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Form of workJob Summary
Job Description
What is the opportunity?
The incumbent will be responsible for the ongoing production of accurate net asset values (NAVs) for the team’s entire fund range. Effective controls and processes must be implemented & managed to maintain accurate records within the Funds. Business risk to be identified, managed & mitigated. All audit and regulatory requirements must be clearly satisfied, and key service level agreements (SLAs) met. This is evidenced through efficiently managed production & dispatch of fund pricing to our clients. Responsible for updating and evolving processes and procedures to minimize risk. Support the Manager in managing the daily operation and in their absence. Provide support and mentoring of team employees to foster development and knowledge.
What will you do?
- Manage and ensure consistency & accuracy of the team’s delivery on a daily basis
- Review daily, weekly, semi-monthly or monthly fund valuations prepared by Fund Accountants & Senior Fund Accountants
- Ensure consistency & accuracy of the team deliverables on a daily basis
- Meeting deadlines as per service level agreements (SLAs)
- Act as first line escalation point within the daily production environment and escalate to management where required
- Ensure reconciliations (cash, security and unit-holder) are complete and outstanding items are investigated & cleared in a timely manner
- Provide oversight and supervision of NAV control process (pControl)
- Review fund distribution preparation
- Participate in manager meetings (as required)
- Adhere to all regulatory requirements and accounting standards
- Maintain strong working knowledge of the various accounting policies for different fund types
- Coach Senior Fund Accountants & Fund Accountants on process, risk, and controls to elevate knowledge within the team
What do you need to succeed?
Must-have
- Solid funds industry experience
- Proven experience in Fund Accounting/Pricing/Client Reporting environment
- Financial markets experience (Custodian/Fund Manager/Broker)
- Working towards an accounting qualification desirable but not compulsory
- Previous analytical exposure is desirable
- Ability to work accurately under pressure
- Willingness to take on new challenges
- Independent, confident, self-motivated
Nice to have
- Accounting designation (CPA, CA, CMA, CGA)
- Other designations (CFA)
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 hands-on experience throughout your role
- Working with an exciting, close-knit, 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, Adaptability, Detail-Oriented, Financial Accounting Systems, Financial Recordkeeping, Information Capture, Investment Operations, Mentorship, Operational Delivery, Time ManagementAdditional Job Details
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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.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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