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Associate Analyst, Mortgage Accounting

5 months ago


Toronto, Canada First National Financial Full time

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 and any other category protected by law.
We are hiring an Associate Analyst, Mortgage Accounting
**Reporting To**: Supervisor, Settlements
**Full-Time/Part
- Time**: Full-time
**Posting Date**: August 21, 2024
**Closing Date**: September 4, 2024
**Hours of Work**: 8:30 a.m. - 5:00 p.m.
**Grade**: 6.6
**Office Location**: Toronto 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 Opportunity
The Associate Analyst is responsible for ensuring Investor settlement reports and funding receipts are accurately prepared, posted, reconciled daily and reported to the Investor in the timelines required in accordance with company policy.
**How you will contribute**:

- Establish and maintain positive relationship with investors
- Prepare settlement reports for investors in accordance with investor specification and timelines
- Confirm settlement funds received at bank and post to general ledger
- Prepare daily report to identify trust loan disbursements
- Prepare daily/weekly/monthly funding reconciliation reports
- Reconcile investor ledger accounts to investor asset balance reports
- Transfer ownership and reconcile investor asset balances
- Advance/payout loans on the mortgage administration system
- Conduct monthly review of service fees
- Perform a monthly reconciliation of refinance penalty costs
- Perform monthly reconciliation and reallocation of broker buydowns
- Daily review and correction of origination and administration data discrepancies
- Respond to all inquiries within established turnaround times
- Adhere to policies /procedures to ensure AML requirements are met, when applicable.
- Cross train in other roles and functions in Mortgage Accounting
- Other duties as assigned

**The experience you need**:

- You have acquired a post-secondary diploma or degree
- You have some experience in the mortgage industry (may not be applicable for entry-level positions)
- You enjoy problem-solving
- You have an accounting background (preferable)
- You have time management skills
- You are proficient with Microsoft excel

**Working Environment and Physical Demands Analysis**:

- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.

Why join First National?
- Competitive Compensation
- Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
- Hybrid working environment [select if applicable].
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year

**The team you’ll join**:
Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
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