Analyst, Loan and Insurance Accounting
Who we are:
Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals.
Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig.
Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank.
Join Fairstone as an Analyst, Loan and Insurance Accounting and be part of our talented and growing team!
The ideal candidate should have knowledge of the workings of a financial institution, an understanding of consumer lending and related optional Insurance products. The individual needs to demonstrate a quick ability to manage fixed assets and insurance procedures and work with various departments, system and products.
About the role:
- Assist in analyzing financial results, preparing variance analysis and ensuring timely and accurate financial and management reporting.
- Accounting for Fixed Assets and optional Insurance products, this includes but not limited to
- Calculation and booking of commissions on sale of insurance products
- Management of Insurance cash settlement processes with Vendors.
- Monitor controls around accounting of all loan products and optional Insurance products
- Assist branch network with accounting related queries for optional products.
- Work closely with Cash reconciliation team to ensure that all cash is accounted for appropriately.
- Perform account reconciliations by ensuring that guidelines and policies around accounting processes are adequate and effective, and all balances are substantiated by proper documentation.
- Present financial results for the option insurance oversight committee; and implement new regulations working closely with to external vendors and legal department.
- Continually review existing procedures (establishing new policies where needed) to incorporate change in reporting and accounting requirements.
- Support the reporting team during external / internal audits
WHO ARE WE LOOKING FOR
- Bachelor’s degree in Accounting or Finance.
- A professional accounting designation, a plus.
- Relevant work experience (5 years or more), at a large financial institution and working for a multinational corporation.
- Detail oriented with excellent problem solving and strong analytical skills.
- Data mining experience desired.
- Strong accounting fundamental skills.
- Ability to network and communicate effectively across levels and departments.
- Team player but must have the ability to work independently and meet strict timelines.
- Solid oral and written communication skills.
- Proficient in MS Office, specifically advanced skills in Excel.
What you’ll love about working here:
Award-Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025 by Canada’s Top 100 Employers.
Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.
Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being.
Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance.
Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.
Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match.
Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
On-Site Fitness: Gym access at our London and Montreal offices.
Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
Family Support: Parental leave top-up program to help you during life’s big moments.
Community Impact: One paid volunteer day to give back to causes that matter to you.
For more information on who we are as an employer click here.
If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.
Learn more: https://www.fairstone.ca/en/about/canadian-lender
Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/
If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.
Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.
Time Type:
Full time