Premium Allocation Specialist

The Premium Allocation Specialist is responsible for ensuring that premium payments on different billing modes and methods are in place by the time the premium is due to keep the policy Inforce and review reinstatement application forms for lapse policies. The specialist has working knowledge to proficient product knowledge on basic work types and reports to Manager, Client Services.

Responsibilities

• Review, analyze, interpret, and validate non-complex billing and/or commission work.
• Capture applicable data, calculate, prepare, and complete accounting which includes Journal Entries.
• Summarize, adjust, and balance client premium statements and payments using Excel to ensure accurate input on the administration.
• Systems.
• Allocate client premium payments accurately and promptly on the applicable administration systems.
• Support suspense management and all financial reporting and investigation processes which may include providing direction on coding of adjustments and/or completion of required coding on applicable admin system(s).
• Validate premiums in preparation for client renewals.
• Reconcile financial statements to the ASO Billing system.
• Interact with the Client, Underwriters, RGOs and other CFS Staff to understand the client’s requirements or to
• resolve any billing/payment-related issues including outstanding payment, and billing issues.
• Handling of non-complex inquiries coming from the client and/or different departments within Group Benefits
• Consistently achieving established service commitments including both individual productivity/quality goals and service standards as defined by the department's clients.
• Other tasks/responsibilities as assigned/required.

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.
• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You thrive in teams and enjoy getting things done together.
• You take ownership and build solutions, focusing on what matters.
• You do what is right, work with integrity and speak up.
• You share your humanity, helping us build a diverse and inclusive work environment for everyone

What we are looking for

• Graduate of a 4-year bachelor’s degree course preferably business/finance or other related courses
• Above average written and verbal communication skills.
• Ability to clearly understand and act on presented problem statements.
• Ability to compose a grammatically correct, clear, and concise email.
• Candidate must demonstrate good problem-solving skills.
• Speedy keyboarding skills of at least 35 words per minute and strong attention to details
• Good organizational and time management skills with the ability to be flexible to changing environments and meet tight deadlines.
• Spreadsheet skill, an asset

What can we offer you?

• A competitive salary and benefits package.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture: We lead with our Values every day and bring them to life together.
• Boundless opportunity: We create opportunities to learn and grow at every stage of your career.
• Boundless opportunity: We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion: We foster an inclusive workplace where everyone thrives.
• Championing Corporate Citizenship: We build a business that benefits all stakeholders and has a positive social and environmental impact.

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About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact recruitment@manulife.com for more information about U.S.-specific paid time off provisions.