Associate Analyst, Mortgage Accounting Reconciliation

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.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at [email protected] should you need an accommodation at any point in the recruitment process.

We are hiring an Associate Analyst, Mortgage Accounting Reconciliation!

How you will contribute:

• Run mortgage system queries to identify 1103 cash clearing postings
• Download and review all 1103 cash clearing entries posted to trust account daily
• Reconcile 1103 general ledger entries to mortgage system transactions
• Prepare daily reconciliation report identifying reconciliation items
• Follow up daily with staff to clear outstanding reconciliation items
• Scan and save daily reconciliations for audit purposes
• Retain daily 1103 reconciliation record until annual audit complete
• Produce daily advance query and post to resulting general ledger  accounts
• Set up and transfer funds from/to general and trust account daily
• Reconcile and prepare remittance report of mortgage insurance premiums weekly
• Follow up with insurers if refund due on cancelled loans
• Complete other GL reconciliations as assigned
• Adhere to policies /procedures to ensure AML requirements are met, when applicable
• Other duties as assigned by manager

The experience you need:

• Post secondary education with a focus in Accounting and/or equivalent work experience preferred
• Strong analytical and reconciliation skills
• Strong organizational skills and demonstrated ability to prioritize and multitask
• Strong communication skills

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

Why join First National?

• Competitive Compensation
• Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up)
• 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.

We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.

#FNLOON