Senior Analyst, Loan Accounting

Fairstone Bank•Montreal, QC

9d•Hybrid

About The Position

Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig. Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers. Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank. Join Fairstone as a Senior Analyst, Loan Accounting and be part of our talented and growing team! The Financial Controller’s team at Fairstone, as part of the Fairstone organization, is committed to supporting our broader business strategy. The successful candidate will work closely with the Accounting Manager of Fairstone Financial (carrying on Consumer Finance business) on all Loan accounting and reporting matters, adding value to the firm through strategic analysis, advisory, financial reporting, corporate governance and provide expertise and hands-on management of a broad spectrum of day to day accounting operations in support of the business. This is an excellent opportunity for an experienced industry professional.

Requirements

Bachelor’s degree in Accounting or Finance.
Progressive relevant work experience (3 to 5 years) involving product accounting, working with external and internal auditors.
Financial analysis skills and experience.
Strong attention to detail and documentation skills.
Strong knowledge of technical accounting (IFRS) and internal control principles.
Proficient in MS Office, specifically advanced skills in Excel.
Demonstrated leadership skills, with ability to influence and gain support for objectives.
Self-motivated individual capable of adapting to change, managing multiple tasks and continuously evaluating priorities to lead tasks/projects to completion.

Nice To Haves

A professional accounting designation preferred.
Experience at a large financial institution and experience working for a multinational corporation is a plus.

Responsibilities

Analyze financial results, prepare variance analysis and ensure integrity and accuracy of the IFRS financial statements notes related to Loan accounting.
Lead the implementation of new, and adherence to, IFRS reporting requirements related to Loan and Insurance accounting and reporting, including researching and providing guidance to business.
Assist with input on loans related matters including loan loss reserves for quarterly management presentations.
Work closely with the Investor Reporting team supporting Securitization of consumer finance receivables.
Audit liaison for Loan and Insurance accounting matters and issues with external / internal auditors and manage the outcome.
Assist with the preparation of relevant disclosures in the quarterly and annual financial statements.
Troubleshooting issues and serving as subject matter expert while working with other functional areas such as Shared Services, Risk, FP&A, Treasury and Tax.
Lead the development, implementation and enhancements of internal controls, and ensure adherence to corporate policies and directives.
Manage and/or participate in ad hoc projects (Product Processor enhancements, process improvement initiatives etc.), as required.