Controller in Toronto, Ontario at Magenta Capital Corporation

Position: Controller Reports To: Vice President, Finance & Accounting and Chief Compliance Officer

Company: Magenta Capital Corporation Supervises: 5

Location: Toronto, Ottawa, Perth, Travels: 0%

About Magenta

Since 1994, Magenta has been one of Canada’s leading residential private Mortgage Investment Companies (MIC). Our purpose is to connect people with opportunities to build a better tomorrow. We manage a portfolio of primarily residential first mortgages secured by properties located in Ontario. As a leader in the alternative mortgage lending space, Magenta provides easy and reliable financing solutions for brokers servicing the needs of alternative borrowers. Magenta also provides personalized service and reliable income for investors who are looking for an investment that delivers attractive returns and generates wealth.

Magenta is a Great Place to Work certified company with a culture of innovation, inclusivity, and empowerment. We offer a rewarding career opportunity that includes a competitive compensation package and hybrid work environment (3-days in office). 

Magenta is positioned to leverage its track record, core competencies, and market position to seize opportunities in the alternative mortgage market. We are looking for curious and industrious professionals who want to make meaningful contributions and value personal growth and professional development.

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~

About your Role

The Controller is responsible for leading the accounting, financial reporting, treasury, budgeting, and financial compliance functions for Magenta Capital Corporation ("MCC") and Magenta Mortgage Investment Corporation ("MMIC"). This role ensures the integrity of financial information, supports strategic decision-making, maintains effective internal controls, and oversees all regulatory, lender, investor, and audit reporting requirements.

Reporting to the Vice President, Finance & Accounting and Chief Compliance Officer, the Controller will play a key role in supporting the continued growth of both entities through strong financial stewardship, process improvement, and leadership of the finance team.

What you’ll work on:

Financial Reporting, Accounting and Taxation

• Oversee all accounting operations for MCC and MMIC, including general ledger, accounts payable, and month-end close. Review journal entries, account reconciliations, and supporting schedules.
• Ensure timely and accurate preparation of monthly, quarterly, and annual financial statements in accordance with IFRS.
• Maintain accounting policies and procedures and ensure consistency across both entities.
• Prepare management reporting packages and financial analyses for executive leadership and the Board of Directors.
• Ensure compliance with applicable tax, regulatory, and corporate filing requirements liaising with external tax consultants.
• Oversee GST/HST filings, T4/T5 reporting, corporate tax support, and annual information returns

Treasury & Cash Management

• Manage daily cash flow, liquidity forecasting, and banking relationships.
• Monitor borrowing facilities and lender covenants.
• Support financing activities, including credit facility renewals and lender reporting requirements.

Budgeting, Forecasting & Financial Planning

• Lead annual budgeting and periodic forecasting processes.
• Develop financial models to support strategic planning and growth initiatives.
• Analyze operating results against budget and forecast, identify key variances, and provide actionable recommendations to management to control expenses.

Audit & Stakeholder Reporting

• Lead annual external audits and coordinate all audit deliverables.
• Act as the primary finance contact for auditors, tax advisors, lenders, and external stakeholders.
• Support compliance with lender, investor, and regulatory reporting requirements. Prepare and review lender covenant calculations and compliance certificates.

Internal Controls & Process Improvement

• Develop, implement, and maintain effective internal controls and risk management processes.
• Identify opportunities to improve efficiency through automation and process enhancements.
• Ensure segregation of duties and strong control practices across finance operations.
• Support system implementations and finance transformation initiatives.

Leadership & Team Development

• Lead, mentor, and develop the accounting and finance team.
• Establish performance objectives and support professional development.
• Foster a collaborative, accountable, and service-oriented culture.
• Drive continuous improvement across financial processes and reporting.

What you should have:

What we offer you:

If you are committed to tomorrow, please send your resume to hr@magentacapital.ca.

While we thank all candidates who apply, only those who best match the above criteria will be contacted.

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.

Compensation: The expected base salary for this position is between $100,000 to $120,000 annually, commensurate with experience, qualifications, and demonstrated abilities.

Vacancy Status: This posting is intended to fill an existing vacancy.

Artificial Intelligence Disclosure: Magenta Capital Corporation may use technology-based tools, including artificial intelligence-assisted technologies, to support portions of the recruitment and selection process, including the screening, assessment, and evaluation of applications.