- Review and reconcile cash activities in the trust and commission bank accounts on a daily basis by balancing incoming and outgoing cash transactions processed
- Reconciles commissions, dividend transactions, trailer fees, distributions on weekly, monthly, quarterly and annually basis.
- Co-ordinate with internal Operations team; external Fund Accounting and Custodian teams to reconcile and execute estimates on daily basis at specific times
- Calculate, reconciles and prepares reporting files to Fund Custodian and Fund Companies
- Prepare and initiate mail and/or wire payments, cheques on daily basis.
- Co-ordinate and liaise via email and/or phone with internal Operations groups, Client Service Managers, external financial institutions, custodians, broker/dealers, and Fund Companies to exchange information and resolve issues on daily basis
- Analyze reports with discrepancies; research and resolve
- Use automated systems to enter cash, transfer and other transactions
- Ensure funding is received by Custodian timely, ensure no overdraft in Trust Accounts for Clients
- Maintains appropriate files, records and reports as required
- Support internal and external Audit – provide samples and detailed explanations to Auditors
- Good working knowledge of general accounting principles (specifically reconciliation, debit and credit posting)
- Solid PC software (Windows, MS Excel and Word) skills
- Analytical, organizational and problem solving skills
- Detail-oriented and work in a fast paced environment
- Excellent communications skills (written and verbal) required in interaction with custodian, financial institutions, Fund
- Companies and internal groups
- Ability to multi-task – adjust to multiple demands, shifting priorities, and ongoing change
- Take a logical approach to analyzing problems. Systematically research information and explore alternatives to solve problems
- Strong organizational skills
- Prioritization – ability to prioritize and reorganize workflow in order to accomplish multiple tasks within specified timeframe and deadlines
- Relationship builder – constructs, maintains, nourishes relationships with all stakeholders and creates an environment to sustain high motivation within team
- Proactive in acquiring information to develop new skills to improve job performance. Grasps new material quickly and easily, and applies new information, concepts and procedures in a constructive manner
- Knowledge of the mutual fund industry and the administrative back-office Customer satisfaction orientation
- Tact and diplomacy required in interfacing with clients and highly sensitive issues
- Knowledge of National Instruments governing mutual funds
Trust Accountant - Toronto, Canada - IFDS
Description
Trust Accountant
Permanent
30 Adelaide Str, East
Toronto, Ontario, M5C 3G9
Canada
Job Description
Who we are
With itsglobal headquarters in Toronto, Canada, International Financial Data Services(IFDS) is a world-leading provider of outsourcing and technology solutions tothe financial services industry. IFDS services over 240 financial organizationsaround the world, providing solutions to a wide range of global asset managers,wealth managers, banks, and insurance companies. With employees and partnerslocated throughout Canada, Europe, and Asia-Pacific, the IFDS enterprisesupports more than 17 million accounts with AUA of approximately CAD $4trillion. IFDS Canada, Ireland, andLuxembourg are 50/50 joint ventures between Boston-based State StreetCorporation, one of the world's leading providers of financial services toinstitutional investors, and Connecticut-based SS&C Technologies, a globalprovider of investment and financial software-enabled services and software forthe global financial services and healthcare industries.
Imagine yourself at IFDS
Comeexperience a community like no other at International Financial Data Services(IFDS). We offer work opportunities driven by a passion for creating marketleading financial solutions, and a culture that nurtures collaboration,accountability, diversity & inclusion, and continuous learning. We'llprovide you with opportunities to develop your career. From ongoing trainingand development programs to experiences working with our global financialservices partners, you'll be able to realize your full potential.
Role Overview
IFDS TrustAccountants are responsible for overseeing trust accounts, with multipleclients, and ensuring that all accounting processes related to trusts arecompleted in accordance with statutory requirements.
Responsibilities
Minimum Qualifications