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Premium Allocation Specialist

9 hours ago

Montreal, Quebec, Canada Manulife Full time $44,775 - $74,625

The Premium Allocation Specialist is responsible for ensuring that premium payments on different billing modes and methods are in place by the time the premium is due to keep the policy Inforce and review reinstatement application forms for lapse policies. The specialist has working knowledge to proficient product knowledge on basic work types and reports to Manager, Client Services.

Position Responsibilities:

  • Review, analyze, interpret, and validate non-complex billing and/or commission work.

  • Capture applicable data, calculate, prepare, and complete accounting including journal entries.

  • Summarize, adjust, and balance client premium statements and payments using Excel.

  • Allocate client premium payments accurately in administration systems.

  • Support suspense management and financial reporting processes.

  • Validate premiums for client renewals.

  • Reconcile financial statements to the ASO Billing system.

  • Collaborate with clients, underwriters, RGOs, and internal teams to resolve billing/payment issues.

  • Handle non-complex inquiries from clients and internal departments.

  • Meet productivity and quality service standards.

  • Perform other duties as assigned.

Required Qualifications:

  • Bachelor's degree in business, finance, or related field.

Preferred Qualifications:

  • Strong written and verbal communication skills.

  • Ability to understand and act on problem statements.

  • Proficient in composing clear, concise emails.

  • Good problem-solving and organizational skills.

  • Typing speed of at least 35 WPM.

  • Attention to detail and time management.

  • Spreadsheet skills are an asset.

When you join our team:

  • We'll empower you to learn and grow the career you want. 

  • We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words. 

  • As part of our global team, we'll support you in shaping the future you want to see.

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About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact

Referenced Salary Location

Montreal, Quebec

Working Arrangement

Hybrid

Salary range is expected to be between

$44,775.00 CAD - $74,625.00 CAD

If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.