Manager, Loans

Payday Mart-2 based in Brampton, ON is inviting applications from suitable candidates for the position of Manager, Loans who are self-motivated and have good interpersonal skills. Pay Day Mart-2 is one of the best financial service providers in the Greater Toronto Area, with a mission to provide customers with excellent and convenient service. The candidate who got selected will be required to start work as soon as possible. The vacancies refer to Full time orx Permanent employment. The shift timings include Day, Evening, Weekend and Morning

Employer Name: Payday Mart-2
Position: Manager, Loans
No. of vacancies: 1
Salary: $15.00 hourly for 46 hours per week
Employment type: Permanent employment, Full time
Location: Brampton, ON

Budgetary Responsibility: 0 – $100,000

Job Description

The candidate will be required to address customers’ complaints or concerns
The candidate will be responsible for overseeing the preparation of reports.
The candidate will be required to authorise loan and credit applications.
The candidate will be expected to provide advice to senior management.
The candidate will be responsible for planning, organising, directing, controlling, and evaluating daily operations.
The candidate must complete credit and loan documentation.
The candidate must approve or reject loan requests based on credibility and potential revenues and losses.
The candidate will be required to calculate and set loan interest rates.
The candidate will be required to negotiate loan terms with new clients.
The candidate will be responsible for overseeing all lending activities for all consumer loan operations.
The candidate will be responsible for determining and maintaining all internal controls on all loan processes.
The candidate will be responsible for managing all collection areas, designing all appropriate methods and procedures, ensuring the effectiveness of all loan programmes, and training all service personnel.
The candidate will be expected to manage the entire loan cycle process and devise an efficient work plan to meet all business objectives.
The candidate must administer all loan processes, assist in ensuring optimal customer service, and participate in all improvement activities.
The candidate must establish and maintain professional relationships with all borrowers in order to answer all questions, analyse all credit reports for qualification processes, and document all resources.
The candidate will be expected to evaluate all documents in order to ensure the accuracy of all electronic files.
The candidate will be responsible for maintaining quality, analysing all loan information for the loan originator, and ensuring compliance with all deadlines.
The candidate will be responsible for interviewing, hiring, and training loan officers in order to prepare them for loaning processes.
The candidate will be expected to review loan contracts to ensure they are complete and accurate.
The candidate will be responsible for supervising meetings between loan officers and clients.
The candidate must create lists of required documents to be attached to loan applications.
The candidate will be expected to develop loan rate programmes and demonstrate how to loan officers and clients how to calculate them.
The candidate must provide information such as collateral requirements or documentation needed to process loans.
The candidate will be responsible for coordinating the process of presenting complete loan application packages to credit departments.
The candidate will be expected to direct loan officers to follow up with delinquent clients to ensure that payments are made on time.
The candidate will be expected to write and approve letters and notices to clients about loan rate changes.
The candidate will be expected to remind clients about pending payments via email, letters, and phone calls.
The candidate will be expected to keep up to date on loan types and other financial services.
The candidate will be expected to assess customer needs, investigate all options, and introduce various types of loans.
The candidate will be expected to operate in accordance with applicable laws and regulations, as well as to follow lending compliance guidelines.

Job Requirements

The candidate should be fluent in English language.
The candidate should have minimum qualification of College, CEGEP or other non-university certificate or diploma from a program of 1 year to 2 years or equivalent experience
Previous experience is not mandatory.
The candidate should be punctual.
The candidate should be accountable.
The candidate should be reliable.
The candidate should give importance to values and ethics.
The candidate should have excellent time management skills and the ability to prioritize work.
The candidate should have strong organizational skills with the ability to multi-task.
The ideal candidate will be a quick learner who can maintain focus and adapt to a variety of challenges.
The candidate must be able to carry out detailed procedures in a time-sensitive environment.
The candidate should be organized and flexible in nature.
The candidate should have excellent oral and written communication.
The candidate should be a good team player with enough interpersonal and judge-mental skills.
The candidate should be energetic with a positive attitude
The candidate should have strong problem-solving skills.
The candidate should have excellent analytical skills, as well as the ability to create and process financial spreadsheets.
The candidate should have excellent customer service skills
The ideal candidate will have strong negotiating skills as well as the ability to build and maintain positive working relationships.
The candidate should have strong supervisory and leadership skills.
The candidate should be interested in and willing to keep their knowledge up to date.
The candidate should be client focused.
The candidate would be in charge of handling confidential information.
The candidate must be capable of acting on their own initiative.
The candidate should be accurate.
The candidate should have good decision making skills.
The candidate should be confident.
The ideal candidate will have hands-on experience with accounting software.
The candidate should be well-versed in loans and lending procedures.
The candidate should be well-versed in local, state, and federal loan regulations.
The ideal candidate will have exceptional sales abilities.
The candidate should have advanced mathematical skills.
The candidate should be bondable and easily communicate
The candidate should have a thorough Criminal record check.

Business Equipment and Computer Applications

The candidate should be proficient in Microsoft Word, Windows, Excel, Office, PowerPoint, Publisher and Outlook.
The candidate having hands on experience in Spreadsheet is an added advantage

Area of Specialization

The candidate should be knowledgeable about Loans and mortgages and Collections

Transportation/Travel Information

The candidate is able to travel by public transportation.

Work Conditions and Physical Capabilities

The candidate must be able to work well in a fast-paced environment
The candidate should be willing to work under pressure.
The candidate should be required to perform repetitive tasks on frequent basis.
The candidate should have an eye for details.
The candidate should be willing to handle large work load.
The candidate must finished the work with in the given time line.
The candidate should ready to work overtime if needed.

Work Location Information

The candidate will be required to work in Urban area

Benefits

Financial and other benefits would be provided to the selected candidates.
Under Financial benefits, the selected candidates would get Bonus.
In addition to the above mentioned financial benefits the selected candidates would get other benefits in the form of Free parking facilities, Learning or training paid by employer

How to Apply

If you are interested in applying, apply through the given options.

By email

[email protected]

Note

Please include the following while sending the application

Job reference number- PDM-BM