Our Finance department is part of the Operations group and in various ways collaborates with all of the other departments within BCI. Finance is responsible for financial administration, financial reporting, tax planning and compliance for BCI and the investment funds under BCI's administration and also works with our auditors and external advisors. The department is organized into five branches: Investment Accounting (Liquid and Illiquid), Financial Reporting and Valuations, Performance Measurement, Corporate Accounting, and Tax.
Reporting to a Manager, the Senior Investment Accountant is responsible for timely, complete and accurate accounting for pooled fund and segregated investments held by BCI clients. This requires a good understanding of “business as usual” investments and structures, as well as analysis of emerging investments and structures.
The Senior Investment Accountant maintains and performs internal controls effectively. This includes the application of generally accepted accounting principles, industry standards, and professional judgment. The Senior Investment Accountant works in a team environment and may assist staff within the department or in other departments regarding accounting treatment, investment valuations, tax issues, problem resolution, decisions or recommendations where appropriate.
This position may be called upon to provide direction to junior staff and assist with training new staff. Thorough knowledge of net asset valuation methodology, financial accounting and financial reporting practices/requirements for both investments and investment structures is key. A successful Senior Investment Accountant works collaboratively with others to identify and resolve issues.
A professional accounting designation (CPA, CA; CPA, CGA; CPA, CMA)
Three to five years accounting experience
Experience in investment/securities accounting
Excellent interpersonal abilities and organizational skills, and attention to detail
The ability to proactively look for ways to increase efficiencies in how work is performed
Advanced level Excel skills and current experience with an industry standard accounting platform
Knowledge of IFRS
Completion of the Canadian Securities Course
Experience with SimCorp Dimension
Complete net asset valuation and accounting for pooled funds and perform reconciliations for segregated investments in accordance with procedures and internal control requirements
Recommends changes to controls to address weaknesses or improve efficiencies
Work with staff in other branches and departments to identify and resolve issues regarding the accounting for new investments and structures, both within pooled funds and on a segregated basis
Analysis of trends and changes in investments and investment structures, to support management analysis for internal and external clients
Communicate with custodian, asset classes, clients and other departments to resolve issues
Prepare year-end financial statements for pooled funds and financial information for clients in accordance with policies and established standards
Prepare regular management discussion and analysis of pooled fund performance
Research new accounting standards that impact financial instruments including derivatives, prepare analysis and make recommendations on accounting policy changes and/or revised disclosures, and ensure that disclosures in audited pooled investment portfolio financial statements are in compliance with IFRS
Provide support in the valuation of fixed income, public equity and derivative securities
Complete year end pooled fund distributions and other tax calculations/information in accordance with established procedures
Act as subject matter expert in working with Business Support Analysts to develop requirements and test solutions within the SimCorp Dimension testing and production environments.
Provide training and assistance to other staff members as required
Perform other duties as assigned
Analytical / Technical Skills
Effective performers have strong analytical skills; they are able to use their knowledge of investment/securities accounting principles and technical skills to provide well thought out analysis and accurate information based on a thorough process of collecting, organizing and analyzing data.
Applies knowledge of investment/securities accounting principles, taxation rules, financial markets and economics to their analysis of investment holdings
Identifies the specific information needed; probes to obtain the facts; obtains complete and accurate data by checking multiple sources
Analyzes financial information to identify inconsistencies and trends in results
Analyses pertinent information to provide reasonable and timely valuation information for various asset classes
Provides insight and clarification to clients and colleagues on financial results and information
Uses a number of software applications to gather, analyze and report financial information
Organizing & Planning
Effective performers have strong organizing and planning skills that allow them to be highly productive and efficient. They manage their time wisely and effectively prioritize multiple competing tasks.
Effectively prioritizes multiple requests from a variety of sources, ensuring priority is given to appropriate tasks
Adjusts to changing priorities appropriately by displaying flexibility and willingness to reorganize tasks
Understands the importance of timelines and uses time management tools (task lists, calendar / planner, etc.) effectively to ensure that timelines are met
Understands the department goals and their role in achieving them; consistently strives to meet those goals
Applies their understanding of the organization’s business and structure in the development of effective and efficient analysis and reporting practices
Effective performers are proactive in sharing information and are easily accessible, approachable and open. They respond to communications promptly and effectively and escalate needed information to the appropriate person in a timely manner.
Actively listens to instructions or requests for information; asks necessary questions to understand the intent of the request
Communicates in a clear, concise, and understandable manner
Shares important information proactively and in a timely manner
Assertively communicates with parties in a tactful, diplomatic, and professional manner
Gains trust from colleagues by helping to resolve their issues and providing necessary information; recognizes the business concerns and perspectives of others
Effective performers possess a high inner work standard and show pride in their work. They consistently strive to ensure work is complete within deadlines and that all work performed is of a high quality.
Displays an attention to detail and ensures accuracy in all work
Is proactive and takes action without being prompted; doesn’t wait to be told what to do or when to do it; has a strong results orientation
Takes personal accountability for performance and contributions to the team
Consistently does what is required to ensure that work is completed within established timelines
Goes beyond simply what is requested to find creative ways to complete a task or add value