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Associate Director, Loan Administration

Company:
KV Capital
Location:
Edmonton, AB, Canada
Posted:
April 11, 2024
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Description:

ABOUT KV CAPITAL

In 2006, we started the journey to simplify the complex world of finance. KV Capital Inc. was founded on the premise that simpler means better. Since then, our team and our service offerings have grown, and we continue to remain focused on making transactions easy for our clients. Today, we deliver both expert solutions and peace-of-mind for our clients and stakeholders through our business areas which include private mortgage lending, commercial mortgage brokering, private equity for real estate projects, and private equity for businesses. We have grown by prioritizing the achievement of long-term outcomes and building teams of high-performing professional team members who excel in their collaborative and dynamic operations.

Private Mortgages

KV Capital’s Private Mortgages business unit currently manages approximately $400 million in assets, comprising private loans secured by commercial real estate throughout Canada. Since its inception in 2009, the Private Mortgages business unit has underwritten, funded and serviced over 450 commercial real estate loans, amounting to over $1.3 billion in funds advanced, to entrepreneurs, developers, and institutions. Our dedicated team, with several decades of combined experience, specializes in financing various real estate classes, primarily focusing on providing financing for land and land servicing, construction, and acquisition and stabilization financing for multi-family, retail, industrial, office, hospitality, and mixed-use properties.

POSITION Associate Director, Loan Administration

Private Mortgages Division

(job title commensurate with seniority of the successful applicant)

LOCATION Edmonton, Alberta

YOUR OPPORTUNITY

As a key member of the Loan Administration team, the Associate Director is responsible for various functions and duties related to servicing and administering KV Capital’s commercial mortgage loan portfolio. The ideal candidate will be self-motivated, collaborative, detail-oriented, and dedicated to delivering outstanding service to both internal and external stakeholders. This role offers an opportunity for professional development in a dynamic work environment.

YOUR KEY RESPONSIBILITIES

Conduct loan servicing and administration activities, including (but not limited to):

Review and entry of loan transactions in servicing software in accordance with the parameters outlined in loan documents

Supervision of the maintenance of accurate loan record information (principal balances, charges, property information, security values, loan to value, trust accounts, etc.) and investor portfolio balances

Coordination and facilitation of post-closing activities, including renewals, amendments, discharges, and account administration

Oversee the processing of mortgage payment collections and remitting of payments to investors

General mortgage loan portfolio monitoring and reporting, inclusive of assisting in the resolution of basic borrower default events (e.g. bounced payments)

Review of loan agreements, loan security, and various other source documentation to ensure appropriate tracking in the systems

Supervise the collection, entry, and reconciliation of financial and property data for loan reviews, aiding in the administration of construction advances, conducting mortgage underwriting and annual operating statement analysis, and collaborating with borrower clients to secure requisite documentation and elucidations for operating statement discrepancies

Ensure compliance with policies, legal, ethical, privacy and regulatory requirements

Provide exceptional client service for institutional lenders/direct investors, including periodic reporting requirements and preparation of and adherence to Service Level Agreements with the utmost accuracy

Assist in the preparation of various internal and external reports

Plan, monitor, and analyze key operational metrics

Participate in or lead projects in support of best practice with respect to process improvements, efficiencies, internal controls and reporting needs

YOUR CAPABILITIES AND CREDENTIALS

A degree in finance, accounting, or a related field; CPA, CFA, or equivalent designation preferred

Minimum of 5 years of experience in mortgage funding, loan servicing, or financial operations, with a track record of progressively increasing responsibility preferred

Exceptional problem-solving skills and a keen attention to detail, with a demonstrated ability to navigate complex financial transactions and resolve discrepancies effectively

Proven leadership abilities, including the capacity to mentor and develop junior team members, foster collaboration, and drive results in a dynamic environment

Advanced skills in the use of Microsoft Office Suite, with demonstrated expertise in Excel

Advanced technical computing skills, with a demonstrated ability to learn new systems and applications

Excellent communication skills, both written and verbal

Strategic mindset and the ability to think critically about process improvements, operational efficiency and risk mitigation strategies

A proactive and adaptable approach to work, with the ability to thrive in a fast-paced, deadline-driven environment

You will be part of an enthusiastic and highly effective team with no end of challenging and transformational work in sight. The company is growing, and the mindset is expansionary.

We offer competitive total compensation, an engaging and collaborative environment, recognition for performance and opportunities for growth and advancement.

For more information on our company, please visit our website at

To apply, please forward your resume and cover letter in confidence to Please indicate “Associate Director, Loan Administration” in the subject line.

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