Senior Financial Analyst, Private Markets Financing Reporting & Advisory

Job title: Senior Financial Analyst, Private Markets Financing Reporting & Advisory

Company: Manulife

Job description: Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

Who we are:

Manulife Wealth & Asset Management (“WAM”) is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. Our Private Markets segment has expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy and oil and gas. Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt.

Currently, there are several funds and separately managed accounts with external investors in Real Estate, Commercial Mortgages, Private Debts, Timber, Agriculture and Natural Resources with an aggregate Assets Under Management (“AUM”) of over $20 billion. This AUM is expected to grow further over the next few years within both our existing products, the development and the launch of new products, several of which are in various stages of development within the Real Estate class.

Job Requirements:

The role of the WAM Private Markets Financing Reporting & Advisory team is to support the Private Markets products on all financial reporting aspects of the business. Reporting to the Director of Finance and Accounting, the Senior Financial Analyst will be accountable for completing financial reporting and providing analytical support to produce financial reports and ongoing operations of the offered third party funds, with a primary focus on the open-ended Real Estate products. This role will work closely with several teams throughout the organization to deliver timely results to Stakeholders. The Senior Financial Analyst role demands not only an in-depth accounting knowledge base, but also the ability to work independently and communicate effectively to various stakeholders while managing multiple priorities in line with the deliverable deadlines.

Key Accountabilities:

Prepare the quarterly and annual financial statements for multiple Real Estate Funds including disclosures for compliance with IFRS and / or US GAAP frameworks;

Prepare monthly debt mark-to-market fair value calculations for the Funds’ mortgages;

Prepare debt covenants calculations and provide lender compliance submissions for the Funds’ mortgages and Credit Facility;

Coordinate the quarterly Land Transfer Tax filings to the Ministry of Finance;

Assist in the preparation of the quarterly Board reporting package and provide supporting financial analysis as required;

Manage the annual audit and work directly with external auditors for the open-ended real estate funds;

Assist with providing select financial information for the annual tax filings and investor reports;

Collaborate with various departments including Property Accounting, Fund Accounting, Capital Markets, Portfolio Managers, Asset Management, Tax, etc.

Assist the team to ensure process and controls are in place to meet Tax, Regulatory and Debt compliance requirements on an ongoing basis;

Stay current on Accounting, Reporting, Legal and Regulatory developments impacting the Private Markets businesses;

Assist with ad-hoc projects and new initiatives within the department;

Qualifications:

Bachelor’s degree in Accounting or Finance; Professional Accounting or Finance designation strongly preferred (CPA, CA, CFA, or equivalent);

Minimum 5+ years of related business experience including analyzing financial statements;

Thorough knowledge of accounting principles under IFRS and / or US GAAP;

Ability to communicate complex concepts and results in a clear, concise and easy to understand manner;

Must be a team player, professional, and adaptable to changing requirements;

Ability to effectively organize, prioritize and multi-task with strong attention to detail and an aptitude to learn;

Advanced level of proficiency in MS Excel and other MS office tools;

Ability to create and maintain strong relationships with people at all levels and different functions throughout the organization and with external partners;

Flexibility to work extra hours as needed while working under tight deadlines;

Experience with Yardi system is considered an asset;

Experience with REITs or REOCs a strong plus

If you are ready to unleash your potential, it’s time to start your career with Manulife/John Hancock.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of December 31, 2020, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.6 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.

Manulife is an equal opportunity employer. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.

Expected salary:

Location: Toronto, ON

Job date: Fri, 14 May 2021 06:58:43 GMT