At a Glance
- Tasks: Lead billing operations and manage complex financial transactions with a focus on accuracy.
- Company: Join Manulife, a leading international financial services provider committed to diversity and inclusion.
- Benefits: Enjoy competitive salary, flexible work environment, and comprehensive health benefits.
- Other info: Be part of a dynamic team that champions innovation and continuous improvement.
- Why this job: Make a real impact in financial operations while developing your leadership skills.
- Qualifications: Bachelor's degree and 3-5 years of experience in financial operations or related fields.
The predicted salary is between 70500 - 117500 $ per year.
Position Responsibilities:
- Financial Operations & Billing Oversight
- Lead the day-to-day administration of self-funded benefit plan billing operations.
- Oversee the accurate monthly bill runs and invoicing of benefit claim costs, administrative fees, adjustments, recoveries, taxes, and other client financial transactions.
- Ensure timely and accurate reconciliation of client accounts, funding arrangements, and financial activity, as well as Balance Sheet claims and suspense accounts.
- Manage complex financial transactions, escalations, and exceptions while ensuring timely resolution.
- Monitor and manage suspense accounts, beyond clearing standards items, and aged financial exceptions to ensure timely resolution.
- Maintain a strong control environment to support financial accuracy, integrity, and audit readiness.
- Risk Management & Financial Controls
- Identify, assess, and mitigate operational and financial risks associated with billing and financial administration activities.
- Monitor, analyze, and report on key performance indicators (KPIs), service level agreements (SLAs), and operational metrics.
- Ensure compliance with internal policies, controls, audit requirements, and regulatory obligations.
- Partner with Finance, Risk Management, and Control functions to strengthen processes and address control gaps.
- Support internal and external audits and ensure timely completion of remediation activities (SOX / SOC 1 compliance).
- Stakeholder Engagement Management
- Develop and maintain strong partnerships with internal and external stakeholders.
- Act as a key escalation point for complex client financial inquiries and billing-related issues.
- Provide expertise and guidance on billing processes, funding arrangements, financial administration, and operational best practices.
- Collaborate with business partners on client implementations, plan changes, and strategic initiatives.
- Provide oversight and governance of SFS operational partners in the Philippines responsible for back-office processing activities related to ASO billing.
- AI, Automation & Continuous Improvement
- Identify opportunities to improve efficiency, quality, accuracy, and service delivery through process optimization and AI automation.
- Lead and support continuous improvement initiatives that enhance operational performance and reduce risk.
- Champion innovation and leverage digital solutions, analytics, and emerging technologies to improve business outcomes.
- Support strategic transformation initiatives and organizational change efforts.
- Leadership & Talent Development
- Lead, coach, and develop a team of billing professionals.
- Foster a culture of accountability, collaboration, continuous learning, and service excellence.
- Establish clear performance expectations and provide ongoing coaching, feedback, and development opportunities.
- Support workforce planning, succession planning, and employee engagement initiatives.
- Create an inclusive environment where team members can grow and contribute to organizational success.
Required Qualifications:
- Bachelor's degree in Finance, Accounting, Business Administration, Commerce, Economics, Mathematics, Data Analytics, or a related field.
- 3-5 years of progressive leadership experience in financial operations, billing, accounting, client financial administration, insurance operations, banking, or a related industry.
Preferred Qualifications:
- Experience leading teams in a fast-paced, high-volume operational environment.
- Strong understanding of financial controls, reconciliations, risk management, and operational governance.
- Demonstrated ability to lead change and implement process improvements.
- Strong analytical and problem-solving skills with the ability to make sound decisions in complex situations.
- Excellent communication, relationship management, and stakeholder engagement skills.
When you join our team:
We’ll empower you to learn and grow the career you want. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
Manager - Administrative Services Only (ASO) Billing employer: Manulife/John Hancock
Manulife/John Hancock is an exceptional employer that fosters a dynamic and inclusive work culture in the heart of Toronto. With a strong commitment to employee growth, we offer comprehensive professional development opportunities and encourage collaboration across global teams, making it an ideal environment for those looking to make a meaningful impact in the private debt sector. Our competitive benefits package and focus on work-life balance further enhance the rewarding experience of being part of our innovative organization.