Description:
The Fund Reporting Manager reports to the Director, Fund Treasury and is part of the Fund Oversight Division. The Fund Reporting Manager is responsible for overseeing the production and review of financial reporting continuous disclosure documents for the Fidelity Funds & ETFs and their respective external audits and relevant compliance with regulatory requirements. In addition, this role assists with overseeing the related French translation processes for the financial reporting and the annual Passive Foreign Investment Company (PFIC) reporting engagement. Responsibilities also include oversight of the applicable third-party service providers and leading and other speciality reporting matters.
What You Will Do:
Manage Oversight of Fund Financial Reporting
- Support and manage the oversight process governing the preparation and filing of Fund financial statements, management reports of fund performance & quarterly holdings reports, ensuring all regulatory filing deadlines have been met and comply with IFRS, NI 81-106 and NI 81-102 where applicable.
- Maintain close contact with business leads and key personnel which may include internal subject matter experts, fund administrators, external auditors, and translation providers; log all meetings, discussion items, and track all issues and major deliverables of service provider
- Participate and prepare materials to be presented in Fund Audit Committee on all related audit and regulatory matters
- Conduct annual Due Diligence visits to service providers; travel may be required
- Stay abreast of developments in regulations and reporting standards to ensure Fund disclosure compliance
- Acting as a subject matter expert during the onboarding of new product initiatives. Identifying key considerations and impacts to the fund’s audits, regulatory reporting requirements.
Manage Oversight of Specialty Reporting
- Support and manage the oversight of the Funds’ annual PFIC reporting projects, ensuring external business partners are working together collaboratively and effectively to meet the internal engagement deadlines
- Maintain close contact with business leads and key personnel at the fund administrators and external tax advisors; log all meetings, discussion items, and track all issues and major deliverables of service provider
- Maintain close working relationships with internal business partners contributing to the success of the special reporting deliverables and facilitating communications of complex matters in a simplified way
Other Fund and Vendor Oversight Responsibilities
- Act as key support to the Director, Fund Treasury assisting with special projects related to changes in audit requirements, vendor operations and/or regulatory governance. May include digitization and automation initiatives, process improvement review and implementation, and coordination of special audit engagements.
- Participate and lead in cross training on key fund reporting functions and provide back up support as necessary.
What We’re Looking For:
- University Degree, preferably with a focus on Finance or Accounting or relevant experience
- 5+ Years of relevant experience; managerial experience is an asset
- Strong knowledge of the Canadian and global investment industry, including NI 81-102, NI 81-106 and IFRS.
- Firm knowledge of fund accounting, fund reporting and the operational aspects of mutual funds.
- Accounting designation (CPA, CA) or equivalent is required
- In possession of, or working toward, post graduate designation (MBA, CFA, CBV) is an asset