Hi guys,
Here is a requirement for a Financial Analyst in my own department - a position similar to mine and to work with our team of three FAs. The company is Franklin Templeton Invesments and the office is in North York - next to North York subway station.
If anyone is interested, please feel free to apply and also send me a copy of your resume - here I might be able to put in a recommandation.
Chandresh
Financial Analyst - Fund Administration and Reporting
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Department:
Location: North York, ON
CANADA
Exempt/Non Exempt:
Overall Accountability:
As part of the Fund Owner team, the Financial Analyst will have responsibility over a group of funds, and will be responsible for reviewing and analyzing all monthly, quarterly, semi-annual and annual financial reports for accuracy and ensuring that all reporting deadlines are met, for his/her group of funds. The Financial Analyst is responsible for monitoring and reporting to internal and external users financial data for his/her group of funds.
Your responsibilities include:
Financial Reporting Responsibilities:
• Prepare and/or review financial statements, performance data, and other reporting documents provided to internal and external customers for accuracy in accordance with local GAAP requirements and industry guidelines
• Review supporting schedules and reconciliations for the shareholder reports
• Research and analyze various accounting disclosure requirements for new accounting pronouncements and new product types and make recommendations to management on reporting guidelines
• Work with Senior Financial Analyst to organize the year-end audit process and work with external auditors to resolve issues within the funds. Compile and prepare various tax schedules
• Calculate required fund distributions, taking into account various tax requirements
• Prepare/review periodic expense analyses and budget accruals
• Compile and analyze MER’s and provide monthly summary of expense analysis explaining variances for all categories of expenses based upon pre-set thresholds
• Review allocation method and expense policy used by Corporate Accounting in billing funds, escalate to Senior Financial Analyst any concerns detected and provide recommended solutions to correct discrepancies.
• Compile various regulatory filings and fund product specific schedules that are not produced by the FAR production teams
• Review various portfolio analytics
• Prepare various schedules on a periodic basis for the Board of Directors/Trustees and the Audit Committee
• Other ad-hoc reporting as needed, per customer requests
Other Responsibilities:
• Establish timing and monitor expectations for the collection of monthly/quarterly/yearly financial data to and from NAC and the FAR production teams and communicate regularly to improve coordination and hand-off of information
• Participate in department projects as needed
• Develop a basic understanding of daily operational responsibilities & department systems related to NAV calculation
• Provide feedback on FAR policies and procedures with respect to financial reporting requirements
• Follow all required control steps in completing/reviewing all work
As the qualified candidate you possess:
KNOWLEDGE, EDUCATION, AND EXPERIENCE:
• Bachelor’s degree in accounting or business with coursework in intermediate and advanced accounting
• Requires three to four years of financial accounting experience with an emphasis on the preparation of financial statements and accompanying footnote disclosures
• Must possess strong working knowledge of investment business, financial instruments, and GAAP accounting standards
• Experience with automated financial systems, including a general ledger and financial reporting software, is required
• Strong knowledge of MS Excel and other Microsoft Office applications are required
LICENSES AND CERTIFICATIONS:
• An advanced degree in accounting or a CGA, CMA, CPA designation is strongly encouraged
ADDITIONAL DESIRABLE QUALIFICATIONS:
• Knowledge of the securities / mutual fund industry is preferred
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Chandresh
Advice is free – lessons I charge for!!
Location: carl sagan's universe
Posted on: 10-05-07 22:07:42
Any idea what the pay is like?
Quote:
Originally posted by investpro
Any idea what the pay is like?
Around 55-60 k cash portion
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Chandresh
Advice is free – lessons I charge for!!
Location: carl sagan's universe
Posted on: 11-05-07 17:34:14
Does that mean there are benefits over and above as well as perks?
Anyway, I spoke to the person who was looking to switch from another company, but the pay isn't so attractive. He makes more plus benefits and gets other perks like free parking space. He also gets to fly all over the world due his work.
Thanks for the heads up though.
Any possibilities of getting a one-on-one meeting with Mark Mobius, when he makes his annual visit to the mighty TO? For an interview for a newspaper.
Perhaps you can direct me to the concerned department.
Much obliged.
Quote:
Originally posted by investpro
Does that mean there are benefits over and above as well as perks?
Benefits yes - perks no.
Quote:
Originally posted by investpro
Anyway, I spoke to the person who was looking to switch from another company, but the pay isn't so attractive. He makes more plus benefits and gets other perks like free parking space. He also gets to fly all over the world due his work.
Wonder why a person who gets to fly all over the world for work even think of such a crappy job in the first place and then ask you to find more about it. That guy must be out of his mind.
Quote:
Originally posted by investpro
Any possibilities of getting a one-on-one meeting with Mark Mobius, when he makes his annual visit to the mighty TO? For an interview for a newspaper.
Perhaps you can direct me to the concerned department.
Mark Mobius who???
Jokes apart, I am too junior a person in the organisation even to meet the VP of my own department - can't even dream of fixing an appointment with Mark Mobius.
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Chandresh
Advice is free – lessons I charge for!!
Location: carl sagan's universe
Posted on: 12-05-07 23:47:07
Hi Chandresh,
If the job is so crappy, why advertise it? Are you perhaps thinking that CDs are crappy as well? That would include you. Certainly doesn't include me. Are we to take it that all other jobs you have advertised are crappy as well?
Flying all over the world is metaphorically speaking. The guy mainly flies to the US and Latin America. He does the same kind of job in another mutual fund company, but just thought maybe TML might pay more.
He is definitely not out of his mind.He is excellent at his job.
Mark Mobius is the bald headed financial guru, who is stationed in Singapore. Very heavy on India. Some say his words spiralled the downturn in the BSE last year. I saw him last year in November talking on the governance in corporate India. Very succinct and to the point. Doesn't mince words. Spells it out like it is.
Has this notion that oil is gonna go down to $45. At least that is what he said last year. Let's see what he says this year.
Quote:
Originally posted by investpro
Hi Chandresh,
If the job is so crappy, why advertise it? Are you perhaps thinking that CDs are crappy as well? That would include you. Certainly doesn't include me. Are we to take it that all other jobs you have advertised are crappy as well?
While I do not want to debate on what you have written since you have a right to your opinion - the fact that you described his job as a real high flyer job AFTER having read what the remuneration for this job was, you sort of made this job look like a crappy job, and at the same time tried to belittle me (since I am doing this job right now) - since what you described as his job, this job is really crappy. And yes, having done what I have done in the past before coming to Canada, I feel this is a crappy job. However, it is good enough in terms of putting food on your table and in talking to someone socially (rather than telling him that you work shifts in a factory) from the Indian point of viewand definitely great for an immigrant who is qualified but struggling (like so many of us do here) to find a respectable job!
Quote:
Originally posted by investpro
Flying all over the world is metaphorically speaking. The guy mainly flies to the US and Latin America. He does the same kind of job in another mutual fund company, but just thought maybe TML might pay more.
He is definitely not out of his mind.He is excellent at his job.
In my view, and strictly in my view, flying to US and Latin America can never be considered flying all over the world - unless you think the typical American way where American do not know anything beyond America and think that the world finishes there. And if your friend is really doing a similar job, he should know extremely well that this is a back office job, spending hours and hours and hours on desk in front of a computer - not even needing an external phone line (and internal intercom is enough!). Therefore, he would be out of his mind to think that his present job and this job are similar, in terms of duties, remuneration and excitement of travelling the world!
Quote:
Originally posted by investproMark Mobius is the bald headed financial guru, who is stationed in Singapore. Very heavy on India. Some say his words spiralled the downturn in the BSE last year. I saw him last year in November talking on the governance in corporate India. Very succinct and to the point. Doesn't mince words. Spells it out like it is.
Has this notion that oil is gonna go down to $45. At least that is what he said last year. Let's see what he says this year.
If you look at my last sentence of my last post, you would know that I know who Mark Mobious is.
By the way, two months ago he was quoted in Toronto Star saying that he is now coming out of India in a big manner and finds the stock prices in India lot inflated at this moment.
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
