Manager, Technical Accounting & Reconciliations

Manager, Technical Accounting & ReconciliationsFull-time Regular Management Toronto, ON, CA
12 days ago Requisition ID: 1029
Position
Title:
Manager, Technical Accounting and Reconciliations
Reports to:
Senior Director, Finance
Employee Status: Permanent, Full-time
Work Hours:
35 hours per work week
Salary Range: $127,500 to $157,000 annually, plus eligibility to participate in the TTC Pension Plan's Short-Term Incentive Plan, with a target incentive opportunity of 15%.
Why join the TTC Pension Plan (TTCPP)We care about the employees who work at TTCPP and the excellent services they provide to our members! As a member of our team, you will play a critical role in TTCPP's success. By working together and living our values, we can achieve our vision and mission.
TTCPP is a defined benefit pension plan established in 1940 for employees of the Toronto Transit Commission, the Amalgamated Transit Union Local 113, and TTCPP. For more than 80 years, we have been providing a secure retirement income for our members. The Plan is fully funded and strong with more than 27,000 members and $10.0 billion in net assets.
Our
VISION
is clear: To always be there for our members-today and for a lifetime.
Our
MISSION : Providing a financially secure retirement for our members by delivering a pension for life at a reasonable cost. Supporting our members with responsiveness, open communication and hands-on service, now and throughout their retirement.
Position SummaryThe Manager, Technical Accounting and Reconciliations
is a key member of the Finance team reporting to the Senior Director, Finance. The role is responsible for ensuring the correct interpretation and application of accounting standards (i.E., IFRS and GAAP) to complex transactions, investment activities, and financial reporting matters for the Plan. The incumbent collaborates closely with external auditors, custodians, investment managers, and internal stakeholders, serves as the primary point of contact for accounting and auditing policy inquiries, and provides technical guidance on accounting matters across the organization.
The Manager oversees the investment reconciliation function and supports quarterly and annual financial reporting, including Board and Committee reporting requirements. The role provides day-to-day leadership of reconciliation and controls resources, ensuring high-quality and timely deliverables, while driving continuous improvement across accounting, reporting, reconciliation, and control processes.
Key Duties & ResponsibilitiesResponsibilities include, but are not limited to, the following:
Technical Accounting & Financial Reporting
Ensure compliance with accounting standards (e.G., IFRS/GAAP) and internal policies, and maintain strong documentation and audit trails for all reporting processes.
Support the Senior Director, Finance in the preparation of the quarterly and annual financial statements for TTCPP.
Collaborate with the Senior Director, Finance in the preparation of Committee and Board reporting materials.
Lead research on new and existing accounting standards and interpret their application to the organization.
Assess and communicate the financial reporting, disclosure, system, and operational impacts of new accounting pronouncements.
Prepare and review memoranda supporting accounting positions on unusual or complex transactions before they are executed.
Review financial statement disclosures and ensure compliance with IFRS/GAAP, securities requirements and regulatory standards.
Develop accounting manuals, technical guidance, and reference materials for the organization.
Reconciliations, Controls & Audit
Act as primary contact for external auditors on technical accounting matters and resolve audit findings and accounting issues.
Lead the oversight and governance of private markets data within the organization’s investment data management platform, ensuring the completeness, accuracy, and timeliness of cash flow, valuation, commitment, and performance information received from investment managers, custodians, and other external service providers.
Oversee reconciliations between investment manager reports, custodian records, and internal investment systems, resolving exceptions and strengthening controls to support reliable investment reporting and decision-making.
Provide day-to-day oversight of reconciliation activities, ensuring the quality, accuracy, completeness, and timely completion of weekly, monthly, quarterly, and annual reconciliations across the investment portfolio.
Review exceptions arising from the reconciliation process and ensure issues are appropriately investigated, escalated, and resolved with custodians, investment managers, and internal stakeholders.
Establish reconciliation processes and standards, including the design of controls and monitoring activities to support timely completion and reporting.
Review and approve reconciliation analyses and supporting documentation prior to finalization.
Support internal and external audits by collaborating with stakeholders, preparing documentation, and responding to inquiries.
Stakeholder Management & Continuous Improvement
Lead implementation projects for new accounting standards and coordinate system, process and disclosure changes.
Provide guidance to accounting and operational teams on technical accounting matters.
Train Finance team members on accounting developments and emerging standards.
Collaborate with Investment Operations to ensure data integrity and alignment between financial statement presentation and supporting disclosures.
Provide support, training, guidance, and coaching on investment accounting matters of varying complexity by addressing questions and clarifying ambiguities.
Identify opportunities to improve accounting, reporting, reconciliation, and control processes through innovation, automation, and continuous improvement initiatives.
Recommend and implement process enhancements that improve efficiency, scalability, accuracy, and risk management.
Lead, coach, and support direct report(s), fostering a collaborative, accountable, and high-performing team environmental.
Establish priorities, assign work, and monitor progress to ensure objectives and deadlines are achieved.
Review and approve work completed by direct report(s), maintaining accountability for its quality, accuracy, completeness, and adherence to established standards and controls.
Provide ongoing coaching, feedback, and development opportunities to support employee growth and career development.
Conduct performance management activities, including goal setting, performance reviews, and development planning.
Identify training and capability needs and support succession and workforce planning activities.
Promote collaboration, knowledge sharing, and continuous improvement across the Finance team.
Skills & QualificationsEducation
CFA designation is considered an asset.
Commitment to continuous learning and staying current with developments in finance, investment accounting operations, investment products, audit practices, and regulatory requirements.
Leadership training or certification is considered an asset.
Experience & Skills
7+ years of progressive experience in pension accounting and investments, including pension liabilities, capital markets or asset management, or in related roles within the accounting or financial services industry.
Public accounting experience, preferably with a Big Four accounting firm, is considered a strong asset.
Knowledge of investment products, including equities, fixed income, real estate, private equity, private debt, and infrastructure investments.
Strong knowledge of IFRS required;
exposure to U.S. GAAP is considered an asset.
Strong knowledge of accounting and investment regulations, compliance, reporting and note disclosure requirements.
Demonstrated people-leadership experience, including assigning and reviewing work, coaching employees, providing feedback, and supporting performance and development goals.
Practical experience with financial statement preparation.
Experience researching and interpreting accounting standards and preparing or reviewing technical accounting position papers or memoranda.
Experience supporting audits, managing audit deliverables, and working directly with external auditors and regulators.
Strong research and communication skills.
Advanced proficiency in Microsoft Excel and proficiency with Microsoft 365 applications, including Word and PowerPoint, as well as financial systems and software such as Sage Intacct, custodian systems, or similar tools.
Key Success Attributes
Excellent written and verbal communication skills, with the ability to provide clear and concise responses to inquiries and partner effectively with internal and external stakeholders.
Demonstrated critical thinking, financial acumen, analytical capability, sound record-keeping, and problem-solving skills.
Strong attention to detail to ensure high-quality, accurate outputs that align with the organization’s values, policies, practices, and established standards.
Aptitude to solve complex financial issues, evaluate alternatives, and propose solutions that align with organizational objectives and regulatory requirements.
A commitment to continuous improvement, sound audit practices, and the development of standardized and scalable processes.
Strong relationship-building skills to build and maintain productive relationships that foster cross-team collaboration and clear, transparent communication.
Collaborative mindset with the ability to work effectively as part of a multidisciplinary team, leveraging diverse perspectives and expertise to achieve common goals.
High ethical standards, professionalism, integrity, and discretion when handling confidential information and sensitive decision-making processes.
Ability to work effectively under pressure and meet deadlines without compromising quality or accuracy.
We are CommittedTTCPP is an equal opportunity employer, committed to the principles of the Accessibility for Ontarians with Disabilities Act (AODA). We will provide an accessible experience for applicants, members, guests, and TTCPP employees. We are committed to providing an inclusive and barrier-free work environment.
We are also committed to fostering a diverse and inclusive workplace that encourages and welcomes all elements of diversity, including diversity of thought. If you require accommodations at any stage of the hiring process, please contact View email address on ca.hrm.tc. All accommodation-related information will be kept confidential.
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