Finance Coordinator Jobs

Department: Finance

Location: Toronto

Reports To: Team Leader, Finance Operations

Company Overview:

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we'll continue to invest in it to create a stronger global organization.

If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:

• Employee & Family Assistance Programs
• Market-leading pension plan
• External education & tuition reimbursement programs
• An opportunity to get involved and become a member of one of our national employee committees - social responsibility, employee engagement, diversity, equity & inclusion
• A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance
• Competitive time off policy
• Competitive health & dental benefits plan

The Opportunity:

Reporting to the Team Leader, Finance Operations, the Finance Coordinator will be responsible for assisting the finance operations team with accounts payable and accounts receivable accounting. The Finance Coordinator will assist in the development and production of standard and ad hoc analysis and reporting of financial and operational processes. If you're a self-starter who is knowledgeable of financial processes and has a track record of proven decision making skills, please read further!

Duties and Responsibilities:

• Performs special projects as assigned and assist other areas to help ensure departmental success
• Proactively recommends and presents process improvements to the Team Lead for review and implementation
• Provides assistance to finance operations with other analysis and reports (i.e., expense analysis)
• Posts invoices and payments to Accounts Payable system in a timely and accurate manner ensuring expenses are charged to proper departments and accounts
• Act as main liaison with outsourced vendors and responsible for managing workflow of transactions to be processed by third party vendors
• Assists with the collection of overdue accounts for a portfolio of accounts: maintains accurate and up-to-date broker files with all premium, commission and payment details
• Disbursements - provide supporting documentation and issue cheques to Brokers/Policy holders for return premiums
• Coordinates for Audit/Sox documentation and explanations as requested by auditors
• Working within the sub ledger to clear open items, and match receivables to cash. Applies receipts against the appropriate accounts and policies in sub ledger
• Assistance with reinsurance payables/receivables balances when required
• Interact with underwriters and brokers to resolved open receivable balances
• Creates and performs aging analysis of outstanding receivable balances
• Performs other financial duties as assigned by the Team Leader, AVP/Controller or CFO
• Enters loss recovery receipts into sub ledger and apply to the appropriate refunds. Works closely with Claims Department in reviewing and clearing unapplied cash and outstanding refunds

Skills & Qualifications:

• Strong written and oral communication skills
• High proficiency (advanced level) with PC & Microsoft Office applications (Excel & Access being the key applications). SAP experience is considered an asset
• Experience in billings and collections preferred
• Proven track record of effectively building constructive relationships with others at all levels of the organization
• Bachelor's degree in Business/Accounting/related field and/or 1-2 years of relevant working experience in insurance/reinsurance journal accounting

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.