Sr. Analyst, Investment Accounting & Reporting

Why you’ll love working here:

• high-performance, people-focused culture

• our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves

• learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth

• membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security

• competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).

• optional post-retirement health and dental benefits subsidized at 50%

• yoga classes, meditation workshops, nutritional consultations, and wellness seminars

• the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers

Job Summary

Reporting to the Associate Director, Investment Accounting and Reporting, the Senior Analyst, Investment Accounting and Reporting is responsible for the General Ledger and performing accounting and reporting functions for all investments of HOOPP (except Real Estate, Private Equities, and Infrastructure).  The Senior Analyst is required to apply Canadian GAAP and IFRS technical knowledge and analytical skills in ensuring the completeness and accuracy of financial records for all investments (except Real Estate, Private Equities, and Infrastructure). This incumbent is expected to build strong working relationships with other departments within Finance as well as other Divisions such as Investment Management, Risk and Information Technology, to ensure accurate accounting of investment activities in the General Ledger.

What you will do:

• Perform month-end reconciliations on a timely basis to comply with monthly and quarterly reporting timelines.

• Analyze financial results on a monthly and quarterly basis to assess reasonability and fluctuations of HOOPP’s investments and income.

• Recommend the correction of investment transactions to Investment Operations in order to ensure accurate information in the investment accounting system (SimCorp Dimension).

• Assist the Senior Manager, Business Process, Investment Accounting in analyzing the impact of new investments or investment strategies as it relates to the operational readiness of Investment Accounting and Reporting.

• Assist the Senior Manager, Business Process, Investment Accounting in completing the annual investment accounting system upgrade by assessing and executing the testing of new and existing Accounting-related functionalities.

• Participate in departmental and divisional initiatives and projects as they impact Investment Accounting and Reporting.

• Prepare, where necessary, manual journal entries to the General Ledger with appropriate analysis and supporting documentation.

• Prepare detailed month-end and year-end working papers with appropriate analysis and supporting documentation for financial reporting and audit purposes.

• Assist in the interim and year-end audits by providing information requested by and responding to questions from external auditors.

• Assist the Associate Director with the preparation of complex financial statements disclosure notes as they relate to investments, including assessing the impact and application of any new accounting policies.

• Collaborate with the Senior Manager, Business Process, Investment Accounting on process improvement opportunities to workflow and processes (system and non-system related).

• Review IT Business Analyst’s testing and perform user acceptance testing of IT’s solution to address production issues before deploying the solution in the production environment.

• Maintain and update internal Finance investment accounting policies and ICFR narratives to ensure that they are current and up-to-date. Collaborate with Senior Manager, Business Process, Investment Accounting on the regular review and update of accounting treatment papers and operating procedures.

• Actively participate in HOOPP’s ICFR program by assisting in the identification and documentation of risks and controls.

• Investigate and resolve ad hoc issues as they arise.

What you bring:

• Exceptional problem-solving and analytical skills, with demonstrated sense of judgement and experience

• Attention to detail, accuracy, and completeness is very important along with the ability to handle multiple tasks efficiently

• Highly results oriented, with a proven ability to meet tight deadlines and to manage conflicting priorities

• Collaborative, professional, accountable, and trustworthy

• Excellent interpersonal and communication skills

• A proven team player, proactive and independent, with a strong desire to learn and develop new skills within a collaborative, team-based environment

• University degree in Business or related discipline

• Successful completion of an accounting designation (CPA)

• Minimum of 5 years experience in accounting for the financial services sector, with proven experience working on large cross-functional projects and/or teams

• Knowledge of accounting standards & principles (GAAP and IFRS)

• The incumbent must possess working knowledge of accounting principles with respect to derivative instruments and marketable securities