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Trust Accountant

Oversee trust accounts and ensure any related accounting processes are compliant.

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.

Trust Accountant

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.
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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.

What can I earn as a Trust Accountant?

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NSW
VIC
WA
QLD
TAS
SA
NT
ACT
The most common annual salary in AUS for a Trust Accountant is between $65k and $75k
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Source: SEEK job ads

How to become a Trust Accountant


SEEK Learning
To work as a Trust Accountant in Australia, a bachelor degree in the financial field is desirable.

  1. 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.
  2. 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.

Explore related qualifications

SEEK users who have worked as a Trust Accountant have studied these qualifications.

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Bachelor of Accounting

This degree will prepare you for employment in a range of professional roles in the Accounting industry.
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Bachelor of Business (Accounting)

This qualification provides you with a background in business topics as well as the opportunity to specialise in accounting.

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Upskill with an online short course

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How do Trust Accountants rate their role?

Latest reviews from 6 Trust Accountants surveyed on SEEK

Work-life balance
4.8
Job satisfaction
4.8
Career progression opportunities
3.3
Job security
4.2
Pay / Salary
4.2
Variety of work
4.5

Latest reviews

All
Positive
Negative
Oct 2018
Trust accounting is not though but have to work in small volume company, else will be a nightmare!
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
Nov 2018
Trust Accounting - adds up to my ultimate interest and equals a rewarding career
Reviewer's Qualification
Certificate III in Property Management
Experience
1 – 4 years
Organisation size
Medium (20-199 employees)
Specialisation
Real Estate
The good things
Forming a more rounded understanding of financial investments, their pros and cons. If you like organising, keeping things in order, math and making sure everything adds up, trust accounting is a grea...
The challenges
Being responsible for the management of other peoples monies and how/when they are spent can be challenging. Learning the relative legislation on managing trust funds in your particular industry can b...
Read more
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Source: SEEK Role Reviews

Working hours for Trust Accountants

Overtime
Weekends
Shift work
Late nights
Often
Sometimes
Never
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Source: SEEK Role Reviews from 6 Trust Accountants

What are the job opportunities for Trust Accountants?

Find out how the job market is trending

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NSW
VIC
WA
QLD
TAS
SA
NT
ACT

Job opportunities

Trust Accountant jobs on SEEK
663
Jobs on SEEK right now
Source: SEEK

Projected job growthAlert

National increase over next 5 years *
9.7%
2019
2024
Source: LMIP. Accountants

Latest Trust Accountant jobs on SEEK

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Source: SEEK job ads

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