Senior Financial Analyst, Accounting Advisory

Manulife; Toronto; Hybrid; CAD 71,000 - 120,000; Full time

Job summary

A leading financial services provider in Toronto is seeking a Senior Financial Analyst to provide accounting advice on private market investments and assist with transaction advisory. The ideal candidate should have a professional accounting designation, at least 2 years of relevant experience, and a strong understanding of IFRS and US GAAP. This role offers a hybrid work arrangement and a competitive salary range of CAD 71,925.00 – CAD 119,875.00.

Benefits

Health insurance

Dental insurance

Mental health support

Life insurance

Retirement plans

Paid time off

Qualifications

• 2+ years of accounting/financial services experience.
• Background in technical accounting policy or advisory.
• Ability to quickly understand and apply new concepts.

Responsibilities

• Research and provide guidance on accounting treatment for new assets.
• Assist in consolidation and derecognition advisory support.
• Serve as a trusted accounting advisor to various teams.

Skills

Technical accounting knowledge

IFRS knowledge

US GAAP knowledge

Strong written and verbal communication

Project management skills

Education

Professional accounting designation (CA/CPA)

Finance designation (CFA)

Job description

Overview

The Global WAM Accounting & Reporting Accounting Advisory team serves as a key resource for internal and external partners worldwide, offering financial information, analysis, and decision support to enhance shareholder value. Reporting to the Director of Accounting Advisory, the Senior Financial Analyst provides accounting advice for General Account and Private Market investments, supports transaction advisory on consolidation and derecognition issues, and participates in implementing new accounting standards. The role also supports the Private Alternative Investment Valuation Committee with oversight of private investment valuations, including Real Estate, Infrastructure, and Private Equity. The ideal candidate possesses technical accounting knowledge, particularly in private alternative investments, and stays current on IFRS, US GAAP, and NAIC standards, demonstrating creativity and strategic thinking to collaboratively address critical issues.

Position Responsibilities

• Accounting Advisory: Research and provide guidance on the appropriate and practical accounting treatment for all new private equity or alternative long duration assets, as well as new products and entity structures.
• Assist in providing transaction advisory support on issues such as consolidation, derecognition, and participation in the implementation of new accounting standards for investments, in collaboration with the Group Accounting Policy team.
• Serve as a trusted accounting advisor to the General Account Front Office and Private Markets Asset Class teams (including MIMPEC and MIMTA), communicating complex accounting topics and recommending changes aligned with business/strategic goals.
• Monitor new accounting pronouncements and analyze their impact on the organization; ensure implications for the Investment Division are understood and accounting policies remain appropriate.
• Collaborate with legal, corporate policy, capital advisory, and investment teams across US, Canada, and Asia segments to launch new third-party products or mandates to achieve desired accounting treatment.
• Prepare memos and formal documentation on accounting treatments discussed with Private Markets stakeholders.
• Support ad-hoc projects and implementation of new accounting standards within the accounting advisory area.
• Prepare first-level interim and full reviews of internally valued private equity investments and summarize results.
• Coordinate and perform the first level of review for MIMPEC fund valuations.

Required Qualifications

• A professional accounting designation or current pursuit of CA/CPA; a Finance designation (CFA) is a plus.
• 2+ years of accounting/financial services experience.
• Background in technical accounting policy, advisory, consulting, or similar function within a large public accounting firm or financial institution is preferable.
• Working knowledge of IFRS and US GAAP; some knowledge of NAIC accounting is preferable.
• Ability to quickly understand and apply new concepts with diligence.
• Strong project management skills to effectively oversee special projects.
• Strong written and verbal communication skills to work productively with business unit partners and to exchange information with others.

When you join our team

• We’ll empower you to learn and grow the career you want.
• We’ll support you in a flexible environment where well-being and inclusion are valued.
• As part of our global team, we’ll help you shape the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider. To learn more, visit the Manulife site at https://www.manulife.com/en/about/our-story.html.

Equal Opportunity Employer

Manulife/John Hancock embrace diversity and strive to attract, develop and retain a workforce that reflects the customers we serve. We are committed to fair recruitment, retention, advancement and compensation, without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex, sexual orientation, gender identity or expression, age, marital status, disability, or any other protected ground.

A Human Resources representative will assist applicants who request reasonable accommodation during the application process. To request accommodations, contact recruitment at [e-mail].

Salary and Location

Referenced Salary Location: Toronto, Ontario

Working Arrangement: Hybrid

Salary range: CAD 71,925.00 – CAD 119,875.00

If applying outside the primary location, contact [e-mail] for the salary range for your location. Actual salary depends on market conditions and other factors. Eligible employees may participate in incentive programs.

Benefits include health, dental, mental health, vision, disability, life insurance, retirement plans, and paid time off. US applicants should contact [e-mail] for U.S.-specific PTO provisions.