Why FirstOntario?

- Competitive compensation packages
- Top-tier health and wellness benefits, including comprehensive benefits packages and a Health Spending Account
- Enhanced mental health advantages through SunLife and TELUS Health
- Exclusive banking benefits
- Up to $1,000 per year towards professional development
- Pension Plan
- Flex-work environment
- Company-wide Employee Volunteer program (Blue Wave Program)
- Employee and Family Assistance Program

Job Overview

The Senior Financial Analyst is responsible for carrying out regulatory and financial reporting and accounting activities, with a particular focus on complex accounting responsibilities.

Role

In the role, you will...

- Handle complex accounting areas such as expected credit loss ("ECL") modeling, securitization, and other areas as required. This includes the preparation of accounting entries, reconciliations, data analysis, and reporting deliverables.
- Prepare and deliver financial and regulatory reports (monthly, quarterly, annual), and support deliverables as assigned for both internal and external stakeholders.
- Run and maintain the IFRS 9 ECL model, support calibration of model parameters using historical data and forward‑looking information, analyze changes in ECL results over time and explain key drivers (e.G., portfolio changes, macroeconomic shifts). Collaborate with Risk and Credit teams to review and update assumptions. Identify opportunities to enhance model performance, automation, and reporting efficiency. Stay current with evolving IFRS 9 guidance and industry best practices.




- Maintain comprehensive documentation of model methodology, assumptions, and governance processes. Participate in model validation and back‑testing exercises. Ensure accurate reflection of ECL in financial statements and disclosures and respond to audit inquiries.
- For securitization activities, collaborate with the Treasury team to obtain inputs for securitization structure, cash flows, and funding arrangements. Record and reconcile securitization transactions in accordance with IFRS. Prepare journal entries for securitization‑related activities, including gain/loss recognition, servicing assets/liabilities, and derecognition of assets.
- Identify and lead automation initiatives to support efficient resource management, enhanced analytics, and improved reporting.
- Ensure strong internal controls over key processes such as ECL, securitization, and other areas as required. Ensure processes are documented and provide improvement recommendations as applicable.
- Recommend and document financial policies, procedures, and prepare accounting memos to remain current with internal and external business and regulatory needs.
- Coach and mentor team members.




- Liaise directly with other departments and external parties as required to support department objectives.
- Perform other duties and department projects as may be needed.

As a team member
- From a distance, make a difference in the lives of our members by helping our team members make members' financial dreams come true.
- Maintain and encourage open and honest business relationships within the team and throughout the Credit Union.
- Exude your upbeat energy and enthusiasm each and every day.
- Align your values with the Mission, Vision and Values of FirstOntario.
- Be a role model for FirstOntario's organizational culture by creating a positive impact at every touchpoint with people, with every word you say or put in print and everything you do.
- Communicate in a fashion that is respectful and well understood.
- Collaborate with your peers and stakeholders to add to the collective innovative thinking that can drive new business ideas for FirstOntario.
- Build and utilize working relationships with internal business partners across the organization.
- Actively participate in community events as part of FirstOntario's overall commitment to Corporate Social Responsibility.
- Utilize Lean methodology to streamline work processes and realize cost and resource efficiencies.
- Be a change leader as FirstOntario continues to adapt to new and exciting ways of delivering business services.
- Consider health & safety as a primary concern to ensur

📌 Senior Financial Analyst (Canada)
🏢 FirstOntario Credit Union
📍 Canada