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Senior Analyst, Pension Accounting - Trans-Canada Capital - 25879

Location: DORVAL, QC, Canada
Posting Start Date: Apr 26, 2021
Posting End Date: May 8, 2021

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Job Description

Description

 
Trans-Canada Capital (TCC), a subsidiary of Air Canada, is an investment management firm growing rapidly.  TCC manages the assets of Air Canada’s pension plans and also offers its services to third-party institutional investors. The assets under management include traditional asset classes (bonds and stocks), alternative investments (derivatives, infrastructure, private equity and real estate) and portable alpha strategies (hedge funds and tactical asset allocation) worth over $23B in aggregate. The investment team of over 75 professionals is located in downtown Montreal.
 
 
Reporting to the Manager, Finance, the Senior Analyst, Pension Accounting will be responsible to perform the procedures surrounding the accounting process for pension plans and master trusts and make sure to follow industry best practices.  Note that the level of the role will be adjusted according to the experience of the candidate.
 
 
Role and responsibilities:
 
 
  • Manage the investment accounting processes following industry best practices of the industry: document all the procedures, follow the regulations, implement the proper tools and reports, put controls in place, peer review.
  • Perform the NAV calculations and reconcile with the custodian, external portfolio managers and counterparties.
  • Calculate final Master Trust unit values, net asset values and apply unit price to generate the appropriate journal entries.
  • Maintain cash books for operating accounts and Plans.
  • Maintain new accounts and statements/reports in the systems.
  • Perform the accounting of the Plans (update gain/loss for Master Trust units, update income/expense accruals, process plan activity, contributions, pensions, payments, buybacks, deposits, update market value, reconcile custodian reports).
  • Reconcile custody fees, management fees, operating expenses, accruals and arrange payments of expenses.
  • Coordinate the communications with various parties, including the Pension et the payroll departments of Air Canada, the asset managers, the external actuaries, etc.
  • Provide data concerning tax reclaim/tax filling. 
  • Manage and prepare reports for all Pension Funds requested by the relevant financial authorities.
  • Respond to any query related to accounting matters.
  • Participate in any special mandates: we expect the selected candidate to be assigned to special projects under the supervision of the Manager, Finance or the CFO.

Qualifications

 
Education:
  • Accounting degree and accounting designation (CPA, other)
  • 2 to 7 years of relevant experience in investment accounting. 
 
Knowledge and skills:
  • Excellent computer systems skills (knowledge of investment accounting systems is an asset). 
  • Experience in a pension fund is an asset.
  • Good verbal and written communication skills in both French and English.
  • Ability to work with minimal supervision (proactive) and take the initiative to quickly resolve problems is mandatory.
  • Good understanding of complex investments. 
  • Knowledge of investments and financial market instruments is required (FX, equity, bonds, listed and OTC derivatives, repo, MBS, etc). 
 
Competencies:
  • Rigorous, disciplined and well organized (efficient, high quality, well-structured work).
  • Accuracy and sense of details.
  • Strong analytical skills with a sense for detail.
  • Capable of exercising sound judgment decisions.
  • Team player. 
  • Autonomous and dynamic.
The position is based in downtown Montreal
 
Linguistic Requirements

Bilingual (English and French)

Diversity and Inclusion
 
Air Canada is strongly committed to Diversity and Inclusion and aims to create a healthy, accessible and rewarding work environment which highlights employees’ unique contributions to our company’s success.
 
As an equal opportunity employer, we welcome applications from all to help us build a diverse workforce which reflects the diversity of our customers, and communities, in which we live and serve.

Air Canada thanks all candidates for their interest; however only those selected to continue in the process will be contacted.
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