Intern, Investment Operations

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

1d • $45,000 - $65,000 • 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 internship opportunity. It is ideally designed for those who are currently enrolled in a post-secondary education program, or who have just graduated. IMCO is seeking a highly motivated intern currently pursuing a degree in Accounting, Business, Finance, or a related discipline for a 12-month internship opportunity. This role is ideal for individuals interested in Investment, Finance, Accounting, and process automation within the investment industry. The successful candidate will gain hands-on exposure to investment operations, financial reporting, fee oversight, data management, and process optimization, while collaborating with multiple teams across the organization.

Requirements

• Interest in financial services and the investments industry.
• Currently enrolled in or recently completed a university degree in Accounting, Business, Finance, or a related discipline.
• Basic understanding of accounting standards (IFRS, pension accounting) and general ledger preparation.
• Experience supporting daily and monthly accounting and reporting activities.
• Strong working knowledge of Microsoft Office tools, particularly Excel.
• Strong analytical, problem-solving, and decision-making skills with high attention to detail.
• Ability to work independently, manage multiple priorities, and meet tight deadlines in a fast-paced environment.
• Strong written and verbal communication skills with the ability to clearly explain complex information.
• Proactive, collaborative, and continuous improvement mindset.

Nice To Haves

• Professional designations (CPA, CFA,) currently being pursued are considered an asset.
• Minimum of one year of experience in investment administration, investment operations, or fund accounting is an asset.
• Proficiency in Python, SQL, VBA, or other programming languages (experience with automation frameworks is an asset).
• Proficiency in MS Suite (Excel, Word, Power BI, Power Automate).

Responsibilities

• Review and process custody fees, carried interest, and performance and management fees, including fee accruals and invoice preparation.
• Prepare monthly, quarterly, and annual client deliverables, including reporting of accruals, AUM, hedging notionals, and commitments.
• Perform periodic external manager fee reconciliations, variance analysis, and ad-hoc reporting.
• Ensure accurate recording of cost-related activities through journals and supporting schedules in accordance with corporate procedures and accounting standards.
• Support compliance monitoring of investment managers against prescribed guidelines and assist with issue investigation and escalation.
• Assist with internal and external audits by providing required documentation and support.
• Support of an AI-driven operational implementations, helping to establish robust standards and workflows for automated processes.
• Champion innovation and process improvements to enhance operational efficiency.
• Support administrative and documentation activities related to client accounts and pooled fund investments.
• Participate in team projects and perform other duties as assigned.

Benefits

• The base salary range for this position is CAD $45,000 to $65,000.
• IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern