Accounts Receivable Specialist

4 days ago

Ottawa, Canada Bank of Canada Full time

**Accounts Receivable Specialist**

**Take a central role**

The Bank of Canada has a vision to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.

Building on the principles that have always guided us - excellence, integrity and respect - we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.

With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers: Working Here - Bank of Canada

Find out more about the next steps in our Recruitment process.

**What you will do**
As the Accounts Receivable (AR) Specialist, you will provide specialist knowledge /skills and execute advanced AR tasks, including:

- Process incoming payments in compliance with financial policies and procedures
- Perform reconciliation of daily credit card settlement files, bank deposits and accounts receivable data
- Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted
- Generate month-end and accounts receivable reports
- Facilitate collection of information required to process client refunds
- Work with client directly to resolve any billing or collections-related matters
- Support user-acceptance testing of new accounts receivable processes

This position is responsible for supporting the Accounts Receivable Lead in the implementation of accounts receivable processes required under the Retail Payments Supervision (RPS) Program, a new mandate under which the Bank of Canada would supervise payment service providers’ (PSP) compliance with operational and financial requirements and maintain a public registry of regulated PSPs. The Program is currently scheduled to go live in late 2024.

You will provide superior customer service, support clients and support internal stakeholders to solve more complex issues and problems that have been escalated to you and will ensure the resolution of the issues or escalation to the Accounts Receivable Lead when required.

**What you need to succeed**

In addition, robust knowledge of accounting principles, processes and systems related to accounts receivable and revenue recognition are all key skills required to succeed in this position.

Intermediate to advanced level Excel skills are essential for this role.

**Your education and experience**
This position requires a college diploma or university degree in accounting, bookkeeping, business administration and a minimum of three years of experience in Accounts Receivable or an equivalent combination of education and experience.

**What you need to know**
- Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
- Priority will be given to Canadian citizens and permanent residents
- Security level required: Be eligible to obtain Reliability
- There will be no relocation assistance provided
- Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

**Remote work / Hybrid Work Model **#LI-Remote**

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank's hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office. For this position, should you not live within reasonable commuting distance of the office, you will be able to work 100% remote (within Canada), for the duration of this term.

**What you can expect from us**
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.
- Salaries are based on qualifications and experience and typically range from $69,300 to $81,530 (job grade 14)
- Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at 5 to 7% of your base salary. The

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