Loan Administrator

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $5.5 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are looking for a Loan join the Finance & Accounting team. This is a full‑time in‐office role located in London, Ontario.

As a Loan Administrator, you will support the administration of loan and funding operations within the Asset Management System (AMS). Your responsibilities will include ensuring the accurate processing of funding transactions, deposit reconciliations, and financial postings. While working closely with the Senior Loan Administrator, you will assist in daily operational activities. This role will also support Accounts Payable, and collaborate with team members to ensure the continuity of financial processes.

Primary Responsibilities

Loan Administration & Funding Operations

• Process AMS funding disbursements, repayments, and related transactions.
• Prepare and process non‑AMS Treasury transfers, wires, and daily postings in Sage 300.
• Review and reconcile credit limits, authorizations, and disbursement details.
• Maintain and update AMS data, facility activations, draw requests, and fee applications.
• Assist with start‑of‑month and month‑end activities, ensuring accurate accounting entries and reconciliations.
• Update monthly PAC transmissions and maintain loan and facility schedules.
• Track third‑party letter of credit (L / C) fees and ensure proper recording in AMS.
• Prepare and send monthly invoices for AMS facilities and L / Cs.

Reconciliations & Financial Reporting3n

Process Improvement & Compliance

What we look for

What we offer

Application Procedure

If working for a ‘non‑traditional’ bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted.

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support(s). If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.

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