Senior financial analyst, fund expenses and reporting team

Société Financière Manuvie; Toronto; On-site; CAD 71,000 - 120,000; Full time

Job summary

A leading financial services firm in Toronto is seeking a Senior Financial Analyst to assist in fund expenses and reporting for their Global Fund Services team. The ideal candidate will have a university degree in Accounting, a CPA designation, and strong knowledge of fund accounting. Responsibilities include preparing fund expense budgets and ensuring compliance with regulatory standards. This role offers a hybrid work model, competitive salary, and benefits.

Benefits

Medical insurance

Dental insurance

Mental health support

Flexible schedule

Qualifications

• 5+ years of relevant experience in investment funds.
• Experience with regulatory reporting and preparation of Management Report of Fund Performance.
• Strong analytical and inquiry skills.

Responsibilities

• Prepare and manage fund expense budgets.
• Review and validate fund expenses.
• Calculate and monitor Management Expense Ratio (MER) monthly.

Skills

Strong knowledge of fund accounting

Fund expense management

Analytical skills

Advanced knowledge of Microsoft Excel

Bilingualism (English and French)

Education

University degree in Accounting, Finance, or Business Administration

Professional accounting designation (CPA, CMA, CGA)

Tools

Power BI

Fund accounting and reporting systems

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 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.

À propos de Manuvie et de John Hancock

La Société Financière Manuvie est un chef de file mondial des services financiers qui aide les gens à prendre leurs décisions plus facilement et à vivre mieux. Pour en apprendre plus à notre sujet, rendez vous à l’adresse www.manuvie.com.

Manuvie est un employeur qui souscrit au principe de l’égalité d’accès à l’emploi.

Chez Manulife/John Hancock nous valorisons notre diversité. Nous nous efforçons d’attirer, de perfectionner et de maintenir une main d'oeuvre qui est aussi diversifiée que nos clients, et de favoriser la création d’un milieu de travail inclusif qui met à profit la diversité de nos employés et les compétences de chacun. Nous nous engageons à assurer un recrutement, une fidélisation, une promotion et une rémunération équitables, et nous administrons toutes nos pratiques et tous nos programmes sans discrimination en raison de la race, de l’ascendance, du lieu d’origine, de la couleur, de l’origine ethnique, de la citoyenneté, de la religion ou des croyances ou des convictions religieuses, du genre (y compris grossesse et affection liée à une grossesse), de l’orientation sexuelle, des caractéristiques génétiques, du statut d’ancien combattant, de l’identité de genre, de l’expression de genre, de l’âge, de l’état matrimonial, de la situation de famille, d’une invalidité ou de tout autre motif protégé par la loi applicable.

Nous nous sommes donné comme priorité d’éliminer les obstacles à l’accès égalitaire à l’emploi. C’est pourquoi un représentant des Ressources humaines collaborera avec les candidats qui demandent accommodement raisonnable pendant le recrutement. Tous les renseignements communiqués pendant le processus de demande d’accommodement seront stockés et utilisés conformément aux lois et aux politiques applicables de Manuvie. Pour demander une mesure d’accommodement raisonnable dans le cadre du recrutement, écrivez à [e-mail].

Région de référence du salaire

Toronto, Ontario

Modalités de travail

Hybride

L’échelle salariale devrait se situer entre

$71,925.00 CAD – $119,875.00 CAD

Si vous posez votre candidature à ce poste en dehors de la région principale, veuillez ecrire à [e-mail] pour obtenir l’échelle salariale correspondant à votre région. Le salaire varie en fonction des conditions du marché local, de la géographie et de facteurs pertinents liés au poste telles les connaissances, les compétences, les qualifications, l’expérience et l’éducation ou la formation. Les employés ont également la possibilité de participer à des programmes de motivation et de toucher une rémunération incitative liée au rendement de l’entreprise et au rendement individuel.

Manuvie offre aux employés admissibles une vaste gamme d’avantages sociaux personnalisables, notamment une assurance soins médicaux, soins dentaires, sante mentale, soins de la vue, invalidité de courte et de longue déraison, assurance vie et assurance DMA, assurance adoption, de maternité de substitution et de soins médicaux non urgents ainsi que des programmes d’aide aux employés et leur famille. Nous proposons également aux employés admissibles différents régimes d’épargne-retraite (y compris des régimes de rente et un programme international d’actionnariat assortie de cotisations patronales de contrepartie) ainsi que des ressources en matière d’education et de conseil financiers. Notre génèreux programme de congés rémunisés au Canada comprend les jours fériés, les congés annuels, les congés personnels et les congés de maladie, et nous offrons toute la gamme des congés autorisés prévus par la loi. Si vous posez votre candidature à ce poste aux Etats-Unis, veuillez ecrire à [e-mail] pour obtenir de plus amples renseignements sur les dispositions relatives aux congés rémunisés spécifiques aux Etats-Unis.