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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
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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.)

Overview:
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.

Responsibilities:
- 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