MANAGER, FINANCIAL ACCOUNTING AND INVESTMENTS (BAND LEVEL 13)

October 24, 2025

MANAGER, FINANCIAL ACCOUNTING AND INVESTMENTS (BAND LEVEL 13)

Pension Services

Office of the AVP (Finance) and CFO

(Permanent Position)

DUTIES

This newly established strategic position within Memorial University's Pension Services Office will play a key role in leading the financial accounting and investment activities for the University's pension plan. Reporting to the Director, Pension Services, the Manager will oversee a team and be responsible for the strategic direction, day-to-day monitoring, and oversight of the pension plan's $2.4 billion investment portfolio.

The Manager will ensure that investment strategies align with the University's long-term objectives and will be responsible for overseeing the pension investment portfolio and monitoring its performance. The incumbent will lead the selection, onboarding, and evaluation of external investment managers, including conducting searches and making recommendations regarding appointments and terminations. The role also includes oversight of market reviews and the selection of the investment consultant, pension fund custodian, and tax advisors. As the primary liaison with the pension plan's investment service providers, the Manager will manage account creation, service delivery, contract administration, and performance monitoring.

Additional responsibilities include coordinating cash flows, approving monthly pension fund rebalancing and foreign exchange transactions, and advising on dividend reinvestment strategies. The Manager will lead regular strategy and performance meetings and collaborate with the Manager, Pension Administration and the Director, Pension Services on Asset Liability Studies and related investment strategy development. The incumbent will research and provide recommendations on new and evolving investment opportunities and will prepare and present investment monitoring and due diligence reports to the Pension Advisory Committee and its subcommittees. The Manager will also be responsible for recommending, implementing, and documenting pension plan investment policies and procedures, including the design and maintenance of the pension plan's Statement of Investment Policy and Objectives, and will attend and participate in annual general meetings of privately held investments.

In addition to investment oversight, the Manager will provide leadership in all aspects of financial accounting related to the pension plan. This includes managing financial reporting for plan operations, such as investment income reporting, cash flow preparation, and the preparation of annual audited financial statements, while ensuring compliance with Generally Accepted Accounting Principles (GAAP). The incumbent will develop frameworks for investment-related financial operations and support the implementation of internal controls to safeguard pension assets and ensure accurate recognition of plan assets and liabilities. The Manager will also liaise with University financial systems personnel on matters related to system operations and enhancements, and perform other related duties as required.

QUALIFICATIONS

The successful candidate will have 5–8 years of experience managing pension investments at an institutional level. A graduate degree in business administration, economics, or finance is required; however, an equivalent combination of education and experience may be considered. A CPA designation is required and completion of an industry recognized investment credential such as the Canadian Securities Course is necessary. Candidates who have not completed the Canadian Securities Course or an equivalent program are still encouraged to apply. The ideal candidate will have experience working with a multi-billion dollar, broadly diversified institutional investment fund, preferably within a defined benefit pension plan. The incumbent must have demonstrated experience in interpreting and applying GAAP, preparing complex financial statements, and designing effective internal control mechanisms. Strong analytical, organizational, and communication skills, along with a proven ability to manage relationships with internal and external stakeholders, are essential.

SALARY $96,244 – $126,638 per annum (Leadership Group)

CLOSING DATE November 14, 2025, by 5:00 p.m. NST

All qualified candidates are encouraged to apply; however, preference will be given to applicants who are legally entitled to work in Canada. Memorial University is committed to employment equity and diversity and encourages applications from all qualified candidates, including women; 2SLGBTQIA+ people; persons whose gender identity or gender expression is nonbinary or otherwise not cisgender; Indigenous peoples; racialized people; black persons; and persons with disabilities. Memorial is committed to providing an inclusive learning and work environment.

If there is anything we can do to ensure your full participation during the application process, please contact [email protected] directly and we will work with you to make appropriate arrangements.

The personal information requested in your application is collected under the authority of the Memorial University Act (RSNL 1990 c M-7) for the purpose of identifying and recruiting candidates; assessing applicant qualifications; and maintaining records pertaining to the administration of employment with Memorial University of Newfoundland.

If you are a successful candidate, this information will form part of your permanent employment record and will be used for other activities related to the employment process. This information may be disclosed to government departments and agencies as legally required; and to third party service providers, as necessary to administer programs and activities.

If you have any questions about the collection, use and disclosure of the information on this form, please contact MyHR, Department of Human Resources, at [email protected].

Please be advised that we are unable to provide updates on current competitions.

We thank all applicants for their interest, however, only those selected for an interview will be contacted.