Senior Financial Analyst, Fund Expenses and Reporting Team

Manulife and John Hancock; Canada; On-site; CAD 71,000 - 120,000; Full time

Job summary

A leading international financial services provider is seeking a Senior Financial Analyst to manage fund expenses and reporting for their Global Wealth & Asset Management team in Toronto. This role involves preparing fund expense budgets, ensuring accuracy in expense reporting, and collaborating with various operations teams and stakeholders. Candidates should have over 5 years of relevant experience and a professional accounting designation. This position offers a hybrid work arrangement and a salary range of CAD $71,925 - $119,875.

Benefits

Health and dental benefits

Retirement savings plans

Generous paid time off

Employee assistance programs

Qualifications

• 5+ years of relevant experience in investment funds.
• Strong knowledge of regulatory reporting and preparation of MRFP.
• Experience with fund accounting and reporting systems.

Responsibilities

• Manage fund expense budgets and prepare expense-related accounting entries.
• Review and validate fund expenses and process fund invoice payments.
• Prepare and disseminate various reports to stakeholders.

Skills

Fund accounting

Fund expense management

Strong analytical skills

Advanced Microsoft Excel

Bilingualism (English and French)

Education

University degree in Accounting, Finance, or Business Administration

Professional accounting designation (CPA, CMA, CGA)

Tools

Power BI

Job description

Overview

In today's dynamic global environment, effective financial management and robust reporting are essential for maintaining the integrity and success of our asset management operations. As part of GWAM Operations, our team plays a pivotal role in this mission. Join us to help drive excellence and innovation in financial management practices across our global operations.

We are seeking a Senior Financial Analyst to assist in the fund expenses and reporting practices of the Global Fund Services team within Global Wealth & Asset Management (GWAM). Reporting to the Manager of Fund Expenses and Reporting, the Senior Financial Analyst will be responsible for ensuring the accuracy and completeness of the fund expense management for the Manulife Canadian Mutual Funds, ETFs, and Pooled Funds, as well as to produce the Management Report of Fund Performance (MRFPs).

The Senior Financial Analyst will collaborate closely with various Operations teams within the Global Fund Services Operations, as well as with external stakeholders such as our external NAV agents and auditors.

Key Accountabilities

• Prepare and manage fund expense budgets, ensuring comprehensive accruals are in place.
• Prepare and send expenses-related accounting entries to NAV agents for posting.
• Review and validate fund expenses to ensure they are accurately recorded; monitor and analyze expense variances.
• Review and process fund invoice payments following GWAM guidelines and leading practices.
• Supervise and manage the allocation of expenses charged to the funds.
• Supervise and review the Fund Expense Ratio calculation produced for Total Cost Reporting.
• Calculate and monitor the Management Expense Ratio (MER) monthly.
• Calculate and reconcile HST blended rates.
• Prepare, validate, and disseminate various monthly, quarterly, and annual reports, including Sales & AUM reports, to internal and external stakeholders.
• Lead and coordinate the production process of the annual and interim MRFPs under NI 81-106 with various stakeholders, ensuring compliance with regulatory standards and adherence to deadlines.
• Support Manulife funds initiatives by acting as a trusted partner, ensuring the planning and execution of fund launches, mergers, and closures run smoothly.
• Work closely with cross-functional teams, including accounting, operations, and compliance, to support fund management activities.
• Communicate effectively with stakeholders to provide insights and updates on fund expenses and reporting activities.
• Review and update internal procedures as applicable.
• Identify opportunities for process improvements and implement best practices in fund expense management and reporting.
• Stay updated on industry trends and regulatory changes to ensure compliance and enhance the team's capabilities.

Qualifications

• University degree in Accounting, Finance, or Business Administration, with 5+ years of relevant experience.
• Professional accounting designation (CPA, CMA, CGA) with experience in investment funds.
• Strong knowledge of fund accounting, fund expense management, and/or fund reporting processes.
• Experience with regulatory reporting and preparation of the Management Report of Fund Performance is highly desirable.
• Knowledge and understanding of International Financial Reporting Standards (IFRS) is an asset.
• Advanced knowledge of Microsoft Excel.
• Excellent time management skills and the ability to prioritize tasks to meet deadlines efficiently.
• Strong analytical and inquiry skills to understand finance and operational processes and controls.
• Experience with fund accounting and reporting systems and Power BI - Power App tools is a plus (e.g., Fund Suite ARC, MPower).

Bilingualism (English and French) is a strong asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.

When you join our team

• We\'ll empower you to learn and grow the career you want.
• We\'ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we\'ll support you in shaping the future you want to see

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit the site for our story.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Salary and Location

Referenced Salary Location: Toronto, Ontario

Working Arrangement: Hybrid

Salary range is expected to be between $71,925.00 CAD - $119,875.00 CAD. If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [e-mail] for more information about U.S.-specific paid time off provisions.