Accounting Manager

The Mason Group - Strategic Search Partners; Toronto; On-site; CAD 85,000 - 120,000; Full time

Job summary

The Mason Group - Strategic Search Partners seeks an experienced Accounting Manager to independently oversee accounting operations for a mortgage lending and financial services firm in Toronto. You will manage daily financial activities, mortgage payments, investor reconciliations, and regulatory reporting with minimal supervision.

Ideal candidates bring 5+ years in accounting within financial services, strong Excel skills, and a proven ability to meet tight monthly and annual deadlines while

Qualifications

• Minimum 5+ years of progressive accounting experience.
• Experience in financial services or mortgage lending preferred.
• Strong bank reconciliations and financial reporting experience.
• Advanced Microsoft Excel skills.
• Ability to independently manage multiple accounting responsibilities.
• Attention to detail, accuracy, and organizational skills.
• Strong communication and problem-solving abilities.
• Ability to meet monthly and annual reporting deadlines without supervision.

Responsibilities

• Manage daily banking and accounting functions.
• Complete monthly bank reconciliations.
• Prepare monthly financial reports.
• Perform mortgage portfolio and investor reconciliations.
• Process payments, deposits, and disbursements.
• Maintain accurate financial records and resolve discrepancies.
• Independently manage monthly mortgage payment processing.
• Prepare, process, reconcile and remit mortgage payments to investors.
• Monitor missed payments, short payments, and payment discrepancies.
• Process mortgage renewals, payouts and discharges.
• Prepare mortgage discharge statements and supporting documentation.
• Follow up on outstanding balances and payout shortfalls.
• Negotiate payment arrangements within company guidelines.
• Document collection activities and borrower communications.
• Resolve account discrepancies and escalated issues.
• Prepare and coordinate FSRA Annual Information Return filings.
• Coordinate the annual financial statement audit.
• Prepare financial schedules and supporting documentation for external auditors.
• Coordinate and complete annual tax slip preparation and filing.
• Maintain accurate records to support financial, tax, and regulatory reporting requirements.

Skills

Attention to detail

Accuracy

Communication

Problem-solving

Time management

Education

CPA designation (asset)

Tools

Excel

Job description

We are seeking an experienced, detail-oriented Accounting Manager to independently manage accounting operations for a company in the mortgage lending and financial services industry. This is a hands-on role responsible for day-to-day accounting, mortgage payment administration, investor reconciliations, financial reporting, and annual regulatory filings, with the successful candidate performing the work directly rather than managing an accounting team.

Key Responsibilities:

Accounting and Financial Operations

• Manage all daily banking and accounting functions.
• Complete monthly bank reconciliations.
• Prepare month-end financial reports.
• Perform monthly mortgage portfolio and investor reconciliations.
• Process payments, deposits, and disbursements.
• Maintain accurate financial records and resolve discrepancies.

Mortgage Payment Processing and Administration

• Independently manage monthly mortgage payment processing.
• Prepare, process, reconcile, and remit mortgage payments to investors.
• Monitor missed payments, short payments, and payment discrepancies.
• Process mortgage renewals, payouts, and discharges.
• Prepare mortgage discharge statements and supporting documentation.
• Follow up on outstanding balances and payout shortfalls.

Collections and Account Management

• Negotiate payment arrangements within established company guidelines.
• Document collection activities and borrower communications.
• Resolve account discrepancies and escalated issues when necessary.

Annual Reporting and Compliance

• Prepare and coordinate applicable FSRA Annual Information Return filings.
• Coordinate the annual financial statement audit.
• Prepare financial schedules and supporting documentation for external auditors.
• Coordinate and complete applicable annual tax slip preparation and filing.
• Maintain accurate records to support financial, tax, and regulatory reporting requirements.

Requirements:

• Minimum 5+ years of progressive accounting experience, preferably in financial services or mortgage lending.
• Strong experience with bank reconciliations, financial reporting, and payment processing.
• Advanced Microsoft Excel skills.
• Ability to independently manage multiple accounting responsibilities.
• Exceptional attention to detail, accuracy, and organizational skills.
• Strong communication and problem-solving abilities.
• Ability to meet monthly and annual reporting deadlines without ongoing supervision.

Strongly Preferred:

• Experience in private mortgage lending or mortgage administration.
• Familiarity with investor accounting and mortgage payment remittances.
• Experience preparing FSRA regulatory filings.
• Experience coordinating external financial statement audits.
• Knowledge of Canadian tax reporting and annual tax slip filings.
• Familiarity with mortgage servicing and accounting software.
• A CPA designation is considered an asset but is not required.

Additional Information:

The Mason Group is committed to fostering a diverse, inclusive, and accessible recruitment process. We welcome applicants from all qualified candidates. Accommodations are available upon request for candidates participating in all stages of the recruitment process, in accordance with the Accessibility for Ontarians with Disabilities Act (AODA).

This role is for an immediate vacancy, and we are actively hiring.

Technology-assisted screening tools including AI may be used during the recruitment process; however, all applications are reviewed by our Consultants.