Trust Accounting & Settlement Technician

Canada Life Assurance Company - London, ON (30+ days ago)

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Job Description:
This is a one year contract role.

Role Description

Reporting to the Assistant Manager, Quadrus Trust & Settlement, the Trust Accounting & Settlement Technician operates in a fast paced environment with ties to both Financial Operations and Wealth Operations. The Trust and Settlement team is responsible for the reconciliation of individual client trust accounts and the settlement of all client trades. As a member of the Trust and Settlement Team, the Trust Accounting & Settlement Technician role requires knowledge of the Mutual Fund industry, an understanding of Quadrus Policies and Procedures and a background in Finance / Accounting. The incumbent must be able to work well independently with limited direction, as well as in a close knit team environment.

Processing daily settlement of Mutual Fund and / or Segregated fund trades;
Processing payment for trade settlement;
Processing redemption payments from Nominee Mutual Fund plans;
Issuing system cheques via Prolific;
Handling returned / rejected payments in a timely manner;
Corresponding with Quadrus Admin / Individual Investment Services Admin / Client Cash Management for investigation and resolution of trade related issues;
Reconcile daily bank deposit of client funded purchases;
Sorting and forwarding settlement documents to the applicable fund company for settlement;
Verifying redemption cheque details to settlement documents, then ensuring cheques are delivered as required (Canada Post, Internal Mail, hand delivered, etc);
Daily deposit slip preparation, for cheque deposits to multiple bank accounts;
Ensure accurate tracking of unfunded purchases and associated dealer required funding;
Acting as support for other Settlement Technicians as required;
Ensuring that MFDA, compliance and privacy guidelines are followed at all times;
Meeting established service standards and providing superior customer service.

Qualifications and Competencies:
Understanding of the Mutual Fund and Segregated Fund Industries;
Post secondary education, preferably with a background in Finance or Accounting;
Familiarity with MFDA rules and regulations;
Preference will be given to candidates with working knowledge of Quadrus’ business processes;
Excellent time management skills with proven ability to successfully meet multiple daily deadlines;
Strong organizational skills and keen attention to detail;
Excellent oral and written communication skills;
Ability to recognize when to escalate issues;
Professional and approachable with an emphasis on collaborative working relationships.

Our Story

Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.

As of January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 13 million customer relationships from coast to coast to coast.

Discover your opportunity….Apply today!

Canada Life offers competitive compensation, great benefits such as medical, dental, life insurance, wellness account and personal days not to mention onsite cafeteria and fitness in our head office facilities. If you’d like to join our team submit your information online and introduce yourself.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted