Fund Accountant (ID: 3282)

Position Id
Toronto ON
Job Type
Full-Time Regular

The Client:

The client is a well-established, top wealth management firm with a very low turnover. The firm caters to private High Net Worth and institutional clients and operates out of a downtown Toronto office.

Job Description:

The Fund Accountant will oversee all aspects of day-to-day accounting for assigned funds (1 or more), producing and analyzing financial information critical to business interests, as well as creating and presenting reports to management regarding accounting data to enable knowledge-based decision making and forecasts.

What you will achieve in this role:

  • Prepare Net Asset Values, yields, distributions, and other fund accounting output for subsequent review
  • Accurately record accounting records such as securities positions, corporate actions related, and journal entries
  • Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly research and correct any variances/discrepancies
  • Analyze daily Profit and Loss and work with Portfolio Managers to reconcile any known differences
  • Report on daily fund returns, day over day, and month to date
  • Identify exceptions and problems affecting accounting records and prices, assist in resolution and communicate findings to management
  • Assist, as assigned, in preparing audit schedules, compliance reports, N-SARs, tax returns, financial statements, or other reports
  • Research, as assigned, certain securities in fund portfolios for the purpose of ensuring proper accounting treatment (such as the nature of distributions, original issue discounts, and international valuations) and compliance with SEC, tax, and prospectus restrictions and limitations
  • Institutional fund accounting processes also include preparing, reconciling and distributing reports to/from marketing, separate custodians and investment management
  • Participate in regular rotation of trade processing and other accounting processes to prepare the fund accounting system for the next day
  • Responsible to account for income entitlement from corporate actions
  • Responsible for overseeing the client accounting requests from Business Development and Client Administration
  • Responsible for U.S. tax reporting including 1099s, PFIC and FBAR
  • Exposure to the creation and validation of pooled fund semi-annual and annual financial statements is an asset
  • Review of daily credit fund valuation and review of pricing thereof

What you must bring to this role:

  • University or college degree in finance or accounting
  • Minimum 3-5 years experience in accounting
  • Knowledge of registered funds (TFSA, RRSP, RESP etc.)
  • Demonstrated analytical skills
  • Excellent computer and communication skills
  • Ability to work under pressure and meet deadlines
  • Impeccable attention to detail
  • Exposure to taxes (Canadian/US ) would be an asset
Only those who are qualified will be contacted.

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