Our client is a top financial institution with significant North American holdings. They have operations across most major verticals, including institutional & corporate, wealth management, private client, commercial banking, treasury, and retail banking.
To identify/verify jurisdiction for each task and with reference to applicable trust accounting standards and legal provisions, policies and procedures to perform appropriate audits, financial analyzes, adjustments and re-conciliations, ensuring correct financial processing and valuation, monitoring/control and distribution of client/estate trust assets and discharged of liabilities; to resolve trust accounting issues; and to provide appropriate reports to internal and external clients and beneficiaries, lawyers and management.
What you will achieve in this role:
- Performs closeout and reporting activities for client and estate trust accounts and provides work-ups for more complex and contentious cases for handling by Trust Financial Officers/Team Leader and Manager, Trust Accounting
- Performs financial analyzes and re-conciliations of client trust account transactions, identifies financial processing issues, and makes recommendations to Trust Financial Officers and/or Manager, Trust Accounting
- Implementing vendor management process for trust clients
- Performs review/approval function for new accounts and assets paid into Court, preparation of payments, closeout and reporting for litigation accounts, and management of client non-cash assets, and provides work-ups for more complex and contentious cases for handling by Trust Financial Officers and/or Manager, Trust Accounting
- Performs review/approval function for minor notification, searches for missing beneficiaries, closeout and reporting for minor accounts, and provides work-ups for more complex and contentious cases for handling by Trust Financial Officer and/or Manager, Trust Accounting
- Performs financial analyzes and reconciliations, monitoring/controlling activity in Canadian and US $ bank accounts, reviewing/reporting on reconciliation of securities and personal property between the OPGT and agents/custodians and quality control assurance in Trust Accounting
- Under the direction of the Manager, Trust Accounting, in collaboration with the Estates Administration Unit, provide Estates Heirship/Research where the OPGT has been or may be appointed the Estate Trustee in accordance with the legislative requirements of the Succession Law Reform Act, other applicable Statute Law the Trust Analyst
- Performs other administrative duties required for the effective functioning of the Finance Department
What you will bring to this role:
- Job requires judgment/conceptual abilities to identify, interpret and apply appropriate, trust accounting standards and company policies and procedures, seeking/obtaining professional interpretation advice as required to ensure correct/accurate treatment of trust financial transactions and of jurisdiction and legislation. Oral and written communications skills to liaise with lawyers, bankers, custodians, tax specialists and institutions for interpretation/advice (as described above), to respond to queries from beneficiaries, families, other government offices and institutions, estate trustees, guardians, lawyers and accountants, internal clients and suppliers concerning trust accounting issues, eligibility/entitlement to trust assets and clarification of reporting for management of trust assets and liabilities and to conduct effective searches for beneficiaries, application of auditing, analytical and reconciliation methodology at a very detailed level to identify, reconcile and adjust discrepancies in financial processing;
- use of mathematical and quantitative techniques to verify, recalculate, reallocate and correct financial transactions, particularly with respect to computation of income, fees and distributions, research of asset valuations, corporate actions and missing documents to correctly account for securities and personal property, proficiency in PC-based networked computer systems, databases, spreadsheets, word processing, internet and custodial software to identify and resolve processing discrepancies;
- investigative skills in the area of search, research, identification and pursuit of heirs for estates located both elsewhere in Canada and internationally, analytical, reasoning, negotiating skills when contracting external researchers/genealogists, ability to interpret all genealogist reports and documents, strong knowledge of world History and Geography, research and valuations, prepare reports and communicate with the various parties described above communication skill ;
- time management applications to continuously organize/prioritize work to meet tight deadlines/performance standards
We thank you for your interest in the position, however, only those who are qualified will be contacted
Inclusion and Equal Opportunity Employment
Our client is an equal opportunity employer committed to diversity and inclusion; creating an inclusive environment where all team members and clients feel like they belong. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, Aboriginal/Native American status or any other legally-protected factors. We seek applicants with a wide range of abilities, and we provide an accessible candidate experience; accommodations during the application process are available upon request.