Trust Accountant

Scotiabank; Toronto; On-site; CAD 65,000 - 90,000; Full time

Job summary

Scotiabank is seeking a Trust Accountant to manage maintenance, reconciliation, and balancing of all daily functions within the Trust department. You will liaise with 1832 Asset Management L.P.

teams including Portfolio Administration and Fund Accounting to ensure accuracy and timely reporting. You will prepare cash movements, reconcile transactions, and post G/L entries, contributing to daily journal postings and compliance with controls in a fast-paced environment.

Qualifications

• CPA enrolment is an asset.
• Proficiency in MS Office (Excel and Word) required.
• Experience in a team environment.

Responsibilities

• Prepare net cash movements for all funds based on transaction data.
• Reconcile daily transactions processed by client administration.
• Prepare G/L entries on a daily/weekly basis for accounts assigned.
• Balance daily transactions for all funds.
• Run daily macros to post daily journal entries to the database and QC the macro output.

Skills

MS Office

Team collaboration

Attention to detail

Problem solving

Multi-tasking

Education

CPA Enrolment (asset)

Tools

MS Excel

IFAST

Job description

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Title: Trust Accountant

Requisition ID: 272322
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

As a Trust Accountant you will manage the maintenance, reconciliation, accuracy and balancing of all daily functions within the Trust department. This role involves liaising with other departments within 1832 Asset Management L.P. including Portfolio Administration, Fund Accounting, Client Administration and Corporate Accounting.

Is this role right for you? In this role you will:

• Prepare net cash movements for all the funds based on transaction data
• Reconcile the daily transactions processed by client administration
• Prepare G/L entries on a daily/weekly basis for any accounts assigned
• Balance the daily transactions for all the funds
• Run daily macros to facilitate posting the daily journal entries prepared by members of the trust accounting team to the database from which the trial balance is obtained QC report from the macros to ensure accuracy and completeness
• Compare the summary created within a daily macro to the journal entries prepared by the members of the trust accounting team to ensure accuracy and completeness of the data that will be uploaded to the database
• Prepare daily bank reconciliations and update the outstanding cheque lists
• Reconcile and remit government accounts for withholding tax
• Prepare invoices or payments for commission and trailer fees
• Analyze various G/L accounts and follow up on outstanding items to ensure timely clearing of items
• Facilitate manual payments to clients, custodians & FundSERV
• Update issued manual payments and cancelled cheques into unitholder systems (IFAST, ECS & BNS) as required
• Ensure the accuracy of daily deposits
• Facilitate the daily reconciliation of Loss/NSF fees which are allocated to funds
• Participate in special projects and other administrative duties as required

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• CPA enrolment is an asset
• Proficiency in MS Office (i.e., excel & word) required
• Experience working within a team environment
• Experience in the mutual funds industry is an asset
• Experience working with iFAST is an asset
• Proven attention to detail with a desire for accuracy
• Excellent problem-solving skills
• The ability to multi-task in a fast-paced environment

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.