Air Canada Pension Investments
ANALYST, PENSION ACCOUNTING
Reporting to the Manager, Accounting & Administration, the Analyst, Pension Accounting will be responsible to perform the procedures surrounding the accounting process for pension plans and master trusts and make sure to follow industry best practices. Note that the level of the role will be adjusted according to the experience of the candidate.
Role and responsibilities
Manage the investment accounting processes following industry best practices of the industry: document all the procedures, follow the regulations, implement the proper tools and reports, put controls in place, peer review.
Perform the NAV calculations and reconcile with the custodian, external portfolio managers and counterparties.
Calculate final Master Trust unit values, net asset values and apply unit price to generate the appropriate journal entries.
Maintain cash books for operating accounts and Plans.
Maintain new accounts and statements/ report in the systems.
Perform the accounting of the Plans (update gain/loss for Master Trust units, update income/expense accruals, process plan activity, contributions, pensions, payments, buybacks, deposits, update market value, reconcile custodian reports).
Reconcile custody fees, management fees, operating expenses, accruals and arrange payments of expenses.
Provide data concerning tax reclaim/ tax filling.
Manage and prepare reports for all Pension Funds requested by the relevant financial authorities.
Respond to any query related to accounting matters.
Participate in any special mandates: we expect the selected candidate to be assigned to special projects under the supervision of the Director, Finance and Performance.
Accounting degree and accounting designation (CPA, other)
2 to 7 years of relevant experience in investment accounting.
Knowledge and skills
Excellent computer systems skills (knowledge of investment accounting systems is an asset).
Experience in a pension fund is an asset.
Good verbal and written communication skills in both French and English.
Ability to work with minimal supervision (proactive) and take the initiative to quickly resolve problems is mandatory.
Good understanding of complex investments.
Knowledge of investments and financial market instruments is required (FX, equity, bonds, listed and OTC derivatives, repo, MBS, etc).
Rigorous, disciplined and well organized (efficient, high quality, well-structured work).
Accuracy and sense of details.
Strong analytical skills with a sense for detail.
Capable of exercising sound judgment decisions.
Autonomous and dynamic.
The position is based in downtown Montreal