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Jr. Fund Accountant to be responsible for accounting and fund administration for a large banking client - 134686

Job Type: Contract
Positions to fill: 1
Start Date: Jul 04, 2022
Job End Date: Dec 05, 2022
Pay Rate: Hourly: Negotiable
Job ID: 120216
Location: Toronto
Title: Jr. Fund Accountant
Location: WFH - Will move to hybrid 1-2 days per week (DT)
Contract: 6 Months - Possibility for extension or conversion

(The candidate must have personal laptop or desktop.)

Responsible for the accounting and fund administration, fund valuation, cash reconciliations, client relations and record management. Completes daily pricing/reporting requirements and regular fund accounting. Analyzes financial information and prepares financial reports to determine or maintain record of financial activities within the organization.

- Calculates daily, weekly and monthly net asset value (NAV) for appropriate funds
- Prepares monthly cash flow investment activity reports and year-end balances for cash, bonds, equities and other invested assets
- Reviews bank statements /cash flows; recording bond amortization and interest accrual adjustments, corporate debt accruals and investment expense accruals
- Monitors and reports on compliance with investment guidelines and statutory regulations.
- Liaises with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation
- Maintains the Fund Accounting System (MPOWER) records for investment transactions, verifying system-generated entries and posting manual entries as necessary
- Analyze acquisitions to ensure conformance with strategic goals or regulatory requirements
- Implement fund investment policies and strategies
- May identify group and individual target investors for a specific fund

Must Have:
- Bachelor’s degree in Accounting, Business or Finance
- 2-4 years mutual fund accounting experience or knowledge
- Advanced Excel skills

Nice to Have:
- Experience in financial services industry
- Canadian Securities Course (CSC)
- MPOWER or related system experience