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Internship

Finance Co-op/Internship (Fall 2024 and/or Winter 2025 and/or Summer 2025)

Logo of BCI

BCI

16d ago

🚀 Off-cycle Internship

Victoria

5d left

AI generated summary

  • You must have attention to detail, clear communication skills, ability to meet deadlines, professionalism, finance understanding, Excel proficiency, and a desire to grow in the investment industry. Pursuing relevant degree or designation preferred.
  • You will assist in financial planning, analysis, corporate accounting tasks, investment accounting reconciliation, tax compliance, and valuations while gaining exposure to various asset classes. Gain hands-on experience in a dynamic finance environment.

Off-cycle Internship

Banking & FinanceVictoria

Description

  • The Finance department is part of the Operations group and is responsible for investment and corporate accounting, valuation, as well as financial statements and financial reporting to our clients. The team also leads BCI’s budgeting process, tax structuring and tax compliance, finance client engagement, finance operations, and performance measurement and attribution. 
  • Working with our internal business partners, auditors and external advisors, the Finance department strives to be a trusted advisor to our internal and external clients by providing timely, accurate, and relevant financial information.
  • The Finance Client Engagement co-op/intern will work within our Finance department in the Client Financial Planning & Analysis and Client Financial Reporting teams. This is a great opportunity for you to gain a broad understanding and experience in areas such as financial planning, financial reporting, budgeting, and forecasting, financial analysis, Key Performance Indicators (KPIs), stakeholder communication and management, while using technologies and applications including MS Office (Outlook, Excel, Word, Power Point), Jet Analytics, MS NAV, and Share Point.

Requirements

  • Good attention to detail
  • Ability to communicate clearly and concisely
  • Ability to meet deadlines while maintaining accuracy
  • High level of professionalism combined with strong interpersonal skills
  • Ability to meet deadlines while potentially dealing with competing priorities
  • Good understanding of finance
  • Fundamental understanding of accounting principles
  • Aptitude for learning new systems and tools
  • Good Excel skills
  • Ability to work and grow in a team environment
  • There is a preference for candidates with an understanding of the investment industry, and a desire to grow their knowledge of the industry.
  • Pursuit of an economics, finance, or BCom degree, CPA designation or related area in at least their 3rd year is preferred.

Education requirements

Currently Studying

Area of Responsibilities

Banking & Finance

Responsibilities

  • Finance Client Engagement:
  • The Finance Client Engagement co-op/intern will work within our Finance department in the Client Financial Planning & Analysis and Client Financial Reporting teams. This is a great opportunity for you to gain a broad understanding and experience in areas such as financial planning, financial reporting, budgeting, and forecasting, financial analysis, Key Performance Indicators (KPIs), stakeholder communication and management, while using technologies and applications including MS Office (Outlook, Excel, Word, Power Point), Jet Analytics, MS NAV, and Share Point.
  • What you will be doing:
  • Assist with the preparation of special purpose financial reports that are prepared for clients on an as needed basis
  • Assist with the financial planning deliverables for pension clients’ fee consultation and approval meetings, including fee estimates modeling, briefing notes drafting and working with teams from front, middle and back offices
  • Assist with the preparation of benchmarking deliverables including client KPI reports and CEM Benchmarking reports for audience including senior management, other departments, and clients
  • Assist with the monthly internal cost recovery process, including processing large data sets, modeling, and reporting
  • Monitor emails received from clients and, depending on the request or question, respond directly to the client, or assign to an appropriate member of the team for follow up
  • Monitor and assist with the analysis on clients’ requests related to investment management fees
  • Corporate Accounting:
  • The Corporate Accounting co-op/intern will work within our Finance department in the Corporate Accounting team. This is a great opportunity for you to gain a broad understanding of core corporate functions such as accounts payable and receivable processing, account reconciliations, supporting employee reimbursement claims processing and ad hoc projects, where required. This role will be using technologies and applications such as MS Office (Outlook, Excel, Word), Jet reporting, MS NAV, Share Point, and Workday.
  • What you will be doing:
  • Assist with various Finance projects, including procedural documentation
  • Assist with the processing of payables and receivables for the corporation, including employee reimbursement claims and vendor/customer invoices
  • Research best practices, provide recommendations, and work collaboratively in a team environment
  • Support the Corporate Accountant on other tasks as required by the Corporate Accounting branch
  • Investment Accounting:
  • The Investment Accounting co-op/intern will work within the Investment Accounting branch. In this role, you would be exposed to multiple asset classes, review and reconcile daily transaction postings, validate portfolio value changes, and support other departments in their reporting needs. You would have the opportunity to work with other departments in the investment life cycle, from those who make investment decisions to those who are responsible for financial reporting, valuation and portfolio return reporting.
  • What you will be doing:
  • Work as part of a team responsible for validating and analyzing net asset values of various investment structures.
  • Work and learn with teams focused on public markets, infrastructure, real estate, private equity, and derivatives
  • Review and reconcile daily net asset valuations across all asset classes
  • Learn how to utilize industry leading software and reporting solutions
  • Assist in documenting and performing key internal controls
  • Tax:
  • The Tax co-op/intern will work on the Tax Team, which is responsible for tax compliance and deal advisory work. The Tax Team supports BCI by managing tax matters related to the investment asset classes and corporate offices. Ongoing tax compliance is important to maintain good standing with Canadian and International governing bodies. BCI’s Tax Team also plays a significant role in structuring and coordinating investment deals. If you are interested in developing and implementing tax compliance strategies while gaining an understanding of the deal process, please consider applying.
  • What you will be doing:
  • Support various compliance and deal advisory projects. Projects may include updating investment structure diagrams, collecting and interpreting historical data, and filing tax returns
  • Organize and maintain tax documents, SharePoint sites, and Excel databases
  • Gather and prepare information for Canadian, US, and International tax filings
  • Support indirect tax filings, including GST and PST
  • Collaborate with internal teams (ex: Corporate Accounting, Legal, Asset Classes, etc.) and external groups (lawyers, accountants, and other advisors)
  • Document new procedures and suggest improvements to established processes
  • Prepare tax forms and materials for management and other departments
  • Valuations:
  • The Valuations co-op/intern will work in the Financial Reporting & Valuations (“FR&V”) team, responsible for the daily price verification for Fixed Income and Public Equity securities as well as for the quarterly and year-end valuation processes for BCI’s private investment portfolio, including Private Equity, Infrastructure & Renewable Resources, and Private Credit. This is a great opportunity for you to learn and apply your knowledge to prepare valuation of liquid and illiquid investments.
  • What you will be doing:
  • Assist with the daily price verification of fixed income and public equity securities
  • Assist with the review of valuations prepared by investment teams and/or external valuators, verifying or challenging key valuation assumptions
  • Assist with gathering valuation information for presentation and disclosure in pooled fund financial statements
  • Assist with maintain internal controls for liquid and illiquid investment valuation processes and develop procedure documents
  • Report on drivers of changes in value at an investment level and for a consolidated portfolio in a clear and concise manner
  • Assist in projects and strategic initiatives, as requested

Details

Work type

Full time

Work mode

office

Application deadline

May 30, 2024

Location

Victoria