Accounting Professional

3 weeks ago

Toronto, Ontario, Canada Empire Life Full time
About the Role

We are seeking a highly skilled and detail-oriented Accounting Professional to join our team at Empire Life. As a key member of our Group Solutions team, you will play a vital role in supporting accounting functions and providing creative solutions to drive business growth.

Key Responsibilities
  • Process and Reconcile Premium Payments: Ensure accurate and timely processing of premium payments, refunds, and overdue accounts.
  • Investigate and Resolve Discrepancies: Reconcile billings for specialty partners, investigate and communicate any discrepancies to ensure accurate accounts.
  • Compile and Reconcile Accounting Reports: Compile and reconcile month-end and year-end accounting and reinsurance reports, and investigate any account discrepancies for Corporate Accounting.
  • Support Administration Services Only (ASO) Group Accounts: Compile and balance provincial and federal tax submissions for all tax accounts and reports directly to Canada Revenue Agency and Revenu Quebec.
  • Prepare and Release Invoice Payments: Prepare and ensure the timely and accurate release of invoice payments to vendors and disability claimants.
  • Provide Financial and Accounting Support: Provide prompt and courteous resolution of inquiries regarding financial and accounting transactions for group clients' accounts and/or disability claimant benefits from both internal and external sources.
  • Support New Employees and Cross-Training Initiatives: Provide support, guidance, and training to new employees or cross-training initiatives.
  • Accurate and Timely Completion of Reconciliations and Databases: Accurately and timely complete reconciliations and databases to support controls framework for the Group Division.
  • Provide Solutions and Resolutions to Administrative/Accounting Issues: Use knowledge of industry standards, internal processes, and think creatively to provide solutions and resolutions to administrative/accounting issues.
Requirements
  • Bachelor's Degree in Accounting, Finance, or Related Field: A degree in accounting, finance, or a related field is required.
  • 1+ Years Experience in the Insurance/Financial Services Industry: A minimum of 1 year of experience in the insurance/financial services industry is required.
  • Knowledge of Group Benefit Contracts and Products: Knowledge of group benefit contracts and products is essential.
  • Experience with Account Reconciliations or Payroll Calculations: Experience with account reconciliations or payroll calculations is required.
  • Ability to Manage Multiple Tasks and Meet Deadlines: The ability to manage multiple tasks and meet deadlines is crucial.
  • Bilingualism (English/French) an Asset: Bilingualism (English/French) would be an asset.
About Empire Life

Empire Life is a leading insurance company that offers a comprehensive total rewards package, including competitive salaries, annual bonus programs, comprehensive employer-funded benefits, flexible work arrangements, and a defined contribution pension plan. We are committed to creating a diverse, equitable, and inclusive workplace and welcome candidates who share this commitment.

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