Associate, Fund Operations

Overview

The organization is seeking a Technical, detail-oriented Senior Fund Accountant to join the Alternative Operations team. This role is the primary owner of Net Asset Value (NAV) for private market vehicles—responsible not only for reporting, but for bridging external fund administrators with internal product and investment teams.

Alternative offerings include Private Credit and Private Equity funds, which require institutional-grade accounting precision.

Responsibilities

• Execute daily fund accounting and capital activity processes in coordination with the Manager and other Fund Operations Associates
• Own NAV-related tasks, including:
  • Expense reviews
  • P&L verification
  • Cash and position reconciliations to keep NAVs accurate and defensible
• Process capital activity for alternative funds, including:
  • Subscriptions
  • Redemptions
  • Distributions
  • Capital calls
• Handle in-kind and mutual fund transfer transactions within Fundserv, serving as a subject matter expert from a fund manufacturing and dealer perspective
• Collaborate with Asset Management, Compliance, Product, Trading, and Engineering to ensure accuracy of client records and flag operational issues before they become client-facing
• Respond to client inquiries and prepare ad-hoc reports that provide clarity on clients’ portfolios
• Coordinate with auditors during the annual audit process and help prepare audit workpapers
• Use data to identify process inefficiencies and propose solutions, leveraging AI where it helps move faster without sacrificing accuracy
• Maintain and update process documentation as operations scale

Requirements

• 1–2 years of experience at a fund management or fund administration company, with exposure to:
  • NAV calculations
  • Tax and audit preparation
  • Settlement of orders, distributions, redemptions, and capital calls
• Experience through a full fund accounting cycle, including:
  • Trade execution
  • Positions
  • Bank reconciliations
  • Audit support
  • Journal entries
• Strong Excel skills
• SQL or other programming experience is considered a plus
• Progress toward or completion of an industry designation (CPA, CFA, CAIA, CSC) is also a plus
• Strong business judgment and comfort working with large datasets under tight deadlines
• Genuine curiosity about fintech and alternative investments

Compensation & Benefits

• Top-tier health benefits and life insurance
• Long-term group savings with employer match (via Wealthsimple for Business)
• 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year*
• 90 days away: work outside Canada for up to 90 days per year*
• Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS

*Unlimited paid sick days, Wellness Days, and the 90 day away program do not apply to certain roles.

Location

• Hybrid team with employees across North America
• Headquartered in Toronto, Canada

Inclusion & Accessibility

• The employer strongly encourages applications from everyone, regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.
• Accessibility accommodations are available throughout the interview process.
• AI tools may be used to support parts of the hiring process; final hiring decisions are made by people.