Senior Financial Analyst, Fund Expenses and Reporting Team

Manulife; Montreal (administrative region); Hybrid; CAD 71,000 - 119,000; Full time

Job summary

Manulife is seeking a Senior Financial Analyst in Montreal to support fund expense management for Canadian mutual funds, ETFs and pooled funds. You will produce monthly, quarterly and annual reports, coordinate with NAV agents and auditors, and ensure accurate expense accruals and postings across the funds.

The role collaborates with accounting, operations and compliance teams, supports fund launches and mergers, and tracks MER and ETF/HST rates.

Qualifications

• University degree in Accounting, Finance, or Business Administration, with 5+ years of relevant experience.
• Strong knowledge of fund accounting, fund expense management, and/or fund reporting processes.
• Professional accounting designation (CPA, CMA, CGA) with experience in investment funds is preferred.
• Knowledge of IFRS and NI 81-106 is an asset.
• Advanced knowledge of Microsoft Excel.
• Bilingual English and French is an asset; Québec incumbents may need proficiency in both languages.

Responsibilities

• 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 accurate recording; 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 for Total Cost Reporting.
• Calculate and monitor the Management Expense Ratio (MER) monthly.
• Calculate and reconcile HST blended rates.
• Prepare, validate, and disseminate monthly, quarterly, and annual reports to internal and external stakeholders.
• Support fund launches, mergers, and closures; coordinate with cross-functional teams.

Skills

Fund accounting

Analytical skills

Excel proficiency

Bilingual English/French

Education

University degree in Accounting, Finance, or Business Administration

Tools

Power BI

MPower/Power Apps tools

Job description

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 completing the production of various external and internal reports.

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.

Position Responsibilities

• 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.
• 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.

Required Qualifications

• University degree in Accounting, Finance, or Business Administration, with 5+ years of relevant experience.
• Strong knowledge of fund accounting, fund expense management, and/or fund reporting processes.

Preferred Qualifications

• Professional accounting designation (CPA, CMA, CGA) with experience in investment funds.
• Knowledge and understanding of International Financial Reporting Standards (IFRS) and NI 81-106 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: MPower).
• Bilingualism (English and French) is an 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.

The role being advertised is an existing vacancy.

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 https://www.manulife.com/en/about/our-story.html.

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].

Referenced Salary Location

CAN, Quebec, Montreal, 900 Boulevard de Maisonneuve Ouest

Working Arrangement

Hybrid

Salary range is expected to be between

$71,475.00 CAD - $119,125.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. 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. If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location.

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.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.