Supervisor, Fund Accounting (ID:3144)

Position Id
Toronto ON
Job Type
Full-Time Regular

Supervisor, Fund Accounting (Registered Products)

Wealth Management Firm, Toronto

** Registered Products experience is mandatory for this role **

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.

What you will achieve in this role:

Overseeing a team of Fund Accountants and Senior Fund Accounts and all aspects of day-to-day accounting for their assigned funds, reviewing and analyzing financial information critical to business interests.

the Supervisor will report into the Director of Accounting and will be responsible for:

  • Managing and mentoring team members
  • Overseeing of accounting activities on complex and active funds, involving corporate actions, derivatives and options accounting
  • Identifying and addressing gaps and deficiencies in processes
  • Review of Net Asset Values and other fund accounting output
  • Oversee reconciliation of various accounts, or review reconciliations prepared by others, and promptly research and correct any variances/discrepancies
  • Review daily Profit and Loss analysis
  • Review reports on daily fund returns, day over day, and month to date
  • Review 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
  • Responsible for overseeing the client accounting requests from Business Development and Client Administration
  • Responsible for review of U.S. tax reporting including 1099s, PFIC and FBAR
  • Review of daily credit fund valuation and review of pricing thereof

What you bring to the table:

  • University or college degree in finance or accounting
  • Experience with registered products
  • Minimum 5 years experience in Fund Accounting most recently in a supervisory capacity
  • 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
  • Exposure to the creation and validation of pooled fund semi-annual and annual financial statements is an asset

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