Manager, Investment Operations - Toronto, Canada - University Pension Plan

University Pension Plan

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

OUR COMPANY BACKGROUND & CULTURE
UPP is a ground-breaking jointly sponsored pension plan tailored by and for Ontario's university sector.

Today, we manage $11.8 billion in pension assets and proudly serve over 37,000 working and retired members across four universities and 12 university-sector affiliated organizations.

Our commitment is to protect the security and sustainability of our members' pensions while delivering service excellence to our members and employers.

UPP is a sector-wide plan designed for growth - our doors are open to all Ontario universities.

Our people are the heart of our organization.

Together, we are creating a purpose-driven and inclusive workplace focused on a culture of teamwork, collaboration, and respect — for one another and the world around us.

We're looking for passionate individuals seeking a rewarding career and opportunities to build and shape an exciting new organization with a clear mission, and who share our core values of integrity, inclusivity, ingenuity, and impact.

THE ROLE

The Manager, Investment Operations is responsible for the day-to-day oversight of all investment transactions, investment accounting, and monitoring of the Plan's portfolio.

The role will primary focus on, but are not limited to, public market instruments.

These responsibilities include, but are not limited to, the timely delivery and monitoring of investment and cash instructions, accurate recording of investment expenses and distributions, review of valuation and prices at the custodians, investment reporting, and reconciling and resolving accounting entries.

The incumbent will also be required to have ongoing interactions with external portfolio managers and various service providers.

This is a fixed-term contract for a duration of 15-months with Benefits and Pension

Exciting Benefits include:

Health and dental benefits
Health Spending Account
Lifestyle Spending Account
Pension
Vacation & UPP Days

This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (approximately two days per week in-office).

KEY AREAS OF ACCOUNTABILITY:

Three key areas of accountability for the Manager, Investment Operations include (i) Investment Reporting, (ii) Investment Operations, and (iii) Controls.

SPECIFIC ACCOUNTABILITIES:

Investment Reporting

Build reports that facilitate the continuous oversight on a total portfolio basis; focus on public markets
Utilize technology and systems to design reports that can be assembled and distributed efficiently
Review materials prepared by fund administrator(s) including reports, financials statements, G/L
Coordinate the data between the custodian's analytical systems and reporting service partners (e.g. performance and risk systems)
Work with Corporate Finance to ensure investment accounting data is successfully reflected on the financial statements and notes Facilitate ad hoc reporting requests
Ensure accounting records and performance reporting is aligned
Interact with various external professionals and service providers including auditors and consultants that require customized investment information

Investment Operations

Ensure accurate and timely recording of investment transactions
Maintain an ongoing collaborative working relationship with external portfolio managers and ensure timely recording of external information
Monitor terms and conditions in accordance with Service Level Agreements for all investment service providers, including establishing performance and quality standards and targets and measuring performance
Coordinate with fund administrator for issuance of capital call notices, distribution notices, financial statements, investor capital account statements, and performance reports
Ensure accuracy of management fee and carried interest calculations on private and alternative investments
Assist in the onboarding and integration of external university pension plans into the UPP investment operations and portfolio structure
Assist in the onboarding of new external managers including opening new accounts at the custodian, documenting tax status and implications
Review derivative transactions and ensure correct cash flow in accordance to internal calculations
Recommend operational efficiency improvements where possible
Execute special projects as needed

Controls

Perform appropriate reviews to ensure the data used for reports is accurate
Reconcile and implement controls to ensure data integrity
Implement checks and controls on derivative products and derivative related transactions (including collateral)
Build controls to ensure all transactions have the appropriate authorizations
Monitor ongoing compliance with regulatory reporting requirements and tax filings
Perform monthly and quarterly compliance reviews to ensure the UPP portfolio are managed in accordance with the SI