Fund Accountant
Royal Bank of Canada
Toronto, Ontario, Canada
2d ago

What is the opportunity?

In this role, you will be responsible for the production of an accurate net asset value for the entire fund range, inclusive but not limited to hedge funds, mutual funds, pooled funds and segregated funds.

You will maintain strong working knowledge of the various accounting policies for different fund types, while enhancing productivity by implementing operation efficiencies, and building effective relationships with other departments.

What will you do?

Operational Duties & Service Delivery

  • Ensure all required data for producing the NAV are available and quality ensured (corporate action, pricing) and prepare the Net Asset Value (NAV) for funds
  • Reconcile unit holder capital stock, cash and security holdings and investigate and clear all outstanding issues in a timely manner
  • Analyze & reconcile the general ledger to sub-ledger and resolve outstanding issues in a timely manner
  • Calculate Performance fees (if applicable) and investigate, document and escalate issues / events
  • Prepare the calculation of year-end distributions of income, capital gains and related tax issues
  • Client Service

  • Deliver quality customer service through timely and accurate report delivery
  • Maintain client on site reports in an organized manner and ensure all daily valuations reports are accounted for
  • What do you need to succeed?

    Must-have

  • Post-secondary degree in related field (i.e. Accounting)
  • Securities industry knowledge
  • Investment accounting experience - working knowledge of GAAP / IFRS
  • Strong computer skills, and specifically for Microsoft Excel, and Word
  • Ability to meet tight deadlines and strong analytical skills
  • Nice-to-have

  • Good technical knowledge on calculating Net Asset Value, preparing financial statements
  • Good knowledge of accounting standards and MPOWER / Multifonds.
  • Accounting designation(s) are recommended (i.e. CGA, CMA, CA etc)
  • Other industry related courses or accreditations are also recommended : Canadian Securities course (CSC) or mutual funds course (IFIC)
  • Work Hours :

    Must be flexible to work between the hours of 9am to 8pm

    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.

    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 for our clients and in our communities, and achieving mutual success.

  • Excellent exposure to communicate with various business partners and stakeholders in Investor & Treasury 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
  • About RBC

    Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization.

    We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis.

    We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.

    S. and 37 other countries. For more information, please visit .

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    Inclusion and Equal Opportunity Employment

    RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal / Native American status or any other legally-

    protected factors. Disability-related accommodations during the application process are available upon request.

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