Financial Reporting, Senior Associate

State Street; Toronto; On-site; CAD 57,000 - 78,000; Full time

Job summary

State Street is seeking a Senior Associate, Financial Reporting in Toronto to oversee financial statements and client reporting for Canadian mutual funds. You will coordinate audits, drive process improvements, and ensure timely, accurate reporting for clients.

The role requires 2-3 years in investment funds finance with IFRS/NI 81-106 familiarity, strong Excel skills, and the ability to manage multiple client relationships effectively.

Qualifications

• University/College degree required.
• CPA/CFA designation or working towards is preferred.
• 2-3 years experience in the investment fund industry with financial reporting experience required.
• Experience in preparation of investment fund financial statements.

Responsibilities

• Oversee multiple client relationships as first line manager.
• Review financial statements for various funds per IFRS and NI 81-106.
• Coordinate external and internal audits.
• Identify process improvements with the Financial Reporting Officer.
• Maintain Excel-based financial statements and client reporting databases.
• Monitor regulatory changes to keep reporting current.

Skills

Attention to detail

Time management

Independent worker

Communication skills

Regulatory updates

Education

University/College degree

CPA/CFA designation or pursuing

Tools

Microsoft Excel

Microsoft Access

Microsoft Word

Job description

Who we are looking for?

The Senior Associate, Financial Reporting is responsible for reviewing and managing the preparation of monthly, quarterly, semi-annual and annual financial statements and investment reports for Canadian based mutual and institutional funds. Also responsible for planning the preparation and delivery of client reports and ensuring the quality and timeliness of all financial reporting for their assigned Canadian Mutual Fund clients. The Senior Associate will lead project teams in the creation of special reports to address specific client needs and internal reporting requirements. Will be expected to communicate with clients, external audit firms and other areas within State Street and to participate in timely problem resolution.

What You Will Be Responsible For

• Oversee a number of client relationships as first line manager.
• Review annual and semi-annual financial statements for a variety of Fund structures and Canadian clients (including Schedules of Investments, Statements of Financial Position, Statements of Comprehensive Income, Statements of Changes in Net Assets, Statements of Cash Flows, Notes to Financial Statements and Management Report of Fund Performance) as per IFRS and NI 81-106 regulations.
• Coordinate external and internal audits.
• Support Financial Reporting Officer in the identification, design and implementation of process improvement opportunities.
• Manage the process of updating and maintaining of the Excel based financial statements and database information related to client specific reporting.
• Review industry regulatory changes and accounting updates on a regular basis so that client financial reporting needs are current with industry standards.
• Communicate regularly with clients as required, to provide financial reporting and tax and audit information as well as regulatory updates on client’s funds.
• During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalation in accordance with corporate policy and guidelines detailed in relevant operating procedures.

What We Value

These skills will help you succeed in this role

• Superior attention to detail, excellent time management and organizational skills
• Ability to work independently, meet deadlines and work well under pressure

Education & Preferred Qualifications

• University/College degree
• CPA/CFA designation or currently working towards preferred
• 2-3 years experience in the investment fund industry with financial reporting experience required
• Experience in preparation of investment fund financial statements
• Excellent PC skills (Microsoft Excel, Word and Access)
• Effective communication skills (oral and written)
• Superior attention to detail, time management and organizational skills
• Ability to work independently, meet deadlines and work well under pressure
• Working knowledge of Canadian Fund Reporting and Regulatory Environment requirements outlined under IFRS and NI 81-106

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

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Salary Range

$51,000 - $84,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job ID: R-797981