Investment Accounting Senior Specialist

Are you looking for a supportive and collaborative workplace with great benefits and clear career development? You’ve come to the right place.

Why choose Manulife?

• Competitive Salary packages and performance bonuses
• Day 1 HMO + FREE coverage for your dependents (inclusive of same-sex partners)
• Retirement savings benefit
• Rewarding culture that values wellness and well-being
• Performance Bonus
• Global network of industry experts
• Extensive training resources

Job Description:

The Investments Accounting Senior Specialist is primarily responsible for the accounting, reporting, analysis, and interpretation of data related to impaired securities found on the internal AABOR (Accounting and Administrative Book of Records) and for ensuring accurate and timely accounting and reporting for impaired securities in accordance with company policies.

Key Responsibilities:

• Accountable for Canadian GAAP, US GAAP and STAT (NAIC) accounting for impaired securities and ensuring the accounting is complete, accurate and timely
• Prepares all input related to impairments for Canadian GAAP, US GAAP and STAT (NAIC) accounting and ensuring the input is complete, accurate and timely
• Prepares reconciliation between company book of records and Lawson for each accounting basis, i.e., Canadian GAAP, US GAAP and STAT on all impairment related accounts
• Prepares Summary of Provision Reports for Bonds, Stock and OIA securities for Canadian GAAP, US GAAP and STAT (NAIC) accounting and reconciles the reports to accounting book of records, Lawson and Market Value Data Warehouse. Investigates and works effectively with Sec Ops in Toronto and Boston to explain any variances
• Recommends accounting entries to record late impairments or to correct accounting for impaired securities at month-end and proposes changes to process on accounting book of records.
• Raises complex or outstanding impairment issues to management attention for further actions, as required
• Investigates and works effectively with Sec Ops in Toronto and Boston to explain all significant impairment variances prior to month-end
• Prepares a report at quarter-end to explain movement in provisions for review by management and ICG
• Prepares a Watch List report at quarter-end provisions for review by management and ICG
• Prepares a Trading Loss report at quarter-end provisions for review by management and ICG
• Provide support for projects, new functionality and accounting testing
• Maintains detailed files on all impaired securities including all transactions and backup
• Prepares notional transfers accounting for gains and losses for inter-segment transactions
• Assists in Suspense reconciliation and quarterly reporting to Corporate
• Performs the general ledger to accounting books reconciliation and accounts for all variances
• Preparation of all internal and regulatory reporting as it relates to Provisions and Impairments for CGAAP, USGAAP and USSTAT (NAIC)
• Reconciliation of the Securities accounting system to the General Ledger for CGAAP, USGAAP and USSTAT
• Ensures accurate and timely internal, regulatory and ad-hoc reporting
• Business re-engineering of current processes in order to streamline and gain efficiencies

Qualifications:

• Must be a graduate of any business courses preferably in accounting
• Candidate must have at least 3-5 years working experience in the Investments industry, preferably within a securities accounting area
• Hybrid Work Arrangement: Amenability and readiness to work onsite and from home anytime (dependent on business need AND/OR current external environment/situation) and must be willing to work on night shift schedule

Minimum Skills to Hire/Must Haves:

• Strong investment/securities knowledge – knows how equities fixed income instruments work; can calculate interest payments and perform variance analyses and UAT testing; has strong reconciliation experience between book (general ledger) and bank activities
• Strong accounting knowledge – knows how to post journal entries (JETS) like debits and credits; deals with accounting framework and analyze accounting variances (income or expense)
• Enrolment in or successfully completed professional designation or graduate degree (i.e. CPA, CGA, CMA, CFA) or relevant work experience
• Post-secondary education, specializing in business or equivalent experience in securities accounting environment
• Excellent written and verbal communication skills. Ability to converse effectively using the English Language
• Strong conceptual skills, diagnostic, analytical and problem-solving skills and ability to exercise flexibility and judgment
• Ability to work in a tight deadline-oriented environment
• High level of accuracy and keen attention to detail

Let's make every day better together. Learn about our opportunities at JOBS.MANULIFE.COM
 

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Hybrid