Manager, Fund Accounting

MUFG Investor Services•Toronto, ON

11h•CA$82,500 - CA$121,000•Onsite

About The Position

This is a newly created position for a Manager, Fund Accounting. The role involves managing a team of fund accountants responsible for client deliverables such as NAV production, financial statements, and associated reports. The manager will also be responsible for managing client relationships, acting as an escalation point for client queries, and ensuring client satisfaction and retention. Key responsibilities include ensuring the accuracy of team deliverables, meeting service level agreement deadlines, training and developing the team, coordinating resources for cross-training and coverage, and taking accountability for the audit process. The role also requires ensuring processes adhere to operational controls (SOC1), timely billing and collection of fees, participation in system initiatives and projects, and tracking client profit margins, staff utilization, incident management, and risk reduction.

Requirements

Post-secondary education/University Degree with a concentration in finance or accounting.
At least 5 years' experience working in the fund administration industry with excellent people management experience. This can include other administrators, investment managers or fund auditors.

Nice To Haves

Completion or interest in a professional accounting designation (CA, CGA, CMA, ACCA, ICAEW CFA (or equivalent)) an asset but not required.

Responsibilities

Managing a team of fund accountants responsible for client deliverables such as NAV production, financial statements and associated reports.
Manage client relationships and act as escalation point for all client queries and resolve issues/queries raised by the client in a timely manner.
Maintain a high level of client satisfaction and retention.
Ensure the accuracy of client deliverables prepared by their team and take accountability for meeting service level agreement deadlines.
Ensure that the team is appropriately trained, engaged and as efficient and effective as possible in achieving organizational targets and goals.
Assist in the co-ordination of resources and make sure that appropriate cross training and coverage is in place to meet client and organizational expectations for deliverables.
Take accountability for the audit process, prepare financial statements or review such if prepared by other parties.
Ensure all processes are performed in accordance with operational controls as stipulated in SOC1 and all relevant checklists are completed.
Ensure all fees are billed on time and collected in a timely manner for their assigned team.
Participate actively in various system initiatives and projects as well as contribute to idea generation for future process or technological improvements. Expected to participate on both a local and global level.
Accountable for tracking and managing; Client profit margins, staff utilization and overtime, client relationship risk reviews, incident management and risk reduction.