Retail Funding Officer

Why DUCA? 

We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to serve.  

We exist to help People, Businesses and Communities Do More, Be More, and Achieve More™. 

DUCA (www.duca.com) is distinguished for the following: 

• Positive, un-big bank like service experience delivered through Member-facing staff in branch, on the phone (Member-Connect) and via our Mobile mortgage specialists, Wealth Management advisors and Commercial and Business Banking Account Managers. 
• Competitive rates.
• Personalized financial solutions, guidance, and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bank—online, mobile app, phone/full-service Member Connect Contact Centre, and, of course, in-branch—DUCA is accessible 24/7 
• A community philosophy of “profits with a purpose” culminating in the creation of the DUCA Impact Lab (www.ducaimpactlab.com), a charitable foundation committed to helping the credit challenged and underbanked.  This led to DUCA's designation as a B-Corp certified organization, the first ever credit union to receive this global recognition.

A career with DUCA means you’ll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more, Be more and Achieve more with their money and their lives.  At DUCA, you’ll be part of a vibrant and collaborative team where you’ll be supported to excel and make an impact, no matter what role you play. 

Retail Funding Officer

DUCA is looking for a Retail Funding Officer to join our growing team! 

Job Purpose & Summary

The Retail Funding Officer supports the Credit Department and retail network in the review and funding of mortgage files. This position is also responsible for assisting with other credit administration functions when required. This position requires a high degree of accuracy, the ability to work well with all DUCA team members and various external stakeholders.  The Retail Funding Officer is essential to facilitating a great Member experience while ensuring DUCA’s guidelines and Credit Union policies are adhered to.

Key Accountabilities & Duties

• Liaise with solicitors, branches and various other internal and external stakeholders in order to receive, review and fund residential mortgages and loans submitted through DUCA’s retail channels
• Ensure that all funding and AML criteria have been satisfied and confirm that any outstanding conditions are met as prescribed in the commitment and within deadlines
• Conduct sub searches, Writ searches and prepare various mortgage documentation through Teranet program
• Prepare Instructions to Solicitors and any additional required documentation for pending deals
• Set up wiring instructions for required closings
• Complete banking system up-dates, and regular review of loan details in the banking system for various types of loans
• Other administrative duties, such as: preparing correspondence pertaining to deal closings, filing and other required tasks to help support the administration team.

 Occupational Experience & Education Requirements

• Minimum of 3 years experience in a retail lending or funding role or credit administration
• Post-secondary education in Business Administration/Finance considered an asset
• Working knowledge of legal documents, legal procedures, preparation of mortgage and loan renewals, bookings and various other administrative duties
• Product understanding of retail loans including mortgages, lines of credit, along with legal and Anti-Money Laundering documentation

 Knowledge, Skills & Attributes

• Proficient with MS Office suite
• Ability to prioritize and make quick decisions
• Excellent time management capability
• Strong writing, organizational and problem-solving skills
• Ability to work independently and perform under pressure with tight time constraints
• Ability to work in a team environment

 Working Conditions

• Normal office environment

Department: Retail Administration 

Primary Location:  Corporate Office

Employment Status: Full-time

Hours per Week: 38

Salary: The annual salary range for this position is $51,904 to $64,880. Actual annual base salaries will vary depending on relevant job-related factors such as experience, knowledge, skills, qualifications, and education/training. This position may be eligible for discretionary bonuses.

Number of Existing Vacancies: 1

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Our hiring process includes AI screening for keywords and minimum qualifications. Talent Acquisition Partners review all results.

Qualified applicants are encouraged to submit their application. Applications must include a resume.

We thank all applicants but only those considered for an interview will be contacted.