Analyst, Investment Finance Job at OMERS – in Toronto, ON
Are you looking to join a dynamic pension plan that embodies the strong values of its 500,000 members and is an industry leading global investor? If so, we would love to tell you our story.
At OMERS we put our people first and are proud to embrace the diversity of thought and leadership that comes from having locations in Toronto, London, New York, Singapore, Sydney and other major cities across North America and Europe. Our culture is truly one of a kind. We get stuff done, and have fun doing it! We take great pride in contributing to the communities where we live with an ever-constant eye to the global investment markets.
SCOPE OF POSITION
The Analyst will report directly to the Manager, Investment Finance and will be responsible for the accounting and reporting functions, as well as providing transaction support and analytics for the assigned portfolio of Buyout and Growth Equity assets that are part of the Private Equity portfolio. The Analyst will contribute to the completeness and accuracy of financial records for all investments and establish a close working relationship with other members within the Finance team.
Financial Reporting & Analytics
Supports the Deal Team and OMERS on various financial reporting and analytics for the Buyout PE and Growth Equity investment portfolios;
Assist in preparation of performance return information (e.g. IRR, total return, etc) for the full portfolio and by segments, and prepare various management reports;
Prepare schedules and reconciliations to validate reports produced by Investment Operations and Corporate Financial Reporting teams
Prepares entries to the General Ledger with appropriate analysis and supporting documentation;
Prepares hedge rebalancing and allocation appropriately consistent with the OMERS policies;
Prepares monthly and year-end working papers with appropriate analysis and supporting documentation for annual financial reporting and audit purposes, and liaises with internal and external auditors accordingly;
Prepares inputs for the quarterly forecast and annual budget,
Participate in preparation of Operating Plan, including engaging stakeholders in development of assumptions, preparing calculation of metrics and putting together the referenced working paper.
Collaborate with valuation team by compiling and supplying relevant information for quarterly valuation exercise, in a timely manner.
Prepares quarterly and/or annual legal entity financial statements including notes and audit working papers in accordance with the appropriate accounting standards, as well as corresponding tax kits;
Participate in accounting research projects, as required.
Prepare cash flow forecast, as required;
Prepare wire instructions and bank reconciliations, as required.
Assist in the gathering of financial and operating information for compliance reporting purposes;
Responsible for preparing information for statutory and other reporting, as required;
Maintain various trackers to ensure our paid in capital aligns with legal records and are complete and accurate.
Acts as back-up to cover duties of other team member(s) in relation to the Private Equity portfolio;
Other duties and ad hoc projects as assigned.
University degree in Business or related discipline;
Completion or enrolment in Chartered Professional Accountant designation;
Knowledge of IFRS and pension accounting is preferred;
Investment Accounting experience is an asset;
Knowledge of eFront and PowerBI is an asset;
Highly proficient in Microsoft Office tools especially Excel and Powerpoint (intermediate to advanced level);
Excellent analytical, quantitative and problem-solving skills;
Strong written and verbal communication skills, combined with strong attention to detail; and
A strong team player able to operate in a fast-paced environment with numerous priorities and deadlines with effective organization time management skills.
Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with $105 billion in net assets as at December 31, 2020. OMERS is a jointly-sponsored pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. Contributions to the Plan are funded equally by members and employers. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.
OMERS is committed to having a workforce that reflects the communities in which we live and work. We are an equal opportunity employer committed to a barrier-free recruitment and selection process. At OMERS inclusion and diversity means belonging. How we create a sense of belonging is through our employees and our vast network of Employee Resource Groups. Whether you are passionate about gender, pride, or visible minorities, we have groups that are focused on making a difference in all of our lives.
At OMERS and Oxford the office or worksite is our primary place of work. We are committed to providing work environments which promote the health, safety and well-being of all employees in accordance with public health regulation and guidance. Accordingly, employees are required to provide evidence of full vaccination or have an approved exemption.
About the Company
Company: OMERS –
Company Location: Toronto, ON