Senior Fund Accountant, Fund Accounting - CIBC Mellon - Toronto, ON

Responsibilities:
– 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.

– Consults with senior staff to make any necessary adjustments accurately to transactions that impact the unit price.

– Provides training to Fund Accountants; assists in problem resolution; assists team members to meet deadlines.

Qualifications:
– Community College degree with focus on accounting or finance, or equivalent training

– 3 years progressive experience

– Completion of Canadian Securities Course