Location: Toronto, ON

Position Type: Regular Full-Time

Benecaid is a third-party administrator of health benefit plans for small and medium sized businesses. Since 2000, Benecaid has been one of the fastest growing providers of benefits in Canada with over $90 million in coverage provided and has helped over 150,000 Canadians providing the benefits they want.

The role is responsible to provide support to the financial department by managing hands-on the financial reporting and accounting tasks for Benecaid.

Reporting to the Senior Director Finance, this role is part of a team of professionals working to maintain order and transparency for the company’s finances.

Key Responsibilities:

• Coordinate month-end and year-end accounting: prepare consolidation and intercompany balancing entries, expense allocations, reconciliation of Trust assets and liabilities, etc.
• Compile monthly financial statement package, including any supporting KPIs, analysis, and notes.
• Review or prepare AR and AP sub-ledger reconciliations, bank reconciliations, client account reconciliations, prepare various reports for senior management.
• Lead effort to support the internal and external audits. Provide various support for trustees.
• Organize the budgeting and forecasting process. Work with the senior management team to help define and fine-tune the strategy for business. Produce annual master budget and update quarterly flexible budget.
• Investigate and monitor variances against the annual budget.
• Coordinate full cycle of payments: customer deposits, customer claims, vendor payments, internal and external commissions.
• Compile and distribute annual T4As and T4 information returns for brokers.
• Research ways to continuously improve processes and procedures, identify inefficiencies and implement appropriate plan of action. Ensure that quality control and service standards are attained with every transaction.
• Maintain provincial registrations and licensing for the corporation. Prepare and manage various regulatory filings.
• Provide support for the renewal of all corporate insurance policies including E&O, D&O, crime and cyber.
• Contribute in the identification and management of risks and exposures to ensure compliance with legislation, contract and service agreements and Benecaid’s policy and management processes.
• Review or complete various tax returns and remittances to provincial and federal authorities.
• Assist with other accounting projects as required.

Core Qualifications and Requirements:

• University Degree, with a major in Accounting or Business desirable.
• CPA member or student in the CPA program of studies.
• Sound knowledge of ASPE and IFRS.
• Knowledge of direct and indirect tax.

Key Attributes:

• The accountant possesses superior planning and organizational skills with strong attention to detail and is capable of operating in a fast-paced environment.
• Excellent verbal and written communication/presentation skills; confident, credible and personable.

• Strong personal integrity and work ethic; takes responsibility; likes to be held accountable for results.
• Excellent with numbers and with an analytical acumen. Strong knowledge of MS Office and familiarity with relevant accounting software (e.g. Quickbooks, Peoplesoft, SAP)

If you are interested in applying, please send your resume to pelliott@benecaid.com.