Securitization Administration Manager in Toronto

Join a Challenger. At EQ, we’re remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending to trust and credit union solutions. We’ve been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

The Manager, Securitization Administration will be responsible for the effective and efficient accounting and reporting of the Bank’s securitization programs. Responsibilities will include:

• Executing new securitization issuances and ongoing administration
• Preparing monthly investor reports, accounting, and financial analysis
• Interpreting and analyzing financial data
• Working closely with internal and external stakeholders including the Bank’s Accounting group, Capital Markets and Treasury departments, CMHC, Computershare, strategic business partners, third party service providers, and the Bank’s external auditors

Key responsibilities include:

• Focusing on the accounting, reporting, and financial analysis of the Bank’s securitization activities
• Developing a strong understanding of securitization profit calculations and accounting
• Following established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards
• Assisting with routine accounting processes for the securitization activities of both Equitable Bank and Equitable Trust
• Overseeing the accounting for creation, issuance, and settlement of new NHA MBS pools
• Ensuring timely and accurate accounting and reporting on Covered Bonds activities
• Supporting the monitoring of securitization regulations
• Providing support to the Accounting group
• Contributing to the financial statement close process
• Assisting in the preparation of month-over-month variance analysis in financial results and program profitability
• Responding to accounting inquiries
• Identifying opportunities for process improvement
• Ensuring effective and efficient staff performance
• Liaising with other departments and external stakeholders

Knowledge/Skill Requirements:

• Post-secondary education and professional designation in Accounting (CPA)
• A minimum of 5 years of experience in accounting or financial reporting at a financial institution, with at least 2 years in a leadership role
• Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset
• Strong technical aptitude, with a proven understanding of cash flow modeling
• Possesses strong leadership skills
• Experience with execution of complex financial reporting requirements
• Experience in the mortgage industry and securitization preferred
• Experience with data management and reporting systems
• Experience in process development and controls management

Specific Attributes:

• Strong analytical abilities and very detail-oriented
• Outstanding interpersonal skills
• Excellent verbal and written communication skills
• Strong organizational skills
• Independent thinker and self-starter
• Ability to identify and drive process improvements
• Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems)

Accountability:

• Meeting the organization’s expectations for productivity, quality, and objectives
• Contributing to a team culture that works collaboratively
• Participating in target setting, regular touch base meetings, performance development planning, and formal semi-annual performance reviews

Physical Demands / Working Conditions:

• Normal office environment with no physical demands
• Hybrid work environment with 3 days in office required per week

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 and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program

Equity, Diversity & Inclusion:

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported.