Fund Accountant

VTRAC Consulting Corporation

“Solutions for Growth”


Please e-mail your resume as a MS-WORD document in confidence , Subject: Fund Accountant

JOB No. 8289 , Attention: or call: 416-366-2600 – 232

Job No.:                              8289

Position:                             Fund Accountant

Position Type:                  Contract – 12 Months

No. of Positions:              2

Location:                            Toronto, ON


Fund accounting operations involves all activities related to producing an accurate financial record of the funds, ensuring the funds and relevant processes are compliant with the rules of NI 81-102 and SOX (Sarbanes- Oxley Act). On each business day, all financial activities are posted to the books and records of individual funds, a profit and loss statement for each fund is prepared and the net asset value (NAV) is determined for each fund series.  Examples of the daily tasks carried out by a FAI or a FAII includes but are not limited to the following: Reconciliation of cash, trades, position, capital activity, review of NAV impact and assist with the fund distribution process. The Fund Accounting team works collaboratively with various departments to ensure all data is recorded accurately into the Fund Accounting system.


  • Primary responsibility is to ensure completion of daily packages inclusive of morning, pre-tie and final (pricing reports) package
  • Performs reconciliation of trades, capital activity (subscriptions and redemptions), cash and other postings, ensuring that all financial activities are captured correctly in the Fund Accounting System
  • Actively work to resolve any outstanding discrepancies on the above reconciliations by conducting the necessary research to understand the cause of discrepancy, liaising with different functional groups across the company or with the custodian
  • Conduct preliminary review of NAV impact , performs checks to ensure fund series performance are in line, review of trade prices for reasonability to all T+1 trades were executed within maximum and minimum price range
  • Settle all trades and related transactions accordingly, perform cash management of fund accounts ensuring the funds do not fall into overdraft and with minimum idle cash remaining after cash sweep
  • Review end of day pricing impact of the funds, validate security price movements, review for large price changes and conduct research when required
  • Perform month end reconciliations in preparation of the monthly packages for review by auditors (including position recons against custodian record and reconciliation between general ledger and sub ledger)
  • Review impact from corporate action posting performed by the corporate actions team
  • Review fund NAV changes and compare between pre and post distribution
  • Additional responsibilities might include participation in projects, testing and implementation of new processes.

Must have:

  • Minimum 1 year of experience in fund accounting with equity and fixed income funds
  • Sound knowledge of various investment products and accounting principals
  • Demonstrates ability to multi-task and flexibility with work load when required
  • Post Secondary education
  • Completion or enrollment in a professional accounting designation program preferred (CPA)
  • Completion of CSC or IFIC an asset.

Nice to have:

  • Demonstrates ability to multi-task and flexibility with work load when required
  • Advanced excel skills
  • Bloomberg, Aladdin

 We thank all candidates in advance. Only selected candidates for interviews will be contacted. For other exciting opportunities, please visit us at VTRAC is an equal opportunity employer.

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