Specialized Finance Analyst - Equity Underwriting

at  TD Bank

JOB DESCRIPTION

The primary role of the Specialized Finance Analyst (Equity Underwriting) is to support the Equity Capital Markets (ECM) group in the TD Securities Front Office. The analyst also supports the accounting for the Debt Capital Markets (DCM) group during vacation coverage.

Key responsibilities within this role include, but are not limited to:

• Liaise with Equity Capital Markets (ECM) associates to collect necessary data to calculate and report the profit and losses on all of TD Securities’ equity underwriting deals.
• Calculate and report capital requirements for committed Equity Underwriting deals to comply with CIRO rules and regulations. Review all documents and transactions to ensure proper capital requirement is calculated.
• Collaborate with ECM and Syndication Operations team to resolve any discrepancies related to equity underwriting process.
• Record and reconcile all management, interim and final payments received from other brokers throughout the month.
• Ensure all payments of underwriting fees for TDSI lead deals are done in a timely manner.
• Reconcile and disburse final fee payments to syndicate members. Accuracy and timely manner are key aspects of the final fee disbursement.
• Manage accounts receivable and accounts payables in a good standing order. Ensure A/R and A/P spreadsheet reconciles to G/L at all time.
• Ensure completeness of all file documentation
• At month-end, post accounting entries, perform various reconciliations and prepare month end reports for the balance sheet and P&L.
• Perform flux analysis, revenue share analysis and respond to queries from Finance and other internal areas.
• Cross train with team members on all new issues related functions. Be cross trained and act as backup on these functions.

OTHER QUALIFICATIONS/SKILLS/EXPERIENCE

• Education Requirements – University undergraduate degree in any of the following Finance/Economics/Accounting/Commerce
• Specific Education Requirements – CPA (CA, CMA, CGA) and/or CFA designation achieved or working towards (preferred, but not a requirement)
• Attention to detail and be able to handle huge volume of mails and deals on a daily basis
• High level of analytical skills and trouble-shooting ability
• Thorough knowledge of the complete accounting cycle
• Be able to timely resolve ongoing issues and prepare month end reports within tight business deadlines
• Beneficial to have any knowledge of the various source systems employed by the businesses supported
• Strong micro-application skills, especially as it applies to using current technology to create efficiencies in the performance of daily responsibilities, or the improvement in the presentation of reported data
• Exceptional interpersonal communication skills, with emphasis on the ability to communicate with senior levels of Front-office and Operations staff and management. Communication includes both verbal and written skills, as well as a critical listening ability, and the ability to ask probing questions to understand the various concepts presented/discussed. The individual must also be able to motivate staff of all levels through their communication abilities
• Team-oriented: works well with other team members and keeps all relevant individuals, including Management, updated on useful information in a timely manner. An ability to establish priorities
• Independent thinker and takes initiative to capitalize on opportunities or minimize problems

WHO WE ARE:

TD is one of the world’s leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

• Liaise with Equity Capital Markets (ECM) associates to collect necessary data to calculate and report the profit and losses on all of TD Securities’ equity underwriting deals.
• Calculate and report capital requirements for committed Equity Underwriting deals to comply with CIRO rules and regulations. Review all documents and transactions to ensure proper capital requirement is calculated.
• Collaborate with ECM and Syndication Operations team to resolve any discrepancies related to equity underwriting process.
• Record and reconcile all management, interim and final payments received from other brokers throughout the month.
• Ensure all payments of underwriting fees for TDSI lead deals are done in a timely manner.
• Reconcile and disburse final fee payments to syndicate members. Accuracy and timely manner are key aspects of the final fee disbursement.
• Manage accounts receivable and accounts payables in a good standing order. Ensure A/R and A/P spreadsheet reconciles to G/L at all time.
• Ensure completeness of all file documentation
• At month-end, post accounting entries, perform various reconciliations and prepare month end reports for the balance sheet and P&L.
• Perform flux analysis, revenue share analysis and respond to queries from Finance and other internal areas.
• Cross train with team members on all new issues related functions. Be cross trained and act as backup on these functions