Founded in 1846, Laurentian Bank Financial Group (LBCFG) is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the "Group" or the "Bank"). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.This role sits within LBC Capital, a subsidiary of Laurentian Bank Financial Group.As part of the Asset Management Group within LBC Capital, this role has the following priorities; ºContribute in various facets of the collection and asset management process, with a focus on improving LBC Capital's collection efficiency and recovery rate.ºAnalyse portfolio data and deliver reporting required for portfolio monitoring, management decision making, and risk assessments.ºPlays a key role in in restructuring distressed transactions including the remarketing of repossessed equipment.ºCommunicates directly with the Vendor/Remarketers/Syndication partners working with the internal teams (Sales, Credit, Legal and Operations) to gain a thorough understanding of the transaction.ºProvides superior customer service to all parties, internal and external. Ensures compliance to company policies and procedures. ºParticipates actively on key initiatives within the group.
ºPerform analysis of customers situation (financial statements, credit bureau, collateral gap) to make informed decision with problem accounts. ºPerform work based on specific practices, policies and objectives and ensure compliance with current legislation and LBC Capitals' policies, programs and procedures.ºFormulate recommendations to improve work processes.ºContribute to the development of dashboard and reporting tools to drive proactive discussions with sales and credit managers regarding portfolio performance.ºPrioritizes and manages multiple tasks while working with tight deadlines.ºEnters information into various systems, ensuring accuracy and attention to detail.ºActs as a contact for external partners that are key to the collection and asset management process (Remarketers / Lawyers / Syndication Partners).ºEvaluate the effectiveness of our processed, communications and make recommendations to ensure the continual improvement of the team.
º2-3 years' experience preferably within the commercial financial industryºGood team playerºUniversity degreeºAbility to think outside of the box and creatively manage stressful day-to-day tasks and deadlines
We are proud to be an equal opportunity employer and are committed to fostering an inclusive and accessible work environment that reflects the diversity of our customers and our communities. We welcome and encourage applications from individuals from all groups, including Indigenous people, women, visible minorities, and persons with disabilities, regardless of race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital status, family status, genetic characteristics, disability or any other legally-protected ground. Accommodations for persons with disabilities are available upon request for job applicants taking part in all aspects of the recruitment process.