Book Cost Analyst
Job Description
Description
At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so.
We are currently recruiting for a Book Cost Analyst to join our Reconciliation Team . This role is of utmost importance as it involves the critical task of validating the book costs of equities, investment funds, fixed income products, and derivatives. The Book Cost Analyst will play a pivotal role in ensuring the accurate calculation of book costs and being proactive in assessing how corporate actions impact book costs, such as reorganizations, spinoffs, splits, and more. Correct book cost calculations are essential for generating accurate monthly statements, gain/loss calculations, and ensuring the correct book cost is captured on tax slips, including T5008 and RL18.
WHAT YOU WILL DO
- Validate and reconcile book costs for various financial instruments, including equities, investment funds, fixed income products, and derivatives.
- Monitor and assess how corporate actions, such as reorganizations, spinoffs, splits, and mergers, impact book costs and proactively make necessary adjustments.
- Collaborate with internal teams to ensure accurate and timely reporting of book costs.
- Conduct thorough analysis using DTC, CDS, FundServ resources to resolve discrepancies in book cost calculations.
- Making sure the distributions that impact book cost are processed correctly such as notional (non-cash), return of capital, stock dividends, dividend re-investment.
- Stay updated on industry regulations and changes that may impact book cost reporting.
- Work closely with the tax department to ensure that correct book costs are captured on tax slips, including T5008 and RL18.
- Generate and review monthly book cost reports to ensure accuracy and reliability for clients.
- Collaborate with technology teams to develop and enhance book cost validation tools and systems.
- Provide support in ad-hoc projects related to book cost analysis and tax reporting.
WHAT YOU WILL BRING
- Minimum 3 years of experience in securities dealer operations, preferably in book cost function
- Completion of a post-secondary program in Finance, Accounting, or related field
- Strong understanding of equities, investment funds, fixed income products, and derivatives.
- Proven ability to identify and address discrepancies in book cost calculations.
- Knowledge of DTC, CDS, FundServ platforms
- Knowledge of corporate actions and their impact on book costs.
- Intermediate/Advanced knowledge of Microsoft Office products, primarily Excel
- Strong analysis and reconciliation skills
- Detail-oriented and self-motivated
- Knowledge of the broker-dealer industry an asset
- Strong organizational, time management, and communication skills
- Capable of working independently and as part of a team
CI Financial is an independent company offering global wealth management and asset management advisory services through diverse financial services firms. Since 1965, we have consistently anticipated and responded to the changing needs of investors. We are driven by a commitment to provide individuals and institutions with the highest-quality investments and advice. Our commitment to the highest levels of performance means that whatever their position, CI employees must be comfortable in a fast-paced environment that will stretch them to tap into their highest potential. Employees with a healthy dose of ambition, a desire to commit to a curious mindset for continuous learning, and a willingness to go the extra mile thrive at CI.
A Supportive Environment for Success
We offer an in-office environment, competitive benefits, and a supportive workplace to help our employees thrive both personally and professionally.
WHAT WE OFFER
- Modern HQ location within walking distance from Union Station
- Training Reimbursement
- Paid Professional Designations
- Employee Savings Plan (ESP)
- Corporate Discount Program
- Enhanced group benefits
- Parental Leave Top–up program
- Paid time off for Volunteering
We are focused on building a diverse and inclusive workforce. If you are excited about this role and are not confident you meet all the qualification requirements, we encourage you to apply to investigate the opportunity further.
Please submit your resume in confidence by clicking “Apply”. Only qualified candidates selected for an interview will be contacted. CI Financial Corp. and all of our affiliates (“CI”) are committed to fair and accessible employment practices and provide reasonable accommodations for persons with disabilities. If you require accommodations in order to apply for any job opportunities, require this posting in an additional format, or require accommodation at any stage of the recruitment process please contact us at , or call ext. 4747.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance and Accounting/Auditing
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Company
CI Financial
Location
Toronto
Country
Canada
Salary
100.000
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