Job Details

Deal Specialist
Toronto, ON
Hybrid Role
$30 – $32 per hour

ABOUT THE ROLE

Our client is seeking a highly skilled Deal Specialist in Toronto, ON, to manage and structure commercial lending transactions from inception through closing and ongoing compliance. This role is responsible for reviewing legal documentation to ensure alignment with credit approvals, structuring deal terms in LoanIQ, and overseeing all aspects of collateral management—including real estate, UCC, and possessory assets. The Deal Specialist ensures regulatory requirements such as flood insurance and AML/KYC are met, coordinates closing processes, and maintains accurate loan system records. You will also provide funds flow and closing packages to loan servicing, track borrower compliance, and serve as a subject matter expert in loan closing and product structuring. Additional responsibilities include mentoring junior staff, participating in audits, maintaining operational systems, and contributing to process improvements. This is a hybrid role with a competitive hourly rate, ideal for candidates with a strong background in commercial lending operations and a passion for accuracy, compliance, and customer service.

WHAT YOU'LL DO

• Review legal documentation to ensure deal terms align with credit approval.
• Structure and input deal terms into LoanIQ loan system.
• Obtain and verify closing borrowing base and board to loan system.
• Run flood determinations for real property collateral and enforce regulatory requirements in preparation for deal closing.
• Review and process internal funds flow documentation to account for funds at closing.
• Verify completion of AML and KYC requirements prior to closing.
• Obtain conditions precedent and funding approval from Portfolio Manager.
• Provide funds flow and closing package to Loan Servicing, advising on any special handling requirements.
• Track receipt of closing documentation and ongoing borrower compliance (financials, borrowing base, etc.).
• Proactively follow up with Portfolio Managers and analysts to resolve document exceptions and borrower compliance issues.
• Review Borrower Compliance Certificates for pricing impact and update LoanIQ accordingly; advise Loan Servicing of pricing changes.
• Prepare and update LC Checklist; communicate changes to the Letter of Credit department throughout the life of the deal.
• Review closing binder and loan documentation for completeness, tracking and obtaining any missing documents.
• Manage deal collateral, including:
  • Tracking receipt and updating borrowing base figures in LoanIQ.
  • Tracking expiry of UCCs, obtaining approval to continue or terminate, and processing accordingly using CT Lien.
  • Ensuring real estate collateral is properly boarded to LoanIQ and all flood due diligence is complete prior to closing; understanding impact on fed call code.
  • Boarding all possessory collateral to LoanIQ for retention in vault.
• Receive notice of approval for non-lending products and advise product booking locations of approval.
• Review and approve LoanIQ and APMS transactions for junior staff and peers.
• Maintain APMS system, including processing approved annual reviews, risk rating changes, rating alerts, entity static credit information, and credit connections.
• Monitor and action exception reports in both LoanIQ and APMS on an ongoing basis.
• Serve as subject matter expert in the loan closing process and LoanIQ product structuring.
• Participate in audits and provide input on process and procedure documentation; contribute to documentation and revision of policies and procedures (P&Ps).
• Provide training and mentoring to junior staff.
• Ensure timely processing of transactions to minimize risk, reduce re-work, and meet or exceed customer expectations.

WHAT YOU BRING

• Bachelor’s degree or equivalent experience.
• 5-7 years’ experience in commercial lending operations, with closing experience preferred.
• Experience with LoanIQ desired but not required.
• Operations experience with Dealer Floor Planning, Asset Based Lending, or Equipment Finance is a plus.
• Strong knowledge of Microsoft Excel, Word, Adobe, and Outlook.
• Solid knowledge of flood regulation and compliance requirements.
• Strong analytical and problem-solving skills.
• Excellent investigation and prioritization abilities.
• Exceptional customer service and relationship management skills.
• Proven coaching, mentoring, and training skills.
• Strong conflict management and resolution skills.
• Outstanding written and oral communication skills.
• Ability to multi-task and thrive in a fast-paced environment.