Loan Operations Coordinator


Desired Start Date: As soon as possible

Job Location: Toronto - Bathurst and Richmond


We are Canada’s first and only regulated peer-to-peer lending platform. Our product allows small businesses to access growth financing in a fast, fair, and affordable online process. Our platform helps business owners who have typically been under-served by traditional lenders, allowing them to grow their businesses while simultaneously giving Canadians a chance to invest in their success.

Our team is passionate about building relationships with small businesses as a long-term capital provider. At Lending Loop we value diverse perspectives—you can’t revolutionize lending without thinking differently. Our team works in a friendly, fast-paced and high-performing environment. With this position, you will create tremendous value not only for our team at Lending Loop, but for the Canadian economy as a whole.

If you are looking to play a key role in helping to build foundational elements of a rapidly growing start-up, then this is the right position for you.


Expectations

As Operations Coordinator at Lending Loop, you will be responsible for executing mission-critical tasks related to loan operations,treasury and collections. The role requires an individual with excellent attention to detail who is a natural problem solver. You will also play an important role in creating and implementing standards and processes relating to loan operations and servicing at Lending Loop.


Key Responsibilities

  • Completing KYC on client onboarding.

  • Identifying fraudulent documents.

  • Maintaining existing controls strategies and existing policies.

  • Diligently checking required documents have been received and completed correctly.

  • Recording, scanning and managing borrower documents.

  • Improving processes and control procedures.

  • Using online tools and portals to verify information electronically.

  • Execute and oversee funds transfers and the transfer of funds for loan origination.

  • Work with members of the Account Management and Credit teams to ensure proper record management processes are followed and maintained.

  • Register liens/security interests while maintaining perfect accuracy.

  • Communicate with borrowers by phone and email to follow up on and collect outstanding payments.

  • Compose formal correspondence with borrowers, including document requests, demand letters and more.

  • Work with outside legal counsel and collection agencies to collect from delinquent borrowers.


Desired Qualities, Skills, and Experience

  • Excellent attention to detail and organisational skills.

  • Ability to follow procedures and guidelines to successfully follow requirements.

  • Post-secondary diploma or degree preferred.

  • 2+ years experience in loan operations, collections, or account management.

  • Excellent written and oral communication skills.

  • Desire to work in a very fast-paced environment with frequently changing requirements.

  • Excellent attention-to-detail, organizational and time management skills are a must.

  • Proficiency using Microsoft Word and Excel, and Salesforce CRM or similar tools.


What We Offer

  • Competitive salary.

  • Health benefits.

  • Employee equity.

  • 3 weeks vacation.

  • Hard working, friendly culture.

  • Career in a fast paced dynamic environment.

Sure there are perks to working at Lending Loop, such as competitive salaries and health benefits. The real reason people are proud to work at Lending Loop is because each person knows their opinion is respected, and they can see the difference they make helping support thousands of small businesses across Canada. If you want to accelerate your career and help build a premier fintech company from the ground up, this is the place for you.

To apply for this position, please email careers@lendingloop.ca with a brief paragraph about yourself, why you would be the ideal candidate for Lending Loop, your resume and a link to your Linkedin profile.


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