Manager, Segregated Fund Cash - Toronto, Canada - Sun Life

Sun Life

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self.

You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you.

Your leaders will inspire and help you reach your potential and soar to new heights.

Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

The Segregated Funds' Financial Management (SFFM) team within Group Retirement Services Finance is responsible for the daily valuation, accounting control, and financial reporting for over 500 Segregated Funds.

This Manager leads a small team and is primarily responsible for ensuring the plan member cash activity is communicated to the Fund Manager partners and settled appropriately.

The Manager will report to the Director of SFFM.

What will you do?

Lead and oversee the daily processes involved with trading and settlement of underlying pooled/mutual fund units on behalf of the segregated funds
Liaise with Fund Managers and their custodian banking contacts for trading, cash settlement, reporting, and resolution of discrepancies
Manage the bank accounts through oversight and daily and monthly reconciliation
Liaise with other GRS Finance teams to ensure cash communication adjustments and other exceptions to the normal trade automation processes are handled properly within SFFM.
Responsible for ensuring appropriate controls are in place within the daily cash communication process
Identify, develop and implement process improvements
Ensure various daily and monthly reconciliations are completed in compliance with Company standards and guidelines
Responsible for the ongoing training and development of staff through documentation, training, mentoring and coaching
Assist the other SFFM teams as necessary (eg. fund onboarding, reviewing the T3 memos and financial statements at year end, records retention, etc.)
Cultivate a positive and collaborative team environment

Note:

The Manager is required to begin work, or be available to support the morning trade communication process, starting at 7 am

What do you need to succeed?

Postsecondary education combined with investment finance or fund accounting experience
Strong communication and interpersonal skills with the ability to support and influence peers
Good PC skills (Excel, Word, Adobe, Outlook)
Strong analytical & problem solving skills with a high degree of attention to detail
Strong organizational and time management skills with the ability to work effectively while managing multiple tasks
Ability to adapt to multiple demands, shifting priorities and changes in business conditions

Assets:

Business knowledge and experience related to Mutual Funds and/or Segregated Funds Industry
Knowledge of PAM for Securities (PFS) and SAP software
Previous experience with Fundserv

What's in it for you?

20 vacation days per year
Flexible Benefits from the day you join to meet the needs of you and your family
Pension, stock and savings programs to help build and enhance your future financial security
The opportunity to move along a variety of career paths with amazing networking potential
Great Place to Work Certified in Canada and the US.
Named 2021 "Best Places to Work" by Glassdoor
Canada Award for Excellence for Mental Health at Work 202
Flexible hybrid work model
Work and professional development that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives
A friendly, collaborative, and inclusive culture

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work.

Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range:

74,100/ ,800/120 800

Job Category:

Finance

Posting End Date:

03/03/2023