Senior Specialist, Private Asset Servicing

Brookfield Asset Management; Toronto; On-site; CAD 85,000 - 110,000; Full time

Job summary

A leading asset management firm located in Toronto is seeking a Senior Specialist, Private Assets Servicing. The role entails conducting cash and trade reconciliations, supporting trade settlements, and collaborating with cross-functional teams. The ideal candidate has over 6 years of relevant experience, preferably with CPA, CFA, or CAIA designations, and possesses strong analytical and communication skills. This position offers a challenging and rewarding career path in a dynamic environment.

Qualifications

• 6+ years of experience with CPA/CFA/CAIA designation preferred.
• Proficiency in various investment operations and middle office functions.
• Ability to work in a dynamic and unstructured environment.

Responsibilities

• Conduct reconciliation of cash, trade, and positions.
• Support trade settlement and settlement across asset classes.
• Coordinate with treasury for capital calls and distributions.
• Collaborate with legal, treasury, and accounting for onboarding and reporting.
• Design ad-hoc reports for clients.

Skills

Trade lifecycle processes

Settlement and reconciliation processes

Microsoft Excel

Power BI

Analytical thinking

Communication skills

Education

Undergraduate degree in accounting, finance, economics

Job description

Job Description

Brookfield Asset Management Credit and Insurance Solutions Advisors LLC. is focused on deploying its capital on a value basis and compounding it over the long term. This capital is allocated across its three core pillars of asset management, insurance solutions and its operating businesses.

The Senior Specialist, Private Assets Servicing will be a key member of Brookfield Credit’s growing team and will report to our Manager, Private Assets Servicing, within the wider Investment Operations team. The role will also have a high degree of interaction with the Director, Private Assets Servicing and other members of the investment team, working directly with them in support of the expansion of BAM Credit and Insurance Solutions Advisors LLC. investment portfolio.

This role provides a highly motivated individual with a solid foundation and exposure to a progressive and dynamic career within BAM Credit. The role will be based in Brookfield’s Toronto offices at Brookfield Place.

Responsibilities :

Conduct reconciliation of cash, trade, and positions, ensuring accuracy across multiple systems and resolving discrepancies proactively

Support trade settlement and trade lifecycle events, and settlement across asset classes such as private equity, private credit, real estate, infrastructure, and agriculture

Support capital calls and distributions, ensuring timely and accurate processing for private asset funds and co-ordination with treasury team to ensure execution

Liaise with external service providers to support end to end processes related to Loan Administration, including transfers of Private Assets between lenders.

Support financial and regulatory reporting by ensuring accurate data capture and documentation for private asset investments including collaboration with investment accounting team on month-end close cycle.

Support in the implementation of complex transactions, product launches, closures and other initiatives

Collaborate with cross-functional teams including legal, treasury, and accounting to support investment onboarding and reporting, including review of credit agreements and other financial documentation.

Collaborate with technology services for integration and process enhancement, while actively participating in system implementation projects for ongoing process improvements

Respond to internal and external inquiries and requests from other departments or escalate to manager on a timely basis

Participate in system implementation and process improvement projects as required.

Monitor changes to existing portfolios and apply the changes to all back-office systems.

Design ad-hoc reports for special requests from clients or internal requests.

Various special duties and projects assigned.

Build and enhance procedures documentation related to team responsibilities and deliverables

Qualifications & Requirements :

6+ years of experience : CPA / CFA / CAIA designation is preferred.

Undergraduate degree in accounting, finance, economics, or other relevant fields is required.

Working knowledge of trade life-cycle processes within Investment Operations / Middle Office related to alternative asset classes, private investments and fixed income.

Proficient in various settlement and reconciliation processes.

Advanced knowledge of Microsoft Excel, and other office applications (i.e. : Power BI, VBA); experience with other technical software is advantageous.

Strong analytical and conceptual thinker who works well in a fast-paced, dynamic, complex and unstructured environment

Thorough and meticulous with extreme focus on details.

Self-motivated and proactive with the ability to operate independently.

Team-oriented with a commitment to shared success.

Superior communication (oral and written) skills.

Excellent interpersonal skills and ability to develop collaborative relationships at all levels.

Ability to prioritize multiple responsibilities to meet internal and external deadlines.

High degree of professional ethics and integrity.