Banking Administrator
Job ID : 7787
Category : Finance
Brand : Definity
Regular/Temporary : Temporary
Fulltime/Parttime : Full Time
Location : Waterloo, Canada
Posting Range : $39,000 - $67,300
Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer 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. Bring your true self and be a part of our journey. It’s better here.
15-month Contract Duration
Job Summary
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 other team members to meet all banking requirements and provide support to the broader treasury team as required.
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.
Key Responsibilities
- 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 for transaction queries or issues
- Monitor bank balances to ensure the company has sufficient balances
- Enter and process wire payments as needed
- Provide support during internal and external audits, ensuring proper documentation of all banking transactions
- Assist with cash management including cash forecasting, debt management and intercorporate transactions, and support other treasury-related activities as needed
- Other ad hoc duties or tasks as required
Minimum Requirements
- 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
#IND1
Salary range: $39,000 - $67,300
Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.
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).
#LI-Hybrid