Job Description

Trust Accountant
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.
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