Associate, Private Markets Operations

Investment Management Corporation of Ontario (IMCO)•Toronto, ON

1d•CA$70,000 - CA$100,000•Hybrid

About The Position

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career. Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm. This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise. If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you. This is a 12 month contract opportunity. Reporting to the Manager, Private Markets Operations, the Associate will be primarily responsible for providing support to the team, as it pertains to the ongoing operations and administration of the Private Equity & Global Credit portfolio. The Associate’s primary responsibility will be the end-to-end lifecycle of Global Credit investments, and on-going support of these investments (including investment closings, administrator oversight, valuations, reporting).

Requirements

A university degree in Accounting, Business, Finance or a related discipline is required.
3+ years of experience in investment management, with direct experience working in Investment Finance or Investment Operations.
Exceptional problem-solving and researching skills with a strong attention to detail.
Strong accounting skills with an ability to interpret and understand financial statement information received from General Partners and third-party administrators.
Ability to consistently deliver quality outputs in a fast-paced environment, with an ability to work to tight deadlines and the capability to handle multiple projects and ad-hoc requests simultaneously.
Strong written communication skills with the ability to explain complex issues in a clear and compelling manner and present information to internal stakeholders.
Strong interpersonal skills with the ability to interact with colleagues at all levels and cultivate key partnerships to work collaboratively with internal and external stakeholders as well as third-party administrators.
Demonstrated ability to be proactive and take initiative to understand, support and implement goals and objectives.

Nice To Haves

CPA, CFA, and/or AACI designation (or working towards the designation) an asset.
Experience in the asset management industry is preferred.
Knowledge of Private Market Investments and Private Market Valuations (Private Equity and Global Credit) is preferred.
Experience with system implementation an asset.
Knowledge of accounting standards (IFRS, Pension Accounting) an asset.

Responsibilities

Facilitate investment closings by ensuring completeness of all necessary documentation and appropriate authorizations are in place.
Reconcile investment level financial statements and information to internal accounting records.
Review valuation reports and models to ensure that appropriate valuations are recognized/recorded and liaise with external vendors to satisfy queries/issues.
Participate in the Global Credit solution implementation including data migration and testing/validation.
Prepare routine and ad-hoc requests made by internal/external stakeholders.
Prepare financial statement note support and reporting schedules for year-end purposes.
Partner with various stakeholders (e.g. Performance, Data, Front Office, etc.,) to ensure quality reporting is produced on a timely basis.
Liaise with external clients to meet information and reporting requirements.
Assist other Private Operation teams as needed.
Other duties as assigned.