Fund Accounting Specialist - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title
Fund Accounting Specialist

What is the opportunity?

In this role, you will be responsible for the ongoing production of accurate net asset values (NAVs) for the team's entire fund range.

Effective controls and processes must be implemented & managed 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.

You will be responsible for updating and evolving processes and procedures to minimize risk, as well as support the Manager in managing the daily operation and in their absence.

In addition, you will provide support and mentoring of team employees to foster development and knowledge

What will you do?

Manage and ensure consistency & accuracy of the team's delivery on a daily basis
Review daily, weekly, semimonthly or monthly fund valuations prepared by Fund Accountants & Senior Fund Accountants
Meeting deadlines as per service level agreements (SLAs)
Act as first line escalation point within the daily production environment and escalate to management where required
Ensure reconciliations (cash, security and unitholder) are complete and outstanding items are investigated & cleared in a timely manner
Provide oversight and supervision of NAV control process (pControl)
Review fund distribution preparation
Participate in interviews for vacant positions
Participate in manager meetings (as required)
Coach Senior Fund Accountants & Fund Accountants on process, risk, and controls to elevate knowledge within the team

What do you need to succeed?

Must-have

Solid funds industry experience
Proven experience in Fund Accounting/Pricing/Client Reporting environment
Financial markets experience (Custodian/Fund Manager/Broker)
Working towards an accounting qualification desirable but not compulsory
Previous analytical exposure is desirable
Ability to work accurately under pressure
Willingness to take on new challenges
Independent, confident, selfmotivated

Nice-to-have

Accounting designation (CPA, CA, CMA, CGA)
Other designations (CFA)
MULTIFONDS Global Accounting System experience
Experience with Offshore funds

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.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and highperforming team
Opportunities to do challenging work
Opportunities to building close relationships with clients

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-MISSISSAUGA, CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Investor and Treasury Services

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

:00

Application Deadline:

:00

Inclusion
and Equal Opportunity Employment
At 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.

Join our Talent Community
Stay 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.