lead the operational activities and strategic deliverables for the loan operations team This role will be pivotal in ensuring operational effectiveness, oversight, efficiencies, readiness, and reporting capabilities for our $7.0+ billion loan portfolio. You will collaborate with internal and external partners to optimize our processes and technical platforms, ensuring we meet and exceed our operational goals.
What You Will Do:
- Lead a team to deliver operational effectiveness in managing a portfolio of $7bn+ of construction and debenture loans.
- Ensure appropriate oversight of operations and quality control of portfolio controls and daily loan funding deliverables.
- Collaborate with internal and external partners to ensure technology tools, processes, data architecture, and human resources deliver programmatic solutions.
- Provide direction and training to the loan operations team to optimize the use of all technical platforms/tools supporting the loan program.
- Oversee the creation, delivery, and reconciliation of regular and ad hoc management reporting requests.
- Create tools, templates, and data to track transactional portfolio data and loan operations systems issues and resolutions.
What We Are Looking For:
- Before reviewing the qualifications listed below, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role.
- Post-secondary and/or professional learnings in Finance, Business, Accounting, Economics, or other credit risk certifications.
- 10+ years of experience in loan, fixed income, or private credit operations, loan agency, and/or project financing operations/funding/payments.
- 5+ years of people leadership experience with a love of motivating, teaching and growing talent
- Knowledge of the terms and conditions found in loan documentation
- Expertise with loan and credit portfolio data.
- Exceptional MS Excel skills and understanding of data management, governance, and loan data/systems architecture.
- Excellence in ‘numeracy’ including financial reconciliation experience required
- Experience with loan and/or funding operational systems migration and integration is highly desirable.
- Knowledge of construction and/or project financing is desirable.
What We Offer:
- A commitment to creating a diverse, equitable, and inclusive culture.
- A flexible, hybrid work approach that balances professional and personal life.
- Comprehensive health, dental, vision, out-of-country care and paramedical services.
- Access to a suite of virtual healthcare services for non-urgent medical needs.
- Pregnancy and parental leave program: Expecting, eligible employees receive a top-up to 95% of their annual base salary for 31 weeks during parental leave.
- A defined contribution pension plan, with IO contributing 5% of a full-time employee’s annual salary and an option for additional matching contributions.
- $2,500 Healthcare Spending Account to cover expenses not included in the benefits program. Lifestyle Account: Eligibility for fitness, nutrition counseling, and financial planning.
- Professional development opportunities with a broad range of learning programs, including in-person and online training. Leadership development and well-being support.
- IO covers costs for up to two membership and license fees per year if directly related to your role.
- Convenient central location at 1 Dundas St West, accessible by public transit.
This posting will close on Monday November 8, 2024 at 5:00 PM.
Interviews will be done on a rolling basis.
After reviewing the qualifications listed above, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role.
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.
