Operations Analyst

Purpose Unlimited; Toronto; On-site; CAD 70,000 - 100,000; Full time

Benefits offered by this job

Equity program

Health and dental benefits

Life insurance

Lifestyle Spending Account

RRSP matching

Tuition support

Job summary

Purpose Unlimited is seeking an analyst to support the fund operations team in daily, weekly, and monthly tasks. The role focuses on cash management, fund accounting, and coordinating with portfolio managers to ensure smooth settlements and accurate reporting.

You will participate in monthly and annual reporting, distributions, tax processing, and audits, with a hybrid work model. A CPA/CFA track is encouraged and compensation includes equity and benefits.

Qualifications

• 1-3 years of direct industry experience is a must.
• Bachelor’s degree in accounting, finance or related field, plus actively seeking a professional degree (CPA, CFA etc.).
• Experience within the investment fund industry, with a strong knowledge of back office processes for security settlements and investment funds accounting in Canada.
• Investment fund financial reporting and year end fund tax processing is critical.
• Outstanding computer skills and the ability to work with and build financial models.
• Able to analyze and interpret data and develop logical solutions.
• Exceptional time management, organizational and multi-tasking abilities.
• Strong communication skills, both written and verbal, with an outgoing personality.

Responsibilities

• Daily operation of fund products: manage cash balances, reconcile fund performance, monitor hedging and leverage programs.
• Coordinate with portfolio managers to resolve trading issues and ensure proper settlement of trades.
• Complete monthly fund processes: distributions, management fees, expenses, reporting items.
• Prepare interim and annual fund financial reports.
• Coordinate annual audit work of investment funds.
• Review fund distributions and ensure tax factors and slips are correct.
• Support sales by providing shareholder information to clients promptly.
• Assist in preparation of legal documents for prospectus filings and fund launches.
• Engage in ad hoc project work as required.

Skills

Financial modeling

Data analysis

Multitasking

Communication skills

Education

Bachelor's degree in accounting/finance

Pursuing CPA/CFA

Job description

Company Description

Purpose Unlimited is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur Som Seif, the company is developing a diversified product platform aimed at addressing historically underserved segments of the market. Purpose Unlimited’s businesses include Purpose Investments, Advisor Solutions by Purpose, and Driven.

Who is Purpose Investments?

Purpose Investments is an innovation- driven asset management company with over $20 billion under management, offering both managed and quantitative investment products. Much of what is available to the average Canadian investor today is outdated and expensive. Purpose Investments’ goal is to constantly innovate, and make investing simple, intuitive and affordable for everyone.

Vacancy Status: This is for a current opening.

Compensation: $70,000 - $100,000

Job Description

Who You are

Purpose is looking for an exceptional individual that is prepared to take on multiple responsibilities to help Purpose succeed in its business initiatives. The role will involve the individual working within the fund operations team to achieve daily, weekly, and monthly tasks. The ideal candidate is self-motivated, detail orientated, and looking to grow with the organization.

Responsibilities: What you will do

• Daily responsibility of ensuring smooth operation of all Purpose products, including managing the cash balances of each fund, reconciling day-to-day fund performance, and monitoring thecurrency hedging and leverage programs on the funds.
• Working directly with our portfolio managers to resolve trading issues and ensuring proper settlementof trades.
• Completing monthly fund processes including distribution calculations, management fee calculations,oversight of fund expenses, and other various monthly management reporting items.
• Completing and reviewing the interim and annual financial reports for the funds.
• Coordinating the annual audit work of the investment funds
• Reviewing fund distributions and ensuring tax factors and tax slips are completed correctly
• Supporting the sales team by responding accurately and promptly to client requests for shareholder information.
• Supporting the team in the preparation of legal documents for prospectus filings and fund launches.
• Ad hoc project work as required.

Qualifications: What you will bring

• 1-3 years of direct industry experience is a must.
• Bachelor’s degree in accounting, finance or related field, plus actively seeking a professional degreein either accounting or finance (CPA, CFA etc.).
• Experience within the investment fund industry, with a strong knowledge of back office processes forsecurity settlements and investment funds accounting in Canada.
• Investment fund financial reporting and year end fund tax processing is critical.
• Outstanding computer skills and the ability to work with and build financial models.
• A quick learner, able to analyze and interpret data and develop logical solutions.
• Exceptional time management, organizational and multi-tasking abilities.
• Strong communication skills, both written and verbal, with an outgoing personality.
• We believe in innovation and a vibrant culture - work for an innovative, people-first, financial services firm that values entrepreneurialism.
• We believe in a flexible work structure – A flexible hybrid work model that empowers you to do your best work whether at home or the office.
• We care about your rewards - Competitive compensation including equity program.
• We care about your health – comprehensive group health and dental benefits and life insurance at little to no cost to you. We also offer a Lifestyle Spending Account for all your wellness needs.
• We care about your quality of life - flexible paid time-off policy with unlimited vacation days, and flexible sick and mental health days.
• We care about your family - Paid parental leave for eligible employees with a top-up.
• We care about your future –Generous Group RRSP matching and an optional TFSA program.
• We care about your development – We offer training opportunities and tuition support year-round.

Purpose Investments is an equal employer, and we are dedicated to fostering an inclusive and barrier-free work environment for all employees and candidates. We encourage all qualified candidates to apply and if accommodation is required during any stage of the recruitment process, please contact any member of the People and Culture team at [e-mail] . We thank all applicants for their interest; however, only those selected for interviews will be contacted.

Our work philosophy is a hybrid model allowing for flexibility and collaboration.

Applicants must be legally entitled to work in Canada. Immigration sponsorship is not offered for this role.

We may use artificial intelligence technology to assist in screening, assessing, or selecting applicants for this position. Final hiring decisions are made by qualified human reviewers.