Manager, Private Markets Jobs

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career.

We offer a culture of collaboration and passion, creating unwavering value for the clients we serve. Our vision is to be the partner of choice for Ontario’s public sector funds and build a high-performing, value-based Asset Management firm in the heart of downtown Toronto.

If you are ready to drive best-in-class service, and join a collaborative, motivated, and fun team of professionals, we’re ready to offer you a great place to work with exciting opportunities for growth and development.

If you want to use your expertise to drive strategic business outcomes, then we want you at IMCO!

This contract is expected to run for 12-14 months in length.

The Manager, Private Markets, Investment Operations will be primarily responsible for providing support to the investment deal team, as it pertains to the ongoing operations and administration of the private markets portfolio. The Manager’s primary responsibility will be the end-to-end lifecycle of private investments (funds and directs), and on-going support of these investments (including capital calls, distributions, valuations, financial statement and client reporting). The manager will also be responsible for supervising and mentoring junior members of the team, as well as collaborating with Investment and other internal stakeholders to meet the needs of the portfolio. The role reports to the Senior Manager, Private Markets.

Responsibilities Include:

• Lead audits of Financial Statements related to Limited Partnership investment structures
• Oversight and approval of trade tickets for Capital Calls and Distributions, including related investment accounting entries
• Manage and monitor client deliverables and ensure reporting is accurate and provided in a timely manner
• Lead research and analysis of investment accounting treatments and applies accounting knowledge to potential changes
• Partner with various stakeholders (e.g. Performance, Data, Front Office and etc.,) to ensure quality reporting is produced on a timely basis
• Continue to improve existing reporting and accounting processes/functions
• Review valuation reports and models to ensure that appropriate valuations are recognized/recorded and liaising with external vendors to satisfy queries/issues
• Work with team to provide input and supporting testing of private market system implementation
• Responsible for managing internal and external stakeholder relationships; help establish plan for new client setup and transitions
• Review and/or preparing financial statement note support and reporting schedules for year-end purposes
• Review and disseminate routine and ad-hoc requests completed by group members
• Lead elements of private market system implementation, including requirements gathering, system configuration, data migration and testing/validation
• Ensure reconciled investment level financial statements and information to internal accounting records are accurate
• Perform other duties as assigned
• Provide oversight and review on month-end/quarter-end accounting close process (e.g. reconciliations, journal entries, reports) and provide support when necessary to resolve ad-hoc issues

What do you need to succeed?

• Superior analytical, decision-making and problem-solving skills are required to identify and recommend potential opportunities, coordinating and maintaining up to date information on returns and risks
• Thorough understanding of accounting standards (IFRS, Pension accounting) and best practices is required; experienced in reviewing and preparing general ledgers
• Relevant professional designations (CPA, CFA, CBV and/or AACI designation) is an asset
• A university degree in Accounting, Business, Finance, or a related discipline is required
• Experience with Eagle Investment Accounting an asset
• 8+ years of experience in investment management, with direct experience working in Investment Finance or Investment Operations. Experience in the asset management industry is preferred
• Demonstrated ability to be proactive and take initiative to understand, support and implement goals and objectives
• Ability to consistently deliver quality outputs in a fast-paced environment, with an ability to work to tight deadlines and the capability to handle multiple projects and ad-hoc requests simultaneously
• Experience in managing accounting and reporting functions with daily and monthly deliverables
• Strong technical knowledge of accounting practices, principles, and internal control requirements, including knowledge of capital markets, financial instruments within private asset classes
• Experience with system implementation an asset
• 2-3 years of strong leadership skills and supervisory experience managing a team
• Knowledge of Private Market Investments and Private Market Valuations (Infrastructure, Private Equity, Private Debt and Real Estate)
• Strong interpersonal skills with the ability to interact with colleagues at all levels and cultivate key partnerships to work collaboratively with internal and external stakeholders as well as third-party administrators
• Strong written communication skills with the ability to explain complex issues in a clear and compelling manner and present information to internal/external stakeholders
• Strong attention to detail is a must-have

We thank all applicants, however, only those selected for an interview will be contacted.

Our hybrid work model offers flexibility and provides our employees with the opportunity to lead a well-balanced life. Our Corporation’s offices located at 16 York Street, Suite 2400, Toronto, ON M5J 0E6 provide a welcoming space for employees to gather, work collaboratively, and grow together.

IMCO is committed to providing accommodation for people with disabilities in its recruitment process. Please advise IMCO if you require an accommodation and we will work with you to meet your needs. Candidates being considered for this position will be required to submit to a background screening.