Banking Administrator, Corporate Insolvency

4 days ago


Toronto, Canada MNP Full time

Job Details Description Inspirational, innovative and entrepreneurial - this is how we describe our empowered teams. Combine your passion with purpose and join a culture that is thriving in the face of change.  Make an impact with our Corporate Insolvency team as a Banking Administrator. This diverse team of professionals directly contributes to the success of the firm by supporting internal and external clients. As a trusted advisor, you’ll ensure the efficient and effective operation of our business. MNP is proudly Canadian. Providing business strategies and solutions, we are a leading national accounting, tax and business advisory firm in Canada. Entrepreneurial to our core, our talented team members transcend obstacles into opportunities and are successfully transforming mid-market business practices.  Responsibilities Account Management: Collaborate with banking partners to open new accounts for insolvency matters. Reconcile monthly bank statements and prepare cheque requisitions Freeze accounts as required by insolvency proceedings. Enter banking transactions using Ascend and QuickBooks Software and manage approvals. Prepare wire payments, cheques, and manage bank deposits at the branch and remotely. Facilitate the closure of bank accounts upon completion of insolvency mandates, ensuring all outstanding transactions are resolved. Trust Account Administration Support the handling and reporting of trust accounts in accordance with applicable regulations. Payments and Transactions Process and track payments to creditors, employees, and other stakeholders as required under insolvency proceedings. Financial Monitoring Monitor and track financial obligations and payables throughout the administration of insolvency engagements. Skills and Experience Completion of post-secondary education in administration/business or accounting diploma is an asset. Previous experience working in a partnership or professional services firm is an asset. Attention to detail is a requirement. Excellent communication skills and ability to succinctly report on progress, communicate needs, and work collaboratively with other team members and leadership. Must be able to “manage up” and keep staff accountable to commitments and deadlines. Strong client service focus in dealing with both external and internal clients, displaying an image of professionalism, discretion, integrity, and tact. Strong problem-solving skills, including a proactive approach to working with staff and clients at all levels while demonstrating flexibility.



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