Senior Financial Analyst, Accounting Operations & Optimization

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.

OUR VALUES, OUR PASSION

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Customer-Focused. Passionate Advocates
• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving
• Be Exceptional. Inspire Greatness

POSITION SUMMARY

The Senior Financial Analyst, Accounting Operations & Optimization, is a key member of the accounting operations team responsible for maintaining the integrity of the Bank’s general ledger and financial reporting processes while leading process modernization and automation initiatives. This role owns critical aspects of the month-end, quarter-end, and year-end close cycle, including journal entries, balance sheet reconciliations, financial statement support, and regulatory reporting where applicable.

The successful candidate will operate independently, collaborating closely with Financial Planning & Analysis, Treasury, Tax teams and other cross-functional stakeholders to ensure accurate and timely close. This individual will actively participate in the Finance transformation by designing more efficient, system-driven processes, leveraging Workday capabilities, and reducing manual effort – while remaining hands-on with day-to-day accounting tasks.

This role offers exposure to senior leadership and multiple finance functions, providing opportunities to influence strategic decisions and drive meaningful improvements across the Bank.

Your work will directly improve the speed, accuracy, and scalability of Finance operations, enabling the Bank to grow efficiently while maintaining strong controls and regulatory compliance.

MAJOR ELEMENTS OF THE ROLE

General Ledger and Accounting Financial Close

• Execute month-end, quarter-end, and year-end journal entries, including mortgage, derivatives, accruals, amortization, and consolidation.
• Perform accounting for mortgage portfolios, including interest income recognition, securitization, and impairment analysis.
• Collaborate with Treasury, Tax and Operations teams to ensure complete and accurate financial results.
• Complete balance sheet reconciliations accurately and on time.
• Handle intercompany accounting and eliminations as needed.
• Ensure compliance with IFRS and internal accounting policies, contributing to the adoption of new accounting standards.
• Continuously identify opportunities to streamline and automate recurring journal entries, reconciliations, and reporting tasks.
• Redesign workflows to reduce manual effort, shorten close timelines, and strengthen system-enabled controls, while remaining hands-on with daily accounting tasks.
• Implement system-driven solutions to improve efficiency, data integrity, and accuracy, without stepping away from day-to-day responsibilities.
• Leverage Workday reporting tools and data analytics to identify trends, inefficiencies, and opportunities for automation.

External Reporting

• Support quarterly and annual financial statement preparation, including note disclosures and supporting schedules
• Prepare working papers and documentation for internal, external audits and 1B teams

Cross-Functional Collaboration & Process Improvement

• Lead the month-end, quarter-end, and year-end close process, coordinating schedules and activities with Treasury, Financial Planning, and Tax.
• Communicate financial results and issues clearly to stakeholders, ensuring timely resolution of reconciling items.
• Support internal control testing and governance around financial reporting processes.
• Collaborate with cross-functional teams to identify process inefficiencies and implement system-driven improvements.
• Act as a change agent by promoting automation, workflow optimization, and adoption of Workday capabilities while remaining engaged in hands-on accounting activities.
• Drive continuous improvement initiatives that strengthen controls, shorten close timelines, and improve data accuracy.

SKILLS AND EXPERIENCE REQUIRED

Qualifications

• Professional Accounting Designation – CPA, CA
• Progressive experience in financial accounting within the financial services or banking industry
• Strong knowledge of IFRS, including existing and upcoming standards
• Hands-on experience managing month-end, quarter-end, and year-end close processes
• Experience with Workday or other ERP systems; familiarity with system configuration and automation a plus
• Demonstrated experience leading process improvement, workflow optimization, or ERP-related initiatives
• Proficiency in MS Office, with advanced Excel skills
• Familiarity with public company reporting standards is an asset

Attributes

• Strong problem-solving and analytical skills, with attention to detail and accuracy
• Growth mindset with a willingness to challenge the status quo and drive meaningful change
• Hands-on, accountable, and organized; able to manage multiple priorities independently
• Systems-oriented thinker who seeks root-cause solutions and process improvements
• Comfortable operating in evolving environments and leading modernization initiatives within Finance
• Excellent verbal and written communication skills, with the ability to influence and collaborate across all levels of the Bank
• Proactive in identifying opportunities to streamline workflows, automate tasks, and strengthen controls

WORKING CONDITIONS UNIQUE TO JOB

• Hybrid work environment

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities

We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks (for eligible employees)

• HomeEquity Bank offers a a competitive total rewards package that includes:
• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know

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Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.

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