Financial Operations Accountant

ARAG Legal Solutions Inc. (Canada); Toronto; Hybrid; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Competitive base salary

Bonus plan

RSP matching & Fitness credit

Hybrid work: Toronto HQ & remote

Job summary

ARAG Legal Solutions Inc. (Canada) is seeking a Financial Operations Accountant to support general and technical accounting functions. You will manage accounts payable, reconciliations, cash operations, and financial reporting while collaborating with stakeholders.

The role requires 1–3 years of accounting experience, familiarity with ERP systems, and advanced Excel skills. The position offers a hybrid work arrangement with the head office in Toronto and remote work options.

Qualifications

• 1-3 years accounting experience preferred, with exposure to insurance as an asset.
• Working knowledge of accounting principles and processes.
• Experience with SAP or similar ERP systems is preferred.
• Advanced proficiency in Microsoft Excel and Office 365.
• Strong analytical, problem-solving, and investigative skills.

Responsibilities

• Process and record accounts payable transactions, ensuring invoices and reimbursements are accurate and compliant with finance policies.
• Perform account reconciliations including bank accounts, prepaid expenses, and claims.
• Maintain fixed asset schedules, including acquisitions, disposals, and depreciation.
• Prepare and review accruals in collaboration with business stakeholders.
• Assist in month-end close processes and supporting schedules.

Skills

Analytical thinking

Problem solving

Time management

Communication skills

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field

Tools

SAP

Excel

Office 365

Job description

Reporting to the Financial Operations Manager, the Financial Operations Accountant is responsible for supporting both general and technical accounting functions, including accounts payable, cash management, reconciliations, reporting, and financial analysis.

What will you do?

General Accounting

• Process and record accounts payable transactions, ensuring invoices and employee reimbursements are accurate and compliant with finance policies
• Perform account reconciliations including bank accounts, prepaid expenses, and claims
• Maintain fixed asset schedules, including acquisitions, disposals, and depreciation
• Prepare and review accruals in collaboration with business stakeholders
• Assists in preparation of monthly regulatory listing report
• Booking of investment FX fluctuations and other income
• Support month-end, quarter-end, and year-end close processes

Technical Accounting & Cash Operations

• Reconcile balances against client reports and investigate discrepancies to ensure proper allocation
• Communicate and investigate account balance discrepancies with clients
• Review and analyze client data (e.g., premiums, claims, commissions)
• Develop effective relationships with ATE operations for continuous collaboration
• Check coverage against claim reimbursements
• Ensure accurate entry of technical accounting data into technical system

Operational Support & Controls

• Process monthly bordereaux reports received from business partners
• Review the bordereau reports to ensure accuracy of the data and flag any inconsistencies
• Resolve weekly Unallocated Cash (UAC) balances in collaboration with business partners as required
• Create and process the corresponding bordereau for aged unallocated cash balances
• Policyholder sanction checking software alerts handling
• Prepare balance sheet reconciliations and supporting schedules to support finance team
• Assist in maintaining and improving accounting procedures and internal controls
• Support audit activities by preparing documentation and responding to auditor requests
• Ad hoc reporting for internal management
• Ensure adherence to records management and documentation standards

About You

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or a related quantitative field
• University degree or college diploma and general accounting courses required
• 1-3 years of accounting experience preferred, with exposure to insurance as an asset.
• Basic level accounting experience (insurance industry experience is an asset)
• Working knowledge of accounting principles and processes
• Experience with SAP or similar ERP systems is preferred
• Advanced proficiency in Microsoft Excel and Office 365
• Strong analytical, problem-solving, and investigative skills
• High attention to detail and accuracy
• Excellent communication, organizational, and time management skills
• Ability to manage multiple priorities and meet deadlines
• Ability to work both independently and collaboratively

We Offer

• Competitive Base Salary including annual bonus plan
• Generous Employer Paid Benefits Plan, including RSP matching & Fitness Credit
• Location is a combination of remote work from home and from our head office in the heart of Toronto’s Financial District

ARAG Legal Solutions Inc., part of the ARAG Group, is a global leader in legal expense insurance operating in 19 countries offering an innovative and comprehensive range of legal expense products and services for brokers, underwriting agents and insurers across Canada.For more information about ARAG Canada please visit: www.arag.ca/en/

We are an Equal Opportunity Employer

ARAG Legal Solutions Inc., are proud to be an equal opportunity workplace and employer. We are committed to equal employment opportunity regardless of citizenship, race, place of origin, ethnic origin, colour, ancestry, disability, age, creed, sex/pregnancy, family status, marital status, sexual orientation, gender identity, gender expression, receipt of public assistance (in housing) and record of offences (in employment).

ARAG Legal Solutions Inc., is committed to providing employment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). Any assessments and selection materials or processes used during the recruitment process will be available in an accessible format to applicants with disabilities, upon request. If contacted for an interview, please advise the Human Resources Manager if you require disability-related accommodation.