Controller

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.

Hi, I'm Cato, CEO at Loop, and I am hiring a Controller to manage accounting operations, ensuring accuracy in financial reporting, and maintaining compliance with regulatory requirements. This role is an onsite position at our downtown Toronto office (Adelaide and Spadina).

Where You Come In

The Controller 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 company's accounting operations, ensuring accuracy in financial reporting, and maintaining compliance with regulatory requirements.

You will play a key role in the development and implementation of financial policies and procedures, and provide critical support in budgeting, forecasting, and financial analysis. The ideal candidate has a strong background in accounting, excellent analytical skills, and experience in a high-growth environment.

What You'll Be Doing

Accounting Management:

• Oversee all aspects of the accounting function, including accounts payable, accounts receivable, general ledger, payroll, and tax compliance.
• Maintain and reconcile balance sheet and income statement accounts.
• Ensure 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
• Manage Financial and KPI reporting requirements for investors and key stakeholders
• Actively track Loop's key metrics and provide regular reporting and analysis to our leadership team

Treasury:

• Supporting Loop's payment and treasury management function by ensuring all transactions are recorded and reconciled on a timely basis
• Prepare and file all required daily, monthly and annual reports as required by Loop's financial partners

Financial Reporting:

• Develop and maintain financial reporting systems to meet the company's needs and compliance requirements.
• Coordinate and manage external audits, ensuring timely completion and resolution of audit findings.
• Prepare and respond to all external and internal audit requests and regulatory reporting requirements
• Support the internal compliance function to ensure Loop is meeting its KYC, AML and Compliance duties

Internal Controls:

• Develop, implement, and maintain effective internal control policies and procedures to safeguard company assets.
• Conduct regular reviews and updates of internal controls to ensure compliance and mitigate risks.
• Oversee compliance with all federal, state, and local financial regulations and reporting requirements.

Budgeting and Forecasting:

• Collaborate with the various teams to prepare annual budgets and financial forecasts.
• Monitor budget performance, analyze variances, and provide actionable insights to management.
• Assist in the development of long-term financial plans and strategies.

Financial Analysis:

• Perform financial analysis to support business decisions, including cost analysis, profitability analysis, and capital investment evaluations.
• Provide financial insights and recommendations to senior management to drive business performance.
• Support the development of financial models and scenario analysis.

Provide Additional Cross-Functional Support:

• Support the Operations and Sales teams with customer related queries related to transactions
• Provide support on special projects in collaboration with the Leadership team as require
• Assist with operational tasks such as credit evaluation, compliance evaluations and account investigations

What We're Looking For

• Bachelor's degree in Accounting, Finance, or a related field
• CPA or CMA (or international equivalent) certification or working towards one.
• 4+ years of progressive accounting experience, including experience in a leadership role, ideally in a FinTech or startup environment.
• Proficiency in accounting software and ERP systems; experience with QuickBooks, NetSuite, or similar platforms preferred.
• Strong financial acumen, problem-solving and analytical skills
• Impeccable accuracy with numbers and high attention to detail
• Advanced working knowledge of Microsoft Excel, GSuite and using cloud accounting software
• You have strong analytical skills and are able to work in a fast-changing environment
• You are a strong communicator and can effectively convey financial concepts and information
• You are a self-starter and can work without supervision
• You are comfortable working through ambiguous situations and managing multiple priorities

People You'll Be Working With

• Nikhil Nampalli, Head of Credit Products
• Hillary Pressman, Credit and Risk Lead
• Chantal Gadjkova, Collections and Credit Specialist

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, opportunity to develop a commission structure, and potential for equity.
• Chance to work in an energetic, fast-paced, and collaborative startup culture.

What we offer

• Salary range CAD$100,000-$120,000 annual, commensurate with experience
• Equity ranging 0.01-0.05%
• 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 Anthony, Head of Finance and Compliance
• 60 minutes in person meeting with two team members
• Take home assignment
• 60 minutes 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

Launch your sales career with Loop! Click on the "apply" button and include a brief introduction [insert requirement]

At Loop, diversity drives innovation. We believe unique perspectives lead to a better future and encourage candidates from all walks of life to apply. If you have the drive and determination, we want to hear from you!