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.
It also manages a group of private credit funds which support the investment structure of loans we originate and portfolio manage. The funds provide asset-backed financing across non-prime auto, consumer and merchant lending verticals. As the platform grows, we are building out a dedicated portfolio analytics and structured finance function to support disciplined cashflow forecasting, capital structuring, fundraising, stakeholder reporting and investor relations.
Job Description
CanCap has the immediate need for a skilled and energetic Senior Financial Analyst, reporting to the Manager, Finance. The Senior Financial Analyst will play an important role in the CanCap’s accounting, financial and funder reporting team. This role will also support the Manager, Finance oversee the fund's capital structure, translate pool-level loan performance into projected cashflows, evaluate expected returns, monitor collateral and cashflow coverage for lenders, and delivering advance analytics and insights to investors and business leaders.
Key Responsibilities
Funder & Financial reporting:
- Completion of full cycle accounting activities under ASPE and IFRS accounting standards such as:
- Preparation or review of monthly journal entries and supporting schedules
- Reconciliation of key balance sheet accounts
- Reconciliation of clearing accounts and identify/resolve variances
- Assist with the preparation of annual financial statements and related note disclosures
- Preparation of monthly funder reporting packages.
- Preparation of monthly tranches of loan receivables for submission to the funders to obtain securitized debt and coordinate with the funders for related documentation
- Proactively identify and address the root cause of issues encountered during performance of tasks / analytical reviews and communicate effectively – orally and in writing
- Assist with implementation of automation and efficiency improvement opportunities
- Support annual audit and funder site audits by compiling required data and information
- Other projects, duties, and tasks as assigned from time to time
Cashflow Modeling & Portfolio Analytics
- Maintain, and continuously refine loan-level and pool-level cashflow models for auto loan portfolios.
- Project fund-level and deal-level cashflows to support forecasting, liquidity planning, and capital call/distribution timing.
- Track actual portfolio performance against modeled assumptions and recalibrate models based on observed trends.
- Translate model output into clear, decision-ready investor materials - fund performance decks, quarterly reporting packages, and ad hoc analyses for existing and prospective LPs.
Required Skills & Competencies
- 5+ years relevant work experience in the financial services field
- Full cycle accounting experience
- Post-secondary education with a specialization in Finance, Accounting or a related field
- Advanced Excel skills - complex formulas and scenario/sensitivity toggles. VBA or Power Query experience is an asset
- CPA or CPA equivalent designation is an asset, but not a must
- Experience with Sage 300 ERP or similar accounting software is an asset
- Self-directed and comfortable owning a workstream end-to-end in a lean, entrepreneurial team environment.
- Excellent verbal and written communication skills
- Agile and analytical problem-solving capacity
- Pride in achieving a high degree of accuracy within a fast-paced environment
Additional Information
Currently, this is a hybrid role that will be set-up for in office and remote work. You will be required to work in the office as advised by your manager. This may be adjusted at any time at the discretion of CanCap with reasonable notice. 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.
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.
