Controller Pooled Funds
Controller Pooled Funds
Posted on :
02-05-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Our client Connor Clark & Lunn Financial Group (CC&LFG) stands as Canadas largest independent asset management firm evolving into a global enterprise with assets exceeding $139 billion. CC&LFG offers a diverse array of traditional and alternative investment products and services independently managed through 14 affiliates and subsidiaries catering to individuals advisors and institutional investors.
CC&LFG is privately owned and takes a longterm approach towards building enterprise value with no intention to go public or to sell its business. This is unique in the Canadian asset management industry as many of the organizations competitors have sold their businesses to large financial institutions. The organization has a strong succession plan in place that will evolve as new leaders join the business and make their impact. The business attracts exceptional individuals who are looking for a longterm career path. Longterm client satisfaction and success depends on the ability to attract motivate develop and retain exceptional investment talent.
The Controller of Pooled Funds will play a pivotal role within their Investment Resource Group significantly influencing the financial integrity and operational effectiveness of CC&LFGs fund reporting group.
Impact & Value
With oversight of financial reporting for approximately 150 pooled and mutual funds this role is central to maintaining the high standards of accuracy compliance and transparency that define the organizations approach to fund is a highly visible collaborative frontfacing role that offers a unique opportunity to contribute meaningfully across the firm not just through but by acting as a thought partner and providing strategic insight to senior leadership.
LocationThis position could be based in either Toronto or Vancouver.
Responsibilities
Prepare and distribute fund financial statements (on an annual and interim basis)
- Consult with and assist numerous external custodians in the preparation of the annual and interim financial statements (the Financial Statements) for the Funds.
- Calculate and quantify the market risks impacting the Funds for disclosure in the Funds Financial Statements.
- Calculate and quantify leverage ratios for disclosure in the Funds financial statements as required.
- Review the Financial Statements of the Funds for accuracy and completeness.
- Work with the external custodians to develop and implement any required changes to note disclosures as required by International Financial Reporting Standards (IFRS) or United States Generally Accepted Accounting Principles (US GAAP).
- Consider opportunities and implement improvements to increase the overall brand appeal of the financial statements of the Funds across custodians and jurisdictions.
- Negotiate audit fees and terms of engagement for all Funds across a number of jurisdictions.
- Work with the Funds auditors on the annual audits of the Funds and act as liaison between the auditor and the external custodians.
- Calculate the allocation of the auditors fees across the Funds and coordinate the payment of these fees from the Funds.
- Participate and present as required at quarterly or interim board meetings for reporting issuer Funds across multiple audit jurisdictions.
- Lead a team with input from internal departments (client reporting investment data and analytics and investment management) and external parties (custodians translators and auditors) to complete the MRFPs for the reporting issuer Funds on an annual and interim basis.
- Ensure the MRFPs are prepared in accordance with regulations.
- Develop a best practice guide to improve the qualitative aspects of the MRFPs.
- Consider opportunities and implement improvements to increase the overall brand appeal of the MRFPs.
- Negotiate fees and terms of engagement for all tax compliance and advisory services.
- Work with external custodians on preparing Canadian trust income tax returns (T3 returns) for the Funds as required and liaise with tax advisors to remain up to date on changes to requirements.
- Work with external custodians and tax preparers to complete US partnership tax filings for the Funds as required.
- Work with international tax advisors to measure risk of uncertain tax positions.
- Work with investment managers to monitor and reduce risk of uncertain tax positions.
- Work with external custodians on preparing the annual GST/HST/QST returns for the Funds and file appropriate GST/HST/QST elections as required.
- Respond to any Canada Revenue Agency (CRA) inquiries or audit requests related to the GST/HST/QST or T3 returns.
- Work with CC&LFGs senior leadership and professional advisors in the development and risk analysis of new fund offerings.
- Work with CC&Ls Legal and Compliance team on gathering information related to the Funds and to implement new or existing legal or regulatory requirements which may apply to the Funds now or in the future.
- Complete or assist in the completion of Statistics Canada regulator custodian and consultant questionnaires and surveys that pertain to the Funds.
- CPA or CFA designation with 10 years of relevant business experience particularly in the investment funds sector.
- University degree preferably specialized in Business or Finance.
- Familiarity with:
- IFRS and US GAAP as it pertains to investment funds
- Tax regulations for Canadian trusts as it pertains to investment funds
- National Instrument 81106 (including 81106F1 and 81106CP)
- CRA HST/GST/QST regulations for Selected Listed Financial Institutions
- US Partnership tax returns and schedules
- Experience managing staff in a finance operations role with demonstrated ability to create strong employee engagement. Staff development and coaching experience is required.
- Effective written and verbal communication skills.
- Proven track record of effectively identifying and solving complex financial and operational problems.
- Ability to think critically analyze situations and develop creative solutions focused on efficiency and improving existing processes.
- Highly organized with an ability to multitask while being able to meet tight deadlines.
- Selfmotivated high degree of ownership and responsibility able to work independently and manage a team.
Employment Type
Full Time
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
