Oversight Analyst, Fund Accounting

7 months ago

Toronto, Canada CIBC Mellon Full time

**Company Information**:
CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.

We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.

**Position Overview**:
The Fund Accounting Oversight Analyst is responsible for overseeing the dissemination of daily net asset valuations of assigned mutual funds within the Bank of New York Mellon (BNYM)/CIBC Mellon (CM) Service Model. This position coordinates with multiple Centers of Excellence (COE) and internal departments to ensure that client deliverables are accurate and delivered within established service levels, also acting as the main point of contact for Fund Accounting inquires. This role conducts daily transaction and reconciliation review in parallel to Fund Accounting, providing additional research and guidance throughout the day as required. The role also has an increased focus on Canadian-specific activities such as HST, Corporate Action Tax Treatments and Distribution Calculations.

**Responsibilities**:

- Reviews daily transactions of assigned mutual funds - analyzes daily cash flow activities, reviews assets and cash reconciliations, ensures 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
- Reviews daily net asset value calculations in parallel to BNYM Fund Accounting and authorizes end of day prices by performing additional audit checks to support the calculation of net asset values; analyzes the increase or decrease of the net asset value of a fund
- Review daily transaction and reconciliation breaks in parallel to provide additional research and escalation
- Analyze and review ledger impacts of corporate actions applied onto Eagle alongside CIBCM Canadian tax treatment.
- Reviews Expense/HST accruals and payments, monitoring to ensure the communication between Client, Fund Accounting and Custody is fluid.
- Reviews capital stock transactions and ensures capital stock is balanced. Review manual entries that affect a fund, such as, fee payments. Accounts for all cash deposits, interest, and dividend payments.
- Liaison between BNYM COEs, CM internal departments and client to ensure deliverables are accurate, delivered in a timely manner and inquiries are escalated to the correct party.
- Oversees and contributes to the distribution process in coordination with CIBCM Tax Team and BNYM Fund Accountants
- Ensures client inquiries are responded to in a timely and thorough basis
- Contributes to documentation of departmental policies and procedures, and conducts regular audits to ensure staff are following them

**Qualifications**:

- Completed post-secondary education
- A minimum of 2 years progressive experience in Fund Accounting
- Canadian Securities Course
- Advanced knowledge of office productivity software (e.g. Microsoft Excel)
- Advanced knowledge of InvestOne

**CIBC Mellon's Values**:
**Get it Right Every Day**: Deliver service excellence while always acting with the highest ethical standards

**Put Clients at the Centre**: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward

**Be One Family**: Challenge, empower and recognize your colleagues

**Take Ownership**: Speak up, speak out, and make things better

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