Finance Manager

Vaco by Highspring; Toronto; On-site; CAD 120,000 - 140,000; Full time

Job summary

Vaco by Highspring is seeking a Finance & Operations professional for its Funds Finance and Operations team in Toronto. The role focuses on fund reporting, NAV pack reviews, and capital activity management within a fast-paced environment.

Applicants should have a university degree in business or accounting and at least five years of finance experience, with knowledge of US GAAP and IFRS and complex fund ownership structures. Strong analytical skills are essential.

Qualifications

• University degree in business or accounting is an asset.
• Minimum of five years of progressive experience in finance or accounting.
• Experience with private or semi-liquid funds and complex ownership structures is an asset.
• Ability to lead and take initiative; strong analytical and problem-solving skills.

Responsibilities

• Review financial reporting to investors under US GAAP and IFRS.
• Review NAV packs prepared by external Fund Administrators.
• Manage Fund capital activity, liquidity and forecasting; handle investor queries.
• Present significant transactions to senior management.
• Coordinate with external service providers for accurate, timely information.
• Support US and Canadian tax reporting; assist with audits and controls.

Skills

Finance & accounting

Leadership

Analytical thinking

Communication

AI awareness

Education

University degree in business or accounting

Job description

Our client is an investment company. This role is within the Funds Finance and Operations team of the Infrastructure group and will be part of the team responsible for fund operations reporting requirements. The successful candidate will be a self-starter that enjoys working in a fast-paced environment, has excellent interpersonal skills, is detail oriented, possesses a high degree of intellectual curiosity and has a strong foundation in finance and accounting.

Why Work Here?

• Excellent total compensation package with consistent growth for strong performers.
• Working with the best and brightest CPA's in Toronto
• Excellent boss who will be a great mentor to this individual.

About the Opportunity

• Review financial reporting to investors and other users, including financial statements prepared under US GAAP and IFRS, as well as Fund and investment performance metric tracking
• Review NAV packs (or working papers) prepared by external Fund Administrators to ensure accuracy and completeness
• Manage Fund capital activity, liquidity and forecasting, including investor queries and compliance
• Present significant transactions to senior management
• Working with various external service providers to ensure information being provided to investors is accurate and provided on a timely basis
• Review of support and working papers for US and Canadian tax reporting
• Preparing internal and external audit requests and maintaining appropriate control documentation
• Thorough understanding of the complex legal structures of the various Funds and the related impact on funds flows and consolidation
• Assist with analysis of complex accounting issues that arise
• Assist with process improvements to the reporting process
• Leverage AI tools (such as Claude, ChatGPT and Copilot) to identify efficiencies, streamline workflows and add value
• Special projects & ad hoc requests as required

About You

• University degree (business or accounting an asset)
• Minimum of five years of progressive work experience in finance and/or accounting functions
• Experience in private or semi-liquid (retail) funds and knowledge of the investment management industry, and experience dealing with complex ownership structures would be an asset
• Demonstrated leadership ability and initiative
• Excellent analytical, and problem-solving ability
• Exemplifies the right motivation by aspiring to achieve collective goals

Salary Range

$120,000 - $140,000/year

When referencing this job, quote #484850

This position for employment is for a current vacancy with Highspring's client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of colour, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

Having said that Vaco by Highspring believes that the salary range referenced reasonably estimates the base compensation for an individual hired into this position. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits).