Associate Analyst - Toronto, Canada - First National Financial

First National Financial

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Working together to be our best
We are hiring an Associate Analyst, Investor Relations

Reporting To:
Manager, Investor Relations

**Full-Time/Part

Time**: Fulltime

Posting Date:
April 8, 2024

Closing Date:
April 22, 2024

Hours of Work: 8:30 a.m. - 5:00 p.m.

Grade: 6.6

Office Location:
Great location Steps away from the main public transit station

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities

Eligibility for benefits is dependent on the terms of employment

The Role:

The Investor Relations Associate Analyst is responsible for supporting the team in all accounting, reporting and remittance pertaining to the Investor-Client mortgage portfolios.

The Opportunity:

Prepare and reconcile various financial reporting packages in an accurate, timely and consistent fashion for investorclients, relation to collection, arrears, and renewals
Complete mortgage eservice fees, tax, and penalty interest reasonability analysis
Reconcile remittance to First National cash records and reporting thereof using Merlin and Optimus
Prepare and reconcile daily, weekly and monthly investor remittances
Monitor cash flow, service fee and tax billing and prepare wire transfer request
Prepare monthend reports on Plexus, Merlin and Optimus for investors
Perform fundamental and valuation analyses
Develop and maintain thirdparty vendor relationships
Primary contact person for investor reporting/accounting questions
Follow up on loan discrepancies with residential and commercial administration teams
Complete special ad hoc projects assigned by management
Assist manager in various assigned projects, which will require knowledge of Optimus, Excel, and SQL to continually optimize processes, procedures and other technical initiatives
Prepare audit documentation, work with external and internal auditors to explain and resolve any issue
Working overtime during the first 5 business days of every month tot meet month end reporting and securitization schedules

Securitizations/Reporting:

Responsible for the creation, administration, and reporting of MBS pools for First National and various investors through the CMHC NHA-MBS and CMB programs.
Maintain comprehensive knowledge of policies and procedures relating to insurers
Work with investors and Treasury to select loans and tranches for new pools
Prepare and submit CMHC template documentation and documents (2812, 2830, 2824, 2834, etc) related to creating new issues of mortgagebacked securities and commercial mortgage back securities
Resolve issues with loans when pooling, work with CPTA and third party mortgage originators to correct loan data and any other edits
Support securitization activities with various reporting and analytic functions
Prepare and manage monthly CMHC mortgage securitization reports(2840) for First National and investor pools, ensure reports are uploaded by the third business day and copies are sent to the investors.
Reconcile investors cashflows upon mortgages securitization
Oversee the preparation, management, reconciliation and execution of month end mortgage and securitization accounting reports
Work closely with internal teams to provide talking points and analytics
Liaise with investors & FN treasury to compile various securitizations proposals for pooling into NHA MBS program
Liaise with mortgage insurers to ensure loans are insured and in compliance with CMHC pooling guidelines
Ensure all documents relating to securitization are remitted to CPTA are accurate and on time

The Requirements Needed:

Postsecondary education in Business/Economics and/or equivalent work experience preferred
At least 1 year of financial services experience
Proficient in excel (intermediate to advanced user)
Exceptional organizational skills
Excellent problem solving skills
Strong verbal and written communication skills
Ability to work in tight timeframes
Strong interpersonal skills: ability to interact and build relationships with people across the firm at different levels of seniority

The team you will join:

Founded in 1988, First National is one of Canada's largest non-bank lenders.

We provide residential mortgages exclusively through our mortgage broker channel and service commercial clients through our national origination team of empowered advisors.

At First National, It's in our Nature is our rallying cry.

It underlies our values, beliefs, and how we show up for each other, our clients, our partners and the community.

Our nature defines who we are and guides every decision we make.

First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation or any other category protected by law.

FNLOON