Director, Marketable Securities Accounting and Reporting - SLC Management - Sun Life Financial

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. Our history of organic and strategic growth reflects this commitment with over CA$374/US$283 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. 

We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset.  As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.

Visit our website to learn more and for the most up to date AUM information.

SLC Management offers a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three or more days in-office each week with flexibility depending on their business, client and team needs.

What Is in It for You:

The Director, Marketable Securities Accounting & Reporting is responsible for supporting the weekly, monthly, quarterly and annual financial accounting, reporting, and audit deliverables for Sun Life General Assets and Third Party business. This role will provide technical accounting expertise for highly complex financial instruments and requires collaboration among various stakeholders and business partners This role provides technical expertise and support for our various business partners. The incumbent will havefourdirect reports and will report to the Senior Director, Marketable Securities Accounting and Reporting. The successful candidate will be able to manage their tasks independently, provide leadership on a technical basis, and provide practical solutions to issues identified. 

WHAT YOU WILL DO: 

• Lead the direction, management, and coordination of the monthly and quarterly close process as it pertains to seed investments.

• Ensure an adequate control environment is maintained for the accounting, and reporting processes the team supports. This includes account reconciliations to the corporate ledger for different bases of accounting.

• Oversee the financial reporting and/or accounting support for the Hong Kong, Asia, Singapore, and Bermuda business groups.

• Coordinate the delivery of all Corporate Tax reporting requirements in support for monthly quarterly and annual tax filings returns.

• Maintain oversight of Seed Investments, Limited Partnership and CLO accounting and ensure it is consistent with internal policies and is fully documented. 

• Oversee required entries of all Seed Investments meeting the consolidation requirements under IAS 28: Investments in Associates and Joint Ventures.  

• Liaise with 3rd Party service providers (USBank/BNY Mellon) who provide CLO financial reporting packages. 

• Participate in the on boarding of new business by ensuring all aspects impacting the team are covered and that the team is prepared with necessary procedures and reconciliations.

• Responsible for assisting with the rollout of any new/changes in accounting principles (i.e., IFRS and NAIC) to investment types to ensure the correct accounting is generated.

• Interact and communicate with various business units in analyzing accounting results.

• Act as a lead in coordinating team deliverables in the preparation of internal and external audit requirements (IFRS).

• Assist in providing input to the marketable securities footnote and disclosure requirements to meet regulatory reporting standards for IFRS.

• Assist in team deliverables of the quarterly close process; preparation of internal and external audit requirements (NAIC).

• Assist in the preparation of management presentations of financial results.

• Project work will be required as the need arises, including proactively identifying opportunities and making recommendations for process improvements.

WHAT YOU WILL NEED TO SUCCEED:

• Accounting/Finance designation (MBA or CPA) or 8-10 years of equivalent work experience particularly in investment accounting, preferably within the insurance industry.

• Excellent attention to detail and strong organizational skills.

• Ability to provide leadership to other team members.

• Strong verbal and written communication skills.

• Ability to resolve issues independently with various business partners and identify process improvement opportunities.

• Ability to prioritize multiple tasks.

• Experience working with large data sets and presenting to management.

• Knowledge and experience with report writing tools.

• Ability to work independently with minimal supervision and meet tight reporting deadlines on deliverables.

• PAM for Securities and SAP knowledge/experience would be an asset.

• NAIC Knowledge and relevant experience a plus

Notes/Unique Requirements:

• Peak demand for reporting and analysis information at monthly and quarterly intervals results in potential overtime.

Why SLC Management?

• Opportunity to work for a growing global institutional asset manager
• Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more
• Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account
• A flexible work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development #WeWinAsATeam
• The opportunity to move along a variety of career paths with amazing networking potential
• Award winning workplace culture - Great Place to Work® Certified in Canada and the U.S., “Best Places to Work in Money Management” by Pension & Investments, “Top 10” employer by the Boston Globe's “Top Places to Work” two years running

SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees. Successful candidates will be required to declare personal investment accounts and securities investments as well as seek preclearance on future transactions including those of household members.

We consider various factors in determining actual pay including your skills, qualifications, and experience.  In addition to salary, this position is eligible for incentive awards based on individual and business performance as well as a broad range of competitive benefits.

We are committed to fostering a diverse, equitable and inclusive environment, where all employees feel valued, respected, and supported.  We are dedicated to building a diverse workforce offering wide perspectives and creative ideas that benefit our clients, teams and the communities where we operate. Research shows that women and underrepresented groups tend to apply only if they meet 100% of the criteria. We encourage applications from qualified individuals from all backgrounds even if they don’t meet every criteria in the job description.

We will make reasonable accommodations to known physical or mental limitations. Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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