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 Perks 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.

#J-18808-Ljbffr

📌 Financial Operations Accountant (Ontario)
🏢 ARAG Legal Solutions Inc. (Canada)
📍 Ontario