Job Purpose:
- The ETF Analyst, Fund Accounting, performs all necessary analysis and accounting functions to produce accurate and timely INAV information for a broad range of ETF providers.
Your Responsibilities:
- Preparing and reviewing P&L projections to produce daily iNAV data for ETF basket and iNAV files
- Analyzing corporate action forecasts to project accurate share positions, and reviewing accounting entries to ensure accurate reflection of all corporate action events
- Analyzing daily trade activity to ensure accurate projection of portfolio positions
- Ensuring successful roll forward of security market prices in the accounting system
- Processing and reviewing ETF creation/redemption orders
- Conducting accurate reviews of assigned ETF iNAVs and ensuring all control checks are performed
- Providing accurate and timely accounting data to CIBC Mellon’s global partners, client ETF sponsors, and other stakeholders
- Preparing and Projecting T3/T5 income distribution rates and factors for periodic fund distributions
- Troubleshooting rejected baskets, investigating iNAV related issues, and analyzing iNAV movements for reasonableness
- Responding to client ETF basket and INAV inquiries
- Consulting with senior staff to make any necessary adjustments to transactions that impact iNAV valuation of ETF funds
- Work with various Fund Accounting teams to assist with problem resolutions related to ETF NAVs, and to assist with Fund
- Accounting duties on ETF products as needed, including but not limited to, NAV reviews, expense analysis, corporate actions, and distributions.
Skills and Qualifications:
- Completed post-secondary education
- A minimum of 1 year in Fund Accounting, experience with ETFs preferred
- Advanced knowledge of ETF products
- Advanced knowledge of office productivity software (e.g. Microsoft Excel).
Source: for more information click here.
