Processing Specialist

Wintrust Financial Corporation • Toronto, ON

4d • CA$22 - CA$28 • Hybrid

About The Position

At FIRST Insurance Funding of Canada (FIRST Canada), we are proud to promote a workplace that fosters growth and innovation. We employ a dedicated team of enthusiastic individuals who thrive in an entrepreneurial, fast-paced environment. Our open concept and creative culture fosters team work and presents opportunities for growth within the organization. FIRST Canada is an affiliate of Wintrust, a financial services company with more than $66 billion in assets.
Join the FIRST Insurance Funding of Canada (FIRST Canada) team.
We are a multi-year Globe and Mail / Morneau Shapell Employee Recommended workplace with an award-winning culture.
We offer a flexible, hybrid-work model and our FIRST Flex program offers opportunity to work internationally.
We have a comprehensive benefit package including:
• Health Benefits: including medical, dental, vision, life, and health spending account
• Financial Benefits: an RRSP plan with a generous company match and competitive compensation including discretionary or incentive bonuses
• Education Benefits: education reimbursement and on-demand learning courses
We have a dedicated team of enthusiastic individuals who thrive in an entrepreneurial, fast-paced environment.
We support work / life balance and promote growth-from-within opportunities.
Why join this team?
We have a culture that encourages an entrepreneurial spirit
We offer multiple opportunities for development and upward mobility
Position Summary:
The Processing Specialist operates in a fast-paced environment and is responsible for accurate and timely receipt, processing, reconciliation, and recording of, cheques, electronic payments, and other financial transactions. This role ensures compliance with internal controls, accounting policies, and regulatory requirements while maintaining the integrity of financial records.
This opportunity is ideal for a strong team player with advanced Excel skills and strong attention to detail, who is looking to build on their accounting knowledge and grow their career in the financial services industry.

Requirements

• 1–3 years of progressive accounting experience, with exposure to day-to-day financial operations
• Strong understanding of journal entries
• Advanced Excel skills and strong overall systems proficiency
• Analytical and detail-oriented, with the ability to identify issues and follow through on resolutions
• Strong communication skills, with the ability to work effectively across teams and functions

Nice To Haves

• University/college degree in Accounting or Finance generally preferred

Responsibilities

• Receive, verify and process cheque, wire transfers, EFTs, credit card payments, and other receipts to loan contracts.
• Process and manage the administration of changes to premium funding contracts as requested by clients (i.e. payment collection, changes to policies and renewals)
• Investigate and resolve payment discrepancies, unidentified receipts, and allocation issues.
• Perform daily cash reconciliation, including balancing transactions including payments, deposits, credits and other financial transactions
• Prepare and post journal entries within loan management and funding platforms, ensuring accurate recording and reconciliation of loan transactions
• Execute loan funding, payment processing, and collection activities using banking platforms, ensuring accuracy and compliance with established procedures.
• Provide prompt and effective support to internal and external stakeholders, addressing inquiries and resolving issues.
• Maintain compliance with approved procedures, internal controls, and audit requirements.
• Other duties as required

Benefits

• Health Benefits: including medical, dental, vision, life, and health spending account
• Financial Benefits: an RRSP plan with a generous company match and competitive compensation including discretionary or incentive bonuses
• Education Benefits: education reimbursement and on-demand learning courses
• flexible, hybrid-work model
• FIRST Flex program offers opportunity to work internationally
• growth-from-within opportunities
• annual bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree