Accounts Receivable/ Accounts Payable

2 weeks ago


Ottawa, Canada EDC Full time

**Accounts Receivable/ Accounts Payable ( Level 1 or Level 2 - 12 month contract)** - 00049J

**Posting Date**: Apr 18, 2023, 3:02:22 PM

**Primary Location**: Ontario-Ottawa

**Job Type**: Contract

**Schedule**: Full-time

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.

When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day - for businesses, for Canada and for the people you work with.

Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world. #LI-Hybrid

**Team & Job Overview**

We are currently looking to hire an energetic, self-motivated and resourceful Accounts Receivable Specialist (12-month contract) and Accounts Payable Specialist (12-month contract ).

**Accounts Receivable**

The Accounts Receivable (A/R) Specialist manages the lifecycle of accounts receivable in a multi product insurance portfolio as well as incoming payments across all EDC products. They will ensure admissibility of declaration amendments or overdue payments as well as allocation of payments against appropriate customers/product suite, investigating as required. The (A/R) Specialist takes action in accordance with the Corporate Accounts Receivable Policy in order to standardize and ensure that payments are applied in a timely manner and in order to mitigate collection of overdue amounts. The incumbent monitors and reports on overdue and collection efforts in order to ensure proper financial controls, identifies delinquent accounts and reduces the payment cycles. The incumbent is also responsible for following up on delinquencies and recommending appropriate actions as per Collections and Overdue guidelines The A/R Specialist is responsible for the issuance of confirmation of coverage to clients upon receipt of payment, any billing activities as well as any recording and adjustment of declared volume. They will also perform G/L accounts and customer account reconciliation and process SOA credits, refunds and write-offs. The incumbent is also responsible for communicating directly with EDC’s clients and provide explanations about processes or impacts due to solutions proposed.

**Accounts Payable**

**Discipline Summary**
- Accounts Receivable_
- Manages the lifecycle of standard and non-standard transactions in the insurance portfolio and ensures all incoming payments into EDC are allocated accurately.
- Takes action in accordance with corporate strategies developed for risk mitigation and collection of overdue amounts.
- Provide accurate and timely data to external and internal stakeholders for management and corporate reporting purposes.
- Prepares, records, verifies, analyzes and reports accounts receivable and/or accounts payable transactions, and posts payments.
- Maintains and reconciles ledger accounts, financial statements and reports.
- Responsible for customer billing including preparation, delivery, and responding to queries.
- Accounts Payable_
- Prepares, records, verifies accounts payable transactions, pays vendor invoices for goods and services on a timely basis, and responds to vendor queries.
- Maintains, analyzes and reconciles accounts payable ledger accounts, financial statements and reports.
- Develops, directs, plans and evaluates accounts payable policies and procedures, and ensures external and internal controls and policies are adhered to.
- Processes employee expense reimbursements, customer reimbursements and invoice payment requests.

**Key Responsibilities**
- Accounts Receivable_
- Identifies solutions and recommends modifications to the internal payment infrastructure.
- Interprets standard insurance documents to administer the life cycle of various insurance products.
- Invoices and collects insurance premiums from customers in accordance with agreements and systems.
- Responsible for the lifecycle of accounts receivable ensuring appropriate allocation of payments against customers and products or other verification and authorization as required.
- Monitors and reports on overdue accounts and collection efforts, performs reconciliations, approves journal entries and/or provides periodic and ad hoc reporting.
- Responsible to analyze and recommend decisions in the lifecycle of var



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