Analyst, Fund Accounting
CIBC Mellon
Date: 1 day ago
City: Toronto, ON
Contract type: Full time
Responsibilities
- Calculates the daily net asset value for assigned funds assigned to them (typically the most complex in nature, or for the most complex or strategic clients)
- Prepares financial statements, audit and year end valuation packages, financial reports, fund distributions and preparation of T3 income distribution factors with varying time lines.
- Reviews and reconciles daily transactions of assigned mutual funds - analyzes daily cash flow activities, reconciles assets and cash balances, maintains a balanced cash account. Researches discrepancies; investigates special or questionable transactions, i.e., trade corrections, corporate actions; liaise with clients and their representatives, as well as, internal staff concerning issues affecting the valuation of funds
- Inputs all capital stock transactions and ensures capital stock is balanced. Input manual entries that affect a fund, such as, fee payments. Accounts for all cash deposits, interest, and dividend payments.
- Performs additional audit checks to support the calculation of net asset values; analyzes the increase or decrease of the net asset value of a fund
- Reports the daily net asset value of funds to clients, their representatives, and newspapers, according to instructions
- Contributes to the preparation and review of interim and year end distribution calculations
- Ensures client inquiries are responded to on a timely and thorough basis
- Contributes to documentation of departmental policies and procedures, and conducts regular audits to ensure staff are following them
- Completed post-secondary education
- A minimum of 2 years progressive experience in Fund Accounting
- Canadian Securities Course
- Advanced knowledge of office productivity software (e.g. Microsoft Excel)
- Advanced knowledge of InvestOne
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