Analyst, Loan and Insurance Accounting

Fairstone; Montreal; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Montreal is seeking a Financial Analyst. The ideal candidate will analyze financial results, manage accounting for fixed assets, and ensure compliance with accounting standards. Strong analytical and communication skills are required, along with a Bachelor’s degree in Accounting or Finance and over 5 years of relevant experience. This role offers opportunities for professional growth in a recognized workplace.

Benefits

Recognized as Great Place to Work Canada

Competitive salary

Equal opportunity employer

Qualifications

• 5+ years of relevant work experience in a large financial institution.
• Professional accounting designation is a plus.
• Detail-oriented with strong analytical skills.

Responsibilities

• Assist in analyzing financial results and preparations.
• Manage accounting for fixed assets and insurance products.
• Perform account reconciliations and establish new policies.

Skills

Problem solving

Analytical skills

Communication

Team collaboration

Data mining

Education

Bachelor’s degree in Accounting or Finance

Tools

MS Office (Excel)

Job description

Overview

The ideal candidate should have knowledge of the workings of a financial institution, an understanding of consumer lending and related optional Insurance products. The individual needs to demonstrate a quick ability to manage fixed assets and insurance procedures and work with various departments, systems and products.

Responsibilities

• Assist in analyzing financial results, preparing variance analysis and ensuring timely and accurate financial and management reporting.
• Accounting for Fixed Assets and optional Insurance products, this includes but not limited to
• Calculation and booking of commissions on sale of insurance products
• Management of Insurance cash settlement processes with Vendors.
• Monitor controls around accounting of all loan products and optional Insurance products
• Assist branch network with accounting related queries for optional products.
• Work closely with Cash reconciliation team to ensure that all cash is accounted for appropriately.
• Perform account reconciliations by ensuring that guidelines and policies around accounting processes are adequate and effective, and all balances are substantiated by proper documentation.
• Present financial results for the option insurance oversight committee; and implement new regulations working closely with to external vendors and legal department.
• Continually review existing procedures (establishing new policies where needed) to incorporate change in reporting and accounting requirements.
• Support the reporting team during external / internal audits

Position Requirements

• Bachelor’s degree in Accounting or Finance.
• A professional accounting designation, a plus.
• Relevant work experience (5 years or more), at a large financial institution and working for a multinational corporation.
• Detail oriented with excellent problem solving and strong analytical skills.
• Data mining experience desired.
• Strong accounting fundamental skills.
• Ability to network and communicate effectively across levels and departments.
• Team player but must have the ability to work independently and meet strict timelines.
• Solid oral and written communication skills.
• Proficient in MS Office, specifically advanced skills in Excel.

We are proud to be recognized as Great Place to Work Canada for 2025 and Montreal's Top Employers 2025 by Canada’s Top 100 Employers.

Equal opportunity statement: Fairstone is an equal opportunity employer. We will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.