Trust Accountant

Hawksford Singapore; Singapore; On-site; SGD 40,000 - 50,000; Full time

Job summary

A financial services company based in Singapore is seeking an experienced Accountant to manage trust account records, ensure compliance with regulations, and prepare financial statements. The ideal candidate will have a relevant degree, 1-3 years of experience in trust accounting, and excellent communication skills. Proficiency in both English and Mandarin is preferred to serve Mandarin-speaking clients.

Qualifications

• 1-3 years of experience in trust accounting or related industry.
• Ability to maintain confidentiality and trust with clients.
• Strong attention to detail and analytical skills.

Responsibilities

• Handle and maintain accurate records of trust account balances.
• Monitor trust account transactions and ensure compliance with regulations.
• Prepare and file trust account tax returns.

Skills

Trust accounting principles

Financial reporting tools

Communication skills

Attention to detail

Analytical skills

Confidentiality

Mandarin proficiency

Education

Diploma or bachelor's in accounting, finance, or a related field

Tools

Trust accounting software

Job description

Principal Accountabilities:

Accountant – 70%

• Handle and maintain accurate records of trust account balances and activity supported by relevant documentation

• Monitor trust account transactions and ensure compliance with legal and regulatory requirements

• Prepare and file trust account tax returns

• Provide regular financial statements and reports to clients

• Resolve any issues or discrepancies related to trust account activity

• Assist with client trust account setup and maintenance

• Manage full set of trust and its underlying companies’ accounts and prepare financial statements

• Provide accounting support to the trust manager on distributions, payments from and receipts into trusts and/or underlying companies

• Adhere to Company core values and expected behaviours

Administrative – 30%

• Assist with Business Development initiatives.

• Work with BD team and Client Services team to on-board new clients in compliance with internal procedures

• Data management activities – including CRM and daily client data trust administration

• Maintain accurate and updated trust records

• Input of time into database for fee earner(s) when required

• Occasionally organise Director’s activities

• Any reasonable ad-hoc tasks as required by the head of department

Skills Required:

• Diploma or bachelor’s in accounting, finance, or a related field

• At least 1-3 years of experience in trust accounting or related industry

• Working knowledge of trust accounting principles and regulations

• Experience with trust accounting software and financial reporting tools

• Proven ability to maintain confidentiality and trust with clients

• Strong attention to detail and analytical skills

• Excellent communication and interpersonal skills

• Ability to work independently and manage multiple tasks and tight deadlines

• Meticulous and discreet in handling confidential information

• Able to articulate well

• Able to work well with both internal and external stakeholders

• Attention to detail is essential

• Familiar with current trend of IT applications

• Fluent in both written and spoken English and Mandarinwould be preferred as would need to communicate with Mandarin speaking clients.