Finance Manager

About Loop

Loop is a fast-growing FinTech high growth startup that enables businesses to seamlessly manage money around the world so our clients can access more markets, accelerate their growth and simplify their operations with the only truly cross-border banking platform. Loop is enabling the next generation of businesses to thrive around the world and we are looking for ambitious people to join our mission.

About The Role

Hi, I'm Dave, Head of Finance, at Loop and I am hiring an up and coming Finance Manager to lead our financial operations and ensure the integrity of our accounting processes. This role will own the bookkeeping and accounting across all our group entities, and oversee the reconciliation of product-specific ledgers, including accounts, credit cards, and loans to ensure Loop meets its customer and regulatory obligations. The ideal candidate will thrive in a dynamic environment and have a deep understanding of fintech operations.

This role is an onsite position at our downtown Toronto office.

Where You Come In

The Finance Manager will have exposure to a variety of finance, accounting, reporting and treasury functions as well as supporting Loop’s compliance and internal audit needs. You will be responsible for managing the day-to-day accounting and treasury operations, ensuring accuracy in financial reporting, and assisting compliance with regulatory requirements.

You will play a key role in the development and implementation of financial policies and procedures, and will have the opportunity to get involved in budgeting, forecasting, and strategic analysis. The ideal candidate has a strong background in accounting within a financial services environment, excellent analytical skills, and comfort operating in a fast-paced startup environment.

Accounting Management

What You'll Be Doing

• Oversee all aspects of the day-to-day accounting function, including all general ledgers, accounts payable and accounts receivable
• Assist the Head of Finance in ensuring accurate and timely monthly, quarterly, and year-end financial accounting process for consolidated and standalone operating and regulated entities
• Conduct complete, accurate and timely accounting, reporting and analysis
• Assist in the management of Financial and KPI reporting requirements for investors and key stakeholders
  
  

Treasury

• Oversee the daily management of Loop’s treasury activities, ensuring all transactions are actioned, recorded and reconciled on a timely basis
• Lead the management and accuracy of product reconciliations, including customer cash accounts and lending accounts
• Action daily treasury activities on a timely basis
• Assist in the preparation and filing of all required daily, monthly and annual reports as required by Loop’s financial partners
  
  

Financial Reporting

• Support the head of finance in the external audit process with the provision of necessary data and reporting, and assisting in with the resolution of audit findings
• Coordinate and manage external audits, ensuring timely completion and resolution of audit findings as well as compliance with regulatory requirements.
• Help maintain and improve internal cross-functional management reporting requirements
• Support the internal risk and compliance functions to ensure Loop is meeting its regulatory responsibilities
• Monitor performance against budgets, analyze variances, and provide actionable insights to other internal teams.
  
  

Provide Additional Cross-Functional Support

• Help with the preparation of budgets, forecasts, financial models and scenario analysis for both the finance team and other teams at Loop
• Provide financial insights and recommendations to senior management to drive business performance.
• Support the Operations and Sales teams with customer related queries related to transactions
• Assist with operational tasks such as credit evaluation, compliance evaluations and account investigations as needed
  
  

What We're Looking For

• CPA designation or equivalent
• 3+ years of progressive accounting experience, including experience in financial services
• Proficiency in accounting software and ERP systems; experience with QuickBooks, NetSuite, or similar platforms.
• Basic knowledge of SQL for writing data queries
• Strong financial acumen, problem-solving and analytical skills
• Impeccable accuracy with numbers and high attention to detail
• Advanced working knowledge of Microsoft Excel
• You are a strong communicator and can effectively convey financial concepts and information to others
• You are a self-starter and can work without supervision
• You are comfortable working through ambiguous situations and managing multiple priorities
  
  

It’s a bonus if you have

• Experience working in FinTech
• Knowledge of fintech operations, including product-ledger reconciliations.
  
  

People You'll Be Working With

• Dave McKenzie, Head of Finance
• Cato Pastoll, CEO
• Sarah, Chief of Staff
• And many more people across the team, visit our LinkedIn page
  
  

What's in it for you?

• Opportunity to be part of a high-growth FinTech startup.
• Make a real impact on the business.
• Competitive salary
• Chance to work in an energetic, fast-paced, and collaborative startup culture.
  
  

What We Offer

• Salary range CAD$90,000-$110,000 annual, commensurate with experience
• Equity ranging 0.01%-0.1%
• 3 weeks vacation
• Enrollment in group's health benefits after probation period
  
  

Interview Process

• 30 minutes video call to discuss the opportunity and the organization with Dave, Head of Finance
• 60 minutes in person meeting with two team members, including a 45 minute in person assignment
• Take home questionnaire
• 30 minute in person meeting with Cato, CEO and Co-Founder
• Background check and offer
  
  

Our Mission, Vision and Values

• Mission: To help businesses seamlessly manage money around the world so they can access more markets, save money and simplify their operations
• Vision: The future of business is global by default. Loop will be the first business bank that is global by default.
• Values: Act with Urgency, Take Radical Ownership and Be Kind
  
  

How To Apply

To apply for this position, please click “apply” and share your resume, alongside a brief paragraph about yourself and your previous experience in finance

Loop is committed to creating a diverse culture. We encourage you to apply regardless of who you are or where you came from - what matters is the journey ahead. Put simply, if you’re unsure about your qualifications for this position, we’d still encourage you to apply!