Sr. Analyst, Investment Accounting & Reporting
Top Benefits
About the role
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
About HOOPP (Healthcare of Ontario Pension Plan)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees.
We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.
Sr. Analyst, Investment Accounting & Reporting
Top Benefits
About the role
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
About HOOPP (Healthcare of Ontario Pension Plan)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees.
We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.