Senior Fund Accountant - Toronto, ON

Scotiabank - Toronto, ON (30+ days ago)

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Requisition ID: 82589

Join the Global Community of Scotiabankers to help customers become better off.

What your role will be...

Senior Fund Accountant

Purpose of Job

Responsible for calculating daily Net Asset Value of the assigned “complex” Mutual Funds/Pools/Classes allowing investors to receive accurate return on their investments
Prepare tax distribution reporting and financial reporting on a monthly/quarterly/yearly basis
Train new hires as well as review and validate functions performed by Fund Accountants

Key Accountabilities

Proficiency in preparing and processing complex fund structures and trading instruments to calculate NAV per share on a daily basis with limited supervision
Independently execute key centralized processes for the entire fund family, such as trades processing, multi-currencies capstock posting, expense calculation and end of day pricing cycle
Provide assistance to Assistant Manager in reviewing pre-NAV packages and final fund price packages submitted by Fund Accountants
Work closely with Assistant Manager to identify and resolve fund accounting related issues
Verify and review accounting postings completed by Fund Accountants and reconcile against Custodians/Brokers for accuracy and reasonability
Assist in reviewing cash and portfolio reconciliations between accounting and custodian records; provide first level review in reconciliation packages submitted by Fund Accountants
Ensure key controls are processed correctly and reviewed thoroughly on a daily basis to enhance consistency in service quality
Act as a liaison between business partners and Fund Accounting teams to provide timely responses on their inquiries
Provide training to Fund Accountants on their daily tasks and responsibilities; provide feedback to Assistant Manager on their developments in their current role
Provide support in the absence of Assistant Manager and to cover absences at all levels
Independently prepare semi-annual and year-end financial statements as well as monthly and year-end tax distribution calculation for assigned funds
Complete ad-hoc requests as assigned by the Assistant Manager or Manager

Functional Competencies

Detail and result oriented;
Ability to multi-task;
Client Service
Risk Control
Communication skills

Educational Requirements

University degree in accounting and financ
2 to 3 years of mutual fund related experience required
Proficiency in fund accounting systems, such as MCH and MPOWER, as well as knowledge in Bloomberg terminal
Strong knowledge in Microsoft Office, such as Outlook, Excel, Access and Word
Excellent analytical and problem-solving skills
Strong communication skills, both written and verbal
Proven ability to work in a fast-paced and deadline driven environment.
Must be flexible and available to work extra hours when required;

Location(s): Canada : Ontario : Toronto

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.