Manager, National Asset and Recovery

Who we are!

Meridian OneCap Credit Corp is an equipment and finance company providing a broad range of financial services to businesses throughout Canada. Our parent, Meridian Credit Union, has over 70 years of banking history and is Ontario’s largest credit union.

Meridian OneCap is a provider of asset financing in the form of capital leases. We are committed to being the best provider of specialized equipment financing services to strategic vendors across Canada. Our service-oriented culture and exceptional group of professionals serves to provide our strategic partners with value-added service and constructive solutions.

Meridian OneCap Credit Corp provides customized leasing solutions both to help companies sell equipment and to companies that have chosen to lease equipment, rather than buy. For manufacturers and vendors, we enable you to provide your customers with a value-added service that helps your customers acquire equipment efficiently and gives your company a competitive edge. And for the end user, we can help you to preserve working capital in your business, while benefiting now from the use of the equipment.

Our team is known as industry leaders. We’ve earned our reputation through consistent delivery of financing programs with the most efficient transaction process and superior customer service. With the largest direct sales force within the Canadian market, it’s no wonder our customer service is unparalleled.

About Meridian OneCap

About this role:

The incumbent is responsible for maximizing recoveries and minimizing losses related to the recovery and remarketing of repossessed assets.

1. Loss Recovery: Responsible for generating recovery dollars on written off accounts working with Bailiffs, Remarketers, Lawyers and Trustees
2. Inventory Management: Maximize recoveries from sale of inventoried assets that originate from repossessions and end of lease returns. Manage relationships with third-party vendors, remarketing partners, and auction houses to ensure maximum recovery values.

Originations

• Establish fair market value residual matrices for specific asset classes and vendor Within this, define the renewal strategy and set residual realization targets met for the unguaranteed programs.
• Support Sales and Credit by providing one-off asset valuations to facilitate credit underwriting

End of Lease

• Work with customers on the return of assets at the end of the lease as Issue return authorizations with the view to minimizing losses on off-lease assets and maximizing our returns.
• Collaborate with Customer Service, Collections and Accounting on the disposition of end of lease contracts and the generation of end of lease income.

Account Management:

• Work with Collections and Sales to determine appropriate remarketing channels for assets coming into.
• Work with law firms, Bankruptcy trustees to assist recover $.
• Ensure the timely sales of repossessed and off-lease.
• Maximize income and minimize expense associated with the sale of repossessed and off-lease.
• Verify and validate inventory values attached to repossessed assets on written off.
• Provide asset valuations on repossessed assets to aid Collections in establishing appropriate specific reserves on high balance assets (>$50k Net Investment).
• Provide expert judgment and advice to the Collections team to aid in recovery strategies for non-performing.
• Review and approve condition reports for assets to ensure readiness for liquidation.
• Collaborate with the marketing team to create targeted campaigns to promote remarketed assets through various channels.
• Responsible for KPI like recovery rate, inventory aging, recovery dollars collected.
• Solid grasp of the loss mitigation, remarketing and legal process from start to finish is a plus.

Vendor Channel Oversight

• Identify remarketing, law firm and bailiff partners; negotiate terms of engagement (commission, costs, SLAs).
• Maintain Service provider list and add/remove partners as
• Ensure partners meet compliance, regulatory and insurance criteria as mandated by the Credit Union.

Knowledge, Skills, and Experience:

• Minimum ten (8-10) years’ experience in Asset Management, Collections, Loss Recovery and Finance and Banking Industry Experience.
• Strong grasp of leasing industry
• Full understanding of legal and regulatory rules governing account collection, asset disposal/remarketing and deficiency collections.
• Full understanding of security documentation and legal rights
• Highly developed problem solving and negotiating
• Completion of a post-secondary education program in finance would be an
• Experience with Microsoft operating systems including Word, Excel, Outlook and the Internet.
• Bilingual Skills (Fluency in both English and French) considered an asset.

This role represents an existing vacancy. Internal candidates are being considered as part of our standard process.

Salary Range: CAD $68,800.00 to $103,200.00

Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.

Office Location: Toronto Corporate Office. This is a hybrid opportunity

Meridian OneCap has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.

What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• You'll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world
• Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
  
  

Build the Future of Banking with Us

At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:

• Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
• Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
• Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
• Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.

Our Commitment to Belonging

At Meridian, belonging starts with people. We are committed to creating an inclusive and accessible workplace where everyone feels valued, respected, supported, and empowered to bring their authentic selves to work. We believe that diverse backgrounds, identities, abilities, sexual orientation, experiences, and perspectives make us stronger and help us better serve our Members, communities, and one another.

We are committed to an accessible recruitment experience and will provide accommodation information to candidates selected for an interview.

To learn more about DEIBR at Meridian, visit meridiancu.ca.

Thank you for your interest in Meridian Credit Union. We look forward to learning more about you and the unique experiences and perspectives you could bring to our team.

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Meridian only posts jobs on our official Careers Site, LinkedIn, and Indeed. If you find a Meridian job posting on any other site, please verify it by ensuring it directs back to our official career page. Meridian never asks candidates to apply through third‑party links that do not redirect to our Careers portal (UltiPro). For more tips on how to protect yourself from job scams visit Protect yourself from job scams | Meridian.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.