Banking Administrator (6months contract)

Job ID : 6858
Category : Finance
Brand : Definity
Regular/Temporary : Temporary
Fulltime/Parttime : Full Time
Location : Waterloo, Canada

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Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change.

Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering.

Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do.

Definity offers a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Leaders partner with their teams to find the right balance of on-site and remote work that best meets the needs of their teams, colleagues, brokers and customers, while ensuring collaboration, teamwork and accountability for goals.

Reporting to the Treasury Manager, the Banking Administrator contributes to the company’s success by being responsible for the overall administration of Definity Insurance Company’s (including its subsidiaries) banking requirements, which includes bank account coordination and reconciliation, administration of online banking applications and arranging ad hoc payments through those applications. The incumbent will work in partnership with another banking administrator to meet all banking requirements. 

Teamwork and the willingness to take full ownership of an area of responsibility are essential as this includes assisting other Finance team members wherever possible, including situations where such assistance may not relate to the incumbent’s specific job accountabilities.

This is a Temporary Full Time Contract role for 6 months.

What can you expect in this role?

  • Preparation of all daily and monthly journal entries, reconciliations and analyses related to Definity’s banking activities
  • Investigating, documenting, and resolving reconciling items related to banking 
  • Corresponding with banks/financial institutions and internal teams to resolve issues
  • Monitor bank balances to ensure the company has sufficient balances 
  • Enter and process wire payments as needed
  • Other ad hoc duties or tasks as required

What do you bring to the role?

  • College diploma in Accounting or Business Administration
  • At least five years’ experience in banking administration, accounts receivable or accounts payable, with preference given to candidates with direct banking experience in a multi-company environment
  • A working knowledge of Microsoft Excel and Internet functions
  • Property and casualty insurance experience is an asset
  • Strong communication (written and verbal) and interpersonal skills
  • High attention to detail

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]

Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).


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