Position: Insolvency Banking Administrator
Team: Corporate Recovery & Insolvency
Reporting to: Manager and Partner
Position Type: Full-time, Permanent
Status: This posting is for an existing vacancy
Start date: August 2026
Work Location: 2300 Yonge Street, Toronto. Please note this is a hybrid position (Minimum 3 days in the office).
Compensation: $60,000 - $70,000
Position Summary
We are seeking a detail-oriented and organized Insolvency Banking Administrator to support our Insolvency practice. The successful candidate will be responsible for maintaining accurate financial records, processing accounts payable and receivable transactions, administering banking services related to insolvency estates and ensuring compliance with banking, internal policies and insolvency legislation while providing support to the Trustee, Receivers, and Estate Administrator in a fast-paced and dedicated team.
Principal Duties and Responsibilities
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Open, maintain, and close estate and trust accounts.
- Verify account-opening/closing/operating requirements and ensure compliance with regulatory and internal banking procedures.
- Handle day-to-day banking functions including banking deposits, payments, disbursements, cheque printing, mailing of cheques, attending banks relating to all estate and operational transactions.
- Monitor account activity and investigate unusual or suspicious transactions.
- Maintain accurate banking records and reconcile estate accounts.
- Prepare and review WIP summary related to all types of engagements.
- Prepare statements of receipts and disbursements for the Trustee/Administrator/Receiver’s review.
- Prepare reports and documentation for audits, regulatory reviews and management reporting.
- Maintain and update accounting records by performing duties such as recording and posting transactions in journals and the general ledger for accounts payable and accounts receivable
- Process accounts payables, accounts receivables, and create journal entries.
- Maintain general ledgers and subsidiary ledgers for insolvency files.
- Maintaining the integrity and accuracy of information entered into relevant databases (Ascend, D365 etc.) and computer programs in a timely manner.
- Collaborate effectively with a variety of external partners, including lawyers, bankers, appraisers, auctioneers, property managers, insurance brokers, the CRA, and other service providers.
- Meeting with clients to obtain necessary documents and payments.
- Problem solving with other team members to continuously improve workflows and departmental effectiveness.
- Work collaboratively with other team members and leadership.
Qualifications & Experience:
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Minimum 3 years of relevant experience in Bookkeeping with strong accounting knowledge;
- College level Diploma in relevant field or Undergraduate Degree (Administrative Studies, Paralegal, Accounting, Business etc.) an asset;
- Previous experience in Public Accounting preferred;
- A keen attention to detail along with an ability to focus on the overall concepts;
- Good verbal and written communication skills;
- Self-motivated with strong prioritizing and follow-up skills;
- Ability to cope in a fast paced and deadline-driven environment;
Located in the heart of mid-town Toronto, we offer a convenient work location that is accessible by public transit. We offer a competitive compensation package that commensurate with your experience. To apply for this position, please forward a cover letter and resume to [email protected]. To learn more about our Firm, please visit us at https://www.crowe.com/ca/crowesoberman.
At Crowe Soberman, we take pride in being an equal opportunities employer. Our dedication lies in fostering a workplace that is inclusive and free of barriers, enabling every individual to realize their full potential. We recognize the significance of a diverse workforce in achieving success and encourage everyone to bring their authentic selves to work. We invite qualified candidates to apply and consider making Crowe Soberman your employer of choice– accommodation will be provided in all parts of the hiring process, please advise us in advance. How do we build a culture of belonging? Learn more here.
We thank all applicants who apply, however, only those selected for an interview will be contacted.
