Job title: Manager NAV Production

Company: Royal Bank of Canada

Job description: Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title Manager NAV Production

Job Description

What is the opportunity?

RBC Investor Services (IS) provides services to the Investment Management, Broker/Dealer, and Insurance Services industries. These services include Trusteeship, Recordkeeping, Fund Accounting, and Derivatives Support. The Fund Accounting Operations Group is responsible for the timely and accurate delivery of fund valuations.

What will you do?

• Lead a team of Fund Accountants in delivering timely and accurate daily NAVs for a group of mutual funds
• Deliver timely and accurate year-end and month-end distributions
• Ensure all deadlines and Service Level Agreements (SLA) are met
• Monitor the team quality and performance
• Enhance productivity and effective relationships with other departments
• Minimize NAV discrepancies and ensure timely corrective action
• Implement projects including new fund launches and fund mergers
• Ensure that resources are effectively managed to deal with an increase/decrease in the number of funds
• Support the introduction of new technology and operational processes to effectively reduce cost, increase the quality of service and ensure accuracy
• Run client/fund event planning meetings
• Complete annual & semi-annual performance reviews for staff

What do you need to succeed?

Must-have

• Degree or diploma in an Accounting or Finance related field
• Extensive experience in fund valuations
• 5+ years of experience specifically within a fund accounting environment
• Strong knowledge of the fund industry, products, and financial markets
• Knowledge of regulatory requirements for Investment Funds
• Good technical knowledge of calculating Net Asset Value
• Knowledge of Accounting standards
• Strong Analytical skills, ability to multitask and meet tight deadlines, and exceptional problem-solving abilities
• Strong leadership & interpersonal skills
• Fund Accounting System knowledge (MPower)

Nice to have

• Accounting designation or other professional designation (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 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

Job Summary

Address: MISSISSAUGA, Ontario, Canada

City: CAN-ON-MISSISSAUGA

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Wealth Management

Job Type: Regular

Pay Type: Salaried

Posted Date: 2023-08-01

Application Deadline: 2023-08-15

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.

Expected salary:

Location: Mississauga, ON

Job date: Thu, 03 Aug 2023 05:57:09 GMT