Securitization Analyst

4 weeks ago


Toronto, Ontario, Canada Equitable Bank Full time

Key Responsibilities

  • The primary focus of this role will be on the administration, accounting, and financial analysis of the Bank's securitization activities.
  • Assist with the creation, issuance, and settlement of new NHA MBS utilizing mortgageHUB software.
  • Prepare monthly CMHC 2840 investor reporting and payments to the CPTA.
  • Develop an understanding of and adhere to the Bank's policies and procedures as it relates to compliance with CMHC's NHA MBS and CMB Guidelines.
  • Responsible for daily cash tracking and balancing, including bank reconciliations.
  • Develop an understanding of securitization profit calculations and accounting, following established accounting practices to ensure accurate financial and operating reports.
  • Contribute to the financial statement close process through the preparation of monthly accounting schedules.
  • Assist in the preparation of month-over-month variance analysis in financial results and program profitability.
  • Support compliance interactions with government agencies and external auditors, including reviews, audits, and other communications.
  • Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders.
  • Interact with other departments and external stakeholders.

Requirements

  • University/College undergraduate degree in Business Administration/Commerce, Accounting focus preferred.
  • A minimum of 2 years of experience in accounting or financial reporting at a financial institution.
  • Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset.
  • Strong technical aptitude, with an understanding of cash flow modeling.
  • The ability to work independently and engage across the organization.
  • Experience in the mortgage industry and securitization preferred.
  • Experience in reconciliation of general ledger accounts.
  • Experience with data management and reporting systems.

Attributes

  • Possesses strong analytical abilities and very detailed-oriented.
  • Outstanding interpersonal skills with the ability to build solid relationships with other members of Finance department, business unit representatives, and internal and external stakeholders.
  • Excellent verbal and written communication skills, with the ability to communicate clearly and concisely.
  • Strong organizational skills with the ability to prioritize multiple tasks and meet tight deadlines within a fast-paced environment.
  • Independent thinker and self-starter who will be able to work independently and exercise good professional judgment.
  • Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems).

About Equitable Bank

Equitable Bank is a leading financial institution that offers a range of financial products and services. The Bank is committed to providing excellent customer service and building strong relationships with its clients and stakeholders.

What We Offer

  • Competitive discretionary bonus.
  • Market leading RRSP match program.
  • Medical, dental, vision, life, and disability benefits.
  • Employee Share Purchase Plan.
  • Maternity/Parental top-up while you care for your little one.
  • Generous vacation policy, personal days, and even a moving day.
  • Virtual events to connect with your fellow colleagues.
  • Annual professional development allowance and a comprehensive Career Development program.

Work Environment

The incumbent will be working hybrid and in-office time will be spent working from Equitable Bank's additional office space located at 351 King Street East, Toronto, ON.



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