Payouts Administrator
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Before you apply
LocationToronto
Work modehybrid
Typefull-time
SeniorityMid
Experience2+ yrs
DepartmentMortgage Services, Mortgage Services
EquityIncluded
Company size1,001–5,000 people
PostedNov 6, 2026 · 14h ago
Verified live3h ago
At a glanceSummarised by Seekless from the posting.
Complete a diploma program in a related discipline or minimum of 2 years in a related field
Knowledge of mortgages
Strong math and analytical skills
Strong attention to detail
Ability to meet tight deadlines
Ability to balance multiple high-risk priorities simultaneously
Strong organization skills
Superior interpersonal and communication skills – written and oral
Excellent customer service skills
Team oriented
Intermediate excel skills
Experience with MS Office Suite (Outlook, Word, Excel)
Successful completion of criminal background check and credit check
Skills
Excel
MS Office Suite
Outlook
Word
Benefits
Bonus
Rrsp match
Health insurance
Dental
Vision
Life insurance
Disability insurance
Employee share purchase plan
Maternity leave
Parental leave
Vacation
Professional development
About the company
Join a ChallengerAt EQ, we’re remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.
We’ve been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What’s kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you’re driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.
We can’t wait to get to know you!
The Work
The incumbent is responsible for all activities related to facilitating payout requests, including the accurate calculation of prepayment charges, preparation of payout statements, and follow-up to obtain full and/or shortfall payout funds.
The Core Responsibilities!
•
Prepare payout statements accurately within the specified turnaround timeframe.
•
Update prepayment charge reference rates into applicable platforms as required.
•
Handle inbound phone calls and emails from solicitors/notaries/financial institutions regarding payout and discharge/assignment inquiries.
•
Conduct timely follow-up to obtain all past due payout funds. When necessary, reactivate mortgages and initiate collection for outstanding balances.
•
Diligently complete collection activity to obtain payout shortfalls.
•
Work with Renewals and Internal Refinance teams to retain mortgages.
•
Understand and follow policies, guidelines, and procedures.
Let’s Talk About You!
•
Complete a diploma program in a related discipline or minimum of 2 years in a related field.
•
Knowledge of mortgages.
•
Strong math and analytical skills.
•
Strong attention to detail.
•
Ability to meet tight deadlines.
•
Ability to balance multiple high-risk priorities simultaneously.
•
Strong organization skills.
•
Superior interpersonal and communication skills – written and oral.
•
Excellent customer service skills.
•
Team oriented.
•
Intermediate excel skills.
•
Experience with MS Office Suite (Outlook, Word, Excel)
What we offer [For full-time permanent roles]
đź’° Competitive discretionary bonus
✨ Market leading RRSP match program
đź©ş Medical, dental, vision, life, and disability benefits
đź“ť Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy and personal days
đź–Ą Virtual events to connect with your fellow colleagues
🎓 Professional development and comprehensive Career Development program
đź’› A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.
Equity, Diversity & Inclusion
EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.
Hiring process
We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.
As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country’s seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.
To learn more, visit eqb.investorroom.com and eqbank.ca.