Job Description

Working together to be our best!

First National is Canada\'s largest non-bank lender, originating and servicing both commercial and residential mortgages since 1988. Over the past thirty years, we have been committed to hiring the best and brightest with over 1,000 proud team members. Through cooperation, ongoing coaching, development opportunities and a culture that celebrates both hard work and teamwork, First National team members are supported to lead, learn and grow.

If you are ready to join First National\'s dynamic team, while working hard and having fun doing it, we invite you to apply online and let us know how you can be part of our success story.

We are hiring an Investor Relations Administrator

Reporting To:

Supervisor, Investor Relations

Full-Time/Part- Time:

12 Month Contract

Posting Date:

August 9, 2023

Closing Date:

August 30, 2023

Hours of Work:

8:30 a.m. - 5:00 p.m.

Grade:

Office Location:

4

Toronto

Great location! Steps away from the main public transit station

What we offer:

Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities!

*Eligibility for benefits is dependent on the terms of employment

The Opportunity:

The Investor Relations Administrator is responsible for supporting the team in all accounting, reporting and remittances pertaining to the Investor-Client mortgage portfolios.

• Prepare and reconcile various financial reporting packages in an accurate, timely and consistent fashion for Investor-clients, relating to collections, arrears, and renewals
• Complete mortgage service fees and penalty interest reasonability analysis
• Reconcile remittances to First National cash records and reporting thereof using Merlin and Optimus
• Prepare and reconcile daily, weekly and monthly investor remittances
• Send letters and emails to investors i.e. cheques and confirmations
• Monitor cash flow and prepare wire transfer request
• Scan, photocopy, staple and file daily reports and wire requests, send letters and emails to investors i.e. cheques and confirmations
• Prepare month-end reports on Plexus, Merlin and Optimus for investors
• Perform fundamental and valuation analyses
• Develop and maintain third-party vendor relationships
• Primary contact person for investor reporting/accounting questions
• Follow up on loan discrepancies with residential and commercial administration teams
• Complete special ad hoc projects as assigned by Management
• Assist Manager in various assigned projects, which will require knowledge of Optimus, Excel and SQL to continually optimize processes, procedures and other technical initiatives
• Prepare audit documentation, work with external and internal auditors to explain and resolve any issue
• Working overtime during first 5 business days of every month to meet month end reporting and securitization schedules

Securitizations/Reporting

• Responsible for the creation, administration and reporting of MBS pools for First National and various investors through the CMHC NHA-MBS and CMB programs.
• Maintain comprehensive knowledge of policies and procedures relating to insurers
• Work with investors and Treasury to select loans and tranches for new pools
• Prepare and submit CMHC template documentation and documents (2812, 2830, 2824, 2834, etc) related to creating new issues of mortgage backed securities and commercial mortgage back securities
• Resolve issues with loans when pooling, work with CPTA and third party mortgage originators to correct loan data and any other edits
• Support securitization activities with various reporting and analytic functions
• Prepare and manage monthly CMHC mortgage securitization reports (2840) for First National and investor pools, ensure reports are uploaded by the third business day and copies are sent to the investors.
• Reconcile investors cash-flows upon mortgages securitization
• Create securities record in CDS, reconcile and remit CUSIP/ISIN, guarantor and application invoices
• Oversee the preparation, management, reconciliation and execution of month end mortgage and securitization accounting reports
• Work closely with internal teams to provide talking points and analytics
• Liaise with investors & FN treasury to compile various securitizations proposals for pooling into NHA MBS program
• Liaise with mortgage insurers to ensure loans are insured and in compliance with CMCH pooling guidelines
• Ensure all documents relating to securitization are remitted to CPTA are accurate and on time

The Requirements Needed:

• Post-secondary education in Business/Economics and/or equivalent work experience preferred
• At least 1 year of financial services experience
• Experience working with SQL, Merlin, Optimus and Trust Accounting applications preferred
• Proficient in Excel (intermediate to advanced user)
• Exceptional organizational skills
• Excellent problem solving skills
• Strong communication skills, both written and verbal
• Ability to take initiative and work independently
• Ability to work in tight timeframes
• Strong interpersonal skills; ability to interact and build relationships with people across the firm at different levels of seniority

Why join First National?

• Bright open concept office environment
• Large kitchens with a coffee and latte maker to enjoy at no cost
• Supportive teamwork focused environment
• Collaborative entrepreneurial spirit
• Opportunities to give back to the communities and work through events focused on a variety of charities
• Ongoing social events throughout the year
• Extensive training programs to set our employees up for success

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 or any other category protected by law.

First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at .

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

Other details

• Pay Type Salary
• Job Start Date Wednesday, June 14, 2023
• Job End Date Wednesday, June 28, 2023

• Toronto, ON, Canada

First National