Customer Payments Specialist, Bilingual ( Collections )
Toronto
Mortgage Services – Mortgage Services /
Full Time /
Hybrid
Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
The Mortgage Collection Specialist is responsible for the collection of delinquent payments in a portfolio of residential and commercial mortgages and for educating clients on establishing and maintaining a satisfactory repayment history with EQB.
The Collection Specialist is task with the responsibility of minimizing the banks delinquency by attaining a monthly target set by management.
The Work !
- Review and monitor assigned accounts and all applicable collection reports.
- Handle all outbound and inbound collection calls within stipulated timelines in a professional manner and in accordance with debt collection practices and privacy regulations.
- Respond to all electronic correspondence within set timelines.
- Establish and record reason for past due accounts.
- Negotiate payment arrangement to bring accounts current.
- Provide timely follow-up on payment arrangements.
- Refer files for commencement of legal action once all required collection steps have been taken and within timelines as set by management.
- Maintain detailed and accurate notes of all correspondence, payment arrangements, communications and matters of interest on debt collection system.
- Update mortgage system with any information pertaining to client or loan.
- Work closely with other departments to ensure satisfactory collection and payment results such as payment date/payment frequency changes and deferral request.
- Coordinate with the Residential and commercial Renewals teams to achieve resolution on loans past maturity; follow ups/exceptions due to refinances will take place.
- Understand and follow policies, guidelines and procedures.
- On a monthly basis, the incumbent will be responsible for the preparation of specific reports on assigned categories
Shifts:
- The main shift is 11:30 AM to 20:00 PM Eastern Time
The Work !
- Completed a diploma program in a related discipline and have a minimum of 2 years of collections experience
- Minimum 2 years’ experience in a financial service industry
- Strong communication, problem solving and analytical skills required
- Strong negotiation skills are required
- Ability to show empathy yet remain strong and thick skinned; must be sensitive and handle difficult situations as this is the norm
- Ability to work independently and to adapt to a fast changing environment
- Knowledge of PPlus and XRS systems are very much an asset
- Proficiency in MS Outlook, MS Word, Excel
- Strong attention to detail with an eye for accuracy
- Ability to balance multiple priorities simultaneously
- Creative, self-disciplined and capable of identifying and completing critical tasks independently and with a sense of urgency
- Must work well in a team environment
- Strong organizational Skills
- Experience with HELOC (Home Equity Line of Credit) is preferred but not required
What we offer [For full-time permanent roles]
💰 Competitive discretionary bonus
✨ Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy and personal days
🖥 Virtual events to connect with your fellow colleagues
🎓 Annual professional development allowance and a comprehensive Career Development program
💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!
