Trust Accounting Officer

Industry Category	Accounting / Finance	Position	Banking / Finance
Recruitment Department		Number Of Recruits	several
Work Location	All Cities	Nature Of Work	Full Time
Gender Requirements	Male	Marriage Requirement	No marital status restrictions
Education Level	College Diploma	Work Experience	No work experience restrictions
Age Requirement	Above 18 years old	Salary Package	Negotiable
Updated Date	2022-09-28	Valid Until	Valid for a long time

Job Responsibilties1. BookkeepingEnsures all business transactions are correct, accurate, and complete in the trust system vis-à-vis transaction documents.• Responsible in reviewing and approving the accuracy and completeness of system and manual entries in the trust system, including income and expense accruals which will in-turn produce accurate financial reporting to the clients.• Responsible in reviewing and approving the accuracy and completeness of inputted trades in the trust system vis-à-vis transaction documents provided to ensure that all trades are properly recorded in the trust system.• Responsible in reviewing the accuracy of billing for the trust fee, custodianship fee and other applicable expenses to clients• Responsible in reviewing and approving the encoded mark-to-market prices in the UITF system daily and at month-end IMATOFA system to ensure that rates/prices inputted are from the prescribed market sources (PDEx, Bloomberg).• Responsible in reviewing the computation of net final proceeds for accounts for termination and endorses the same to the approving officer.2. Accounting/Financial Reports/MIS ReportPrepares error-free financial reports.• Ensure accurate and timely submission of reports to BSP, BIR, SEC, Insurance Commission, HLURB and other regulatory agencies and industry association/s to avoid regulatory penalties and issues due to delayed and erroneous reporting.• Responsible in the preparation of management reports on the performance of Trust Division and MIS reports related to fund level and profitability that will be useful for decision making.• Responsible in monitoring compliance to Reserve Requirement on TOFA-Others and submits the required weekly report to comply with the BSP requirement and avoid regulatory penalties due to delayed and erroneous reporting.• Responsible in the monthly monitoring of compliance to the Basic Security Deposit for the Faithful Performance of TrustDuties to comply with the BSP Reserve requirement and to avoid penalties due to deficiency.• Ensure monthly reconciliation with Finance on the balances for trust income accrual, receivables and Contingent account recorded in FinStudio to confirm that balances reflected in the bank’s record are accurate and complete. Any noted discrepancies shall be raised in a timely manner in order to correct the balances.3. Governance and Risk• Audit - completion of audit action points within agreed timeline.• Compliance – preparation of reports requested.• Risk and Control – Responsible in reviewing UITF MTM Valuation and Counter Party Limit Reports.• Finance Group - Responsible in reviewing Monthly Income accruals and ensure that bank book is mirror with the trust book. Remittance of tax withheld and submits corresponding BIR forms.• Responsible in reviewing management reports on the performance of Trust Division and MIS reports related to          fund level and profitability that will be useful for decision making.• Responsible  in accurate and timely updating of  the daily NAVpU in EWBC Intranet Admin website and UITF Website of Trust Officers Association of the Philippines (TOAP) that will be useful for investment monitoring of internal/external clients.4. Client servicingProvide external and internal client reportorial requirements.• Prepares requests for payments to service providers• Ensure accurate computation of benefit payments due to provident fund members in accordance to the client’s plan rules and regulation.• Addresses client’s queries and complaints relative to their financial statements, transaction historyCandidate must possess at least a Bachelor's/College Degree , Economics, Finance/Accountancy/Banking, Business Studies/Administration/Management, Commerce or equivalent.Required skill(s): accounting, bookkeeping, financial analysis accounting, mis accounting.

We have a passion for excellence. Innovation drives our growth. We require individual initiative and promote creativity yet we work as a team. Integrity permeates the relationship we build. We value customer focus and concern for our people. We are a fast-growing full service Commercial Bank inviting young, competent and highly motivated individuals to consider these career opportunities and grow with us.HistoryEast West Bank became the 34th commercial bank in the country when Bangko Sentral ng Pilipinas granted it an authority to operate as a commercial bank on July 6, 1994 - the first commercial banking license issued in over 20 years. East West Bank's establishment is a solid testimonial of the government's policy on bank liberalization allowing greater participation of investors in the thriving financial market. Filled with desire and optimism to make a difference in the Filipino's life, East West Bank formally opened its banking doors to the public on August 1, 1994. After seven years in operations, the Bank shed off its former rising sun logo to give way to a new double infinity icon. Symbolically, the new identity represents the dawning of a new day of fresh encounters with the Bank's clients, offering them limitless opportunities and possibilities that will make their lives complete.Product & ServicesEast West Bank understands that personal financial services are of high importance. We provide you with useful information, financial planning tools & better options to help you make your own smart financial decisions. From any direction, East West Bank knows quality banking service you can bank on. Take a giant step forward now, today, with a click of a button to www.eastwestbanker.comAn East West Bank innovative offering, primarily designed to suit the growing complex requirements of business organizations like yours. The Corporate Suite gives you the comfort of knowing that more of your routine & tedious tasks are being taken care of, allowing you to focus on the more pressing needs of your business.East West Bank is embarking a more efficient delivery system of bank products & services through on-line branches, ATMs & soon through Phone banking, Mobile banking and Internet banking. East West Bank's ATMs are linked to the Bancnet & Megalink ATM networks