Cash Receipting Associate (Contract)

Summary

Collect client payments to update policy and group accounts. Ensure that collected payments across the various business lines are receipted to their intended accounts with accuracy and timeliness.

Responsibilities

• • Process payments on the relevant platforms and collect client deposits and other miscellaneous payments for life insurance policies, mortgage premiums, inter-company, and other miscellaneous payments.
• • Update the appropriate records with payment tender types received.
• • Identify anomalies with policy records being credited as well as the payment of mortgage accounts and take steps to resolve these issues promptly.
• • Process E-Payments for employee benefits administration and pension team and coop deposits.
• • Balance the daily cash reports with the lodgements and prepare documents and cash/ cheques for submission to the bank.
• • Perform other related duties assigned from time to time.

Required Skills

• • Good human relations and time management skills.
• • Good communication skills.
• • Working knowledge of insurance policies and procedures.
• • Basic knowledge of accounting.
• • Working knowledge of computer software packages such as word processing and spreadsheet applications.

Qualifications

• • Minimum of an associate degree in Business Administration or other related field from a recognized institution.
• • Successful completion of the LOMA (Parts 1 and 2) or other industry related designation would be an asset.
• • At least two (2) years working experience including one (1) year in the operations division of a life insurance company.

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