Senior Manager, Investment Finance (Private Equity)

We are hiring for a Senior Manager, Investment Finance!

The Senior Manager will report to the Director, Investment Finance and will be responsible for the accounting and reporting functions, as well as providing transaction support and analytics for the assigned portfolio of private equity assets. The Senior Manager will ensure the completeness and accuracy of financial records for all investments and establish a close working relationship with other members within the Finance, Tax, Legal and Deal teams.

Core Responsibilities

• Reviews project funding requests in accordance with approved commitments, as required;
• Supports the Deal Team and OMERS on various financial reporting and analytics for the private equity investment portfolios, with a core focus on Capital Solutions & Growth and PE funds portfolios;
• Liaises with the Legal team to ensure legal records are complete and accurate.
• Other duties
• Engage with team regularly, and lead hiring and development of immediate team members;
• Ability to jump in and working alongside team members to complete tasks in short order.
• Participate in preparation of Operating Plan, including engaging stakeholders in development of assumptions, reviewing calculated metrics and putting together presentation.
• Collaborate with valuation team by compiling and supplying relevant information for quarterly valuation exercise, in a timely manner.
• Organizes and oversees the gathering of financial and operating information for compliance reporting purposes;
• Monitor cash balances and movements, in preparation of transactions, as required;
• People Management
• Other duties and ad hoc projects as assigned.
• Acts as back-up to cover duties of other team member(s) in relation to the Private Equity portfolio;
• Reviews quarterly and/or annual legal entity financial statements including notes and audit working papers in accordance with the appropriate accounting standards, as well as corresponding tax kits;
• Compliance
• Participate in accounting research projects, as required.
• Reviews monthly and year-end working papers (including specific reporting for regional holding companies) with appropriate analysis and supporting documentation for annual financial reporting and audit purposes, and liaises with internal and external auditors accordingly;
• Liaises with deal team, legal, tax and OMERS corporate by providing support in transaction execution and other regular deliverables, in a timely fashion;
• Financial Reporting & Analytics
• Ensures proper accounting treatments in accordance with all applicable agreements and accounting principles;
• Manages and supports the development of immediate team members ensuring that they are given the opportunity and support to grow in their respective roles;
• Review intercompany account reconciliations and collaborate with other departments to investigate and resolve differences;
• Cash Management
• Responsible for reviewing information for statutory and other reporting, as required;
• Reviews wire instructions, as required.
• Reviews entries to the General Ledger with appropriate analysis and supporting documentation;
• Act as subject matter expert in respect of the implementation of relevant accounting and information systems;
• Analyzes and provides performance return information (e.g. IRR, total return, etc) for the full portfolio and by segments, and prepares various management reports;
• Reviews the quarterly forecast and annual budget for the assigned portfolio, prepare/review forecast for royalties, funds and coinvests, and prepares incentive accrual input workbook;

Qualifications

• The successful candidate will need to demonstrate good interpersonal skills and the ability to quickly build relationships within their team and across departments, fostering an inclusive and collaborative culture.
• Prior work experience in investment finance / asset management;
• Successful completion of an accounting designation (CPA, CA, CMA or CGA);
• Strong analytical skills and results oriented;
• Ability to communicate clearly, concisely and accurately (both verbal and written);
• Ability to meet tight deadlines and to manage conflicting priorities; and
• Attention to detail, accuracy, and completeness is very important along with the ability to handle multiple tasks efficiently;
• Highly proficient in Microsoft Office tools especially Excel;
• Knowledge of IFRS and fair value accounting is preferred;
• Team player, and experience managing a few direct reports
• University degree in Business or related discipline;
• A minimum of 7 years of experience in accounting for the financial sector;

Our story

Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with $124 billion in net assets as at December 31, 2022. OMERS is a jointly-sponsored pension plan, with more than 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. Contributions to the Plan are funded equally by members and employers. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.

OMERS is committed to having a workforce that reflects the communities in which we live and work. We are an equal opportunity employer committed to a barrier-free recruitment and selection process. At OMERS inclusion and diversity means belonging. How we create a sense of belonging is through our employees and our vast network of Employee Resource Groups. Whether you are passionate about gender, pride, or visible minorities, we have groups that are focused on making a difference in all of our lives.