Financial Analyst

at  Manulife

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JOB DESCRIPTION

Manulife Wealth & Asset Management (“WAM”) is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. Our Private Markets segment has expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy and oil and gas. Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt.
Currently, there are several funds and separately managed accounts with external investors in Real Estate, Commercial Mortgages, Private Debts, Timber, Agriculture and Natural Resources with an aggregate Assets Under Management (“AUM”) of over $20 billion. This AUM is expected to grow further over the next few years within both our existing products, the development and the launch of new products, several of which are in various stages of development within the Real Estate class.
The role of the WAM Private Markets Financing Reporting & Advisory team is to support the Private Markets products on all financial reporting aspects of the business. Reporting to the Director of Finance and Reporting, the Financial Analyst will be accountable for completing financial reporting and providing analytical support to produce financial reports and ongoing operations of the offered third-party funds, with a primary focus on the open-ended Real Estate products. This role will work closely with several teams throughout the organization to deliver timely results to Stakeholders. The Financial Analyst role demands not only an in-depth accounting knowledge base but also the ability to work independently and communicate effectively with various stakeholders while managing multiple priorities in line with the deliverable deadlines.

KEY ACCOUNTABILITIES:

• Prepare the quarterly and annual financial statements for multiple Real Estate Funds including disclosures for compliance with IFRS and / or US GAAP frameworks;
• Prepare monthly debt mark-to-market fair value calculations for the Funds’ mortgages;
• Prepare debt covenants calculations and provide lender compliance submissions for the Funds’ mortgages and Credit Facility;
• Coordinate the quarterly Land Transfer Tax filings to the Ministry of Finance;
• Assist in the preparation of the quarterly Board reporting package and provide supporting financial analysis as required;
• Manage the annual audit and work directly with external auditors for the open-ended real estate funds;
• Assist with providing select financial information for the annual tax filings and investor reports;
• Collaborate with various departments including Property Accounting, Fund Accounting, Capital Markets, Portfolio Managers, Asset Management, Tax, etc.
• Assist the team to ensure process and controls are in place to meet Tax, Regulatory and Debt compliance requirements on an ongoing basis;
• Stay current on Accounting, Reporting, Legal and Regulatory developments impacting the Private Markets businesses;
• Assist with ad-hoc projects and new initiatives within the department;

Please refer the Job description for details