• Job Description

  Req#: JR23120039

  We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

  Working Arrangement

  Hybrid

  Job Description

  Manulife’s Wealth and Asset Management (WAM) businesses operate across our global footprint in the US, Canada and Asia. They include our Retail (Manulife Investments, John Hancock Investments, and Asian mutual fund businesses), Retirement (Retirement Plan Services, Group Retirement Solutions, and Asian pension businesses), and Institutional (Manulife Investment Management) businesses.

  Accountability Statement:

  The WAM Accounting & Reporting team is primarily responsible for the ledger close process and the accounting, analysis, and financial reporting results of Manulife's Legal Entity Reporting (LER) subsidiaries. The LER team focuses on performing the legal entity controllership function for a growing number of subsidiaries, limited partnerships and equity accounted investments relating to alternative asset classes.

  Reporting to the Director, the incumbent is expected to perform analysis & reporting of subsidiaries financial statements, the preparation of board reports, perform regulatory reporting requirements, revenue & billing, and support the LER team on all external audit activities. Day to day activities will include:

  Key Accountabilities:

  • Lead the preparation of financial statements and disclosures for a number of subsidiaries

  • Lead the preparation of CFO and Board of Directors reporting packages on a quarterly basis

  • Preparation of all legal entity regulatory reporting requirements for US and Canadian subsidiaries, on a monthly and quarterly basis

  • Support financial analysis of product development initiatives

  • Oversight of financial statement preparation and coordination of annual external audits for US and Canadian subsidiaries

  • Revenue & billing for Private Markets

    • Monitor and review system-driven accrual and invoice process (both intercompany and third-party) – review responsibilities include:

      • New client setup through automated Excel templates

      • Modification of existing client static data, including GL attributes

      • AUM feeds for system import

      • AUM and fee templates, including fluctuation investigation

      • Review of fee calculations and invoice templates (where applicable) prior to system-driven distribution to clients

      • Client cash receipts

    • For manual clients and processes, perform detailed review of Excel-based invoice and journal entries

    • Monitor system-driven journal entry trending for accuracy and completeness

    • Review system-driven or manual client account reconciliations and aging; assist with investigation of breaks and outstanding receipts

    • Review/approve wire requests for routine and non-routine intercompany payments and third-party transactions

    • Review Source View reporting for accuracy; investigate irregularities with company-wide Finance teams

    • Implement controls and ensure compliance with company policies and procedures

  • Provide prompt and accurate service to setup and evaluate the financial reporting implications of new products and initiatives

  • Coordinate with teams and committees throughout the organization to onboard private market clients and products

  • Working with the team, assist in developing and implement processes and controls to support legal entity reporting. Also implement processes to ensure appropriate oversight and review is maintained on regulatory reporting

  • Work independently or with management to identify complex operational business issues

  • Develop solutions to automate existing manual processes within Global WAM

  • Prepare memos and supporting documentation for accounting policy changes and dividend projections and communicate to all partners

  • Lead meetings with business partners to analyze and document business processes and collect business requirements for new solutions

  What motivates you?

  • You obsess about customers, listen, engage and act for their benefit.

  • You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

  • You thrive in teams and enjoy getting things done together.

  • You take ownership and build solutions, focusing on what matters.

  • You do what is right, work with integrity and speak up.

  • You share your humanity, helping us build a diverse and inclusive work environment for everyone.

  Job Requirements

  • University Business Degree and working towards a CPA designation

  • General understanding of IFRS and US GAAP

  • One to two years of progressive experience in accounting, financial services and/or consulting firm with experience in the public and private investment management industry reporting would be an asset

  • Experience with financial reporting tools such as Essbase/Smart View would be an asset

  • Strong attention to detail and ability to learn

  • Well organized to meet tight deadlines, multi-task assignments and balance information needs with last minute changes or requests.

  • Ability to break down complex problems and offer practical solutions

  • High level of energy and initiative to perform in a fast paced and challenging environment

  • Excellent analytical and problem-solving skills

  • Proven self-starter with the ability to work independently with less supervision and establish priorities to meet deadlines

  • Advanced level of proficiency in MS Excel and other MS office tools (e.g. Word and PowerPoint to develop reports, documents and presentations)

  • Develop processes and reporting solutions to support complex products and meet the needs of sophisticated clients

  • Ability to act as a change agent and implement process improvement solutions through collaboration, effective communication, and influencing skills

  • Strong interpersonal skills and excellent communication skills both written and verbal

  What can we offer you?

  • A competitive salary and benefits packages.

  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.

  • A focus on growing your career path with us.

  • Flexible work policies and strong work-life balance.

  • Professional development and leadership opportunities.

  
  Our commitment to you

  • Values-first culture
    We lead with our Values every day and bring them to life together.

  • Boundless opportunity
    We create opportunities to learn and grow at every stage of your career.

  • Continuous innovation
    We invite you to help redefine the future of financial services.

  • Delivering the promise of Diversity, Equity and Inclusion
    We foster an inclusive workplace where everyone thrives.

  • Championing Corporate Citizenship
    We build a business that benefits all partners and has a positive social and environmental impact.

  About Manulife and John Hancock

  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 Asia, Canada, 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 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). 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

  At Manulife /John Hancock , we embrace our diversity. 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, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour , ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

  It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process . All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies . To request a reasonable accommodation in the application process, contact recruitment@manulife.com .

  Salary & Benefits

  The annual base salary for this role is listed below.

  Primary Location

  Toronto, Ontario

  Salary range is expected to be between

  $58,650.00 CAD - $97,750.00 CAD

  If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

  Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact recruitment@manulife.com for more information about U.S.-specific paid time off provisions.

• About the company

  Manulife Financial Corporation is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario, Canada.

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