Manager, Private Assets Financial Reporting And Advisory

Manulife Boston , MA 02298

Posted 2 months ago

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

Manulife Wealth & Asset Management ("WAM") is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. Our Private Markets segment has expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy and oil and gas. Private Markets also partners with Manulife's specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt.

Currently, there are several funds and separately managed accounts with external investors in Real Estate, Commercial Mortgages, Private Debts, Timber, Agriculture and Natural Resources with an aggregate AUM of over $20 billion. This AUM is expected to grow further over the next few years within both our existing products and the development and launch of new products, several of which are in various stages of development within the Real Estate and Private Equity (Power and Infrastructure).

As part of the Global Wealth and Asset Management ("WAM") Private Assets Financial Reporting and Advisory team, the Manager, Financial Reporting ("Manager") will support the Private Assets products in Power & Infrastructure on all financial reporting aspects. The incumbent will be responsible for completing the financial reporting processes and providing analytical support to produce financial reporting and ongoing operations of the offered third party funds. This role will work closely with several teams throughout the organization to deliver timely results. The role demands not only an in-depth accounting knowledge base but also the ability to work independently and communicate effectively to various stakeholders while managing priorities in line with deadlines.

Key Accountabilities:

The incumbent will provide analysis and reporting support in relation to:

  • Preparation of quarterly and annual financial statements and disclosures in compliance with IFRS and / or US GAAP;

  • Assist with the coordination of the annual audit and work directly with external auditors

  • Review and check accuracy and completeness of information provided by internal operations and reporting teams;

  • Assist in the preparation of the Board reporting package on a quarterly basis and supporting financial analysis as required;

  • Strong focus on collaboration and relationships with various internal and external stakeholders;

  • Use appropriate judgment in dealing with issues and requests, demonstrating an ability to effectively prioritize work and determine solutions;

  • Propose and/or implement procedural changes to improve performance of the team;

  • Provide valuable financial analysis and review results for reasonability; and

  • Assist with ad-hoc projects and new initiatives within the department.

The skills and qualifications you will need to be successful:

  • Bachelor's degree in business admin, accounting, and/ or finance; professional accounting or finance designation strongly preferred (CPA, CA, CFA, or equivalent);

  • Minimum 4-5 years of experience private equity fund reporting, especially in Power & Infrastructure is a strong plus, and experience analyzing financial statements;

  • Thorough knowledge of accounting principles and procedures under IFRS and / or US GAAP;

  • Excellent ability to communicate both written and verbally;

  • Advanced level of proficiency in MS Excel and other MS office tools (e.g. Word and PowerPoint to develop reports, documents and presentations);

  • Strong attention to detail and aptitude to learn;

  • Collaborative and be able to motivate different business units and supporting functions;

  • Well organized and initiative to perform in a fast paced and challenging environment;

  • Flexibility to work extra hours as needed while working under tight deadlines;

If you are ready to unleash your potential it's time to start your career with Manulife/John Hancock.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of September 30, 2019, we had over $1.2 trillion (US$881 billion) in assets under management and administration, and in the previous 12 months we made $29.8 billion in payments to our customers.

Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Manulife is an equal opportunity employer. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.

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Manager, Private Assets Financial Reporting And Advisory