Trust Accountant

International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. The Trust Accountant role involves reviewing and reconciling cash activity in trust and commission bank accounts, preparing reports, and interacting with various stakeholders to resolve issues. This position requires attention to detail and strong organizational skills to manage multiple tasks in a fast-paced environment.

Responsibilities

• Reviews and reconciles cash activity in the trust and commission bank accounts on a daily basis by balancing incoming and outgoing cash to transactions processed
• Reconciles commission and 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
• Uses automated systems to enter cash, transfer and other transactions
• Maintains appropriate files, records and reports as required

Skills

• Good working knowledge of general accounting principles (specifically reconciliation, 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
• Takes a logical approach to analyzing problems
• Systematically researches information and explores alternatives to solve problems
• Strong organizational skills
• Prioritization – ability to organize workflow in order to accomplish multiple and changing priorities within specified timeframes
• 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 81-102 governing mutual funds
• One or more year work experience in a business environment

Benefits

• IFDS offers a comprehensive, competitive compensation & benefits package
• IFDS offers a hybrid work environment with our office located in the downtown core within walking distance to Union Station and the PATH
• IFDS offers continuous learning opportunities, leadership development & training programs
• Our inclusive work environment supports equity and values diversity
• Access to a variety of wellness initiatives, mental health support, and employee assistance programs
• Participate in volunteer opportunities and give back to our community through our various social care programs

Company Overview