Fund Accounting - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary

What is the opportunity?

In this role, you will be responsible for the production of an accurate net asset value for the entire fund range, inclusive but not limited to hedge funds, mutual funds, pooled funds and segregated funds.

You will maintain strong working knowledge of the various accounting policies for different fund types, while enhancing productivity by implementing operation efficiencies, and building effective relationships with other departments.

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 funds
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 subledger and resolve outstanding issues in a timely manner
Calculate Performance fees (if applicable) and investigate, document and escalate issues/events
Prepare the calculation of yearend distributions of income, capital gains and related tax issues
Deliver quality customer service through timely and accurate report delivery
Maintain client on site reports in an organized manner and ensure all daily valuations reports are accounted for

What do you need to succeed?

Must-have

Postsecondary degree in related field (i.e. Accounting)
Securities industry knowledge
Investment accounting experience working knowledge of GAAP/IFRS
Strong computer skills, and specifically for Microsoft Excel, and Word
Ability to work in a fastpaced environment and meet tight deadlines
Analytical skills with strong attention to detail
Flexibility to work between the hours of 9am to 8pm

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 handson experience throughout your role
Working with an exciting, closeknit, 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, Auditing, Detail-Oriented, Expense Management, Finance, Financial Accounting Systems, Financial Analysis and Reporting, Financial Recordkeeping, General Ledger Administration, Generally Accepted Accounting Principles (GAAP)

Additional Job Details

Address:

RBC CENTRE, 155

WELLINGTON ST W:

TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.

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