Senior Fund Accountant

Job title:

Senior Fund Accountant

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?The incumbent will be responsible for the ongoing production of accurate net asset values (NAVs) for the team’s entire fund range – inclusive but not limited to hedge funds, mutual funds, pooled funds, and segregated funds. Effective controls and processes must be followed in order to maintain accurate records within the Funds. Business risk to be identified, managed & mitigated. All audit and regulatory requirements must be clearly satisfied and key service level agreements (SLAs) met. This is evidenced through efficiently managed production & dispatch of fund pricing to our clients. Responsible for assisting with evolving processes and procedures to minimize risk. Review work produced by the Fund Accountants and perform quality control (QC) as per NAV Production procedures. Assist with the training of new employees as required.What will you do?

• Prepare the daily, weekly, semi-monthly, monthly Net Asset Value (NAV) for funds, meeting tight deadlines and Service Level Standards (SLS)
• Ensure all data required to produce the NAV is available and quality ensured (corporate actions, pricing)
• Prepare the calculation of year-end distributions of income, capital gains and related tax issues
• Minimize NAV discrepancies and ensure timely corrective action
• Liaise with external custodians/3rd Parties for the accurate and timely computation of the funds NAV
• Review the work prepared by Fund Accountants for consistency and accuracy and provide training to new Fund Accountants
• Provide clients with prompt responses to service issues or queries in a professional manner that consistently exceeds clients’ expectations
• Participate in manager meetings (as required)
• Participate in client/fund event planning meetings (as required)
• Adhere to all regulatory requirements and accounting standards
• Maintain strong working knowledge of the various accounting policies for different fund types

What do you need to succeed?Must-have

• Ability to work accurately under pressure
• 2-4 years of fund accounting experience, including strong technical knowledge on calculating Net Asset Value, preparing financial statements and knowledge of accounting standards
• Strong securities industry knowledge
• Post-secondary degree in related field (i.e. Accounting)
• Strong Microsoft Office Skills: Excel, Word
• Excellent analytical skills
• Accuracy
• Detail-oriented
• Ability to work in a fast-paced environment & under tight deadlines

Nice to have

• Good technical knowledge on calculating Net Asset Value, preparing financial statements
• Good knowledge of accounting standards and MPOWER
• Accounting designation(s) are recommended
• Other industry related courses or accreditations are also recommended: Canadian Securities course (CSC) or mutual funds course (IFIC)

What’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
• Opportunity to obtain hands-on experience throughout your role
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within the bank
• Excellent career development and progression opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation

Job Skills Accounting, Adaptability, Detail-Oriented, Financial Accounting Systems, Financial Recordkeeping, Information Capture, Investment Operations, Mentorship, Operational Delivery, Time ManagementAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MISSISSAUGACountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: WEALTH MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-10-17Application Deadline: 2024-10-28Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Mississauga, ON

Job date

Sat, 19 Oct 2024 04:09:45 GMT

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