Fund Operations Associate, Wealthsimple
Professional investing services made simple
Be an early applicant
Professional investing services made simple
1001+ employees
Be an early applicant
1001+ employees
Company mission
To help everyone achieve financial freedom.
Role
Who you are
- You've got at least 1-2 years under your belt at a fund management or administration company, with solid experience in NAV calculations, tax, and audit prep. You're also a pro at managing orders, distributions, and capital calls
- You're keen on reviewing trades, positions, and bank reconciliations, plus you know your way around posting journal entries
- Strong Excel skills are a must, and if you've got a handle on programming (especially SQL) or industry courses (CPA, CFA, etc.) under your belt, that's a huge bonus. You're all about using data to get things done
- You're organized, detail-oriented, and not afraid to tackle large datasets under tight deadlines. Even better, you've got a knack for project management and love finding ways to make processes smoother
- You're passionate about the fintech and alternative investment space, always curious to dig into day-to-day issues and find smart solutions
What the job involves
- As an Associate, Fund Operations, you will:
- You'll ensure our Net Asset Value (NAV) is rock-solid, diving deep into expenses, P&L, and all things reconciliation to safeguard our fund's integrity
- Master the flow of all capital activity for our alternative funds, from new investments to withdrawals, ensuring everything runs with precision
- Provide clear, concise answers to client inquiries and whip up ad-hoc reports that shed light on their investments, helping them understand their portfolios better
- Collaborate closely with our diverse teams across Wealthsimple, acting as a vital link to flag any hiccups and keep our client data pristine
Our take
Wealthsimple is one of a crop of robo-advisors trying to democratize investment management. These companies are disrupting the industry by automating many of the processes involved in investment removing the need for human advisors.
But while other so-called robo-advisors are focused on courting the high end of the market, Wealthsimple is trying to provide the same types of tools and advice to all users, regardless of the amount they have to invest.
Wealthsimple does have higher fees than some other robo-advisors such as Betterment and Charles Schwab. However, the company believes that it provides a more user-friendly platform, tailored to millennials who will be attracted to Wealthsimple due to its ease of use and social impact offerings.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-10% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
May 2021
$542.3m
LATE VC
Oct 2020
$87m
LATE VC
Total funding: $843m
Company benefits
- Retirement savings matching plan through Wealthsimple Work
- Company equity for full-time employees
- Access to Premium Client perks, including personal finance learning & advice and a boosted interest rate on deposits
- Paid parental leave (6 months topped up to 100% of salary)
- 20 vacation days per year
- 90 Days Away program
- Top-tier health benefits
- Life & disability insurance
- Generous sick and mental health days
- Employee resource plan including services like RMT, psychology, and physiotherapy
- Up to $5,000 per year for mental health supports
- Gender Affirmation benefits
- Up to $1,500 per year for professional development
- Up to $1,500 per year for wellness and home office expenses
- Employee resource groups
- Social impact hours
Company HQ
Fashion District, Toronto, ON
Leadership
Michael Katchen
(CEO)Previously worked as a Business Analyst at McKinsey and then at Ancestry.com as Country Director for Canada.
Salary benchmarks
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