Manager, Investment Accounting & Reporting

HOOPP; Toronto; On-site; CAD 85,000 - 110,000; Full time

Job summary

A leading company in Ontario is seeking a Manager for Investment Accounting and Reporting to oversee day-to-day operational accounting functions for capital markets investments. This role involves ensuring compliance with ASPE and IFRS, managing a team of analysts, and collaborating with various departments. The ideal candidate possesses a CPA, is well-versed in accounting standards for pension plans, and has strong leadership and analytical skills.

Benefits

100% company-paid extended health and dental benefits

membership in defined benefit pension plan

learning and development initiatives

wellness seminars and yoga classes

Qualifications

• Minimum 5 years experience in a senior accounting role within financial services.
• Strong knowledge of ASPE and IFRS standards for investments.
• Proven ability to meet tight deadlines and manage priorities.

Responsibilities

• Oversee work and deliverables prepared by analysts, providing coaching and feedback.
• Review and approve journal entries and month-end reporting packages.
• Coordinate responses to external auditors during audits.

Skills

Leadership

Analytical skills

Problem-solving

Attention to detail

Communication

Education

University degree in Business or related discipline

CPA designation

Tools

Microsoft Office Suite

SimCorp Dimension

Job description

Why you’ll love working here:

• high-performance, people-focused culture

• our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves

• learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth

• membership in HOOPP’s world class defined benefit pensionplan, which can serve as an important part of your retirement security

• competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).

• optional post-retirement health and dental benefits subsidized at 50%

• yoga classes, meditation workshops, nutritional consultations, and wellness seminars

• the opportunity to make a difference and help take care of those who care for us, byproviding a financially secure retirement for Ontario healthcare workers

Job Summary

The Manager, Investment Accounting and Reporting (IA&R) is responsible for managing the day to day operational accounting and reporting functions for all capital markets investments in HOOPP’s investment sub-ledger (excluding Real Estate, Private Equities and Infrastructure), supporting the Associate Director, IA&R. The role is required to apply ASPE and IFRS technical knowledge and analytical skills in ensuring the accuracy and completeness of the financial records for all responsible investments. The incumbent is also responsible for working closely within the IA&R team, and establishing a close working relationship with other departments within Finance as well as Information Technology (IT) business partners.

What you will do:

• Provide support as required by the Associate Director to oversee the work and deliverables prepared by a team of analysts. This support encompasses coaching of staff, delegating and reviewing work performed by the staff as well as monitoring and providing continuous feedback.

• Review and approve manual journal entries prepared by staff for posting to the General Ledger.

• Review and approve the month-end reporting package on a timely basis to comply with monthly and quarterly reporting timelines. Review back-dated corrections and trade amendments made by Investment Operations to ensure that the changes are processed in the correct accounting period.

• Lead the team in analyzing the monthly, quarterly, and annual fluctuations and variances of HOOPP’s investment balances and income. Assist the Associate Director in preparing the monthly and quarterly reporting to the CFO and Audit & Finance committee, including preparing a summary of the market conditions and/or other factors behind the fluctuations in the financial results for public market investments. Collaborate with the Financial Reporting team to provide clear and concise reporting of monthly, quarterly and annual fluctuations as part of these deliverables.

• Assist the Associate Director in gathering information required to address Board questions and/or requests for information.

• Manage the coordination of requests from external auditors for IA&R during interim and year-end audit and act as the primary contact for routine responses to audit requests. Also, respond to the auditors’ questions while keeping the Associate Director and Financial Reporting team informed of any key audit matters identified.

• Assist the Associate Director in reviewing all interim and year-end working papers prepared by staff with appropriate analysis and supporting documentation to ensure accuracy and completeness for financial reporting and audit purposes. Escalate issues identified to the Associate Director for discussion, as appropriate.

• Coordinate and guide the team’s preparation of the financial statements disclosure notes as they relate to capital market investments and review to ensure accuracy and completeness of related support prior to the Associate Director’s review and approval.

• Collaborate with the Senior Manager, Business Process and IT business partners on the testing and implementation of solutions to address production support issues for IA&R. This includes communicating business requirements, working with the Associate Director to prioritize and allocate resources for user acceptance testing of IT’s solution and review of testing results to ensure business requirements have been met.

• Support the Associate Director in providing guidance to Investment Operations when booking new or complex investment transactions to ensure accurate information in the investment accounting system (SimCorp Dimension) as well as in downstream financial reporting. Ensure the Associate Director is kept updated and provide recommendations as appropriate.

• Identify and recommend process improvement opportunities to automate workflows and processes to continually improve efficiency. Collaborate with the Senior Manager, Business Process, IT and/or Business Solutions to develop solutions. Review Business Analyst’s testing and/or user acceptance testing of the solution before recommending review and approval by the Associate Director to deploy in the production environment.

• Coordinate and support the Associate Director in the annual review and update of internal Finance accounting policies, and ICFR narratives by the IA&R team to ensure that they are current and up to date as well as recommend for approval by Associate Director, where applicable. As part of month-end review responsibilities, monitor compliance with the approved internal Finance accounting policies, operating procedures, accounting treatment papers and ICFR narratives.

• Actively participate in HOOPP’s ICFR program by acting as the primary contact for the testing of IA&R controls completed by Internal Audit and/or external auditors.

• Collaborate with the Senior Manager, Business Process to ensure operating procedures and accounting treatment papers are kept up to date.

What you bring:

• University degree in Business or related discipline

• Successful completion of an accounting designation (CPA)

• Minimum 5 years experience in a senior accounting role within the financial services sector

• Strong knowledge of accounting standards relating to investments by a pension plan (ASPE and relevant IFRS), particularly with respect to financial instruments (including derivatives and marketable securities)

• Excellent leadership skills and the ability to collaborate in cross-functional initiatives and projects

• Strong analytical and problem-solving skills, including the ability to independently and collaboratively gather, formulate and analyze information to support recommendations to senior management

• Attention to detail, accuracy, and completeness is very important

• Ability to meet tight deadlines and to manage conflicting priorities efficiently

• A proven team player, proactive and independent

• Excellent verbal, written and interpersonal communication skills

• Collaborative, professional, accountable and trustworthy

• Strong computer skills including Microsoft Office Suite (including Word, Excel, PowerPoint, Visio)

• Proficiency using SimCorp Dimension (SCD) is an asset