Job Information
AON Accounting Advocate in Toronto, Ontario
Looking for an opportunity to develop your account management and relationship building skills? Do you enjoy interacting with Clients? If yes, this is the opportunity for you. This is a hybrid role with the flexibility to work both virtually and from our Toronto office Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
Communicate with clients, accounting teams, sales team, and other operating units to resolve issues, answer questions, and provide assistance.
Act as liaison between the client and Aon regarding accounting issues.
Verify contract terms and accounting structure in GRiDS, as entered by the Sales team
Ensure all necessary information is included;
Verify information complies with terms and conditions of applicable treaties;
Request additional information, as needed;
Finalize contracts, schedule revenue, and transmit applicable premium documents within established timeframes, i.e. invoice/PANs or FDO.
Request deposit premium and term adjustments from ceding companies in accordance with contract terms including LORs debiting instructions (for Lloyds clients).
Request and monitor ceding company cash for it to be settled within contract terms.
Request and monitor receipt of premium and proportional reports for revenue to be recognized within established timeframes.
Resolve reporting discrepancies with client.
Collect Cash Loss Advances (CLA) in accordance with contract terms.
Review electronic files regularly and maintain accurate and updated electronic files.
Prepare/Review sliding scale commissions, profit commissions, and retrospective premium adjustments in accordance with contract terms and transmit for client’s approval.
Monitor compliance with terms of trade and premium payment warranties and liaise with sales teams as required.
Collect reinsurer and London bureau open balances to ensure payment to the ceding company on a timely basis
Review funds available report each day and assist cash team as needed to disburse ceding company funds.
Monitor Forex to assure the correct currency equivalent settled by the client is settled with the bureau.
Review accounting journals regularly to ensure settlement of ceding company and reinsurer balances.
Research and reconcile accounting information using various systems and resources.
Assist clients to comply with state insurance regulations.
Gather information to carry out the year-end unauthorized reinsurer funding/Letter of Credit (LOC) process
Collect LOC’s from unauthorized reinsurers;
Evaluate LOC and supporting documentation for accuracy and compliance;
Review and transmit documentation to clients.
Research and provide documentation for regular SOx reviews, in accordance with SOx procedures.
Oversee accuracy of Advance Groups, Roles for clients in Contact Management System, and Special Handling for Roles and Banking Details for clients and reinsurers.
Work with senior team members to identify and offer solutions to problems and disputes.
Research and liaise with clients and reinsurers as questions arise.
Communicate with Sales team about significant developments, especially regarding reporting issues, problem markets, transactional audits, major/unusual losses, adjustments, and collection issues.
Review internal statistical data.
Other duties, as needed.
How this opportunity is different
Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another.
Skills and experience that will lead to success
Two-year post-secondary degree or equivalent experience required, but four-year university preferred, specifically in Finance, Accounting, or Math
Experience in insurance industry is preferred
Working knowledge of MS Office suite of products
Excellent interpersonal and communication skills (both oral and written)
Ability to think strategically and analytically
Strong attention to detail
Ability to work independently and efficiently.
How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
#LI-HYBRID #LI-NA1
2541705
Looking for an opportunity to develop your account management and relationship building skills? Do you enjoy interacting with Clients? If yes, this is the opportunity for you. This is a hybrid role with the flexibility to work both virtually and from our Toronto office Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
Communicate with clients, accounting teams, sales team, and other operating units to resolve issues, answer questions, and provide assistance.
Act as liaison between the client and Aon regarding accounting issues.
Verify contract terms and accounting structure in GRiDS, as entered by the Sales team
Ensure all necessary information is included;
Verify information complies with terms and conditions of applicable treaties;
Request additional information, as needed;
Finalize contracts, schedule revenue, and transmit applicable premium documents within established timeframes, i.e. invoice/PANs or FDO.
Request deposit premium and term adjustments from ceding companies in accordance with contract terms including LORs debiting instructions (for Lloyds clients).
Request and monitor ceding company cash for it to be settled within contract terms.
Request and monitor receipt of premium and proportional reports for revenue to be recognized within established timeframes.
Resolve reporting discrepancies with client.
Collect Cash Loss Advances (CLA) in accordance with contract terms.
Review electronic files regularly and maintain accurate and updated electronic files.
Prepare/Review sliding scale commissions, profit commissions, and retrospective premium adjustments in accordance with contract terms and transmit for client’s approval.
Monitor compliance with terms of trade and premium payment warranties and liaise with sales teams as required.
Collect reinsurer and London bureau open balances to ensure payment to the ceding company on a timely basis
Review funds available report each day and assist cash team as needed to disburse ceding company funds.
Monitor Forex to assure the correct currency equivalent settled by the client is settled with the bureau.
Review accounting journals regularly to ensure settlement of ceding company and reinsurer balances.
Research and reconcile accounting information using various systems and resources.
Assist clients to comply with state insurance regulations.
Gather information to carry out the year-end unauthorized reinsurer funding/Letter of Credit (LOC) process
Collect LOC’s from unauthorized reinsurers;
Evaluate LOC and supporting documentation for accuracy and compliance;
Review and transmit documentation to clients.
Research and provide documentation for regular SOx reviews, in accordance with SOx procedures.
Oversee accuracy of Advance Groups, Roles for clients in Contact Management System, and Special Handling for Roles and Banking Details for clients and reinsurers.
Work with senior team members to identify and offer solutions to problems and disputes.
Research and liaise with clients and reinsurers as questions arise.
Communicate with Sales team about significant developments, especially regarding reporting issues, problem markets, transactional audits, major/unusual losses, adjustments, and collection issues.
Review internal statistical data.
Other duties, as needed.
How this opportunity is different
Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another.
Skills and experience that will lead to success
Two-year post-secondary degree or equivalent experience required, but four-year university preferred, specifically in Finance, Accounting, or Math
Experience in insurance industry is preferred
Working knowledge of MS Office suite of products
Excellent interpersonal and communication skills (both oral and written)
Ability to think strategically and analytically
Strong attention to detail
Ability to work independently and efficiently.
How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
#LI-HYBRID #LI-NA1