Associate, Fund Accounting

Overview

Position:
Fund Accountant

Location:

Toronto, ON

Type:
Full Time

Start Date:

As soon as possible

This posting is for an existing position that is currently vacant.

Job Description

About Cidel

Cidel is a Canadian-based global private bank and asset manager. We help high net worth individuals, families and institutions protect and grow their wealth. Our expertise spans three well-integrated service areas.

• Asset Management
• Planning, Structuring & Trust
• Specialized banking

We are a unique firm in the way we combine the scale and capability of a large global bank, with the continuity and genuine commitment to service of a boutique firm.

Job Purpose

Cidel is actively recruiting for a Fund Accountant to join its Toronto team. The successful candidate will play a key role in fund accounting operations, supporting both institutional and private clients.

Responsibilities

• Interact with third-party administrators on fund accounting, month-end valuations, and daily NAV calculations
• Perform cash reconciliation and forecasting for the funds
• Review daily NAV calculations for accuracy
• Assist with monthly and quarterly fund processes, including distribution postings, management fee calculations, oversight of fund expenses, and management reporting
• Transmit pooled fund orders to recordkeeping systems
• Perform daily reconciliation of fund units issued and outstanding
• Support annual and semi-annual financial statement preparation and audit processes
• Assist with year-end tax reporting, including reviewing fund distributions, ensuring tax factors on tax slips are correct, and filing tax returns for funds
• Help open new markets and maintain tax documents (e.g., W8 BEN forms)
• Participate in administrative projects and regulatory reporting
• Provide ad hoc financial analysis and marketing support related to funds and/or institutional clients

Ideal Candidate Requirements

• Bachelor’s degree in Accounting or Finance
• Professional Designation (CPA)
• Membership in professional organizations (e.g., CPA Ontario, CFA Institute) is an asset

• 2–3 years of experience in the investment fund industry, with detailed knowledge of fund accounting, financial reporting, and tax
• Experience with pooled funds is an asset
• Experience supporting annual and semi-annual audits, and preparing financial statements in accordance with Canadian GAAP or IFRS

• Excellent working knowledge of MS Excel and other processing packages
• Familiarity with Fundserv, Bloomberg, or other fund administration platforms
• Experience in process automation and a willingness to engage with AI initiatives

• Strong understanding of Canadian securities regulations, tax rules, and compliance requirements (e.g., CRA, NI 81-102, KYC/AML procedures)

• Advanced analytical skills, including the ability to interpret complex financial data and resolve discrepancies

• Strong written and oral communication skills; self-starter able to work independently
• Good time management and organizational skills, with attention to detail
• Teamwork and collaboration skills, adaptability, and client service orientation

Please apply via Bamboo Link

Please note that artificial intelligence (AI) tools may be used during the recruitment process to assist in screening, assessing, or selecting applicants. All AI assisted evaluations are conducted in accordance with applicable privacy and employment standards.

We welcome applications from individuals of all abilities, backgrounds, and experiences. Reasonable accommodations are available on request for candidates taking part throughout the hiring process to support equitable access and participation. Only successful candidates will be contacted.