Accounting Assistant

About the Insurance Council

The Insurance Council of British Columbia is the regulatory organization that licenses and regulates the activities of over 50,000 life and general insurance agents, general insurance salespersons, insurance adjusters, and restricted insurance agents in British Columbia.

Why Work for the Insurance Council?

Work with a great team of people in a rewarding career that makes a difference. We are in a downtown location with plenty of amenities nearby. The Insurance Council has a friendly and collaborative environment with a team who is committed to protecting the public.

• We offer a comprehensive health and dental plan
• Work-life balance
• Hybrid work environment (work from office/residence in BC)
• Professional development
• Equitable employment opportunities

The Opportunity

The Accounting Assistant is a member of the Finance department and primarily supports recording transactions, processing payments, performing reconciliations, and Council’s compliance with financial reporting requirements.

Duties and Responsibilities

• Ensure monthly expenses are received and processed in a timely manner, including checking for appropriate approvals and posting in the accounting system.
• Prepare payment for payables (e.g. invoices, staff expense reports, corporate credit cards)
•  Daily and monthly reconciliation of financial transactions in the licensing and accounting system, including correction of any glitches and errors.
•  Daily reconciliation of the Moneris transaction reports with the licensing system
• Ensure government fee is balanced on a daily/monthly basis and reports are remitted
• Manage accounting email inbox, respond to inquiries and forward to Finance team members as necessary.
• Process fee refund requests in the licensing and accounting systems and Moneris
• Manage fines and costs collection process, including assessing fees in licensing system, issuing reminder letters and forwarding overdue accounts to a collection agency as per Fines and Costs Collection policy
• File and organize financial records
• Other duties as assigned such as:
  • Issue letters to insurers requesting payment of the annual insurer assessment fee and ensure their collection is complete.

• • Create and administrate prepaid accounts for insurance agencies during renewal season

• • Support the Finance team during external audit including pulling samples

• • Tracking of finance service fee and gift cards for staff.
  • Prepare and deposit cheques at the bank on an adhoc basis.

Qualifications and Experience

• 2-3 years of experience in processing and recording payables and receivables, reconciliation of accounts, data entry, assisting with month-end close and preparation of various accounting schedules
• Degree in Business Administration with a major in accounting or Accounting diploma or equivalent work experience
• Knowledge of basic bookkeeping, accounting principles and procedures
• Excellent computer skills, including proficiency in Outlook, Word, PowerPoint, Excel, and accounting software
• Experience in Microsoft Dynamics 365 Finance & Operations considered an asset

• A team player that knows how to work collaboratively with the finance team and share knowledge
• High degree of integrity and honesty
• Ability to handle multiple concurrent
• Good communication skills both oral and written
• Detail oriented
• Reliable, thorough, organized and accurate
• Able to work effectively on tight deadlines

Hiring Range: $53,347 – $66,684 per annum.
Placement within this range will be determined according to the candidate’s relevant experience, qualifications, and demonstrated competencies.