Analyst, Fund Operations

Guardian Capital Group; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading investment management firm in Toronto is seeking a Fund Operations professional to oversee daily fund operations, manage the relationship with service providers, and ensure accurate financial reporting. Ideal candidates will have at least 2 years of experience in the investment industry, proficiency in investment fund accounting, and exceptional Excel skills. Strong organizational and interpersonal abilities are essential in this role.

Qualifications

• 2 years of experience in pooled fund administration.
• Successful completion of the Canadian Securities Course is an asset.
• Strong knowledge of custody and record keeping.

Responsibilities

• Manage daily fund operations related to NAV with service providers.
• Coordinate annual audit and T3 returns.
• Support internal parties with financial reporting.

Skills

Investment fund accounting

Microsoft Excel

Problem-solving skills

Organizational skills

Interpersonal skills

Education

Post-secondary degree in business

Tools

Eagle accounting platform

VBA

Python

Job description

JOB STATEMENT: Guardian Capital Group Limited (Guardian) is a global investment management company servicing institutional, retail and private clients through its subsidiaries. As of December 31, 2024, Guardian had C$169.0 billion of total client assets while managing a proprietary investment portfolio with a fair market value of C$1.2 billion. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of authenticity, integrity, stability and trustworthiness have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visit www.guardiancapital.com.

Our asset management division, Guardian Capital LP, is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Guardian Capital LP manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds.

Reporting to the Senior Manager, Fund Operations the main responsibility of this position is to support all Fund Operations for Guardian Capital LP, overseeing administrative responsibilities for the pooled funds, mutual funds, liquid alternative, exchange-traded funds, offshore funds, and the real estate fund managed by Guardian. Key attributes for a successful candidate are supervisory experience, organizational skills, along with expert knowledge of funds.

The position will have numerous tight deadlines throughout the day and manage ongoing projects to support the expansion of Guardian Capital LP retail business with a wide mandate of duties.

ESSENTIAL FUNCTIONS

Trade Operations

• Maintaining the IBOR system (Pacers);
• Daily custody cash and position reconciliation;
• Managing the trade flow;
• Maintaining and opening local markets with custodian;
• Calculating hedge ratios;
• Reviewing margin or collateral requirements; and
• Calculating iNAV and associated custom baskets as required.

Fund Operations

• Managing the daily fund operations related to NAV with 3rd party service providers;
• Reviewing and authorizing fund payments;
• Coordinating annual review of MER with the Senior Management team and provide input on estimated MER;
• Calculating profitability of each fund and forecasting;
• Calculating any management fee rebates;
• Calculating and review performance fees or carried interest;
• Monitoring fund expense and perform quarterly expense analysis;
• Coordinating complex transactions and any fund accounting activities;
• Periodically updating and reviewing operational procedures;
• Relationship management with all 3rd party service providers;
• Coordinating new fund launches and fund activities;
• Serving as a subject matter expert to support internal parties within Guardian Capital LP;
• Supporting prospectus renewals;
• Coordinating record keeping for investors; and
• Coordinating the annual audit.

Distributions and Tax

• Calculating of monthly, quarterly, annual fund distributions;
• Monitoring tax positions related to income and capital gains;
• Coordinating annual taxable distributions;
• Coordinating annual reporting of T3 to internal and external parties;
• Coordinating annual PFIC reporting;
• Reviewing T3 returns; and
• Coordinating HST calculation and blended rates.

Financial Reporting

• Responsible for interim and annual financial statements and MRFP;
• Supporting ETF and Fund Facts creation;
• Assisting internal Guardian Capital LP parties to disseminate reporting; and
• Assisting in fund performance review.

QUALIFICATIONS

• Post-secondary degree in business, or equivalent
• Minimum of 2 years of experience within the investment industry focusing on pooled fund administration
• Successful completion of the Canadian Securities Course is an asset
• Strong investment fund accounting, custody, and record keeping knowledge
• Exceptional knowledge of Microsoft Excel; VBA and python experience are an asset
• Strong tax understanding
• Effective problem-solving skills with the ability to work independently
• Strong interpersonal and organizational skills as well as the ability to work towards deadlines
• Knowledge of Eagle accounting platform is a plus

COMPENSATION

• Commensurate with experience