Trust Account Administrator - Xero (ZR_19362_JOB)

• Contract type: Independent Contractor
  
• Schedule: flexible
  

Client Timezone: AEST (Australian Eastern Standard Time)

Client Overview

Join a forward-thinking financial services firm that’s at the forefront of modernizing trust account management for its diverse clientele. Our client is embarking on an exciting journey to streamline their operations and enhance their service delivery through cutting-edge financial technology. As a key member of their team, you’ll play a pivotal role in this transformation, ensuring the highest standards of accuracy and efficiency in managing client funds.

Job Description

Are you a detail-oriented financial professional ready to take on an exciting challenge? We’re looking for a skilled Trust Account Administrator to spearhead our transition from traditional Excel-based accounting to the more robust and efficient Xero platform. This role offers a unique opportunity to blend your financial acumen with technological innovation, as you’ll be instrumental in modernizing our trust accounting processes. You’ll work with a variety of client accounts, ensuring meticulous record-keeping and contributing to the overall efficiency of our operations. If you thrive on precision, enjoy problem-solving, and want to be part of a transformative project in financial management, this position is perfect for you.

Responsibilities

• Lead the migration of existing trust account data from Excel to Xero, ensuring data integrity throughout the process
  
• Perform daily data entry of trust account transactions with unwavering accuracy
  
• Meticulously record and categorize all financial movements for individual client accounts
  
• Generate and issue receipts for incoming funds promptly and accurately
  
• Conduct monthly reconciliations of trust accounts, ensuring perfect balance and compliance
  
• Implement and maintain a robust system for coding and categorizing all transactions within Xero
  
• Ensure the precise balance between assets and liabilities for each client account at all times
  
• Collaborate with the team to develop and implement best practices for trust account management in Xero
  
• Provide regular reports and insights on trust account status and any discrepancies
  
• Stay updated on relevant accounting regulations and ensure all processes comply with legal requirements
  

• Proven experience in bookkeeping or trust accounting, with a strong foundation in financial principles
  
• Proficiency in Excel and familiarity with Xero; willingness to become an expert in Xero trust accounting
  
• Exceptional attention to detail and a commitment to 100% accuracy in all financial tasks
  
• Strong analytical skills with the ability to identify and resolve discrepancies quickly
  
• Excellent organizational skills and the ability to manage multiple accounts simultaneously
  
• Self-motivated with the capability to work independently in a remote setting
  
• Ability to maintain strict confidentiality and adhere to financial ethics standards
  
• Excellent time management skills to handle a minimum of 20 hours per week efficiently
  
• Comfortable with technology and quick to adapt to new software and processes
  
• Strong communication skills to liaise effectively with team members and occasionally with clients
  
• A quiet, professional home office environment with a reliable internet connection
  
• Passion for financial accuracy and a drive to continually improve processes and efficiency