Financial Controller

Loop; Toronto; On-site; CAD 100,000 - 150,000; Full time

Job summary

Loop is a dynamic FinTech startup seeking a Financial Controller to lead accounting operations and ensure compliance with regulatory standards. The role requires a strong background in financial services and offers opportunities for impact and growth within a collaborative, high-energy environment in downtown Toronto.

Benefits

Competitive salary with equity potential

3 weeks vacation

Enrollment in health benefits

Catered lunch on Mondays

Full office kitchen with snacks

Qualifications

• 4+ years in progressive accounting experience, particularly in financial services.
• Strong understanding of IFRS and financial reporting standards.
• Proficiency in accounting software and ERP systems.

Responsibilities

• Oversee accounting management and ensure financial reporting accuracy.
• Manage compliance with regulatory requirements and audits.
• Develop and implement financial policies and procedures.

Skills

Strong financial acumen

Problem-solving

Analytical skills

Impeccable accuracy with numbers

Excellent communication

Education

CPA designation or equivalent

Tools

QuickBooks

NetSuite

Microsoft Excel

SQL

Job description

Loop is a fast-growing FinTech high growth startup that enables businesses to seamlessly manage money around the world so our clients can access more markets, accelerate their growth and simplify their operations with the only truly cross-border banking platform. Loop is enabling the next generation of businesses to thrive around the world and we are looking for ambitious people to join our mission.

About the Role

Hi, I"m Dave, Head of Finance at Loop, and I am hiring an experienced and proactive Financial Controller to lead our financial operations and ensure the integrity of our accounting processes. This role is pivotal in managing company-wide accounting, audits, and regulatory bank reporting while overseeing the reconciliation of product-specific ledgers, including accounts, credit cards, and loans. The ideal candidate will thrive in a dynamic environment and have a deep understanding of fintech operations. This role is an onsite position 5 days per week at our downtown Toronto office (Adelaide and Spadina).

Where You Come In

The Financial Controller will have exposure to a variety of finance, accounting, reporting and treasury functions as well as supporting Loop's compliance and internal audit needs. You will be responsible for managing the company"s accounting operations, ensuring accuracy in financial reporting, and maintaining compliance with regulatory requirements.

You will play a key role in the development and implementation of financial policies and procedures. The ideal candidate has a strong background in accounting within a financial services environment, excellent analytical skills, and comfort operating in a fast-paced startup environment.

What You"ll Be Doing

Accounting Management :

Oversee all aspects of the accounting function, including all general ledgers, month-end closes accounts payable, accounts receivable, payroll, and tax compliance.Ensure accurate and timely monthly, quarterly, and year-end financial accounting process for consolidated and standalone operating and regulated entitiesConduct complete, accurate and timely accounting, reporting and analysisManage Financial and KPI reporting requirements for investors and key stakeholdersActively track Loop's key metrics and provide regular reporting and analysis to our leadership team

Treasury :

Oversee Loop's treasury management function, ensuring all transactions are actioned, recorded and reconciled on a timely basisLead the management and accuracy of product-ledger reconciliations, including both customer cash accounts and lending accountsManage the preparation and filing of all required daily, monthly and annual reports as required by Loop's financial partners

Develop and maintain all financial reporting processes for the company.Coordinate and manage external audits, ensuring timely completion and resolution of audit findings as well as compliance with regulatory requirements.Support other teams with internal management reporting requirementsSupport the internal risk and compliance functions to ensure Loop is meeting its regulatory responsibilitiesMonitor performance against budgets, analyze variances, and provide actionable insights to other internal teams.

Internal Controls :

Develop, implement, and maintain effective internal control policies and procedures to safeguard company assets and customer funds.Conduct regular reviews and updates of internal controls to ensure compliance and mitigate risks.Oversee compliance with all federal, provincial, and local financial regulations and reporting requirements.

Provide Additional Cross-Functional Support :

Collaborate with the various teams to help with the preparation of budgets, forecasts, financial models and scenario analysisProvide financial insights and recommendations to senior management to drive business performance.Support the Operations and Sales teams with customer related queries related to transactionsProvide support on special projects in collaboration with the Leadership team as requiredAssist with operational tasks such as credit evaluation, compliance evaluations and account investigations

What We"re Looking For

CPA designation or equivalent preferred.4+ years of progressive accounting experience, including experience in financial servicesStrong knowledge of IFRS and financial reporting standards.Strong knowledge of fintech operations, including product-ledger reconciliations.Proficiency in accounting software and ERP systems; experience with QuickBooks, NetSuite, or similar platforms.Basic knowledge of SQL for writing data queriesStrong financial acumen, problem-solving and analytical skillsImpeccable accuracy with numbers and high attention to detail Advanced working knowledge of Microsoft ExcelYou are a strong communicator and can effectively convey financial concepts and information to othersYou are a self-starter and can work without supervisionYou are comfortable working through ambiguous situations and managing multiple priorities

People You"ll Be Working With

Dave McKenzie, Head of FinanceCato Pastoll, CEOSarah, Chief of StaffArjun, Director of Product and OperationsHillary Pressman, Credit and Risk LeadChantal Gadjkova, Collections and Credit Specialist

What"s in it for you?

Opportunity to be part of a high-growth FinTech startup.Make a real impact on the business. Competitive salary, opportunity to develop a commission structure, and potential for equity.Chance to work in an energetic, fast-paced, and collaborative startup culture.Being in the office five days a week means you'll drive real-time change and collaborate directly with passionate teammates to make things happen faster.

What we offer

Salary range CAD$100,000-$150,000 annual, commensurate with experience Equity ranging 0.01-0.25%3 weeks vacation Enrollment in group"s health benefits after probation period This role is onsite in our downtown Toronto officeKitchen full of snacks and drinks to keep you going throughout the dayCatered lunch on Mondays (we take recommendations!)

Interview Process

30 minutes video call to discuss the opportunity and the organization with Sarah, Chief of Staff30 minutes video call with Cato, CEO60 minutes in person meeting with two team membersTake home assignment60 minutes in person meeting with Cato, CEO and Co-FounderBackground check and offer

Our Mission, Vision and Values

Mission : To help businesses seamlessly manage money around the world so they can access more markets, save money and simplify their operationsVision : The future of business is global by default. Loop will be the first business bank that is global by default.Values : Act with Urgency, Take Radical Ownership and Be Kind

How to Apply

To apply for this position, please click “apply” and share your resume, alongside a brief paragraph about yourself and your previous experience in finance and controllership.

Loop is committed to creating a diverse culture. We encourage you to apply regardless of who you are or where you came from - what matters is the journey ahead.

PI272492962

Create a job alert for this search