Director, Marketable Securities Accounting and Reporting - SLC Management

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. 

We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset.  As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.

Visit our website to learn more and for the most up to date AUM information.

Hybrid Work Model

SLC Management operates in a hybrid environment with a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work two-three days in-office each week with flexibility depending on their business, client and team needs.

Job Description:

What Is in It for You:

The Director, Marketable Securities Accounting & Reporting is responsible for supporting the weekly, monthly, quarterly and annual financial accounting, reporting, and audit deliverables for Sun Life General Assets and Third Party business. This role will provide technical accounting expertise for highly complex financial instruments and requires collaboration among various stakeholders and business partners This role provides technical expertise and support for our various business partners. The incumbent will have four direct reports and will report to the Senior Director, Marketable Securities Accounting and Reporting. The successful candidate will be able to manage their tasks independently, provide leadership on a technical basis, and provide practical solutions to issues identified. 

WHAT YOU WILL DO: 

• Lead the direction, management, and coordination of the monthly and quarterly close process as it pertains to seed investments.

• Ensure an adequate control environment is maintained for the accounting, and reporting processes the team supports. This includes account reconciliations to the corporate ledger for different bases of accounting.

• Oversee the financial reporting and/or accounting support for the Hong Kong, Asia, Singapore, and Bermuda business groups.

• Coordinate the delivery of all Corporate Tax reporting requirements in support for monthly quarterly and annual tax filings returns.

• Maintain oversight of Seed Investments, Limited Partnership and CLO accounting and ensure it is consistent with internal policies and is fully documented. 

• Oversee required entries of all Seed Investments meeting the consolidation requirements under IAS 28: Investments in Associates and Joint Ventures.  

• Liaise with 3rd Party service providers (USBank/BNY Mellon) who provide CLO financial reporting packages. 

• Participate in the on boarding of new business by ensuring all aspects impacting the team are covered and that the team is prepared with necessary procedures and reconciliations.

• Responsible for assisting with the rollout of any new/changes in accounting principles (i.e., IFRS and NAIC) to investment types to ensure the correct accounting is generated.

• Interact and communicate with various business units in analyzing accounting results.

• Act as a lead in coordinating team deliverables in the preparation of internal and external audit requirements (IFRS).

• Assist in providing input to the marketable securities footnote and disclosure requirements to meet regulatory reporting standards for IFRS.

• Assist in team deliverables of the quarterly close process; preparation of internal and external audit requirements (NAIC).

• Assist in the preparation of management presentations of financial results.

• Project work will be required as the need arises, including proactively identifying opportunities and making recommendations for process improvements.

WHAT YOU WILL NEED TO SUCCEED:

• Accounting/Finance designation (MBA or CPA) or 8-10 years of equivalent work experience particularly in investment accounting, preferably within the insurance industry.

• Excellent attention to detail and strong organizational