Financial Planner and Analyst

AccountingFull TimeOntario

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Position: Financial Planner & Analyst

Reports To: Controller

Company: Magenta Capital Corporation

Supervises: 0

Location: Remote, WFH

Travels: 0%


About Magenta


Magenta is one of Canada’s largest and most established Canadian Mortgage Investment Companies on the verge of an exciting scale-up. Since 1994, Magenta Capital Corporation has provided flexible mortgage solutions that truly help our borrowers. As a leader in the alternative mortgage lending space, we partner with brokers to solve their client’s short-term credit challenges and facilitate their return to traditional lending channels. Magenta sources, underwrites, and manages a portfolio of mortgages secured by properties located in Ontario.

Most importantly, Magenta is now poised to make a giant leap forward in its corporate evolution as it takes advantage of the generational opportunity in the alternative mortgage market. If you are a dynamic professional with an entrepreneurial spirit that wants to be an integral part of this unique opportunity, then we want to meet you.


About your role


Reporting to the Controller, the Financial Planner and Analyst will enhance the capabilities of the team and assist them with their daily tasks and reporting requirements. The ideal candidate for this role is an enthusiastic, detail-oriented multi-tasker who thrives in a fast-paced, entrepreneurial environment.


What you’ll work on:


· Work with senior leadership team to prepare annual budgets and quarterly reforecasts

· Prepare monthly and quarterly results package, identifying variance analysis of actual spend to budget and provide useful insight

· Prepare annual forecast for multiple entities, incorporating market data and tracking financial covenant compliance

· Prepare stress testing and effectively communicate results

· Prepare various forecasts including yields, volumes, and weighted average cost of capital and effectively communicate results

· Prepare key financial metrics dashboard monthly

· Key point of contact for creating/preparing financial reports and info for various department leads across the organization, as well as responding to financial inquiries in a timely manner

· Develop new processes to increase accuracy and efficiencies within the finance department

· Develop new financial models to provide further insight into business risks and opportunities

· Provide ad-hoc support for forecasting projects with Director, Analytics

· Provide ad-hoc support for finance projects with Controller

· Prepare variance analysis and explain why these variances occurred

· Assist senior management with ad-hoc requests, special projects and new initiatives as required


What you need:


· Minimum of 3-5 years’ experience in a similar role

· Experience working in a small-medium sized office environment

· University Degree in a relevant field or equivalent experience

· Bachelor’s degree in finance, accounting, or business administration

· Excellent Excel skills

· Excellent communication skills

· Strong problem solving and critical thinking skills

· Ability to manage multiple priorities

· Covid-19 proof of vaccination


What you should have:


· Previous experience in similar financial analysis role is an asset

· Knowledge of analytical language/program is an asset (e.g. R or Python)

· Professional accounting designation (CPA) preferred


What we offer you:


· Competitive salary commensurate with experience

· Employee Share Purchase Plan (“ESPP”) – be an owner

· Employer-paid benefits

· Flexible work arrangements

· Licensing, training, and certification reimbursement as necessary

· An entrepreneurial environment with the opportunity to collaborate across business functions

· Cross-business unit training for succession planning and advancement within the company


A Message from our founder and CEO:


“If you believe that tomorrow matters,

If you and only you can define your tomorrows and write your own unique, epic life story,

If you want to be part of a dynamic team with that shared conviction,

If you want to be part of a great Canadian business success story,

If you want to be an owner and not just an employee,

Then we want to meet you”



~Gavin Marshall~


If you are committed to tomorrow, please send your resume to cthrussell@magentainvestment.ca

We are committed to an inclusive, barrier-free recruitment and selection process, and work environment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). We will be happy to assist applicants requesting accommodation at any stage of the hiring process.