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Wealthsimple, Canada's leading financial innovator serving 4+ million Canadians with $155B+ in assets under administration, is seeking an Associate for Fund Operations to join the Alternative Operations team.
You will be a core member of the Fund Operations team, which owns operational functions for private credit, private equity, private markets, venture, and infrastructure fund structures. Working directly with your manager and fellow Fund Operations Associates, you'll execute daily fund accounting and capital activity processes with institutional-grade precision.
Key responsibilities include:
- Owning Net Asset Value (NAV) tasks: expense reviews, P&L verification, cash and position reconciliations to ensure accurate and defensible fund NAVs
- Processing capital activity for alternative funds including subscriptions, redemptions, distributions, and capital calls with precision
- Managing in-kind and mutual fund transfer transactions within Fundserv, serving as a subject matter expert on fund manufacturing and dealer operations
- Collaborating cross-functionally with Asset Management, Compliance, Product, Trading, and Engineering to ensure client record accuracy and flag operational issues early
- Responding to client inquiries and preparing ad-hoc portfolio reports
- Coordinating with auditors during annual audit processes and preparing audit workpapers
- Identifying process inefficiencies using data analysis and proposing solutions, including AI-assisted improvements
- Maintaining and updating process documentation as operations scale
The Fund Operations team is small and high-ownership, working closely with Legal, Compliance, Investment Research, and external partners (Fund Administrators, GPs, Custodians, Auditors) to build institutional-grade processes as the alternatives platform grows.
Wealthsimple offers hybrid work with 1,500+ employees across North America, top-tier health benefits, 20 vacation days plus 4 wellness days and unlimited sick/mental health days, 90-day work-away program, employee resource groups, and long-term group savings with employer match.
REQUIREMENTS:
- 1–2 years of experience at a fund management or fund administration company, with exposure to NAV calculations, tax and audit preparation, and settlement of orders, distributions, redemptions, and capital calls
- Experience through a full fund accounting cycle, including trade execution, positions, bank reconciliations, audit support, and journal entries
- Strong Excel skills; SQL or other programming experience considered a plus
- Progress toward or completion of an industry designation (CPA, CFA, CAIA, CSC) a plus
- Strong business judgment, comfort working with large datasets under tight deadlines, and genuine curiosity about fintech and alternative investments
