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Advisor, Accounting Policies

September 28 2017
Industries Bank, Insurance, Financial services
Categories Certification / Audit, Financial Accounting, Financial Analysis
Montreal, QC

Description:

PSP Investments is one of Canada's largest pension investment managers, with $135.6 billion of assets under management as at March 31, 2017. We invest funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. 
Our skilled and dedicated team of more than 750 professionals manages a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in Private Equity, Real Estate, Infrastructure, Natural Resources and Private Debt. 
Our business offices are in Montreal, New York and London. Our head office is in Ottawa.

PSP Investments is an equal opportunity employer. It is the Company's policy to recruit and select applicants for employment on the basis of their qualifications, with emphasis on selecting the best qualified person for the job. PSP Investments does not discriminate against applicants based on race, color, sex, religion, national origin, disability or any other status or condition protected by applicable law.

 

CORE ACCOUNTABILITY

The Accounting Policies Group function's core accountability is ensuring that PSP's financial reporting and all related internal processes are compliant with applicable accounting standards (IFRS).

Reporting to the Senior Manager, Accounting Policies the successful candidate's role will be to review periodic financial reporting to ensure its compliance with accounting standards.  He/She will also interpret new accounting standards and participate in their implementation in collaboration with internal clients.  Finally, he/she will be called upon to review complex transactions for technical accounting implications.

PRIMARY RESPONSIBILITIES

  • Review, research and document new accounting standards (IFRS) and present to Senior Manager so as participate in their implementation in collaboration with internal clients.
  • Perform technical quarterly and annual reviews of PSP's financial statements for compliance with applicable accounting standards (IFRS) and discuss with Senior Manager potential improvements.
  • Review complex investment transactions and determine, in collaboration with the Senior Manager, the appropriate accounting treatment.  In some cases, suggest changes to preliminary agreements that will provide favourable accounting treatments for the company.
  • Address ad hoc requests by business units while ensuring an integral understanding of the operational needs by meeting with all relevant stakeholders as seen fit, reconciling such needs to both industry practice and financial statement reporting requirements. 
  • To the extent needed, participate and/or present to internal clients and/or senior management findings impact of any changes required due to change in accounting standards, investment transactions or business unit issue analyses.
  • To the extent needed, participate and/or present the Accounting Policies Group's view in technical discussions with respect to accounting/reporting issues raised by internal or external auditors.
  • Assist Senior Manager in establishing and maintaining collaborative network with external peers (direct and indirect) so as to facilitate financial statement benchmarking and establishing market convention.
  • In all the above responsibilities, position papers/memos are the primary and official means of documenting accounting issues, analyses and conclusions.

PROFESSIONAL REQUIREMENTS

Education

  • Bachelor's degree in Accounting.
  • Chartered Professional Accountant (CPA), CA designation.

Experience

  • Minimum 8 years of recent experience in financial accounting for publicly accountable enterprises with strong exposure to complex accounting issues or equivalent experience with one of the big 4 audit firms.
  • Experience in researching and documenting accounting issues with references to relevant accounting standards.
  • Experience in the financial sector/asset management as well as knowledge of financial instruments.

Knowledge & Skills

  • Strong knowledge of IFRS, specifically those pertaining to financial instruments and fair value.
  • Proven analytical skills and attention to detail.
  • Proven ability to learn and grasp complex technical information in a reasonable timeframe.
  • Initiative and resourcefulness in proposing solutions to various accounting issues.
  • High level of autonomy with minimal supervision.
  • Drive and focus on results with a client-oriented mindset.
  • Team player, with the ability to manage projects.
  • Strong verbal and writing skills with the ability to communicate complex accounting information to a non-technical audience.
  • Bilingualism and excellent English language redaction and reporting skills required.

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