Accounts Payable Coordinator

3 weeks ago

Waterloo, Canada Ontario Teachers Insurance Plan (OTIP) Full time

Company Description

OTIP (Ontario Teachers Insurance Plan) is a member-focused, service-driven organization. We are committed to putting our people first by fostering a positive and inclusive work environment, providing a competitive total compensation package and investing in career development. Our team is currently looking for a:
**Accounts Payable Coordinator - (12 Month Contract)**

**Job Description**:

- Processes daily accounts payables timely and accurately. This includes obtaining approval from management or the business to issue payments, handling adjustments, and preparing corresponding journal entries and reports.
- Analyzes discrepancies, ensures errors are corrected, and confirms accuracy prior to payment.
- Provides support to trade and broker trust payables.
- Develops and maintains strong relationships with internal and external stakeholders.
- Sorts, delivers and mails information including cheques and remittance advices, and matches cheques to paid invoices for signing.
- Obtains, analyzes, and enters all information into the sub-ledger schedules to prepare monthly reconciliation of receipts and disbursements
- Performs monthly reconciliations of sub-ledgers to the general ledger
- Secures financial information through regular database back-ups and follows internal accounting controls to maintain financial security
- Assists with processing and tracking of prepaid payments, including preparing monthly journal entries, and year end documentation.
- Prepares and processes electronic funds transfer (EFT) payment files.
- Identifies opportunities for process efficiencies and implements changes.
- Performs other duties within competence, as assigned.

**Qualifications**:

- A minimum of one year post-secondary education (training) including introductory accounting courses.
- A minimum one year experience working in Accounts Payable.
- Self-starter who demonstrates initiative and thrives in a fast-paced environment.
- Excellent attention to detail to ensure accurate and timely processing.
- Superior time management and organizational skills to manage competing priorities and meet tight deadlines.
- Exceptional communication skills and a demonstrated ability to deal effectively with all levels of internal and external stakeholders.
- The demonstrated ability to collect, compare and analyze all information and figures, while using creative and strategic approaches to solve complex problems and concepts.
- The ability to communicate in French is considered an asset.

Additional Information
**What we offer**:

- Competitive salary and bonus structure
- Industry-leading employer-paid group benefits that start on your first day
- Defined benefit pension plan
- 100% coverage of continuing education and licensing fees (including RIBO and AIC courses)
- Flexible work from home and hybrid options
- Opportunities for advancement
- OTIP and its group of companies strive to create an accessible and inclusive work environment where everyone is treated with respect and dignity. Upon individual request, we will endeavour to remove any barrier to the recruitment and selection processes and provide accommodations for persons with disabilities._
- As a business, we protect what matters most to our members. As an employer, we value what matters most in our workplace. Together, this includes fostering a diverse, equitable and inclusive environment for all. We are committed to learning and evolving so we can continue to celebrate what makes us special. You are who you are, and our differences are what make us unique._

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