Job Description

Director, Finance

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

This position will be responsible for working closely with Finance and leadership teams to provide financial reporting and analytics as it relates to monthly financial results, quarterly financial statements and MD&A, strategic projects, budgeting, and various ad-hoc materials for the management and the board.

Strategic Planning & Analysis

Assist the Sr. Director in developing a long-term vision and strategy by providing relevant and requested analyses, developing processes and/or models. Assist in the development of Key Performance Indicators to be monitored by management. Assist in developing strategically relevant financial plan and forecast processes for the line of business that will identify the needs of the business and opportunities that will result in meeting or exceeding targets. Provide financial input to the development of business strategies and in the review of performance. Oversee the assessment, and evaluation of all proposed new projects to optimize the delivery of target outcomes for the right level of investment. Oversee the financial modeling for strategic projects which accords with best practice and identifies risks, issues and assumptions which enables the senior management team to make and implement effective decisions and mitigation strategies.

Financial Reporting

Responsible for producing the monthly enterprise-wide financial results, incl. analytics, commentary and ad-hoc analysis as required. Responsible for accuracy of data extraction and interpretation of data from various information sources and systems Perform analysis and generate insights of financial statements line items, business units and specific areas of focus Responsible to review and approve high risk journal entries and B/S reconciliations Coach the team and enhance underlying reporting processes to improve the financial reporting speed and quality of the data and insights. Prepare and/or review quarterly consolidated Financial Statements and MD&A, incl. underlying working papers as required; Review legal entity stand-alone annual Financial statements Ensure accurate and timely submission of routine and ad-hoc financial information to regulatory bodies and other stakeholders such as STATSCAN, Broker Reporting, DBRS, etc.

Management Reporting

Own segmented reporting and business-level P&L, for both management purposes and preparing for additional disclosure to segments externally. Ensure financial management reporting and processes are in place to support the ongoing and future needs of the line of business. Develop and enhance the monthly business unit reporting and analysis, including key metrics reports, conduct ad-hoc financial analysis as required.

Budgeting

Participate in the annual budgeting and planning process; administer and review financial plans and budgets, laisse with businesses partners and stakeholder across the organization to develop adequate assumptions; monitor progress and changes and keep senior leadership team abreast of the line of business's financial status. Provide ongoing financial modeling and analysis expertise to business partners. Conduct the financial modeling and analysis to support the development of long-term strategic initiatives and business plans.

Enhance Financial Analysis and Other

Work closely with the Senior Director to define, scope and implement enhancements to working practices, processes, Financial Models, Financial Analysis and Reporting. Identify and implement opportunities to improve the accuracy, validation, and organization of financial analysis, while streamlining processes and reporting to reduce redundancy, automate tasks, and minimize manual effort, time and risk of error. Structure key processes and develop relevant background documentation with a view to enhance efficiencies and manage risk. Effectively prepares detailed analysis and memos on accounting treatment of transactions.

Lead and Manage Staff

Foster a positive and productive work environment, encouraging open communication and collaboration among team members; Resolve conflicts that may arise, addressing issues promptly and fairly Demonstrate strong performance management skills, effectively setting and communicating expectations, identifying development opportunities, and coaching team members to achieve their full potential. Establish, monitor and communicate performance standards to direct reports reinforcing individual results, work quality, continuous improvement, teamwork and achievement of MCAP's objectives. Ensure that accountability is shared across the team, empowering members to take responsibility for their work and encouraging open communication about success. Ensure a continuous improvement culture is established and encouraged.

What You Bring To The Team

Minimum 8 years of progressive and relevant work experience in accounting and FP&A Knowledge of financial statements and management reporting Knowledge in mortgages, securitization, derivatives or other financial products would be an advantage Experience overseeing/reviewing junior Team members' work Highly skilled in using MS Office (Excel, Access, PowerPoint and Word) Advanced Microsoft Excel skills, such as Pivot Tables, Nestled "IF" Statements, VLOOKUP, OFFSET, SUMIFS, MATCH-INDEX, etc. to build efficient and accurate financial models Ability to analyze financial and investment analyses and understand how to use this information to drive projects that will impact the business. Ability to interpret and question data inputs to financial models and support alternative recommendations as necessary. Ability to think strategically, anticipate future consequences and trends while incorporating this into the financial plan. Strong business acumen Ability to manage complex projects through to an end point Ensure key information is provided to team regarding business issues, changes in account status, etc. Construct and deliver accurate, honest and timely performance management documents Relationship building and rapport skills Influencing and networking skills Ability to communicate effectively at all levels Ability to demonstrate credibility, confidentiality and responsibility in all member/client interactions Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from Line of Business Leaders. Ability to gain trust of high-level management and leverage relationships to provide best possible financial plans and drive impactful analytical projects. Excellent organizational and time-management skills Ability to multi-task in a fast paced environment Strong analytical and problem solving skills Proven ability to foster relationships Strong customer service skills. Self-driven, motivated with the ability to work independently and in a team environment Carries out duties with integrity and takes responsibility for actions University degree CPA Designation (must have)

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 #:

req2073

Employment Status:

Permanent Full Time

Location:

Toronto; Ontario

Number Of Openings:

1

Department:

Finance

Internal Job Title:

Director, Finance



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.