Finance Associate

Dartmouth, NS

Reference # HL-BFM-8634

Meridia Recruitment Solutions is pleased to be partnered with our client, the BF&M group of companies, a leading insurance provider with operations in Bermuda, Halifax and across the Caribbean. Founded in 1903, the BF&M group of companies takes great pride in helping their customers protect what matters most, as well as giving back to the communities in which they work. BF&M is comprised of several companies selling health, life, pension, property and casualty insurance products.?

We are partnering with them looking to bring a detail-oriented individual with strong systems knowledge and reconciliation experience to join their Finance Operations team in the role of Finance Associate. This role supports the daily financial operations which consists of accounts receivable and payables, reconciliations, and reporting, while ensuring timely and accurate processing of insurance-related transactions within stipulated deadlines.

Responsibilities will include:

• Perform banks' reconciliations and download bank statements daily.
• Upload bank data and reconcile discrepancies using system controls.
• Prepare and reconcile Subscription & Redemption Journals for investment activity.
• Distribute cash balances across entities and assist with weekly cash rebalancing.
• Generate and validate Commission statements in coordination with internal teams.
• Conduct bank reconciliations, ensuring timely resolution of outstanding items.
• Provide support in annuity reinvestment processing and download associated regulatory reports.
• Manage accounts payable postings and payments of customer invoices / processing of customer claims and refund payments.
• Post and allocate accounts receivable receipts from customers.
• Prepare daily deposits and general ledger reconciliations.
• Manage collection and monitoring of outstanding balances.
• Provide support in quarterly and annual financial reporting, general ledger reconciliations, and financial statement preparation.
• Provide general and ad hoc assistance for internal stakeholders and team members.
• Perform any other duties assigned by management.

The ideal candidate will possess:

• Post-secondary education in accounting, finance, or related field; insurance industry experience preferred.
• 2+ years of accounting and/or finance experience with emphasis on reconciliations and banking administrative operations.
• Proven work experience with insurance financial flows such as premium receipts, claims, commissions, and annuities.
• Demonstrated experience with reconciliation, accounts receivable and accounts payable processing.
• Demonstrated proficiency in Microsoft Office applications, specifically advanced Excel.
• One year's work experience utilizing Dynamics Great Plains.
• Excellent communication, organizational skills with strong attention to detail, and ability to manage multiple priorities.
• Ability to have a team-oriented approach but also work independently and use initiative, with minimal supervision.
• Ability to work under pressure, manage large volumes of data, multitasking and meeting deadlines.
• Experience interacting across all levels of the organization to gather relevant information.

BF&M is a subsidiary of Allshores Limited - a regional leader in health, wealth, and insurance solutions, with operations spanning Bermuda, the Caribbean, Europe, and North America.

To express interest in this opportunity please apply online by clicking the link below:

https://meridiarecruitment.ca/Career/17573514702370000008tiy

For more information about this exciting opportunity please contact Heather Labucki, Partner, or Sara Morey, Consultant, at [email protected] If you require accommodation to participate in the recruitment process, please let Sara Morey know.

Meridia Recruitment Solutions connects leading organizations with top talent by building strong relationships and creating ideal matches with candidates because we are only successful when you are. We appreciate your interest in this opportunity.

To learn more about Meridia Recruitment Solutions, our job opportunities, and career advice we invite you to explore our site and subscribe for career alerts.