Financial Analyst - Toronto, Canada - RFA Canada

RFA Canada
RFA Canada
Verified Company
Toronto, Canada

1 week ago

Sophia Lee

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Sophia Lee

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Description

RFA's residential mortgage lending business is operated by RFA Mortgage Corporation and RFA Bank of Canada, a federally regulated Schedule I Bank.

RFA Mortgage Corporation specializes in Prime lending (Insured, Insurable, Uninsurable), while RFA Bank of Canada is a balance sheet based Alternative mortgage lender (Alt-A and B lending).

Combined, RFA offers mortgage brokers a one-stop shop with our full suite of competitive Prime and Alternative mortgages.

RFA's strategic vision is to be a long-term leader in the residential lending segment by offering a value proposition beyond just rate and compensation.

Through building a competitive broker experience and solutions-oriented product suite, RFA's goal is to be recognized and recommended by our mortgage broker partners, mortgagors, and other strategic partners, for our financing solutions and broker/client experience.


The Opportunity


Reporting to the Manager, Finance the Financial Analyst is responsible for supporting the period end close process, as well as daily accounting and reconciliations, analytics on variances, accruals, and preparation of audit supporting schedules.

This role has daily responsibilities and requires an individual that thrives in a fast paced and dynamic department.

Financial Statement Close Process

  • Responsible for booking daily journal entries for multiple entities
  • Preparing monthend accrual entries related to onbalance sheet loan portfolios,
  • Responsible for conducting reconciliation of onbalance sheet loan portfolios and providing analytical commentary and investigation on rates and volumes,
  • Prepare monthend journal entries related to other assets and liabilities including amortization of fees and revenues.
  • Perform reasonability analysis on trending journal entries to ensure completeness and accuracy.
  • Investigate various transactions as a part of variance analysis and reconciliations, coordinating with other internal and external groups, draw conclusions and propose adjusting entries if required,
  • Leverage available data through the enhancement and development of analytical reports to support monthly reporting,
  • Wire requests to Treasury department to support funding and other transfer requirement,
  • Contribute to an accurate and timely month end close free of material misstatements,
  • Provide backup to other Finance team members for reconciliation and journal entry postings,
  • Increase operational efficiency by reviewing and recommending improvement to existing procedures and processes, and leveraging technology,
  • Provide general daytoday accounting/reconciliation support and assist with any other adhoc tasks or special projects, as may be required from time to time.
  • Reconcile and maintain monthly loan subledger in conjunction with Manager and Controller
Financial Reporting and Governance

  • Assist in the preparation of quarterly and annual financial statements in accordance with IFRS
  • Adhoc reporting for senior management
  • In conjunction with the Manager, Finance assist in maintaining a strong control environment and good governance practices
Customer/Stakeholder Interaction

  • Interact with all functional areas of the business for the purpose of the continuous advancement of the Company's information capabilities, implementation of processes and information delivery to improve operational efficiencies, strengthening of internal controls, as well as financial and nonfinancial analytics as required.

What you can bring to RFA:

  • Undergraduate Degree in Business Administration, Finance or Accounting
  • At least 3 years of experience in a finance role
  • A CPA designation or working towards a CPA designation is an asset.
  • Previous experience working in financial services is considered an asset.

Benefits of Working at RFA:


  • Health & Dental Care
  • Vision Care
  • RRSP Match
  • Vacation & Personal Days
  • Hybrid working environment.
  • Advanced knowledge of Microsoft Office (Excel, PowerPoint, Word),
  • Knowledge of NetSuite is an asset.
  • Ability to multitask, work under pressure and meet deadlines required,
  • Ability to work independently with strong attention to detail.

Accessibility
Accommodation is available upon request for applicants and employees with disabilities.

If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process.

Any information received relating to accommodation will be addressed confidentially.
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