Analyst, Investment Accounting

Brookfield Asset Management; Toronto; On-site; CAD 65,000 - 85,000; Full time

Job summary

A leading financial services provider is seeking an Analyst for Investment Accounting in Toronto. This role involves supporting various investment products, ensuring compliance with accounting principles, and participating in quarterly financial reporting. Ideal candidates will have 2-3 years of experience in finance and strong proficiency in Microsoft Office tools. They value teamwork and commitment to professionalism.

Qualifications

• 2-3 years of experience in Finance (accounting or corporate finance).
• Understanding of US GAAP and Statutory accounting.
• Self-motivated and proactive with the ability to operate independently.

Responsibilities

• Monitor new trades and validate transaction details.
• Understand US GAAP and ensure accurate recording.
• Support the development of effective internal controls.

Skills

Proficiency with Microsoft Office tools

Judgement and analytical skills

Organizational skills

Strong communication skills

Team-oriented

Education

Degree in finance, accounting or related business discipline

Completed CPA, CFA or related designation

Tools

Microsoft Excel

Power BI

SQL

Job description

Overview

Location Brookfield Place - 181 Bay Street

Business - Wealth Solutions
Brookfield Wealth Solutions ("BWS"; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.

Brookfield Culture
Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Brookfield Wealth Solutions ("BWS"; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection and tailored capital solutions. With approximately $135 billion of insurance assets, BWS is the public vehicle of Brookfield’s newest core pillar. Through its operating subsidiaries, BWS offers a broad range of insurance products and services with a focus on retirement solutions. By leveraging its diversified, A-rated insurance companies, BWS provides more options and guaranteed returns to individuals and institutions. BWS’ assets are managed by Brookfield Asset Management (NYSE/TSX: BAM), Brookfield’s leading global alternative asset manager with over $1 trillion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit.

The Analyst, Investment Accounting, will be a key contributor of BWS’s growing team and will report to our Director, Investment Accounting. The role is based in Brookfield’s Toronto offices at Brookfield Place.

The role provides support across a broad range of traditional and alternative investment products including Corporate and Government Bonds, Private Loans, LPs, and Third-Party Funds in a variety of investment structures. The Analyst will work closely with internal teams responsible for Investment Operations, Portfolio Management, Financial Reporting, and Risk Management, and will often interact with various external parties such as BWS’s SaaS system providers, auditors, and others to ensure BWS’s investments are accounted for in accordance with relevant GAAP and US-Insurance statutory accounting principles. This will involve routine exercises as well as project-based initiatives aimed at developing and applying accounting policies, supporting deal flow, and ultimately delivering complete and accurate financial information for downstream users.

Responsibilities

• Monitoring new trades and validating security master file (SMF) data and transaction details.
• Reviewing initial set-up for book yields, and monitoring on an ongoing basis.
• Understanding US GAAP and Statutory treatment described in policy memos, and helping to ensure they are recorded accurately.
• Routine reconciliations, including investment payables and receivables balances, unapplied cash suspense and various P&L accounts; and other routine exercises to support month-end closing, such as accounting header elections, account hierarchy checks, pricing consistency, asset classification consistency, etc.
• Quarterly financial reporting exercises such as preparation of financial packages, income reasonability checks, reviews of externally provided cashflows, supporting the application of FAS 91 and FAS 157 analysis, etc.
• Participating in securities’ ratings workflow to support compliance with insurance regulatory requirements.
• Supporting the development and maintenance of effective internal controls, and corresponding processes such as SOX key controls documentation and process walkthroughs.
• Supporting audit and ad-hoc requests as needed, and other special duties and projects as assigned.

Qualifications & Requirements

• Above-average proficiency with Microsoft Office tools (Excel, Power Query, Power BI, VBA) and other tools such as SQL to transform and analyze very large data sets.
• Experience with US GAAP and Statutory accounting.
• Minimum 2-3 years of experience in Finance (accounting, treasury, corporate finance, capital markets).
• Judgement, critical thinking and analytical skills combined with attention to detail and thoroughness.
• Organizational skills to effectively manage priorities, multi-task where necessary to meet timelines.
• Demonstrated ability to own and improve processes.
• Self-motivated and proactive with the ability to operate independently.
• Strong communication and collaborative skills, written and oral.
• Interpersonal skills and ability to develop collaborative relationships at all levels in the organization.
• Team-oriented with a commitment to shared success above personal accomplishment or recognition.
• Degree in finance, accounting or related business discipline.
• Completed CPA, CFA or related designation, or working towards qualification.
• Insurance sector experience and knowledge of insurance reporting requirements is an asset.
• High degree of professional ethics and integrity.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment. Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.