Jr. Financial Analyst

Jr. Financial Analyst

MCAP at a Glance

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Role

The Jr. Financial Analyst will be responsible for analyzing and running operational data for external lenders as well as internal business units. 

• Reconciling and reporting on any rate buydown related to broker commission. 
• Reconciling and reporting on any promotional compensation on a weekly basis 
• Running monthly reports in regard to lender buydown remittances 
• Reconciling and reporting on monthly buydown as a result of underwriting related errors 
• Reconciling and remitting mortgage insurance for high ratio and transactional loans 
• Working with the insurers to resolve discrepancies on their insurance portfolios. 
• Managing Month/ Quarter/ Year closing process 
• Managing daily bank reconciliations re commission/Merix/operating banks  
• Collaborate with the Finance team in completing monthly balance sheet account reconciliation. 
• Collaborate with the Finance team for any auditing conducted by third parties to ensure effective resolution and swift closure of auditing activities.  
• Collaborate with the Finance team to Investigate variances in budgets, reporting, internal controls, and general accounting; deploy measures to resolve variances. 
• Collaborate with the Finance team to monitor daily cash flow.  
• Other ad hoc financial/operational reports as required. 

What You Bring To The Team 

• Demonstrated ability in Microsoft Office (Word, Access, PowerPoint, Outlook)
• 1-3 years of experience in a financial analytics environment  
• Bachelor's Degree in Business or Finance and/or equivalent 
• Strong knowledge of Excel (pivot tables, functions, and formulas) 
• Focus on detail and accuracy with respect to data integrity while working with large volumes of data.  
• Exceptional oral and written communication skills 
• Excellent organizational and time-management skills 
• Ability to multi-task in a fast-paced environment 
• Strong analytical and problem-solving skills.  
• Self-driven, motivated with the ability to work independently and in a team environment.  
• Knowledge of Accounting Systems 
• Professional designation (CPA or working towards CPA) is considered an asset

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you!

Be A Part Of Something Great

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

Position #: req1802

Employment Status: Permanent Full Time

Location: Toronto; Ontario

Number Of Openings: 1

Department: Finance

Internal Job Title: Jr. Financial Analyst

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position.  It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.