Securitization Analyst

The core parts of your role would be to:

• The main activities of this position will be focused around the administration, accounting, reporting, and financial analysis of the Bank’s securitization activities. 
• Accounting for the issue and settlement of new NHA MBS pools.
• Prepare monthly investor reporting such as CMHC 2840’s and payments to the Central Payor and Transfer Agent (CPTA)
• Develop an understanding of and adhere to the Bank’s policies and procedures as it relates to compliance with CMHC’s NHA MBS and CMB Guidelines
• Develop an understanding of securitization profit calculations and accounting.  Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards. 
• Key contributor to the financial statement close process through the preparation of monthly accounting schedules
• Assist in the preparation of month-over-month variance analysis in financial results and program profitability
• Respond to accounting inquiries, providing ad hoc analysis for use in management decisions
• Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications
• Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders
• Interact with other departments and external stakeholders
• Identify opportunities for process improvement and assist in the implementation of recommended changes


Internal interactions may include but are not limited to:
• Accounting group
• Capital Markets
• Treasury
• Prime Single Family and Commercial Lending
• Compliance and Internal Audit
• IT,  BA and Project Management
• Financial Reporting
• Financial Operations


External interactions may include but are not limited to:
• Strategic partners and service providers
• CMHC
• Computershare
• External auditors
• CDS

Let’s Talk About You!

• Formal Education
• University/College undergraduate degree in Business Administration/Commerce; Accounting focus preferred
• Pursuing professional designation in Accounting (CPA)


Related Experience
• A minimum of 3 -5 years of experience in accounting or financial reporting at a financial institution
• Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset
• Strong technical aptitude, with an understanding of cash flow modeling
• The ability to work independently and engage across the organization
• Experience with the execution of complex financial reporting requirements, preferably securitization related
• Experience in the mortgage industry and securitization preferred
• Experience with data management and reporting systems
• Experience in process development and controls management


Specific Attributes
• Possesses strong analytical abilities and very detailed oriented
• Outstanding interpersonal skills with ability to build solid relationships with other members of Finance department, business unit representatives, and internal and external stakeholders
• Excellent verbal and written communication skills, with the ability to communicate clearly and concisely
• Strong organizational skills with the ability to prioritize multiple tasks, competing priorities and meet tight deadlines within a fast-paced environment
• Independent thinker and self-starter who will be able to work independently and exercise good professional judgment
• Ability to identify and drive process improvements, maintaining a strict control environment
• Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems)

Job Complexities/Thinking Challenges:

• The ability to learn quickly and develop knowledge and understanding of mortgage securitization through the CMHC NHA MBS and CMB programs.
• The Securitization Analyst is expected to develop a strong understanding of the Bank’s various other securitization operations and accounting.
• The Securitization Analyst must gain an understanding of complex and nuanced transactions.
• Must be able to communicate clearly and provide thoughtful insights.