10 Sep
|
Equitable Bank
|
Toronto
10 Sep
Equitable Bank
Toronto
Core Responsibilities The main activities of this position will be focused on the administration, accounting, reporting, and financial analysis of the Banks securitization activities.
Accounting for the issue and settlement of new NHA MBS pools.
Prepare monthly investor reporting such as CMHC 2840s and payments to the Central Payor and Transfer Agent (CPTA).
Develop an understanding of and adhere to the Banks policies and procedures as it relates to compliance with CMHCs NHA MBS and CMB Guidelines.
Develop an understanding of securitization profit calculations and accounting.
Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards.
Key contributor to the financial statement close process through the preparation of monthly accounting schedules.
Assist in the preparation of month-over-month variance analysis in financial results and program profitability.
Respond to accounting inquiries, providing ad hoc analysis for use in management decisions.
Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications.
Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders.
Interact with other departments and external stakeholders.
Identify opportunities for process improvement and assist in the implementation of recommended changes.
Internal interactions may include but are not limited to: Accounting group Capital Markets Treasury Prime Single Family and Commercial Lending Compliance and Internal Audit IT, BA and Project Management Financial Reporting Financial Operations External interactions may include but are not limited to: Strategic partners and service providers CMHC Computershare External auditors CDS Let''s Talk About You! Formal Education University/College undergraduate degree in Business Administration/Commerce; Accounting focus preferred.
Pursuing professional designation in Accounting (CPA).
Related Experience A minimum of 3 -5 years of experience in accounting or financial reporting at a financial institution.
Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset.
Strong technical aptitude, with an understanding of cash flow modeling.
The ability to work independently and engage across the organization.
Experience with the execution of complex financial reporting requirements, preferably securitization related.
Experience in the mortgage industry and securitization preferred.
Experience with data management and reporting systems.
Experience in process development and controls management.
Specific Attributes Possesses strong analytical abilities and very detailed oriented Outstanding interpersonal skills with ability to build solid relationships with other members of Finance department, business unit representatives, and internal and external stakeholders Excellent verbal and written communication skills, with the ability to communicate clearly and concisely Strong organizational skills with the ability to prioritize multiple tasks, competing priorities and meet tight deadlines within a fast-paced environment Independent thinker and self-starter who will be able to work independently and exercise good professional judgment Ability to identify and drive process improvements, maintaining a strict control environment Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems) What we offer [For full time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical,
dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy and personal days Virtual events to connect with your fellow colleagues Professional development and comprehensive Career Development program A fulfilling opportunity to join one of the top Fin
Techs 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 Banks 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.
Were equally committed to supporting your growth, both professionally and personally.
We provide a barrierfree 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.
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📌 Senior Securitization Analyst (Toronto)
🏢 Equitable Bank
📍 Toronto