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Accounting Revenue Clerk

Surrey, BC
Full Time
4 days ago

Join GroupHEALTH Benefit Solutions® today and become part of an organization that istransforming the way Canadian’s experience benefits.

Our mission is simple;We develop and deliver the most cost-effective employee benefits solutions to Canadian businesses.

GroupHEALTH is accelerating - and you provide the fuel.

We are currently looking for anAccounting Revenue Clerk.Reporting to the Finance manager, the Accounting Revenue Clerk will maintain an accurate financial records of all Revenue and Accounts Receivable transactions for GroupSource and DMI companies and other revenues as required.


Within first 3 months:
  • Obtain an understanding of the Revenue and receivables accounting functions of GroupSource and DMI companies
  • Organize and prepare commission float modeled carrier remittances and reporting
  • Complete month end reconciliations and reporting
  • Prepare and separate revenue streams and complete a revenue variance analysis for both GroupSource and DMI
  • Understand the AR collection process for GroupSource and DMI
  • Post daily deposits and other revenue related transactions in GP
  • Calculate monthly amounts, prepare the reports and pay the associations
  • Prepare weekly and monthly New Business Sales analysis

Within first 6 months:
  • Reconcile WEBS AR Trial Balance (AR aging report) and collect outstanding commissions
  • Complete the AR aging analysis for DMI
  • Reconcile Carrier commissions advances at the next renewal and resolve any discrepancies on regular basis
  • Obtain an understanding of other accounting functions - partner commissions/purchases and payables/trust accounting

In addition to joining a team that is focused on delivering the “WOW!” factor daily (while enjoying weekly yoga stretches, fresh fruit & vegetables, and lots of cake!), yourKey Responsibilitieswill include:
  • Ensure revenue recognition treatment is consistent with company policy and accounting guidance (IFRS)
  • Manage carrier receivables and maintain WEBS AR (AR Aging listing)
  • AR Invoicing for DMI
  • Create the Revenue entry each month and separate the revenue by the various streams
  • Close month end and complete AR and Deferred revenue account reconciliations
  • Prepare monthly revenue reporting and variance analysis for Management
  • Prepare ad-hoc revenue reporting as requested by management
  • Reconcile Carrier commissions advances on the quarterly basis, resolve any discrepancies on regular basis
  • Perform aging analysis for DMI receivables
  • Review outstanding commission receivable balances, collect the funds and resolve issues with carriers on timely manner
  • Prepare bank reconciliations for commission float bank accounts
  • Prepare expected commissions receivable balances for the monthly cash flow forecast
  • Post cash payments and bank deposits into GP
  • Coordinate with the Client Services/Administration and Trust Accounting Teams
  • Calculate monthly amounts, prepare the reports and pay the associations
  • Actively participate in IT projects that affect Revenue and Receivable processes
  • Other duties as required by Finance manager/Director of Finance and CFO

Education and Experience
  • Completion of a degree or diploma in accounting
  • Minimum 3 years of accounting relevant experience

The Perks

In addition to becoming part of a creative, challenging, and stimulating work environment, we also offer:
  • a competitive salary & benefits program
  • paid time off, including flex time
  • education assistance
  • Registered Retirement Savings Plan (RRSP) with employer matching
  • participation in our Happy Friday program

Want to be part of a rapidly growing company that is transforming the way Canadian’s experience benefits? Apply now!

We thank everyone who applies to the Accountant, AR and Revenuerole; however, due to the volume of applications we receive, we are only able to contact candidates who have been selected for an interview.
Health Care