Manager, NAV Production

Toronto, Canada
Aug 14, 2019
Aug 17, 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
What is the opportunity?

In this role, you will be responsible for the management of the NAV Production team which includes coaching, mentoring, and leading people. You will be responsible to ensure RBC Investor & Treasury Services (I&TS) policies & procedures are strictly adhered to and ensure that all department processes & controls are being followed. You will foster a mindset of client-centric service and collaboration; and seek out opportunities for process enhancements, simplification, STP, and automation.

In addition, you will be responsible for the ongoing production of accurate net asset values (NAVs) for the team's entire fund range and be accountable for updating and evolving processes and procedures to minimize risk.

What will you do?
  • Provide oversight of daily, weekly, semi-monthly or monthly fund valuations prepared by the team and ensure the consistency & accuracy of the team's daily deliverables
  • Act as the primary escalation point within the team and escalate to senior management when required
  • Establish an environment of continuous improvement that assesses workflow, processes and procedures on an ongoing basis, ensuring maximum efficiency and quality within the team
  • Coach Supervisors, Senior Fund Accountants, and Fund Accountants on process, risk, and controls to increase level of knowledge within the team
  • Provide oversight of NAV control process and of fund distribution output
  • Monitor reconciliation activity (cash, security and unit-holder) and act as primary point of escalation for all outstanding breaks
  • Responsible for evolution of procedures & controls to reduce or eliminate operational risk
  • Encourage collaboration with internal units (AIS, DSD, Custody, Transitions, Product, IT, Compliance, etc) to provide solutions and create positive client experiences

What do you need to succeed?

  • University degree or equivalent (Accounting, Business, or Finance preferred)
  • Extensive funds industry experience and proven experience in Fund Accounting/Pricing/Client Reporting environment
  • Financial markets experience (Custodian/Fund Manager/Broker)
  • Knowledgeable of geography's regulatory environment
  • Strong knowledge of accounting standards (IFRS and country specific accounting standards)
  • Sound planning, organizational, and management skills
  • Good networking and client relationship skills
  • Computer literacy

  • Accounting designation (CPA, CA, CMA, CGA)
  • Other designations (CFA)

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • Excellent exposure to communicate with various business partners and stakeholders in Investor & Treasury Services and within other platforms as appropriate
  • Opportunity to obtain hands-on experience throughout your role
  • Working with an exciting, close-knit, supportive & dynamic group
  • Opportunity to collaborate with other business segments within the bank
  • Excellent career development and progression opportunities
  • A comprehensive Total Rewards Program including bonuses and flexible benefits
  • Competitive compensation

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