Fund Accountant

Job title:

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.What will you do?

• Ensure all required data for producing the NAV are available and quality ensured (corporate action, pricing) and prepare the Net Asset Value (NAV) for the funds assigned
• Reconcile unit holder capital stock, cash, and security holdings and investigate and clear all outstanding issues in a timely manner
• Analyze & reconcile the general ledger to sub-ledger and resolve outstanding issues in a timely manner
• Calculate performance fees (if applicable) and investigate, document, and escalate issues/events
• Prepare the calculation of year-end distributions of income, capital gains and related tax issues
• Deliver quality customer service through timely and accurate report delivery
• Maintain any client on-site reports in an organized manner and ensure all daily valuations reports are accounted for and stored for audit purposes
• Minimize NAV discrepancies and ensure timely corrective action
• Liaise with external custodians/3rd parties for the accurate and timely computation of the funds NAV
• 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

• Post-secondary degree in related field (Accounting or Finance related)
• Securities industry knowledge
• Accounting experience – working knowledge of GAAP/IFRS
• Strong analytical skills
• 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

• Completion of Canadian Securities Course (CSC) or Mutual Funds Course (IFIC)
• Working towards an accounting (or related) qualification desirable but not compulsory
• Previous analytical exposure is desirable
• Knowledge of MPower & pControl an asset
• VBA skills
• Good technical knowledge on calculating Net Asset Value, preparing financial statements

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 Active Learning, Communication, Critical Thinking, Customer Service, Operational Delivery, Process Improvements, 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: 2024-07-04Application Deadline: 2024-07-26Inclusion 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, 06 Jul 2024 03:30:02 GMT

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