Financial Analyst

Toronto, ON, Canada

Job Description


We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.Working ArrangementHybridManulife Wealth & Asset Management (\xe2\x80\x9cWAM\xe2\x80\x9d) is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. Our Private Markets segment has expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy and oil and gas. Private Markets also partners with Manulife\xe2\x80\x99s specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt.Currently, there are several funds and separately managed accounts with external investors in Real Estate, Commercial Mortgages, Private Debts, Timber, Agriculture and Natural Resources with an aggregate Assets Under Management (\xe2\x80\x9cAUM\xe2\x80\x9d) of over $20 billion. This AUM is expected to grow further over the next few years within both our existing products, the development and the launch of new products, several of which are in various stages of development within the Real Estate class.The role of the WAM Private Markets Financing Reporting & Advisory team is to support the Private Markets products on all financial reporting aspects of the business. Reporting to the Director of Finance and Reporting, the Financial Analyst will be accountable for completing financial reporting and providing analytical support to produce financial reports and ongoing operations of the offered third-party funds, with a primary focus on the open-ended Real Estate products. This role will work closely with several teams throughout the organization to deliver timely results to Stakeholders. The Financial Analyst role demands not only an in-depth accounting knowledge base but also the ability to work independently and communicate effectively with various stakeholders while managing multiple priorities in line with the deliverable deadlines.Key Accountabilities:

  • Prepare the quarterly and annual financial statements for multiple Real Estate Funds including disclosures for compliance with IFRS and / or US GAAP frameworks;
  • Prepare monthly debt mark-to-market fair value calculations for the Funds\xe2\x80\x99 mortgages;
  • Prepare debt covenants calculations and provide lender compliance submissions for the Funds\xe2\x80\x99 mortgages and Credit Facility;
  • Coordinate the quarterly Land Transfer Tax filings to the Ministry of Finance;
  • Assist in the preparation of the quarterly Board reporting package and provide supporting financial analysis as required;
  • Manage the annual audit and work directly with external auditors for the open-ended real estate funds;
  • Assist with providing select financial information for the annual tax filings and investor reports;
  • Collaborate with various departments including Property Accounting, Fund Accounting, Capital Markets, Portfolio Managers, Asset Management, Tax, etc.
  • Assist the team to ensure process and controls are in place to meet Tax, Regulatory and Debt compliance requirements on an ongoing basis;
  • Stay current on Accounting, Reporting, Legal and Regulatory developments impacting the Private Markets businesses;
  • Assist with ad-hoc projects and new initiatives within the department;
What motivates you?
  • You obsess about customers, listen, engage and act for their benefit.
  • You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
  • You thrive in teams and enjoy getting things done together.
  • You take ownership and build solutions, focusing on what matters.
  • You do what is right, work with integrity and speak up.
  • You share your humanity, helping us build a diverse and inclusive work environment for everyone.
What we are looking for
  • Bachelor\xe2\x80\x99s degree in Accounting or Finance; Professional Accounting or Finance designation strongly preferred (CPA, CA, CFA, or equivalent);
  • Minimum 3+ years of related business experience including analyzing financial statements;
  • Thorough knowledge of accounting principles under IFRS and / or US GAAP;
  • Ability to communicate complex concepts and results in a clear, concise and easy to understand manner;
  • Must be a great teammate, professional, and adaptable to changing requirements;
  • Ability to effectively organize, prioritize and multi-task with strong attention to detail and the ability to learn;
  • Advanced level of proficiency in MS Excel and other MS office tools;
  • Ability to build and maintain strong relationships with people at all levels and different functions throughout the organization and with external partners;
  • Flexibility to work extra hours as needed while working under tight deadlines;
  • Experience with Yardi system is considered an asset;
  • Experience with REITs or REOCs a strong plus.
What can we offer you?
  • A competitive salary and benefits packages.
  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
  • A focus on growing your career path with us.
  • Flexible work policies and strong work-life balance.
  • Professional development and leadership opportunities.
Our commitment to you
  • Values-first culture
We lead with our Values every day and bring them to life together. * Boundless opportunityWe create opportunities to learn and grow at every stage of your career. * Continuous innovationWe invite you to help redefine the future of financial services. * Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives. * Championing Corporate CitizenshipWe build a business that benefits all stakeholders and has a positive social and environmental impact.About Manulife and John HancockManulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as \xe2\x80\x98MFC\xe2\x80\x99 on the Toronto, New York, and the Philippine stock exchanges, and under \xe2\x80\x98945\xe2\x80\x99 in Hong Kong.Manulife is an Equal Opportunity EmployerAt Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .Salary & BenefitsThe annual base salary for this role is listed below.Primary Location Toronto, OntarioSalary range is expected to be between $60,000.00 CAD - $100,000.00 CADIf you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

Manulife

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Job Detail

  • Job Id
    JD2290626
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Toronto, ON, Canada
  • Education
    Not mentioned