Accountant (Mutual Funds, Tax)

Bank; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

A leading banking client in Toronto is seeking a Contract Accountant specializing in Mutual Funds and Tax. This role involves validating financial reporting, ensuring compliance with regulatory requirements, and requires a strong understanding of taxation issues. Ideal candidates will possess analytical skills, attention to detail, and relevant educational qualifications.

Qualifications

• Experience with fund accounting and tax regulations is essential.
• Previous experience in the investment industry is an asset.

Responsibilities

• Ensure accurate and timely preparation of financial statements.
• Review T3 and T2 Returns compliance with tax laws.
• Analyze accounting and tax impacts of corporate actions.

Skills

Analytical skills

Attention to detail

Verbal communication

Written communication

Critical thinking

Education

University degree or equivalent

Canadian Securities Course or IFIC designation

Tools

Microsoft Excel

Microsoft Word

PowerPoint

TaxPrep

Job description

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Our Banking client is looking for an Accountant (Mutual Funds, Tax)

Length : 12 months contract with the possibility of extension and conversion to full time employment

Location : Toronto , ON ( Hybrid ) – primarily remote but certain requirements on site ; paper filings ( during Tax season March 15 th or March 31 st )

Working Hours : 8 am – 5 pm ( flexible due to certain regulatory guidelines )

Line of Business : Fund Accounting

ROLE MANDATE

The primary responsibility is to complete the independent validation of information through the requirements that are in place, including analytical analysis. This position moves beyond the preparation and validation process to include an inherent analytical perspective of the product, to ensure the integrity of the data that supports the reporting of the financial statement and taxation processes. This position is responsible for preparing financial statement reporting and taxation responsibilities. In addition this position is responsible for ensuring compliance with Company and Regulatory r equirements as defined. The focus of this role is on producing results over a 3-6 month timeframe.

ROLE RESPONSIBILITIES INCLUDE (but are not limited to) :

• Review the financial statements and ensure they are prepared in a timely and accurate basis and are compliant with the regulatory requirements
• Review the T3 Returns and ensure they are prepared and filed on a timely and accurate basis and are complaint with the Income Tax Act of Canada
• Review the T2 Returns and ensure they are prepared and filed on a timely and accurate basis and are complaint with the Income Tax Act of Canada
• Analyze in detail, the accounting and tax impact of complex corporate actions affecting the funds in a timely and accurate basis
• Calculate and analyze income and capital gains distributions for the Mutual Fund Trusts , Mutual Fund Corporations and Pooled Funds and ensure the calculations are compliant with the Income Tax Act of Canada
• Calculate and analyze tax factor calculations for each class or fund for T3 unitholder filings

MUST HAVE SKILLS

• Ability to apply accounting and mathematical principles to work as needed
• Ability to analyze business trends and project future revenues and expenses
• Knowledge of federal, state, and company policies, procedures and regulations as related to accounting
• Previous experience with computer applications, such as Microsoft Word , Excel and PowerPoint , and any other related accounting software
• Verbal and written communication skills, attention to detail, and critical thinking
• Ability to work independently and manage one’s time

NICE TO HAVE SKILLS

• Previous experience with TaxPrep
• Has or is working towards and accounting designation

KNOWLEDGE

• Strong comprehensive Business knowledge and understanding of the Investment Industry and derivatives
• Strong understanding of the Securities Industry as it relates to the requirements of Financial Reporting and Taxation of Trusts , Corporations and Pooled Funds
• Fundamental understanding of tax issues as it relates to the Mutual Fund Industry

EDUCATION

• University degree or equivalent
• Canadian Securities Course or IFIC designation
• Operational abilities in automated network and application software tools, including external software
• 1 st round – Reporting Manager – virtual via MS Teams (1 hour) – behavioural and technical
• 2 nd round – Hiring Manager and Team Leads - virtual via MS Teams (1 hour) – behavioural and technical

Please note that this is the most up to date version of job description available at this time – During Client Interview you will receive additional information – variance may apply!

Seniority level

Seniority level

Not Applicable

Employment type

Employment type

Contract

Job function

Job function

Accounting / Auditing and Finance

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