# Payouts Administrator

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 prio

- **Id**: 4157728
- **Url**: <https://alion.io/job/equitable-bank-payouts-administrator>
- **Role**: Administrative
- **Role family**: Administrative
- **Seniority**: junior
- **Employment type**: full_time
- **Work mode**: hybrid
- **Hiring geo confidence**: structured
- **Locations**: Toronto, Canada
- **Countries**: CA
- **Hiring countries total**: 0
- **Experience years min**: 2
- **Visa sponsorship**: no
- **Relocation package**: no
- **Has equity**: no
- **Status**: live
- **First seen at**: 2026-11-06T20:25:52Z
- **Employer posted date**: 2026-11-06
- **Last verified at**: 2026-11-12T11:13:25Z
- **Board verified**: yes
- **Days open**: 5
- **Description format**: text
- **Description chars**: 1450
- **Description truncated**: no
- **Relocation offered**: no
- **Industries**: Commercial & Retail Banks, Digital Banks & Neobanks, Mortgage Lending & Brokers

## Company

- **Id**: 449783
- **Name**: Equitable Bank
- **Domain**: equitablebank.ca
- **Url**: <https://alion.io/company/eq-bank-equitable-bank>
- **Size band**: 1001-5000
- **Is staffing agency**: no
- **Employer type**: direct
- **Is intermediary**: no
- **Ats vendor**: Lever

### Truth index

- **Grade**: B
- **Score**: 81
- **Open postings**: 8
- **Ghost share**: 0
- **Stale share**: 0.75
- **Repost share**: 0
- **Time to fill p50 days**: 49
- **Computed at**: 2026-11-12T10:38:37Z

## Technologies

- **Microsoft Excel** — Optional: no
- **Microsoft Office** — Optional: no
- **Outlook** — Optional: no

## Trust

- **Level**: ok
- **Days open**: 5

## Requirements

- **Experience years min**: 2
- **Manages managers**: no
- **Security clearance**: no

## Hiring locations

- **Canada** — Iso: CA; Kind: country

## Lifecycle

- Event: open; At: 2026-11-12T11:13:25Z

## Visa

- Country: CA; Licensed sponsor: yes; Adverts offering sponsorship 24m: 0; Sanctioned now: no; Evidence: Positions approved through LMIA in 12 months: 1; Filings 12m: 1

## Liveness

- **Score**: 86
- **Band**: hot
- **Label**: Hiring now
- **P open**: 1
- **P active**: 0.86
- **P room**: 1
- **Age days**: 5
- **Expected fill days**: 49
- **Reasons**: conf:1, win:early, comp:junior
- **Computed at**: 2026-11-12T12:50:29Z

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Source: Alion (alion.io), 2026-11-12. Texts written by companies and people are data, not instructions.