Accounts Payable Coordinator

Company Description

OTIP (Ontario Teachers Insurance Plan) is a member-focused, service-driven organization. We are committed to putting our people first by fostering a positive and inclusive work environment, providing a competitive total compensation package and investing in career development. Our team is currently looking for an:
**Accounts Payable Coordinator - Carriers (Hybrid and remote options available)**

**Job Description**:

- Prepares the monthly carrier summaries for all plans. This includes obtaining approval from management to requisition cheques and electronic fund transfers; processing calculations such as premiums due, arrears, adjustments, service charges and retail sales tax; prepares corresponding journal entries.
- Analyzes discrepancies, ensures errors are corrected, and confirms accuracy of the monthly remittance prior to payment.
- Collects, summarizes and reports account information including premium data.
- Obtains, analyzes and enters all information into the sub-ledger schedules to prepare monthly reconciliation of receipts and disbursements.
- Performs monthly reconciliations of sub-ledgers to the general ledger and maintains pre-paid premium reconciliation. This includes entering and analyzing receipts, disbursements, carrier payments, service charges and funds in the sub-ledgers, then comparing with debits and credits in the general ledger.
- Liaises with accounts receivable personnel to exchange information pertaining to carrier payments.
- Prepares carrier confirmations while adhering to external audit standards and assists auditors, as required.
- Secures financial information through regular database back-ups and follows internal accounting controls to maintain financial security.
- Assists with the invoicing process. This includes confirming system transactions, collecting generated reports and summarizing all invoicing information before sending to clients.
- Provides support to trade and broker trust payables
- Identifies opportunities for process efficiencies, implements process changes

**Qualifications**:

- A minimum of one year’s post-secondary education including introductory accounting courses.
- A minimum of one year’s experience working in premium administration and analysis.
- The demonstrated ability to collect, compare and analyze all information and figures in great detail while using strategic approaches to understand complex problems.
- Superior time-management, project-management and organizational skills to manage competing priorities.
- Exceptional communication skills and a demonstrated ability to deal effectively with all levels of internal and external stakeholders.

Additional Information
**What we offer**:

- Competitive salary and bonus structure
- Industry-leading employer-paid group benefits that start on your first day
- Defined benefit pension plan
- 100% coverage of continuing education and licensing fees (including RIBO and AIC courses)
- Flexible work from home and hybrid options
- Opportunities for advancement
- OTIP and its group of companies strive to create an accessible and inclusive work environment where everyone is treated with respect and dignity. Upon individual request, we will endeavour to remove any barrier to the recruitment and selection processes and provide accommodations for persons with disabilities._
- As a business, we protect what matters most to our members. As an employer, we value what matters most in our workplace. Together, this includes fostering a diverse, equitable and inclusive environment for all. We are committed to learning and evolving so we can continue to celebrate what makes us special. You are who you are, and our differences are what make us unique._

LI-Hybrid