Trust Accountant

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  Location

  (CANADA) and Toronto

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  Job Reference

  19977

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  Functional Area/Experience

  Business, Accounting & Finance / Fresh Graduate

Job Description & Qualifications

At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so. 

Reporting to the Manager, Trust Accounting, we are currently seeking a Trust Accountant. The successful candidate will have knowledge of daily reconciliation of trusts accounts, accurate preparation and posting of journal entries into accounting system, inputting and verify bank transfers / wire payments / PACs / stop payments / tax payments and fraudulent items using a variety of banking platforms and ability to work well in the team to help the daily trust accounting tasks be completed.

What you will do

• Daily reconciliation of trust accounts
• Prepare and post daily journal entries to accounting system
• Prepare and input cash transfers between trust and /or corporate accounts Responsible for preparing the daily capital transfers between the trust accounts and fund custodian accounts
• Download and save banking documentations
• Input wire payments using banking software Check, count, and add printed system and manual cheques
• Check and approve manual cheque requests in accounting system
• Processing stop payment cheque requests using the banking application
• Prepare reconciliations for FundServ Trades (including A$M, FIR, Adjustment (AOT / REV trades), Dilution, weekly commissions and monthly Trailer Fees)
• Check and signoff EFT deposits.
• Prepare bank deposits and scanning of cheque deposits using banking application
• Analyze and follow up on outstanding reconciling bank items with Operations and Client Service depts.
• Verify cashed cheques using the banking site for fraudulent items
• Reconcile and process tax remittance payments using the banking application Reconcile weekly commissions
• Prepare and reconcile month-end bank charges to report to Corporate Accounting
• Prepare and reconcile monthly Trust bank interests
• Prepare and reconcile monthly Internal Fund compensation
• Assist in documentation of department procedures
• Respond to email inquiries received from other depts.

What you will bring

Experience

• Industry related experience or equivalent Trust Accounting experience

Education/Training

• Post-secondary education
• Basic accounting principles
• Canadian Securities Course and/or IFIC courses are an asset

Knowledge, Skills, and Abilities

• Strong knowledge of the trust accounting / transfer agent function and basic accounting principles
• Knowledge of CSS / FundServ functionality
• Proficient in the use of software applications – working knowledge of Word, Excel, Outlook, etc.
• Strong organizational skills
• Able to complete tasks efficiently and accurately within set deadlines
• Strong problem-solving skills
• High degree of accuracy and attention to detail is essential
• Excellent verbal and written communication skills
• Dedicated and professional
• Able to work in group environment, as well as independently

CI Financial is an independent company offering global wealth management and asset management advisory services through diverse financial services firms. Since 1965, we have consistently anticipated and responded to the changing needs of investors. We are driven by a commitment to provide individuals and institutions with the highest-quality investments and advice.   Our commitment to the highest levels of performance means that whatever their position, CI employees must be comfortable in a fast-paced environment that will stretch them to tap into their highest potential.  Employees with a healthy dose of ambition, a desire to commit to a curious mindset for continuous learning, and a willingness to go the extra mile thrive at CI. 

What we offer

• Modern HQ location within walking distance from Union Station
• Flexible & Hybrid Work Program
• Equipment Purchase Program
• Training Reimbursement
• Paid Professional Designations
• Employee Share Purchase Program (ESPP)
• Corporate Discount Program
• Enhanced group benefits
• Parental Leave Top–up program
• Fitness membership discounts
• Volunteer paid Days
• Complimentary vending machines

We are focused on building a diverse and inclusive workforce. If you are excited about this role and are not confident you meet all the qualification requirements, we encourage you to apply to investigate the opportunity further.