Job Description

Job SummaryWhat is the opportunity?The incumbent plays a key role as they will be responsible for accurately and consistently processing of corporate action on tax basis for all funds/clients. They will be the point of contact for Fund Auditors for all corporate action backups and queries and be responsible for tax sub-ledger gain/loss and cost and corporate action GLs.What will you do?

• Review corporate actions to determine tax treatment for all corporate actions for fund accounting clients
• Review CRA website and update approved foreign spin off on tax deferred basis on tax sub-ledger and GLs
• Process and review corporate actions on tax basis to reflect the tax cost and offsetting entries in GLs as needed for all funds in fund accounting
• Work closely with Pricing team regarding corporate actions processed, review the corporate action log to make sure it is accurate
• Review corporate action related GLs to make sure the amounts are accurate
• Provide fund auditors all information to relating to corporate actions including backups
• Work with TAG, Corporate Action to make sure treatment is consistent with custody and other RBC Platforms
• Update tax sub-ledger cost adjustments for corporate action and other fund events like fund mergers
• Reasonability checks on tax sub-ledgers compare to accounting and tax and accounting cost
• Responsible for updating tax costs on fund conversion to tax sub-ledgers

What do you need to succeed?Must-have

• 2 + year of experience preferably in fund accounting
• University Degree on Business, Finance or Commerce
• Canadian Securities course or industry related course

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 Services and within other platforms as appropriate
• 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 SkillsAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: WEALTH MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-08-29Application Deadline: 2024-09-09Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .

Royal Bank of Canada