Director, Investment Portfolio Accounting & Controls
The Manufacturers Life Insurance Company
Montreal, QC CA
2h ago

Job Description :

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

Manulife's Investment Division manages the Company’s General Fund on-balance sheets assets (GA) and through Manulife Asset Management, manages assets for institutional clients and investment funds in key markets around the world.

Manulife Asset management also provides investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock.

The division manages a broad range of investments including public and private bonds, public and private equities, mortgages, real estate, oil and gas, infrastructure, timberland, farmland and asset allocation strategies.

The division has physical presence in key international financial centers, including Canada, the United States, Hong Kong, Japan, the United Kingdom, Australia and throughout South East Asia.

The Investment Division is a significant market player.

Reporting to the AVP Business Support, the Director, Investment Accounting & Controls will be responsible for engaging to continuously improve the accounting processes and implement controls in the new investments accounting book of record system.

The director will participate in the continuing phases of the accounting system implementation and to act as the go to person for any complex transactions or issues.

In addition, the director is expected to perform risk management and to be able to constantly challenge the status quo and come up with recommendations of best practices or improvements.

Furthermore, the incumbent will need to exercise professional judgment at all time to ensure proper safeguard the assets of the company.

To be successful in the role, the candidate will possess not only the experience and knowledge of Wealth & Asset Management business but must build relationships with all levels and disciplines throughout the global company and to have the ability to communicate in a simplified and understandable manner.

Responsibilities :

  • Identify and implement continuous financial process improvements to create efficiencies and improve the timelines for existing deliverables.
  • Responsible for the maintaining accurate Portfolio Accounting Data and management of the downstream stakeholders
  • Demonstrate advanced knowledge regarding technical aspects of work. Able to review data for reasonability and identify root causes and drivers of the results.
  • Use appropriate judgment in dealing with issues and requests, demonstrating an ability to effectively prioritize work, balance resource requirements and determine solutions.
  • Play a key role in the Accounting Book of Record for investments implementation and data conversions
  • Support various initiatives and ad-hoc requests, and approach new work with curiosity and creativity. Identify capacity within the team, help find solutions to roadblocks, escalate issues when required.
  • Develop and enhance appropriate dashboard and monitoring application.
  • Develop an integrated and intuitive view of Portfolio Accounting business-as-usual deliverables and processes.Identify milestones, flag interdependencies, proactively identify actual or potential issues
  • Support change management planning and efforts as required, namely with respect to the global mandate of Investment Portfolio Accounting team.

    e.g. approach to dealing with opposite views, stakeholder engagement plan, communications cadence, etc.

  • Participate in projects as assigned to develop and implement new AABOR systems and products.
  • Manage a team of 5-8 professionals towards achieving team objective.
  • Qualifications :

  • University degree in accounting.
  • Accounting designation (CPA) with 10+ years of relevant experience in progressive accounting roles (Investment funds or insurance company would be an asset)
  • Experience in an audit firm an asset.
  • Strong technical understanding of fund management.
  • Strong interpersonal skills with the ability to collaborate negotiate and influence effectively.
  • Self-starter with the ability to work independently, particularly in the area of using sound, independent judgment, problem-
  • solving and analytical skills.

  • Results oriented, able to manage expectations, work under tight deadlines and manage competing priorities.
  • Strong business acumen with ability to communicate complex financial concepts and results in a clear, concise, easy to understand manner (written and verbal).
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