Intern summer Jobs in Old toronto, ON

The Work :

The BES Intern is responsible for onboarding maintaining and updating commercial mortgage files / pipeline report along with being responsible for underwriting conventional commercial mortgages. They will also be responsible to liaison between the Account Manager Underwriting Funding and Compliance departments ensuring compliance with the Companys established lending guidelines and requirements. Additional duties are also required including providing the Manager with administrative and clerical support and supporting the underwriting team in document fulfillment and due diligence tasks from receipt of deal through to the funding stages. The incumbent will ensure compliance with the Companys established lending guidelines and specific deal requirements.

The Core Responsibilities Of The Job :

• (10%).- The incumbent will on board loans by adding loans to SIT and RAISE platforms. Scrub the loan details against SFR watch / deny list and document the Broker verification process. The incumbent will scrutinize the contents of the file with a strong emphasis on anti-money laundering (AML) and anti-terrorist financing (ATF) requirements to assess if CIF merges are required review existing AML scores ensure any STR / SATs are dealt with accordingly and archive all documents received to date to Athena
• (10%) - Will be responsible to communicate with internal contacts (i.e. Account Managers Underwriters Funders Compliance) and third-party providers (i.e. Brokers Partners Clients) to obtain / review required AML documentation and act as a liaison between various groups within the department. Ensuring transactions are processed in a timely and efficient manner to deliver superior customer service while ensuring compliance with the Companys established AML policies and lending guidelines and requirements. Completion of the Fintrac form prior to funding and recommend to Management for approval.
• (10%) - Generate CAFs by updating loan details in SIT as per approved LPD write ups and recommend to management for approval. Update statuses or closing dates as requested process good faith deposit cheques on SIT document loan cancellations on SIT RAISE and Athena prepare loan cancellation memos for fee reimbursement for senior management approval and cut reimbursement cheques from SIT or request wires from Funding.
• (20%) - On regular basis assist the underwriters in preparation of draft commitments instructing the funding dept income analysis and employment verbal verifications the incumbent is responsible for time management of their workflow to meet prescribed deadlines.
• (25%) - Will assist with the timely and efficient collection of documents for transactions by communicating with external contacts (i.e. partners brokers sponsors) to ensure a deal is ready for underwriting and subsequent funding. The incumbent will scrutinize the files to ensure accurate receipt. The incumbent will also assist underwriters in the preparation of supporting documentation required as part of a credit submission like industry segmentation aggregate exposure and AML form.
• (25%) - The incumbent will analyze and underwrite commercial credit facilities together with additional credit related and administrative duties for conventional commercial mortgage product types. Attention must be made to ensure that compliance with the companys established lending guidelines and procedures are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation / conditions if any are being met in a timely manner (25%)

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How To Submit Your Application!

Required Experience :

Intern

Key Skills

Microsoft Office,Public Relations,Google Docs,Data Collection,MailChimp,Microsoft Word,Dermal Fillers,Microsoft Powerpoint,Research Experience,Microsoft Excel,Adobe Photoshop,Writing Skills

Employment Type : Student

Experience : years

Vacancy : 1