Trust Accountant

International Financial Data Services (IFDS); Toronto; On-site; CAD 80,000 - 85,000; Full time

Job summary

International Financial Data Services (IFDS) is hiring a Trust Accountant in Toronto. The role involves overseeing trust accounts, ensuring compliance with accounting processes, and requires strong analytical and communication skills. A great opportunity for those with experience in accounting within the financial services industry.

Qualifications

• Good working knowledge of general accounting principles.
• Strong PC software skills including Windows and Excel.
• Excellent communication skills required for interacting with custodial banks.

Responsibilities

• Review and reconcile cash activities in trust accounts daily.
• Interact with Operations groups and resolve issues with clients.
• Prepare and mail payment cheques as required.

Skills

Analytical skills

Problem-solving skills

Excellent communication skills

Organizational skills

Detail-oriented

Education

Knowledge of accounting principles

Tools

MS Excel

MS Word

Job description

Join to apply for the Trust Accountant role at International Financial Data Services (IFDS)

Join to apply for the Trust Accountant role at International Financial Data Services (IFDS)

Who We Are

With its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. With employees and partners located throughout Canada, Europe, and Asia-Pacific, the IFDS enterprise supports more than 17 million accounts with AUA of approximately CAD $4 trillion. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between Boston-based State Street Corporation, one of the world’s leading providers of financial services to institutional investors, and Connecticut-based SS&C Technologies, a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries.

Employment Type: Permanent

Address

30 Adelaide Str, East

Toronto, Ontario, M5C 3G9

Canada

Who We Are

With its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. With employees and partners located throughout Canada, Europe, and Asia-Pacific, the IFDS enterprise supports more than 17 million accounts with AUA of approximately CAD $4 trillion. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between Boston-based State Street Corporation, one of the world’s leading providers of financial services to institutional investors, and Connecticut-based SS&C Technologies, a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries.

Imagine yourself at IFDS

Come experience a community like no other at International Financial Data Services (IFDS). We offer work opportunities driven by a passion for creating market leading financial solutions, and a culture that nurtures collaboration, accountability, diversity & inclusion, and continuous learning. We’ll provide you with opportunities to develop your career. From ongoing training and development programs to experiences working with our global financial services partners, you’ll be able to realize your full potential.

Role Overview

IFDS Trust Accountants are responsible for overseeing trust accounts, with multiple clients, and ensuring that all accounting processes related to trusts are completed in accordance with statutory requirements.

Role Responsibilities

• 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. Initiates calculations and prepares letters for reporting to fund custodian and clients. Prepares and mails or wires payment cheques
• Interacts with Operations groups, State Street Bank and other custodian banks, as well as clients, broker/dealers to exchange information and resolve problems
• Analyzes reports to capture exceptions; researches and resolves issues and open items
• Use automated systems to enter cash, transfer and other transactions
• Maintains appropriate files, records and reports as required
  
  

Minimum Qualifications

• Good working knowledge of general accounting principles (specifically reconciliation and posting)
• Solid PC software (Windows, MS Excel and Word) skills
• Analytical, organizational and problem solving skills
• Ability to be detail‑oriented and work in a fast paced environment
• Excellent communications skills (written and verbal) required in interaction with custodial banks 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
  
  

Critical Requirements

• 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
  
  

Important Requirements

• Knowledge of National Instruments 81-102 governing mutual funds.
• One or more year work experience in a business environment.
  
  

AODA Statement

IFDS Canada encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodation needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Section: Client Experience Operations

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Banking, Financial Services, and IT Services and IT Consulting

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