Fund Accountant, Fund Accounting

CIBC Mellon; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

A leading financial services company is seeking a Financial Analyst in Toronto. The role focuses on preparing financial statements, reconciling transactions, and reporting on the net asset values of mutual funds. Candidates should have a Community College degree in accounting or finance, along with a year of relevant experience. This is a great opportunity to join a reputable firm and further develop your financial expertise.

Qualifications

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

Responsibilities

• Prepare financial statements and audit packages.
• Review and reconcile daily transactions of mutual funds.
• Report daily net asset values to clients.

Skills

Financial Reporting

Reconciliation

Client Liaison

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