Insolvency Banking Administrator

Crowe Soberman•Toronto, ON

4d•CA$60,000 - CA$70,000•Hybrid

About The Position

We are seeking a detail-oriented and organized Insolvency Banking Administrator to support our Insolvency practice. The successful candidate will be responsible for maintaining accurate financial records, processing accounts payable and receivable transactions, administering banking services related to insolvency estates and ensuring compliance with banking, internal policies and insolvency legislation while providing support to the Trustee, Receivers, and Estate Administrator in a fast-paced and dedicated team.

Requirements

Minimum 3 years of relevant experience in Bookkeeping with strong accounting knowledge
A keen attention to detail along with an ability to focus on the overall concepts
Good verbal and written communication skills
Self-motivated with strong prioritizing and follow-up skills
Ability to cope in a fast paced and deadline-driven environment

Nice To Haves

College level Diploma in relevant field or Undergraduate Degree (Administrative Studies, Paralegal, Accounting, Business etc.) an asset
Previous experience in Public Accounting preferred

Responsibilities

Open, maintain, and close estate and trust accounts.
Verify account-opening/closing/operating requirements and ensure compliance with regulatory and internal banking procedures.
Handle day-to-day banking functions including banking deposits, payments, disbursements, cheque printing, mailing of cheques, attending banks relating to all estate and operational transactions.
Monitor account activity and investigate unusual or suspicious transactions.
Maintain accurate banking records and reconcile estate accounts.
Prepare and review WIP summary related to all types of engagements.
Prepare statements of receipts and disbursements for the Trustee/Administrator/Receiver’s review.
Prepare reports and documentation for audits, regulatory reviews and management reporting.
Maintain and update accounting records by performing duties such as recording and posting transactions in journals and the general ledger for accounts payable and accounts receivable
Process accounts payables, accounts receivables, and create journal entries.
Maintain general ledgers and subsidiary ledgers for insolvency files.
Maintaining the integrity and accuracy of information entered into relevant databases (Ascend, D365 etc.) and computer programs in a timely manner.
Collaborate effectively with a variety of external partners, including lawyers, bankers, appraisers, auctioneers, property managers, insurance brokers, the CRA, and other service providers.
Meeting with clients to obtain necessary documents and payments.
Problem solving with other team members to continuously improve workflows and departmental effectiveness.
Work collaboratively with other team members and leadership.