Demonstrates full knowledge in assigned area and is an experienced and autonomous individual contributor, providing leadership to the team. Mentors associates across the team and department, and promotes a collaborative and positive work environment. Operates as technical subject matter expert within the team on NAV oversight, fund accounting operations and financial reporting for Luxembourg, UK and Australian investment funds. Reviews most complex deliverables, oversees custodian bank and administrative agent servicing the funds to ensure daily NAV accuracy. Leads projects and analytical tasks to provide fund accounting information and guidance to internal departments and be a main point of contact for internal and external stakeholders, including auditors.
Want more jobs like this?
Get jobs delivered to your inbox every week.
Primary responsibilities/essential functions:
- Supervises the NAV oversight functions as performed by the team and related to :
- Pricing and Fair Valuation of securities
- Fund performance validation through benchmarking
- Execution of the Passive Currency Overlay program
- Swing pricing
- Accounting for complex instruments and derivatives
- Budgeting, accruals and invoices process
- Dividend distributions
- Reporting to the Conducting Officers, the Management Company and the funds' Board of Directors
- Supervises the fund accounting operations functions as performed by the team and related to:
- Cash reconciliations and cash projections
- Portfolio reconciliations (positions, pricing and income)
- Investment of liquidities
- Processing of complex transactions such as fund launch, transfer in kind, merger and asset transferability analysis
- Supervises the financial and regulatory reporting functions as performed by the team and related to:
- Semi-annual and annual financial statements
- Audit process and Long-Form Report
- Total Expenses Ratio, Portfolio Turnover, Portfolio Yield
- Financial and trading data for PRIPS/MIFID, specific country requirements
- Continuous Improvement: mindset to challenge the status quo and propose more efficient processes.
- Serves as subject matter expert
- Stays abreast of regulatory and operational developments via newsflashes, webinars, conferences and regular contacts with the fund industry.
- Identifies and assesses business risk linked to new fund features, complex instruments, business decisions and regulatory developments and determines risks and impacts to the funds and their shareholders.
- Produces effective executive summaries on complex technical matters in a readable and simple manner.
- Prepares recommendations and leads implementation planning with the service providers.
- Provides guidance on operational issues and technical questions to other departments.
- Prepares or reviews thorough ad'hoc analysis / simulations as per management or client requests to estimate fund accounting impacts of regulation changes or business initiatives. Presents findings to working groups with different levels of seniority and efficiently answers their queries.
- Initiates and coordinates process improvements: Leverages resources to gather facts, identify and escalate issues, and identify possible solutions. Consolidates the needs, discusses recommendations with manager, and implements best practice and/or process improvements.
- Participates/Leads cross departmental projects and team initiatives
- Collaborates with management to establish project plan and processes based on defined business initiatives, set milestones and target dates.
- Assigns tasks, and allocates resources to ensure timeliness of delivery, impacts are addressed, and regular updates are provided to managers and stakeholders.
- Identifies and addresses fund accounting impacts.
- Monitors external service providers
- Serves as a liaison between internal and external business partners (e.g. auditors, consultants, etc.) and outsourcing providers (e.g. custodian bank, administrative agent, passive currency overlay provider) to ensure that questions and issues are addressed using the appropriate level of expertise.
- Assesses and tracks service providers' performance to ensure adherence to accuracy and timeliness standards as set forth in the service level agreements; escalates issues.
- Delivers feedback to the service providers, and works to resolve issues, while maintaining the relationship. Organises formal service reviews.
- Reviews engagement letters, fee schedules and service level agreements and coordinates further sign-off by senior management.
- Provides leadership/direction to the team
- Serves as technical resource to the team and coaches team members to resolve most complex issues, and models core values and lead with optimism.
- Create a culture of excellence that motivates associates to deliver at their highest potential.
- Build trust and foster an environment where all associates feel they belong.
- Assigns responsibilities for tasks within the team
- Performs quality checks and verifies the accuracy of work prepared by self and other associates.
- Manages the workflow to ensure tasks are completed timely.
- Ensures established guidelines are followed within the team.
- Serves as a positive role model and mentor the next generation of leaders
- Collaborates with the manager to develop and maintain an effective team
- Establishes individual/team goals and objectives for associates to support business area objectives.
- Actively develop associates through clear and candid feedback, coaching and challenging work experiences.
- Provides feedback to the manager regarding associate performance and development needs.
- Performs additional responsibilities as assigned
Business & Technical Skills:
- Professional accounting qualification or direct significant experience in the Fund Accounting space
- Excellent understanding of accounting and valuation principles for securities including complex instruments and most common derivatives.
- In depth knowledge of the investment management industry as the role relates to fund operations, investment and hedging strategies, Funds' legal structures, investment operations, reporting and regulatory environment and ability to apply it to work assignments.
- Strong numerical ability, high proficiency with Excel, and ability to apply it to work assignments. Tableau, Alteryx systems is a plus
- Ability to analyze complex data and/or technical issues and synthetize outcome in qualitative executive summaries.
- Strong professional judgment and leveraging of past experience to come up with the most adequate and effective decision, balancing business needs with operational feasibility.
- Strong written and spoken English. Any other language is a plus
In addition to a highly competitive base salary, per plan guidelines, restrictions and vesting requirements, you also will be eligible for an individual annual performance bonus, plus Capital's annual profitability bonus plus a retirement plan where Capital contributes 15% of your eligible earnings.
You can learn more about our compensation and benefits here.
* Temporary positions in Canada and the United States are excluded from the above mentioned compensation and benefit plans.
We are an equal opportunity employer, which means we comply with all federal, state and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employers, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, status as a victim of domestic violence, assault or stalking or any other characteristic protected by federal, state or local law.