OMERS
The OMERS Infrastructure Strategic Partnership Program (SPP) invests and manages capital from third parties alongside OMERS capital, providing global institutional investors with access to high quality infrastructure assets. OMERS currently manages over C$7 billion of third-party capital across 11 investments globally.
SCOPE OF POSITION
As a key member of the Investment Finance team, the Director, Investment Finance (SPP) will be a key partner to the Infrastructure SPP team, reviewing and providing guidance on finance related matters. The Director, Investment Finance (SPP) will also be responsible for the overall reporting for our third-party programs for the infrastructure portfolio. This includes, but is not limited to, activities that support accounting, financial and regulatory reporting, budgeting & forecasting, managing track record for OMERS managed assets, and maintaining and building relationships with internal teams and external consultants. In addition, the Director, Investment Finance (SPP) shall maintain, recommend, and implement appropriate internal controls and processes in support of the financial reporting for the third-party programs.
CORE RESPONSIBILITIES
Financial Reporting & Analytics
Review and approve quarterly reporting (e.g. financial statements, financial and management reporting, etc.) for the third-party programs;
Maintain, review and manage the audit of the track record for all OMERS managed assets;
Review and prepare analysis on performance returns for the individual assets, investors and the portfolio under third-party programs;
Review the annual budget and quarterly forecast and assist with preparation of the annual operating plan as it pertains to the third-party program;
Manage onboarding of new investors with fund administrator(s);
Maintain and review carry calculations for individual assets to ensure proper treatment in accordance with legal documents, as applicable; and
Work closely with the valuations team to understand key performance drivers and other metrics reported to third party investors
Cash Management
Review the monthly cash/distribution projections for individual assets, as applicable;
Review funding and wire instructions and ensures compliance with internal process;
Ensure distribution and capital call statements to investors are prepared and calculated appropriately and in accordance with legal documents;
Liaise with third-party consultants (fund administrator, tax, legal, etc.) to ensure withholding taxes are calculated/paid properly;
Manage setup of treasury function with fund administrator for new investors/assets; and
Authorize transfers of cash between bank accounts and releasing cheques and wires.
Compliance
Organize and oversee the gathering of financial and operating information for compliance and regulatory reporting (e.g. SEC reporting, etc.)
Ensure appropriateness and accuracy of reporting for compliance and regulatory purposes;
Ensure compliance with domestic and foreign reporting requirements, including liaising with in-house and external legal counsel; and
Coordinate/oversee tax compliance matters affecting assets under the third-party programs.
Relationship Management
Establish and maintain strong working relationships with third-party consultants, including tax, accounting consultants and legal counsels ;
Oversee relationships with fund administrator(s) across all assets under third-party programs in different regions;
Establish and maintain strong working relationships with internal teams (SPP, tax, legal, deal);
Participate in investor calls, including ODD calls, quarterly investor meetings, ad hoc meetings, etc.; and
Negotiate contracts/engagement letters with third-party consultants (e.g. fund administrator(s), accounting, auditor, etc.).
Other duties
Review and provide comments on legal documents in relations to assets under third-party programs (e.g. management agreement, structuring documents, term sheets, side letters with investors, etc.);
Maintain, recommend, and implement procedures and processes to ensure adequate internal controls are in place;
Act as subject matter expert and leads relevant workstreams for any finance system implementations, specifically for assets under third-party programs;
Supervises and/or participates in special projects assigned by management.
QUALIFICATIONS
7-10 years of progressive working experience, with a minimum of 5 years in industry and experience in private market asset class and fund raising experience is preferred;
Chartered Professional Accountant designation is required;
Strong operational and people management skills, with a minimum of 5 years of supervisory/management experience;
Experience in complex organizational and reporting structure with multi-currency reporting;
Highly proficient in Microsoft Office tools especially Excel;
Work experience and strong technical accounting knowledge in IFRS, and US GAAP, including proposed new standards;
Superior written and verbal communication skills;
Strong organizational skills and ability to work under time constraints, including handling multiple tasks, meeting tight deadlines and managing ad-hoc projects; and
Strong technical, analytical and problem-solving skills
Our story:
Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with $121 billion in net assets as at December 31, 2021. OMERS is a jointly-sponsored pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. Contributions to the Plan are funded equally by members and employers. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.
OMERS is committed to having a workforce that reflects the communities in which we live and work. We are an equal opportunity employer committed to a barrier-free recruitment and selection process. At OMERS inclusion and diversity means belonging. How we create a sense of belonging is through our employees and our vast network of Employee Resource Groups. Whether you are passionate about gender, pride, or visible minorities, we have groups that are focused on making a difference in all of our lives.