Senior Fund Accounting Specialist

RBC; Toronto; On-site; CAD 65,000 - 85,000; Full time

Job summary

A leading bank seeks a Fund Accountant to manage accurate net asset valuations across multiple funds. This role demands a detail-oriented individual with significant industry experience. Join a supportive team environment while contributing to streamlined fund operations and client success.

Benefits

Competitive compensation

Excellent career development opportunities

Comprehensive Total Rewards Program including bonuses

Opportunity to collaborate with other business segments

Qualifications

• Solid funds industry experience required.
• Proven experience in Fund Accounting/Pricing/Client Reporting environment.
• Ability to work accurately under pressure.

Responsibilities

• Manage and ensure consistency & accuracy of the team’s delivery daily.
• Supervise NAV control process and review fund distribution.
• Provide mentorship and support to team members.

Skills

Accounting

Detail-Oriented

Time Management

Operational Delivery

Adaptability

Investment Operations

Financial Recordkeeping

Mentorship

Information Capture

Financial Accounting Systems

Education

Accounting designation (CPA, CA, CMA, CGA) - Nice to have

Working towards an accounting qualification - Desired

Job description

Job Summary

Job Description

What is the opportunity?

The incumbent will be responsible for the ongoing production of accurate net asset values (NAVs) for the team’s entire fund range. Effective controls and processes must be implemented & managed to maintain accurate records within the Funds. Business risk to be identified, managed & mitigated. All audit and regulatory requirements must be clearly satisfied, and key service level agreements (SLAs) met. This is evidenced through efficiently managed production & dispatch of fund pricing to our clients. Responsible for updating and evolving processes and procedures to minimize risk. Support the Manager in managing the daily operation and in their absence. Provide support and mentoring of team employees to foster development and knowledge.

What will you do?

• Manage and ensure consistency & accuracy of the team’s delivery on a daily basis
• Review daily, weekly, semi-monthly or monthly fund valuations prepared by Fund Accountants & Senior Fund Accountants
• Ensure consistency & accuracy of the team deliverables on a daily basis
• Meeting deadlines as per service level agreements (SLAs)
• Act as first line escalation point within the daily production environment and escalate to management where required
• Ensure reconciliations (cash, security and unit-holder) are complete and outstanding items are investigated & cleared in a timely manner
• Provide oversight and supervision of NAV control process (pControl)
• Review fund distribution preparation
• Participate in manager meetings (as required)
• Adhere to all regulatory requirements and accounting standards
• Maintain strong working knowledge of the various accounting policies for different fund types
• Coach Senior Fund Accountants & Fund Accountants on process, risk, and controls to elevate knowledge within the team

What do you need to succeed?

Must-have

• Solid funds industry experience
• Proven experience in Fund Accounting/Pricing/Client Reporting environment
• Financial markets experience (Custodian/Fund Manager/Broker)
• Working towards an accounting qualification desirable but not compulsory
• Previous analytical exposure is desirable
• Ability to work accurately under pressure
• Willingness to take on new challenges
• Independent, confident, self-motivated

Nice to have

• Accounting designation (CPA, CA, CMA, CGA)
• Other designations (CFA)

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Excellent exposureto communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
• Opportunity to obtain hands-on experience throughout your role
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within the bank
• Excellent career development and progression opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation

Job Skills

Accounting, Adaptability, Detail-Oriented, Financial Accounting Systems, Financial Recordkeeping, Information Capture, Investment Operations, Mentorship, Operational Delivery, Time Management

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-06-24

Application Deadline:

2025-07-03

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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