Senior Analyst, Expense Administration

at  CIBC Mellon

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.
We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

POSITION OVERVIEW:

This position is responsible for managing all aspects of expense processing on a daily basis for fund valuation, in addition to expense reporting and reporting other fund information for investment funds to the extent contracted with clients. This position requires knowledge of investment funds, expense processing, expense budgeting and forecasting, and familiarity to the specific requirements on fund reporting including NI 81-106 . It also requires the ability to prioritize and manage team workloads to meet client Service Level Agreement requirements and deliver a high level of service to clients. The candidate will also be responsible for client prospectus reviews.

QUALIFICATIONS:

• Undergraduate accounting, finance or equivalent degree;
• Enrolment in a professional designation program is preferred;
• Advanced knowledge of Microsoft Excel and Microsoft Word;
• Accounting experience in the investment fund industry;
• Previous experience with budgeting and expense forecasting required;
• Strong analytical skills with ability to work independently and with attention to detail;
• Experience using Invest One fund accounting system would be an asset;
• Excellent verbal and written communication skills.

• Review and approve daily expense accruals including supporting packages for accuracy and completion within deadlines;
• Approve month-end expense reporting tasks and other reporting activities for clients as required;
• Assisting the Manager Financial Reporting & Tax in coordinating the audit of clients;
• Accountability for maintaining relations and dealing directly with clients;
• Review of expense accruals for fixed and variable expenses;
• Review advisory fees and associated rebate calculations;
• Review and arrange payment of monthly expense invoices;
• Review SAM calculation and provide to senior manager and client review;
• Review of fund expense budgeting for clients;
• Review of management expense ratios for accuracy;
• Review of forecasts of management expense ratios as required by client;
• Review of fund expense allocations at fund class level for accuracy;
• Review management expense ratios and total expense ratios for financial statement reporting;
• Review ad-hoc client reports as required;
• Understand the complexities of the fund’s investment mandates and apply that knowledge in production of client management expense reports;
• Maintain up-to-date knowledge of changes made to Securities Legislation;
• Co-ordinate the team to research and respond to the queries from our partners and clients in a timely manner;
• Identify and recommend system or process improvements to enhance departmental efficiencies;
• Escalate key issues in a timely manner to the manager to take remedial action;
• Assist and participate in special projects as required.