November 14, 2024
Position Title: Accounts Receivable and Financial Reporting Analyst
Location: Markham, Ontario (Hybrid Office and Home-based working model)
Reporting Relationship: Financial Controller, Canada
Company Background
Global Aerospace Underwriting Managers (Canada) Limited (“Global Canada” or “Company”) is a wholly owned subsidiary of Global Aerospace Underwriting Managers Limited (“Global”), a world leading provider of specialist aviation and aerospace insurance, servicing the needs of the aviation industry for over 100 years. Global operates as a Joint Underwriting Agency on behalf of a number of leading Insurance Companies (Insurance Pool members). Global is a full-service agency with authority for underwriting and claims delegated to Global by its participating Pool members.
Job Summary Reporting to the Financial Controller, Canada, we are looking for an analytical professional to support our Finance and Underwriting teams. In this new position, the incumbent will be responsible to manage accounts receivable functions, assist with financial reporting and other duties as required.
Key Responsibilities:
- Process receivables transactions presented to the company electronically and/or manually with accuracy and efficiency
- Maintain general ledger and trial balance for the insurance operations of the company (Pools), ensuring that monthly, quarterly and annual reporting requirements are met according to pre-determined timelines
- Prepare financial reports to key stakeholders including Pool Members, Fronting Companies and Head Office
- Maintain effective credit control measures, monitoring broker account details for non-payments, delayed payments and other irregularities
- Ongoing liaison with Claims, Underwriters and Operations Team regarding overdue / problematic accounts, resolving any internal policy processing errors
- Provide professional quality service to brokers via maintenance of broker account information and preparation of broker refunds in a timely manner
- Assist with audits and actuarial requests and coordinate with various departments for external auditors
- Monthly review of AR aging, providing follow-up with brokers on overdue items and working with the Financial Controller to discuss potential write-offs or bad debts
- Assist with broker onboarding and contractual provisions to ensure that Global’s distribution partners meet legal and best practice standards
- Ensure compliance with established policies and procedures, as well as internal and external audit requirements
- Act as back up support for various tasks; claims payment processes, month end and quarter end reporting
- Support business initiatives on various system projects
- Perform other ad hoc duties as required and assigned
Knowledge, Skills and Abilities:
- Preference of (2-3) years experience in a similar role or accounting position
- Proficiency in MS Office, particularly Excel, and accounting software
- Strong analytical skills with large volumes of data and a high attention to detail
- Knowledge of accepted accounting principles
- Excellent organizational and administration skills with a strong customer service focused mindset
Preferred Attributes to join the Global Family: Our preferred candidate will act as an effective ambassador for Global Aerospace at every opportunity.
We’re also looking for someone who:
- Is a team player with an ability to communicate effectively
- Can maintain working relationships with various levels of management and non-management personnel
- Is able to demonstrate an ability to plan, co-ordinate and follow-up on work or assigned tasks in a timely manner
Please send your CV to humanresourcescanada@global-aero.com with the subject line of Accounts Receivable and Financial Reporting Analyst.
