Senior Fund Accountant, Fund Accounting

CGI Njoyn; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

An established industry player seeks a Senior Fund Accountant to oversee complex fund accounting tasks and ensure accurate net asset values. This role involves preparing financial statements, reconciling transactions, and providing training to junior staff. The company fosters a diverse and dynamic workplace, encouraging innovative thinking and supporting employees in their career growth. Join a team that values service excellence and client advocacy, where your contributions will make a meaningful impact on clients and the community.

Qualifications

• 3+ years of progressive experience in fund accounting.
• Strong understanding of financial statements and audit processes.

Responsibilities

• Prepare financial statements and fund valuation packages.
• Review and reconcile daily transactions for assigned mutual funds.
• Provide training and assistance to junior Fund Accountants.

Skills

Accounting

Financial Reporting

Reconciliation

Client Communication

Education

Community College degree in Accounting or Finance

Completion of Canadian Securities Course

Job description

CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.

We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.

We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

Position Overview:

The Senior Fund Accountant, Fund Accounting, performs all necessary accounting functions on a daily basis for larger or more complex funds to arrive at a correct net asset value for assigned mutual funds and provides additional financial reporting.

Responsibilities:

1. Prepares financial statements, audit and year-end valuation packages, financial reports, fund distributions and preparation of T3 income distribution factors with varying timelines.
2. Reviews and reconciles daily transactions of assigned mutual funds - analyzes daily cash flow activities, reconciles assets and cash balances, maintains a balanced cash account. Researches discrepancies; investigates special or questionable transactions, i.e., trade corrections, corporate actions; liaises with clients and their representatives, as well as, internal staff concerning issues affecting the valuation of funds.
3. Inputs all capital stock transactions and ensures capital stock is balanced. Inputs manual entries that affect a fund, such as, fee payments. Accounts for all cash deposits, interest, and dividend payments.
4. Performs additional audit checks to support the calculation of net asset values; analyzes the increase or decrease of the net asset value of a fund.
5. Reports the daily net asset value of funds to clients, their representatives, and newspapers, according to instructions.
6. Consults with senior staff to make any necessary adjustments accurately to transactions that impact the unit price.
7. Provides training to Fund Accountants; assists in problem resolution; assists team members to meet deadlines.

Qualifications:

1. Community College degree with focus on accounting or finance, or equivalent training.
2. 3 years progressive experience.
3. Completion of Canadian Securities Course.

CIBC Mellon's Values:

1. Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards.
2. Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward.
3. Be One Family: Challenge, empower and recognize your colleagues.
4. Take Ownership: Speak up, speak out, and make things better.