Trust Accountant
Oversee trust accounts and ensure any related accounting processes are compliant.
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Jobs in SEEK right now
Job growth
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5-year projection
Salary
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Typical salary
Job satisfaction
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Job opportunities
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Jobs in SEEK right now
Salary
-
Typical salary
Job growth
-
5-year projection
Job satisfaction
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What's it like to be a Trust Accountant?
Trust Accountants are responsible for overseeing trust accounts and ensuring that all accounting processes related to trusts are completed in accordance with statutory requirements.
Tasks and duties
- Prepare, process and reconcile accounts, invoices, payments and month-end reporting, including profit and loss statements.
- Assist with GST and BAS lodgement, as well as budgeting and forecasting reports.
- Support senior staff members as required and liaise with external accountants and shareholders.
Many real estate or property management companies employ Trust Accountants, as the law requires that particular funds (such as bonds) be kept in trust accounts. Excellent communication skills, attention to detail and an ability to work productively in a fast-paced environment are necessary for trust accountants.
How to become a Trust Accountant
To work as a Trust Accountant in Australia, a bachelor degree in the financial field is desirable.
- Complete a bachelor degree in the field of accounting. This could be a Bachelor of Accounting or a Bachelor of Business (majoring in Accounting). These are usually three year courses and are open to anyone who is 17 years of age or older and has completed year 12 with the necessary Universities Admission Index.
- A Chartered Accountant (CA) or Certified Practising Accountant (CPA) qualification is desirable for many employers. Gather professional experience in property, trusts, finance, accounting or business and undertake professional development activities each year. Complete a Graduate Diploma of Chartered Accounting (GradDip CA) or a CPA program.
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Latest Trust Accountant jobs on SEEK
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Trust Accountant employers on SEEK are looking for job seekers with expertise in the following areas.
Source: SEEK job ads and SEEK Profile data
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Latest Trust Accountant reviews
May 2021
Reviewer's Qualification
Bachelor of Commerce
Experience
1 – 4 years
Organisation size
Small (1-19 employees)
Specialisation
Finance
The good things
In my current role with this company, there is a diverse range of tasks which keeps me busy & assists with extending my skills/knowledge in different ways.
The challenges
The only challenge in my current role is dealing with my assistant. Being a senior trust accountant, I would expect my assistant to help out when necessary & take care of tasks allocated to her, but i...
Read more
Oct 2018
Reviewer's Qualification
Bachelor of Accounting/Bachelor of Finance
Experience
1 – 4 years
Organisation size
Small (1-19 employees)
Specialisation
Trust accounting
The good things
As I’m working in a small organization, the work volume is not that high and with a very kind, supporting boss, thus no work pressure.
The challenges
Must have quick response, multitasking and prioritize your work to meet deadline
Read more
Source: SEEK role reviews
SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through seek.com.au
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