Analyst, Remittance
Financial Recovery Technologies is a technology-based services firm that helps institutional investors identify, file claims, and collect funds made available in securities class action settlements. As an Analyst on the Remittance Team, you will own and improve core accounting and finance functions, ensuring accurate allocation and distribution of funds to clients.
Responsibilities
- Take ownership of FRT’s remittance process
- Maintain accurate client and account data for remittance, including wire/ACH instructions
- Review and reconcile fee calculations to ensure proper revenue recognized for FRT
- Ensure funds received from claims administrators are promptly and accurately distributed to clients
- Partner with cross-functional teams to design and execute workflows responsible for remitting monies to clients
- Reconcile funds received, allocate and ensure distribution to the appropriate clients, and produce related documentation
- Review and ensure proper accounting of transactions. Identifying and booking proper allocation for journal entries and bank transactions into the ERP
- Assist with accounts receivable including billing and reconciliation
- Become sufficiently adept at the above to be able to recommend and assist in implementing process improvements
- Own and embrace assigned responsibilities to mastery
- Identify areas for improvement in processes, suggest ideas for effecting change, and drive process improvements to completion
- Develop and capitalize on strong cross-functional working relationships to increase integration of financial functions into the business
- Develop strong working relationships with operations team to ensure successful integration of financial and operational functions at points of intersection
- Build relationships across the company to ensure you’re seen as a go-to person on finance-related matters
Skills
- Ownership of FRT's remittance process
- Maintenance of accurate client and account data for remittance, including wire/ACH instructions
- Review and reconciliation of fee calculations to ensure proper revenue recognized for FRT
- Ensuring funds received from claims administrators are promptly and accurately distributed to clients
- Partnership with cross-functional teams to design and execute workflows responsible for remitting monies to clients
- Reconciliation of funds received, allocation and ensuring distribution to the appropriate clients, and production of related documentation
- Review and ensure proper accounting of transactions, identifying and booking proper allocation for journal entries and bank transactions into the ERP
- Assistance with accounts receivable including billing and reconciliation
- Becoming sufficiently adept at the above to be able to recommend and assist in implementing process improvements
- Ownership and embrace of assigned responsibilities to mastery
- Identification of areas for improvement in processes, suggesting ideas for effecting change, and driving process improvements to completion
- Development and capitalization on strong cross-functional working relationships to increase integration of financial functions into the business
- Development of strong working relationships with operations team to ensure successful integration of financial and operational functions at points of intersection
- Building relationships across the company to ensure you're seen as a go-to person on finance-related matters
Benefits
- Fun and diverse colleagues
- Competitive salary and bonus
- Health, dental, vision
- 401k (with company match)
- Income protection plans (life, disability) and access to a suite of voluntary benefit programs
- Close to public transit (walking distance to Wellington T on Orange Line)
- Free drinks and snacks
- Free access to onsite gym
- Free parking onsite
Company Overview