Job Description

VARITE is looking for a qualified Fund Accounting Oversight Manager in Toronto, ON.
WHAT THE CLIENT DOES?
A global investment management firm that offers a wide range of investment solutions, including mutual funds, exchange-traded funds (ETFs), private equity, and real estate investment products.
WHAT WE DO?
Established in the Year 2000, VARITE is an award-winning minority business enterprise providing global consulting & staffing services to Fortune 1000 companies and government agencies. With 850+ global consultants, VARITE is committed to delivering excellence to its customers by leveraging its global experience and expertise in providing comprehensive scientific, engineering, technical, and non-technical staff augmentation and talent acquisition services.
Job Title: Fund Accounting Oversight Manager
Location: Toronto, ON (hybrid - 3 days onsite)
Contract Duration: 6 months
Pay Rate Range: CAD 60.00 - 64.16/hr on T4
HERE'S WHAT YOU'LL DO:
Your Team

• The Canadian Fund Accounting oversight department is responsible for providing assurance, advisory and analytics over daily net asset values and accounting book of records ("ABOR") for more than 100 Canadian *** funds, which consists of both Mutual Funds and ETFs.
• As owners of the ABOR, the department liaise and provide quality service delivery to various internal and external stakeholders, including but not limited to reporting, tax, pricing, treasury, transfer agency, corporate actions, compliance, legal, vendors, unitholders, internal and external auditors, regulators, board committees, middle office and front office.
• The Canadian funds are regulated by the applicable internal policies, accounting standards, tax regulations, and National Instruments.

Your Role

• The candidate is responsible for supporting a team of professionals which provides assurance and advisory functions to support the *** global products and works with various business partners, third-party administrators ("TPA") and custodians.
• The candidate is responsible for overall Accounting Book of Records ("ABOR") quality, NAV assurance, TPA oversight and governance, ensuring various fund transactions, including but not limited to income, expenses, capital and investment activity, dividends, corporate actions, and valuations, are complete and accurate.
• The candidate is also responsible for ensuring the daily NAV per share is disseminated to the appropriate stakeholders in accordance to agreed-upon times.

You Will Be Responsible For:

• Execution of departmental responsibilities including but not limited to: (a) assurance over daily net asset values ("NAV"); (b) continuous ABOR assurance; (c) product-related advisory; (d) regulatory and policy compliance; and, (e) reporting to the various committees of the funds.
• Ensuring that funds' daily net asset values are calculated by the TPA in a timely and accurate manner, including reviewing and resolving daily control validation exceptions within the ABOR.
• Maintain good working relationship with the TPA, holding TPA accountable for the completeness and accuracy of the ABOR.
• Research and advise on the accounting principles and regulatory guidance over fund transactions and product initiatives (such as fund launches, terminations, redemptions, and mergers) to various external and internal stakeholders, including but not limited to the tax, fund reporting, legal, compliance, and product departments.
• Ensure appropriate accounting records and documentation are maintained to promote effective internal accounting controls and to comply with regulatory requirements, including appropriate tracking and record keeping of all historical issues (NAV errors, near misses, NAV timeliness, fund overdrafts and others).
• Application of data analytics on various historical information databases, design data visualizations, draw statistical inferences and conclusions, and professionally disseminate and present findings and results to management and executives.
• Coordinate and assist in department projects by developing, testing, and implementing results of new processes.
• Preparation and distribution of portfolio and performance data.
• Assist in regulatory reporting and interactions with internal and external stakeholders, including auditors, as required.

The Experience You Bring:

• Bachelor's degree in Accounting or Finance related field is required.
• Completion or enrollment in professional accounting designation program (e.g. CPA) preferred.
• Strong attention-to-detail, problem-solving, communication, stakeholder management skills, and an inquisitive mindset.
• Interpersonal skills necessary to interact effectively with a variety of individuals across organizations.
• Must have the ability to build a strong internal control framework, challenge status quo and build efficient processes which continue to evolve as required by the business, products, markets, regulations, etc.
• Must have strong analytical skills to solve complex accounting issues, be proficient in reviewing detailed financial data and show initiative in problem solving and follow up individually and train others to do the same.
• Must have an advanced understanding and proven ability to research accounting principles, with in-depth experience in drafting accounting memorandums.
• Must have the ability to manage multiple projects, delegate work, anticipate obstacles, prioritize work, and escalate issues to meet deadlines.

General Role Profile

• Requires working knowledge and skills developed through formal training or work experience
• Identifies the problems and relevant issues in straightforward situations, assesses each using standard procedures, and makes sound decisions
• Works within established procedures and policies with direct supervision

Knowledge

• Requires the applications of most of the specific skills needed to perform assigned tasks
• Applies procedures and policies to complete a variety of tasks

If this opportunity interests you, please respond by clicking on EasyApply.
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VARITE is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Skills Required