BenefitsTop-tier health and wellness benefits, including comprehensive benefits packages and a Health Spending AccountEnhanced mental health benefits through SunLife and TELUS HealthUp to $1000 per year towards qualified developmentPension PlanFlex-work environmentCompany-wide Employee Volunteer program (Blue Wave Program)Employee and Family Assistance ProgramJob OverviewThe Senior Financial Analyst is responsible for carrying out regulatory and financial reporting and accounting activities, with a particular focus on complex accounting responsibilities.RoleHandle 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 needed.Team Culture and ExpectationsFrom a distance, make a difference in the lives of our members by helping our team members make members' financial dreams come trueMaintain and encourage open and honest business relationships within the team and throughout the Credit UnionExude your upbeat energy and enthusiasm each and every dayAlign your values with the Mission, Vision and Values of FirstOntarioBe 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 doCommunicate in a fashion that is respectful and well understoodCollaborate with your peers and stakeholders to add to the collective innovative thinking that can drive new business ideas for FirstOntarioBuild and utilize working relationships with internal business partners across the organizationActively participate in community events as part of FirstOntario's overall commitment to Corporate Social ResponsibilityUtilize Lean methodology to streamline work processes and realize cost and resource efficienciesBe a change leader as FirstOntario continues to adapt to new and exciting ways of delivering business servicesConsider health & safety as a primary concern to ensure the safety of self and othersRequired SkillsBe proud of your post‑secondary degree in accounting, finance or business and have a CPA designation or nearing completionHave a minimum of three (3) years' experience, which includes reporting under IFRS, ideally within the financial services industryDemonstrate your experience performing complex accounting in the areas of expected credit losses, financial instruments, securitization, hedge accounting, derivatives, etc.Have sound knowledge of financial accounting principles and apply them in all that you doBe an expert user with Excel and other Microsoft Office productsBe proficient with data query/analysis toolsAbility to maintain a high level of accuracy and attention to detailBe a self‑starter and a proactive problem‑solverBe quick to respond to requests for service from all of your clientsOpenly share your knowledge with the team and tell stories to inspire themGenuinely care about peopleInherently demonstrate a high level of integrity and be trustworthyBe more than approachable with your superior interpersonal skillsInnately demonstrate superior written and verbal communication skillsUse your courage to take action in difficult and challenging situations and deal with uncertaintyDo the right things for the right reasonsBe aware of and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation and FirstOntario policies and proceduresSincerely show in every aspect of what you do that you are a great employee and dedicated team member of the fastest growing Credit Union in CanadaLocationThis position is hybrid in Stoney Creek, Ontario.Salary Range: $81,110 to $111,527 annually.#J-18808-Ljbffr

📌 Senior Financial Analyst - C$81,110 - C$111,527 A Year (Toronto)
🏢 FirstOntario
📍 Toronto