Job Description
Founded in 2011, CanCap Group (“CanCap”) is a growing, dynamic national financial services company with offices in downtown Toronto and Mississauga. Operating in all provinces and territories, CanCap’s core business is loan origination and servicing primarily in the automotive and consumer finance space with end-to-ed multi-product lending capabilities, which has been built on a foundation of best- in-class people and processes. It manages the entire lifecycle of the receivable from credit adjudication through to contract administration, customer service, default management and post charge-off recoveries. CanCap has a highly experienced leadership team and strong partnerships with some of Canada’s largest financial institutions.
CanCap has made significant investments in its operations, IT infrastructure and processes to allow for robust, scalable and efficient on-going growth of origination and servicing activity across the consumer finance spectrum. CanCap’s excellence has also been recognized by a Schedule I bank whereby it is the primary partner for outsourcing a full line of business, the primary source of direct auto loan referrals, and for creating a unique consumer lending business platform. CanCap has also been recognized by another Schedule I bank as a partner for outsourcing repossession and remarketing services for its auto receivable portfolio.
Job Description
CanCap has the immediate need for a skilled and energetic Senior Financial Analyst, reporting to the Senior Manager, Finance & Operations. The Senior Financial Analyst will play an important role in ensuring the integrity of CanCap’s financial reporting, maintaining robust internal controls, and delivering timely, accurate financial information to support decision-making. This includes:
- Financial Reporting & Close Process
- Completion of full cycle accounting activities under ASPE and IFRS accounting standards including, preparation or review of monthly journal entries and supporting schedules
- Lead and support the month-end and year-end close processes across multiple entities.
- Analyze financial results and variances, providing clear commentary on business performance.
- Prepare monthly, quarterly, and annual financial reports for internal stakeholders and senior management.
- Balance Sheet Integrity & Reconciliations
- Perform detailed balance sheet reconciliations monthly, ensuring completeness and accuracy.
- Investigate and resolve discrepancies in a timely manner.
- Maintain supporting documentation and ensure audit readiness of all reconciliations.
- Continuously improve reconciliation processes through standardization and automation.
- Preparation of monthly/quarterly/annual tax reporting (indirect taxes, corporate and partnership taxes)
- Support annual external audit compiling required data and information and liaising with external audit team
- Assist with implementation of automation and efficiency improvement opportunities
- Reconciliation of intercompany accounts
- Proactively identify and address the root cause of issues encountered during performance of tasks / analytical reviews and communicate effectively – orally and in writing
- Cross-Functional Collaboration -
- Working closely with Operations, Finance Operations, Accounts payable and other business units to gather financial data and provide insights.
- Communicate financial information clearly to non-finance teams.
- Process Improvement & Technology Utilization
- Identify opportunities to improve efficiency, accuracy, and scalability of financial processes.
- Leverage financial systems, ERP tools, and data analytics platforms to streamlining workflows.
- Support automation initiatives and digital transformation within the finance function.
- Champion best practices in data management and reporting.
- Other projects, duties, and tasks as assigned from time to time
What you bring
- 3+ years relevant work experience in the financial services field
- Full cycle accounting experience
- Post-secondary education with a specialization in Finance or Accounting
- Advanced knowledge of Microsoft Excel (VLOOKUP, XLOOKUP, pivot tables, etc.)
- CPA or CPA equivalent designation is an asset, but not a must
- Experience working in a multi-entity or complex organizational structure is an asset.
- Experience with Sage 300 ERP or similar accounting software is an asset
- Excellent verbal and written communication skills - ability to present financial information clearly.
- Adaptability & Learning Agility: Ability to quickly understand new concepts, systems, and business models in a fast-paced environment.
- Team Collaboration: Proven ability to work effectively within a team environment and across departments.
- Ownership & Accountability: Takes initiative and responsibility for delivering high-quality work within deadlines.
- Upbeat and results-oriented
Additional Information
Location of employment is at 11 Church Street, Toronto, ON, M5E 1M2.
To be considered for employment, you will need to successfully pass a criminal background check and validate your work experience.
The CanCap Promise
Our Employee Experience is aimed at supporting and inspiring our talented team via significant professional growth with wide depth and breath of exposure to a growing company with evolving financial processes.
Next Steps
Building teams is key to CanCap’s growth. Hence, we’ve taken time and effort to be purposeful and thoughtful with our job posting. Please take time to do the same with your application. Help us understand how you see your work experience as relatable to this job posting.
Thank you for your time. Only candidates who possess the experience, skills, and qualifications outlined above will be contacted for next steps in the hiring process.
Diversity & Inclusion
The CanCap Group and its subsidiaries are equal opportunity employers and value diversity. We are committed to building and evolving a team reflecting a variety of backgrounds, perspectives, and skills.