Accounts Payable Insurance

Bimla Raigangar

Email: *******@*******.***

Tel-C 925-***-****

Banking Professional committed to delivering accurate/high quality results with strong analytical and problem solving skills. Always on the look out for process improvement.

PROFESSIONAL EXPERIENCE

Tangerine Bank 2015-2017

Commercial Mortgages Administrator

Prepared 70 Annual Mortgage time-sensitive statements at the beginning of the year. Maintained follow up system for these mortgages to ensure timely submission of financial statements, insurance renewals and property tax payments. Executed at the end of the month Arrears report ran for Finance-reporting unit for delinquent loans.

Requested insurance policies from 70 clients for properties to ensure adequate coverage.

Prepared discharge payout in accordance with Bank’s policy and procedures, posted payout check

for the mortgage and executed the discharge documents in a timely manner, ensuring they adhere to

legal guidelines.

Tangerine Bank 2015-2017 RRSP Loans (401K), Line of Credit, Home Equity line of Credit

Set up $14 Million in Spousal RSP loans on the system after reviewing documents received, indexed and imaged into clients file to ensure all necessary forms have been completed and complied with underwriting.

Tracked loans to send Cost of Borrowing/disclosure to client in accordance with compliance regulations. Proactively monitored the file and process flow to ensure the timely completion of the file. Referred issues as they arose to leader supervisor or underwriter.

Prepared payoff and loan account statements as per request from solicitors and Clients to meet SLA of 24 hours.

Serviced delinquent Loan accounts as per instructions from various channels i.e. call centre, Account Recovery team, establish standing order instructions, post checks received from solictors and clients.

Tangerine Bank 2012- 2015

Property Tax Analyst

Executed the payment of escrow-property taxes for the mortgages/loan accounts.

Liaised with municipalities and financial institutions in order to resolve complex client issues such as properties listed for Tax Sale, helped Collection department with properties listed for foreclosure.

Generated a report of loans on property taxes highlighting reduction in tax portfolio month by month.

Analyzed and maintained a tax component on the properties and remitted tax installments.

Compiled year end tax assessment and issued letters to clients.

Tangerine Bank 2010-2012

Lending Processing Analyst

Processed Prepayments, P&I increases, Skip Payments, Update banking Info on Mortgage Accounts to meet SLA’s.

Processed Checks received for Mortgage payout by posting on Mortgage account and closing the Mortgage. Overpayment refunded to lawyers/clients as per the letter. Shortfalls letter sent to lawyer.

Delivered Mortgage Discharge documents, execution of the discharge & preparation of final documents.

Assisted Estates department in managing portfolio of Estates and Power of Attorney clients that

have submitted Legal documentation to have their Estates settled/Power of Attorney designated.

ING Bank 2002- 2010

Investment Accounting and Accounts Payable Administrator

Prepared cheque or wire requisitions for remittances of principal & interest to investors.

Priced mortgages available for sale and arranging the sale of mortgages to each investor by pricing mortgages and preparing settlement sales schedules on a ongoing basis.

Prepared schedules of mortgages renewed and associated renewal fees to be submitted to investors for payment.

Handled, processed and completed all financial account transactions within established timeframes and with high accuracy

Processed buyback of mortgages from the investor clients to Inventory.

Prepared a production schedule to account for principal of mortgages sold and the commission breakdown by mortgage.

Calculated daily cash position report and provided to management as needed.

Prepared Journal entries and wires and entered invoices into the system.

Generated monthly trial balance reports for investors.

Processed discharges, Prepayments, P&I increase, Frequency change on Mortgages on Profile application.

Assisted in the testing of business test cases in respect to securitized mortgages, commercial mortgage advances.

Accomplishments

Trained new staff in the department in all aspects of Accounts Payable desk operations.

Developed, prepared and documented process guides/Manuals for the Jobs handled for easy handover and better understanding.

Education

Diploma in Business Administration-Accounting from Humber college.

Bachelors degree in Commerce majoring in Accounts.

Technical skills

MS Excel, MS Word, MS Powerpoint, Access, Profile, WEBCSR, Basic Banking System AS400, Quickbooks.

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