Senior Accountant – Insurance & Benefits

About the job

SENIOR ACCOUNTANT – Insurance & Benefits

Reporting to the Director, Finance, the Senior Accountant is responsible for day-to-day accounting and analytical tasks associated with monthly and annual financial close for AMSCIS and MUNIX. This includes general ledger account reconciliations, claims loss reconciliations, preparation of monthly financial statements and variance analysis.

Know-How

Practical / Technical Knowledge

• Chartered Professional Accountant or working towards an accounting designation.
• Post Secondary degree or diploma in Accounting, Finance or equivalent experience is required.
• 5+ years of experience in accounting, preferably in the insurance and/or group benefits industry
• Experience in financial statement preparation, account reconciliation and analysis.
• Demonstrated knowledge of the Generally Accepted Accounting Practices (GAAP) and International Financial Reporting Standards (IFRS).
• Knowledge of Sage, Origami Risk, Workiva would be an asset.

Planning, Organizing, and Integrating

• Ability to produce accurate and timely submission of financial statements.
• Highly organized, flexible, and adaptable to change.
• Attentive to detail
• Strong problem-solving skills and the ability to exercise sound judgement.
• High level of integrity, with a strong sense of urgency and results orientation.

Communicating and Influencing Skills

• Able to function as a team player but capable of working on their own.
• Able to build and maintain lasting relationships with other departments and key business partners.
• Maintain a high level of confidentiality.
• Strong interpersonal communication skills – both verbal and in writing

Responsibilities

Financial Accounting

• Preparation of monthly financial statements and schedules for AMSCIS and MUNIX
• Detailed analysis of monthly results with a focus on understanding and explaining budget to actual variances.
• Preparation of year end working papers and supporting schedules

Insurance & Benefits accounting

• Reconcile monthly claims loss reports to financial records
• Reconcile monthly benefits and insurance invoicing to revenue
• Preparation of Benefits Plan Year End reconciliation and reporting
• Upload monthly Effortless PAD (pre-authorized debit) file for retirees and other members
• Upload monthly Effortless invoicing file and reconcile to monthly billing
• Preparation of year-end claims reporting for actuaries and auditors
• Preparation of annual P&C return schedules

Banking and Investment Accounting

• Reconciliation of investment transactions for all companies
• Preparation of annual MuniSERP statements

Other Finance Support

• Provide backup for other finance staff, as required
• Other duties, as required

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