Full-Time

Director – Investment Accounting

Updated on 7/21/2026

OMERS

OMERS

Manages defined-benefit pension plan assets

No salary listed

Toronto, ON, Canada

Hybrid

Minimum four days per week on-site.

Category
Accounting (1)

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Requirements
  • Technical depth in investment accounting, financial reporting, and accounting standards.
  • Strategic orientation with a track record of leading change, innovation, and process transformation.
  • Ability to lead, develop, and inspire high-performing teams and build organizational capability.
  • Strong enterprise partnership, communication, and stakeholder management skills, with the ability to influence across functions and levels.
Responsibilities
  • Lead accurate and timely end-to-end delivery of monthly, quarterly and annual financial accounting and reporting, including chart of account maintenance across different systems.
  • Review of financial statements and note disclosures, ensuring compliance with accounting standards across a variety of GAAPS (e.g. IFRS, ASPE, US, UK), regulatory requirements and completeness and accuracy of financial data
  • Monitor changes in accounting standards, regulatory requirements and industry best practices; assessing their impact on OMERS investment finance activities
  • Develop, implement, and maintain standardized accounting procedures, robust financial controls, processes and systems to ensure data integrity
  • Drive continuous improvement of processes, including from new platform adoption, focused on efficiency, automation initiatives and resiliency of future state
  • Mentor, develop, and manage Investment Accounting team members, fostering a high-performance, high-accountability culture while supporting career growth at OMERS
  • Develop and maintain strong relationships with Finance peers (Tax, Performance and Management Reporting, Corporate Finance, Valuations, Investment Operations) as well as with connected stakeholders across OMERS
  • Coordinate and liaise with internal and external auditors for fieldwork, as well as accounting, reporting and internal control matters
  • Use appropriate judgment in dealing with issues and requests, demonstrating the ability to effectively prioritize work, balance resource requirements and determine solutions
  • Other contributions, as the team may need and as opportunities arise
Desired Qualifications
  • 10+ years’ relevant experience in progressive financial reporting and/or investment accounting roles
  • Post-secondary degree in business, accounting, or finance with a CPA designation
  • Strong knowledge of IFRS, fair value measurement and regulatory reporting relevant to pension funds and investment organizations. Strong business acumen and practical application skills.
  • Experience with the processes of financial accounting and reporting in a multi-business, international, complex enterprise. Ability to challenge the status quo and deliver new/innovative improvements to financial processes
  • Strong communication, presentation and stakeholder management skills
  • Experience managing audit processes and working with external auditors
  • Proven leadership skills, with experience building and managing high-performing teams
  • Experience and technical proficiency with eFront, Aladdin, Oracle and Workiva would be an asset
  • A people-first focus with a desire to develop meaningful, trusting relationships across all levels;
  • A sense of urgency, optimism, and a desire to deliver excellence;
  • A skill in delivering candid feedback in a gracious and empathetic manner;
  • A desire to drive debate, to speak candidly and to listen thoughtfully;
  • Results-orientation, able to lead expectations, work under tight timelines and handle challenging priorities
  • An adaptable and continuous improvement mindset, energized by new opportunities and challenges.
  • A willingness to understand the detail when needed, yet balanced with the ability to see the big picture.

OMERS is a large Canadian defined benefit pension plan that administers pensions and manages investments for active, deferred, and retired employees of Ontario municipalities, school boards, libraries, police and fire departments, and other local agencies. It is funded by member contributions and investment returns, with OMERS handling member records, retirement benefits, and pension payments while investing to grow the fund for future payouts. It stands out as one of Canada’s largest defined benefit plans by net assets (about C$138.2 billion as of Dec 31, 2024) and has a long history, with offices around the world supporting a diverse asset base. Its goal is to provide secure, sustainable retirement benefits for its members while prudently investing the fund to maintain long-term financial strength.

Company Size

N/A

Company Stage

N/A

Total Funding

$274.2M

Headquarters

Toronto, Canada

Founded

1962

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Simplify Jobs

Simplify's Take

What believers are saying

  • Infrastructure assets deliver steady results aligned with expectations despite global uncertainty.
  • Fixed income strategy boosted returns via interest income and declining yields.
  • OMERS retains AAA rating due to high assets and low debt despite funding deficit.

What critics are saying

  • Direct private equity strategy may be curtailed within 6-12 months due to low deal activity.
  • Recent growth-venture vintages likely underperform promised returns within 12-18 months.
  • Deutsche Glasfaser recapitalization faces 40-60% collapse risk within 6-12 months, threatening existential loss.

What makes OMERS unique

  • OMERS increased infrastructure allocation to 55% to offset private equity volatility.
  • OMERS shifted Asia-Europe private equity strategy to fund investing, reducing deal flow risk.
  • OMERS' active currency hedging added nearly 1% to H1 2025 returns.

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Benefits

Flexible Work Hours

Hybrid Work Options

Professional Development Budget

Conference Attendance Budget

Company News

Mobile Europe
Apr 21st, 2026
Germany's largest altnet offered funding as it struggles with €7bn debt.

Germany's largest altnet offered funding as it struggles with €7bn debt. 21 April 2026 Canadian pension fund Omers and private equity group EQT have jointly offered another €5 billion - they are already investors in the altnet. The Canadian pension fund Omers and private equity group EQT offered to put an additional €5 billion into the German altnet firm Deutsche Glasfaser. The Financial Times reports [subscription needed] that the broadband provider is heavily indebted and in danger of being seized by lenders. The two have already invested €4 billion in Glasfaser., which has debts of more than €7 billion gross debt. They had put forward a refinancing deal last December but creditors rejected it. Unnamed sources suggest the new deal could be sealed this week. It is preferred to the previous offer as it shifts more debt to the 'holding company' some of the same sources added. Germany still playing catch-up Germany, along with the other major economies such as the UK and Italy (but not France) was a laggard in the fibre broadband stakes, but has accelerated the roll-out in the last few years. Although full FTTH/B coverage is still behind some EU counterparts, Gigabit speed connectivity is available to 77-79% of households using various technologies such as copper, cable and fixed wireless access for the final link into customers' premises. The big three Glasfaser was set up in 2011 and is Germany's second-largest fibre broadband provider, serving more than 2.6 million homes. Its focus is rural and suburban areas, but has almost halved its target of premises passed by 2032 from 6 million to 3.2 million having failed to attract enough customers - retail and wholesale. Deutsche Telekom is the largest provider of fibre broadband in Germany, both in terms of network infrastructure and active customers, having passed more than 12 million households and businesses. In January it announced it has exceeded coverage of more than half of Germany's permises and says that by 2027, it aims to pass 17.5 million homes. Vodafone Deutschland claims to have the largest full fibre netork in Germany and offers fibre broadband to more than 11 million households through a combination of its own infrastructure, a joint venture called OXG Glasfaser, and through wholesale partnerships with Deutsche Telekom and Deutsche Glasfaser. OXG was launched by Vodafone and Altice in 2023.

Yahoo Finance
Apr 6th, 2026
Canada's largest pension funds report steep PE losses despite sophisticated management

Canada's largest pension funds have reported weak private equity performance for 2025, but consultant Alexander Beath argues the poor results may reflect flawed benchmarking rather than actual underperformance. Ontario Teachers' Pension Plan recorded a 5.3% loss on its PE portfolio, whilst Ontario Municipal Employees Retirement System saw a 2.5% loss. Caisse de dépôt et placement du Québec's buyout portfolio returned just 2.3%, missing its benchmark by over 10 percentage points. Healthcare of Ontario Pension Plan gained 0.6%, whilst Alberta Investment Management Corporation's PE portfolio returned 3%. Beath contends these pensions measure PE performance against benchmarks heavily weighted towards large-cap stocks, particularly the Magnificent Seven, which saw massive 2025 returns. This makes PE appear worse by comparison, despite industry-wide headwinds from slow dealmaking and valuation declines.

Benefits Canada
Mar 24th, 2026
OMERS appointing Luca Lupo as senior managing director and head of Europe.

OMERS appointing Luca Lupo as senior managing director and head of Europe. * By: Staff * March 24, 2026 * 11:00 The infrastructure arm at the Ontario Municipal Employees' Retirement System is appointing Luca Lupo as senior managing director and head of Europe, effective immediately. Lupo joined the OMERS in 2022 as part of the infrastructure team. In this new role he will lead the regional team based in London and will oversee regional origination activities and the platform's management of its investments in Europe, according to a press release. In addition to his knowledge of the European markets and the investment organization's portfolio, Lupo is highly respected by portfolio company management teams, advisers and investment partners, said Michael Hill, executive vice-president and global head at the OMERS Infrastructure, in a press release.

FinancialContent
Sep 30th, 2025
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