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Toronto, Ontario, Canada · On-site
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Sign up with Clera and we'll reach out the moment a role actually fits you — no more spraying applications into the void.
$67k–$110k/yr
Full-time
bachelor degree
Bonuses, Flexible benefits, Competitive compensation, Stock options, Coaching and development opportunities, Flexible work/life balance options
Posted 9d ago
Apply by Aug 21
~38 hrs/week
Responsibilities
The manager will oversee daily Net Asset Value (NAV) production and ensure accurate accounting for portfolio transactions and valuations. They will also lead and develop the operations team while driving process improvements and maintaining internal controls.
Requirements
Candidates must have a post-secondary education in Finance or Accounting and at least 5 years of experience in mutual fund accounting and NAV calculations. Strong leadership skills, proficiency in Microsoft Excel, and knowledge of security lifecycles are essential.
Full job description
Job Description
What is the opportunity?
As part of a high performing team, you will drive operational excellence within the RBC GAM Fund & Portfolio Operations team. This role combines technical expertise in fund accounting, investment and portfolio operations with strong leadership capabilities to deliver ongoing improvements and oversight of major controls. You will lead a team responsible for accurate and timely valuation of RBC GAM mutual funds, overseeing daily Net Asset Value (NAV) production and ensuring valuations and reporting to all systems and stakeholders within fixed deadlines.
What will you do?
NAV & Valuation Operations Oversight
Oversee daily NAV production and valuations across all RBC mutual funds
Ensure accurate accounting for portfolio transactions, income accruals, corporate actions, expenses, cash management and unitholder transactions
Ensure reconciliation of portfolio holdings, cash, units and general ledger balances
Oversee security lifecycle from trade capture through settlement and reconciliation
Review valuation exceptions and pricing discrepancies, including security valuations (fixed income, equities, derivatives, privates)
Maintain internal controls over valuation processes and act as the escalation point, providing guidance on valuation issues, accounting treatments and ongoing accuracy of Accounting Book of Record (ABOR)
Ensure compliance with fund prospectuses, valuation policies, accounting standards and regulatory guidance
Support internal and external audits by providing technical expertise and documentation
Support improvement of EAGLE Accounting, Gresham Reconciliation and other platforms; system implementations and technology initiatives
Leadership & Team Management
Lead, coach, and develop fund and portfolio operations team
Drive operational improvements, process automation, operating procedures and documentation
Establish relationships with operations leads, technology, custodians, transfer agents, pricing vendors, auditors, portfolio managers and compliance
Ability to communicate complex accounting matters to technical and non-technical audiences
What do you need to succeed?
Must Have
Post-secondary education in Finance, Accounting, or related field
5+ years in mutual fund accounting operations and NAV calculations; with people leadership and management experience
Knowledge of corporate actions, cash management, security lifecycle, derivatives and reconciliation experience
Strong problem-solving skills, high attention to detail and effective communicator
Advanced Microsoft Excel (PivotTables, Macros, advanced formulas, VBA preferred)
Nice to Have
CFA, CIM, CPA equivalent designation
EAGLE accounting and portfolio management system
Knowledge of derivatives accounting and alternative investment valuation
Data analytics tools (Power BI, Python, SQL, PowerQuery) including AI application
Experience with pricing data applications Bloomberg, Thomson One (LSEG), etc.
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.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Flexible work/life balance options
Opportunities to do challenging work
Opportunities to take on progressively greater accountabilities
Access to a variety of job opportunities across business and geographies
Note:Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.
Pay Range
The expected pay range for this position is:
$67,000.00 - $110,000.00
The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.
You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Related keywords
Fund AccountingNAVPortfolio OperationsFixed IncomeEquitiesDerivativesReconciliationEAGLE AccountingGreshamVBAPower BIPythonSQLBloombergLSEGCorporate Actions
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