Job Description

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you\xe2\x80\x99re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title Senior Fund Accountant



What is the opportunity?

The incumbent will be responsible for the ongoing production of accurate net asset values (NAVs) for the team\xe2\x80\x99s entire fund range \xe2\x80\x93 inclusive but not limited to hedge funds, mutual funds, pooled funds, and segregated funds. Effective controls and processes must be followed in order to maintain accurate records within the Funds. Business risk to be identified, managed & mitigated. All audit and regulatory requirements must be clearly satisfied and key service level agreements (SLAs) met. This is evidenced through efficiently managed production & dispatch of fund pricing to our clients. Responsible for assisting with evolving processes and procedures to minimize risk. Review work produced by the Fund Accountants and perform quality control (QC) as per NAV Production procedures. Assist with the training of new employees as required.

What will you do?

• Prepare the daily, weekly, semi-monthly, monthly Net Asset Value (NAV) for funds, meeting tight deadlines and Service Level Standards (SLS)
• Ensure all data required to produce the NAV is available and quality ensured (corporate actions, pricing)
• Prepare the calculation of year-end distributions of income, capital gains and related tax issues
• Minimize NAV discrepancies and ensure timely corrective action
• Liaise with external custodians/3rd Parties for the accurate and timely computation of the funds NAV
• Review the work prepared by Fund Accountants for consistency and accuracy and provide training to new Fund Accountants
• Provide clients with prompt responses to service issues or queries in a professional manner that consistently exceeds clients\' expectations
• Participate in manager meetings (as required)
• Participate in client/fund event planning meetings (as required)
• Adhere to all regulatory requirements and accounting standards
• Maintain strong working knowledge of the various accounting policies for different fund types

What do you need to succeed?

Must-have

• Ability to work accurately under pressure
• 2-4 years of fund accounting experience, including strong technical knowledge on calculating Net Asset Value, preparing financial statements and knowledge of accounting standards
• Strong securities industry knowledge
• Post-secondary degree in related field (i.e. Accounting)
• Strong Microsoft Office Skills: Excel, Word
• Excellent analytical skills
• Accuracy
• Detail-oriented
• Ability to work in a fast-paced environment & under tight deadlines

Nice to have

• Completion of Canadian Securities Course (CSC)
• Working towards an accounting (or related) qualification desirable but not compulsory
• Previous analytical exposure is desirable
• Knowledge of MPower & pControl an asset
• Willingness to become involved in projects outside the scope of fund accounting
• VBA skills

What\xe2\x80\x99s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Excellent exposure to communicate with various business partners and stakeholders in Investor & Treasury Services and within other platforms as appropriate
• Opportunity to obtain hands-on experience throughout your role
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within the bank
• Excellent career development and progression opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation

Job Summary

Address: TORONTO, Ontario, Canada

City: CAN-ON-TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Investor and Treasury Services

Job Type: Regular

Pay Type: Salaried

Posted Date: 2023-02-10-08:00

Application Deadline: 2023-02-24-08:00

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.

Royal Bank of Canada