Senior Analyst, NAV Solutions and Oversight (18-Month Contract)

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Scotiabank in Toronto is seeking a Senior Analyst for NAV Solutions and Oversight on an 18-month contract. You will lead NAV oversight, perform reconciliations, and support cash management and performance/fees calculations for mutual funds, ETFs, and private funds.

You will collaborate with SMEs, portfolio managers, and operations teams, providing reporting, analytics, and improvements while ensuring regulatory compliance and process excellence.

Qualifications

• Minimum 5 years of mutual fund or NAV oversight experience and 1 year of project management experience.
• Excellent communication skills, both written and verbal.
• Ability to write excel macro via VBA an asset.
• Proficiency in Microsoft Excel, Outlook, Excel, Access, PowerPoint and some knowledge on Bloomberg terminal.
• Strong analytical and problem-solving skills.
• Experience with regulatory reporting requirements in Canadian Mutual Fund Industry, such as OSC and IFIC.
• University degree in business, accounting, finance or equivalent.
• CPA/CFA/PMP designation or active candidacy is an asset.

Responsibilities

• NAV Oversight Review and Reconciliation: daily NAV oversight for mutual funds, private funds, and ETFs; prepare reconciliations and price checks.
• Cash Management: manage cash forecasting, overnight cash sweeps, and resolve weekly cash exceptions.
• Performance and Fees: ensure calculations comply with regulations and benchmark; manage hedging and fee reviews.
• Fund Administration Support: act as SME, support providers, and provide detailed reporting and analytics.
• Relationship Management: build relationships with internal/external partners and coordinate BC planning.
• Continuous Improvement: identify gaps, drive efficiency, document processes and train team members.

Skills

NAV oversight

Mutual funds knowledge

Analytical skills

Excel VBA

Education

University degree in business, accounting, finance

Tools

Bloomberg Terminal

Excel

PowerPoint

Access

Job description

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Title: Senior Analyst, NAV Solutions and Oversight (18-Month Contract)

Requisition ID: 277346
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

The successful candidate will be responsible for a wide range of fund administration tasks, including NAV Oversight review and reconciliation, cash management, performance and fees calculation, support as a Subject Matter Expert (SME) in various areas, relationship management and continuous improvement. This role requires strong analytical and computer skills, excellent communication abilities, and the capacity to multi-task and work independently on initiatives.

Is this role right for you? In this role you will:

• NAV Oversight Review and Reconciliation
  • Provide daily NAV oversight for mutual funds, private funds, and ETFs, ensuring all transactions are accurately reflected in the NAV.
  • Prepare and review various reconciliations, including capstock, IBOR positions, Fundserv FOF positions, FX Forwards, derivatives, Prime Broker Cash and Position reports, and weekly Custody to Accounting positions.
  • Prepare and review daily NAV price checks and periodic distributions to the Transfer Agency system.
• Cash Management
  • Manage cash forecasting to ensure sufficient liquidity for fund operations.
  • Execute overnight cash sweep deposits to optimize cash utilization.
  • Review weekly cash exceptions, identify discrepancies, and coordinate with relevant parties for resolution.
• Performance and Fees
  • Ensure all calculations are accurate, comply with regulatory requirements and reasonable against benchmark.
  • Calculate series hedging to manage fund exposures and send trade tickets to FX Traders.
  • Calculate and review expenses and fees to ensure they are in line with fund agreements.
• Fund Administration Support
  • Act as a Subject Matter Expert (SME) to supporting internal and external inquires, investigations and problem resolutions.
  • Support fund administration providers, system providers, and media with accurate and timely information.
  • Provide detailed reporting and analytics to SGAM NAV Solutions, portfolio managers, and business partners.
• Relationship Management
  • Develop and maintain close working relationships with internal and external partners, including Investment Counsel, Auditors, Legal & Compliance, IT teams, sub-advisors, custodians, prime brokers, Intake, Products, and derivative counterparties.
  • Collaborate effectively to ensure smooth fund operations and compliance with all regulatory requirements.
  • Work closely with management to execute Business Continuity Plan (BCP) related activities and ensure readiness for any disruptions.
• Continuous Improvement
  • Continuously review business operations to identify gaps, minimize risk exposures, and implement efficiency improvements.
  • Work closely with management to identify efficiency and new reporting capabilities to embrace continuous improvement initiatives
  • Document new processes and procedures, provide training materials, and conduct walkthroughs of workflows to ensure all team members are up to date.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Minimum 5 years of mutual fund or NAV oversight experience and 1 year of project management experience
• Excellent communication skills, both written and verbal
• Ability to write excel macro via VBA an asset
• Proficiency in Microsoft Excel, Outlook, Excel, Access, PowerPoint and some knowledge on Bloomberg terminal
• Strong analytical and problem-solving skills
• Experience with regulatory reporting requirements in Canadian Mutual Fund Industry, such as OSC and IFIC
• University degree in business, accounting, finance or equivalent
• CPA/CFA/PMP designation or active candidacy is an asset

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.