Financial Operations Analyst, Settlements Specialist, Fund Accountant, Portfolio Administrator (Back Office)
Definition of Back Office roles
Back Office jobs provide essential operational and administrative support to ensure smooth execution of financial transactions. While less visible than Front or Middle Office roles, they guarantee the accuracy, compliance, and settlement of financial operations.
Typical responsibilities of Back Office roles
Financial Operations Analyst
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Process financial transactions executed by the Front Office.
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Verify and reconcile data.
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Manage trade confirmations and settlements.
Settlements Specialist
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Handle the settlement of trades (payments, transfers, securities).
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Resolve discrepancies and disputes with counterparties.
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Work with custodians and clearing houses.
Fund Accountant
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Prepare financial statements for investment funds.
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Track cash flows and calculate Net Asset Value (NAV).
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Produce investor and regulatory reports.
Portfolio Administrator (Back Office)
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Maintain portfolio records and data integrity.
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Ensure regulatory and contractual compliance.
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Support portfolio managers and Middle Office with reporting.
Key skills required for Back Office roles
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Strong organizational skills and attention to detail.
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Knowledge of financial operations and systems (Bloomberg, SimCorp, Calypso).
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Accounting and compliance knowledge.
Education and experience requirements
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DEC or Bachelor’s degree in finance, accounting, or business administration.
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Experience in financial operations, fund accounting, or banking institutions.
Career outlook and progression
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From Back Office Analyst to Settlements Specialist or Fund Accountant.
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Opportunities to move into Middle Office, compliance, or fund administration.
Salary in Back Office in Quebec
Operations Analyst: CAD $55,000 – $70,000.
Settlements Specialist: CAD $60,000 – $80,000.
Fund Accountant: CAD $65,000 – $90,000.
Senior Portfolio Administrator: CAD $80,000 – $110,000.