Fund Accountant, Fund Accounting

CIBC Mellon; Toronto; On-site; CAD 40,000 - 80,000; Full time

Job summary

An established industry player in the financial sector is seeking a detail-oriented individual to join their team. In this role, you will prepare financial statements, analyze daily transactions, and ensure accurate reporting of net asset values. This position offers a fantastic opportunity to develop your skills in a dynamic environment while working closely with clients and internal teams. If you are passionate about finance and eager to make a significant impact, this role could be your next career step.

Qualifications

• 1 year experience in the financial services sector.
• Community College degree with focus on accounting or finance.

Responsibilities

• Prepare financial statements, audit packages, and fund distributions.
• Review and reconcile daily transactions of assigned mutual funds.
• Report daily net asset value of funds to clients and representatives.

Skills

Financial Statement Preparation

Transaction Reconciliation

Cash Flow Analysis

Client Liaison

Audit Checks

Education

Community College Degree in Accounting or Finance

Completion of Canadian Securities Course

Job description

Responsibilities

• Prepares financial statements, audit and year end valuation packages, financial reports, fund distributions and preparation of T3 income distribution factors with varying time lines.
• Reviews and reconciles daily transactions of assigned mutual funds - analyze daily cash flow activities, reconciles assets and cash balances, maintains a balanced cash account. Researches discrepancies; investigates special or questionable transactions, i.e., trade corrections, corporate actions; liaise with clients and their representatives, as well as, internal staff concerning issues affecting the valuation of funds.
• Inputs all capital stock transactions ensuring capital stock is balanced and manually input fee payment entries ensuring accuracy. Accounts for all cash deposits, interest, and dividend payments.
• Performs additional audit checks to support the calculation of net asset values; analyzes the increase or decrease of the net asset value of a fund.
• Reports the daily net asset value of funds to clients, their representatives, and newspapers, according to instructions.
• Consults with senior staff to make any necessary adjustments accurately to transactions that impact the unit price.
  
  

Qualifications

• Community College degree with focus on accounting or finance, or equivalent training
• 1 year experience in the financial services sector
• Completion of Canadian Securities Course