City : Toronto

Category : Full-time

Industry : Finance

Employer : Sun Life Financial

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. Our history of organic and strategic growth reflects this commitment with over CA$335/US$260 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. 

We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset.  As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.

Visit our website to learn more and for the most up to date AUM information.

Hybrid Work Model

SLC Management operates in a hybrid environment with a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three days in-office each week with flexibility depending on their business, client and team needs.

Senior Associate, Complex Transaction Advisory

About SLC Management:

SLC Management is a global institutional asset manager that provides innovative and diversified solutions to meet our clients’ evolving needs. Our history of organic and strategic growth reflects this commitment with over $355 billion in assets under management.

SLC Management offers the best of two worlds to professionals looking for opportunity, a collaborative environment, challenge and growth. We are breaking ground with innovative solutions for a growing institutional client base of more than 1300+ organizations. As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship.

Our teams live by a set of core beliefs that put our clients’ needs and goals first. We are looking for talented professionals at all stages of their financial careers: those who are ready to learn, those who are ready to collaborate and those who are ready to lead.

Visit us at https://www.slcmanagement.com/inv

About the role:

Reporting to Senior Director, Complex Transaction Advisory, the Senior Associate is responsible for supporting the management of accounting policy for SLC Finance. The Senior Associate researches, develops, implements, and monitors accounting policy to ensure that financial reporting over invested assets is in compliance with guidance under various bases of accounting and is consistent with the reporting objectives of the Company.  The Senior Associate draws on a deep knowledge and understanding of accounting theory and guidance for investments, including financial instruments and alternative assets, to deliver applied solutions. One of the key roles would be to support implementation of new standards in SLC Finance.

What you will do:

Accounting Policies and IFRS Implementation:

• Provide technical accounting support on the implementation projects for the new/modified accounting standards:
  • Obtain understanding of the new/modified IFRS standard, interpretations, implementation guidance for the application of the new requirements to Sun Life investments globally
  • Provide support for the transition to/ post implementation review of IFRS 9 and related matters, such as classification and measurement (SPPI assessment), coordinate with ECL implementation team, compile disclosures, and other ancillary support
  • Assess the impact of the new/modified standards on the business, processes, policies and practices, reporting, disclosures and ensuring timely communication of the impact to various stakeholders within Sun Life
  • Support business partners by preparing and delivering training materials on new IFRS requirements
  • Interact with the auditors and provide support in their audit process around standards implementation
• Provide technical accounting expertise on new business initiatives and transactions on an ad-hoc or structured basis for the global investment portfolio
  • Develop, maintain and evaluate a broad range of investment accounting policy across multiple accounting bases (IFRS & Statutory) from the initiation phase through to dissemination of the policy changes.
  • Formulate and deliver written technical analyses and memos, providing evidence-based information and interpretation to support recommendations
  • Provide direction for implementation of new investment accounting policy and proper application of existing policy
• Keep current with new accounting standards and developments under IFRS or interpretive statements from the major accounting firms

Reporting and Analytics:

• Coordinate, manage or support several quarterly reporting processes and ad hoc requests including:
  • The quarterly submissions to Corporate various financial disclosures and requests
  • Manage SPPI assessment of the investment portfolios
  • Analyze financial data and trends and create financial reports for decision support
  • Reporting and analysis to satisfy audit requirements and support the control environment, as well as supporting a continuous improvement working environment
  • Provide leadership and support for strategic projects and initiatives, including development of processes and controls

What do you need to succeed:

Competencies: 

• Robust technical understanding of IFRS 9 would be an asset.
• Deep knowledge and application of accounting theory and guidance for investments and insurance
• Knowledge of various investment vehicles
• Experience researching accounting guidance and preparing recommendations
• Understanding of the insurance industry and products
• Excellent oral and written communication skills
• Willingness and ability to champion for new ideas and innovation
• Ability to work in a team environment both as a contributor and a leader and have the confidence to work independently with little direct supervision
• Excellent analytical, interpretational and problem-solving skills
• Ability to build strong working relationships across various functional areas (Investments, ALM, Portfolio Management, Treasury, Risk) and business units
• Proficient in Microsoft tools such as excel, word and PowerPoint. Knowledge of experience in extracting information from Bloomberg would be an asset

Education and Experience: 

• Minimum five (5) years of experience in financial reporting, preferably in financial reporting policy and/ or public accounting
• Completion of a professional accounting designation CPA (CA, CMA, CGA) required

What's in it for you:

• Opportunity to work for a growing global institutional asset manager 
• Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial
• Pension, stock and savings programs to help build and enhance your future financial security  
• A friendly, collaborative and inclusive culture 
• The opportunity to move along a variety of career paths with amazing networking potential 
• Named 2021 “Best Places to Work” by Glassdoor  
• Canada Award for Excellence for Mental Health at Work - 2021  

 Where do you work:

• SLC Management operates in a hybrid environment with a mix of in-office and virtual work where our employees are empowered to do their best.
• Occasional travel may be required to Toronto and Wellesley (MA, USA)

Why SLC Management?

• Opportunity to work for a growing global institutional asset manager
• Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading maternity, parental and adoption leave top up program, a partially-paid sabbatical program and much more
• Pension, stock and savings programs with an employer-paid match to help build and enhance your future financial security
• A flexible hybrid work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development #WeWinAsATeam
• The opportunity to move along a variety of career paths with amazing networking potential
• Award winning workplace culture - Great Place to Work® Certified in Canada and the U.S., 2021 “Best Places to Work” by Glassdoor, Award for Excellence for Mental Health at Work - 2021, “Best Places to Work in Money Management” by Pension & Investments

SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees. Successful candidates will be required to declare personal investment accounts and securities investments as well as seek preclearance on future transactions including those of household members.

Salary Range

The Base Pay range is for the primary location of the job.  It may vary depending on the work location of the successful candidate or other factors.  In addition to Base Pay, eligible employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance.  Certain sales focused roles have sales incentive plans based on individual or group sales results.

We are committed to fostering a diverse, equitable and inclusive environment, where all employees feel valued, respected, and supported.  We are dedicated to building a diverse workforce offering wide perspectives and creative ideas that benefit our clients, teams and the communities where we operate. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.