Senior Accountant - Lending & Funding

8Twelve Mortgage; Markham; On-site; CAD 65,000 - 85,000; Full time

Job summary

A financial services company located in Markham is seeking a Senior Accountant to manage private lending financial records and reconcile trust fund accounts. Ideal candidates should have 4-6 years of accounting experience, particularly in mortgage finance. Join an inclusive team and contribute to dynamic lending operations while enhancing your career in a collaborative environment.

Benefits

Opportunities for growth and development

Collaborative team environment

Qualifications

• 4-6 years of progressive accounting experience.
• Hands-on experience in private lending/mortgage finance accounting.
• Expertise in managing and accounting for trust funds.

Responsibilities

• Manage accurate financial records for private lending activities.
• Administer and reconcile trust fund accounts.
• Process accounts payable and receivable related to lending.

Skills

Attention to detail

Analytical skills

Communication skills

Advanced MS Excel skills

Education

University degree in Accounting or Finance

CPA progress

Tools

QuickBooks

Xero

Job description

About 8Twelve Mortgage Power Network

8Twelve Mortgage Power Network is a fast-growing network of experienced mortgage agents, brokers, and brokerages, serving as a reliable partner for your business. We are committed to providing hands-on training, underwriting, coaching, and ongoing support for independent agents in the industry. Our Power Network offers mentorship, coaching, networking and community events, along with sales and marketing tools. 8Twelve is a rapidly expanding FinTech company dedicated to improving the home buying experience. Our proprietary cloud platform utilizes real-time analytics and automation to access mortgage products efficiently from a centralized platform, offering a marketplace for all borrower needs, whether conventional or private.

About the Role

We are seeking a dedicated Senior Accountant, Lending & Funds, to join our www.8twelve.fund. This is an on-site position based at our Markham office.

Key Responsibilities

1. Manage accurate financial records for private lending activities, including loan origination, repayments, interest, and fees, as well as fund operations like investor payments, redemptions, and new investments.
2. Administer and reconcile trust fund accounts across all business lines, ensuring compliance with regulatory standards.
3. Process accounts payable and receivable related to lending, manage sundry advances, and handle private investor payouts.
4. Handle daily fund investor payments, including reconciling schedules and distributions (e.g., NRT, EQB).
5. Perform comprehensive reconciliations of bank statements, credit cards, borrower/investor ledgers, and internal systems (e.g., QuickBooks, automator, lawyer distributions).
6. Prepare and process journal entries with proper coding for lending and fund activities.
7. Provide financial data and interest calculations for external NAV reporting and assist in reviewing NAV schedules.
8. Ensure compliance with GAAP / IFRS, tax regulations, and industry best practices.
9. Identify and implement process improvements to enhance efficiency and accuracy.
10. Assist the Controller with financial analyses and special projects.

Qualifications

• 4-6 years of progressive accounting experience.
• Hands-on experience in private lending/mortgage finance accounting and investment fund accounting.
• Expertise in managing and accounting for trust funds.
• Proficiency with IFRS and GAAP standards.
• Advanced MS Excel skills; experience with Xero and QuickBooks.
• Strong understanding of intercompany relationships.
• Exceptional attention to detail, organization, and analytical skills.
• Excellent communication skills and ability to thrive in a fast-paced environment.
• High integrity and discretion with confidential information.
• University degree in Accounting or Finance; CPA progress is a plus.
• The successful candidate will work from our Markham location, five days a week.

Benefits

Why Join Our Team?

• A pivotal, hands-on role in a dynamic lending and fund business.
• Collaborative team environment, reporting to the Controller.
• Opportunities for growth and development.
• Located in Markham, Ontario.

We are an equal opportunity employer committed to providing inclusive employment practices in accordance with the Human Rights Code of Canada and the Accessibility for Persons with Disabilities Act of Canada.

Apply now and be part of shaping the future of home financing with 8Twelve!