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Accounts Payable Specialist
3 months ago
Company Overview:
Cad Railway Industries Ltd, established in 1968 and based in Montreal, is recognized as North America's premier provider of comprehensive solutions within the freight, passenger, and commuter rail sectors across Canada, the United States, and internationally.
With additional facilities located in Calgary and Lethbridge (operating under the Caltrax banner), Cad Railway has been appointed by the ONxpress Transportation Partners association to oversee all legacy fleet maintenance services for the Metrolinx rail fleet, which includes approximately 1000 bi-level coaches and 90 locomotives.
Our dedicated delivery team is responsible for the operation and maintenance of Metrolinx's rail maintenance facilities in various locations, ensuring efficient service across the Metrolinx train service area.
Role Overview:
The Accounts Payable Specialist is integral to our financial operations, overseeing the accounts payable function within the organization.
This role involves the precise processing and documentation of transactions related to vendor invoices, expense claims, and other financial records.
The ideal candidate will possess exceptional attention to detail, strong organizational capabilities, and a solid grasp of accounting principles.
Key Responsibilities:
Invoice Management:
- Timely and accurate processing of vendor invoices.
- Ensure invoices are correctly coded, authorized, and supported by relevant documentation.
- Address and resolve discrepancies with invoices through collaboration with internal teams and vendors.
Expense Report Administration:
- Review and process employee expense reports, ensuring compliance with company policies.
- Reconcile expense reports against corporate credit card statements.
Vendor Relations:
- Maintain effective communication with vendors to resolve inquiries and issues.
- Foster positive relationships with vendors while ensuring timely payments.
Payment Processing:
- Prepare and execute payment batches, including checks, ACH transfers, and wire transfers.
- Ensure compliance with payment terms and capitalize on early payment discounts when applicable.
Record Keeping:
- Maintain organized and accurate records of all accounts payable transactions.
- Assist in the preparation of financial reports and audits by providing necessary documentation.
Regulatory Compliance:
- Stay informed about relevant accounting regulations and compliance standards.
- Ensure adherence to company policies and procedures regarding accounts payable.
Reporting:
- Generate regular reports on accounts payable activities, outstanding payments, and other key metrics.
- Provide insights and analysis to support financial decision-making.
Collaboration:
- Work alongside other departments, such as procurement and finance, to enhance processes and efficiency.
- Collaborate with the accounting team to ensure accurate and timely month-end closing procedures.
Qualifications:
- Post-secondary education in Accounting, Finance, or a related field is preferred.
- Experience with Oracle is essential.
- 2 to 4 years of proven experience in an Accounts Payable role or similar position.
- Basic understanding of accounting principles and practices.
- Proficient in accounting software and Microsoft Office Suite, particularly Excel.
- Strong analytical and problem-solving abilities.
- Excellent communication and interpersonal skills.
- Detail-oriented with a commitment to accuracy.
- Ability to manage multiple tasks and meet deadlines effectively.
Preferred Qualifications:
- Experience in a unionized environment.
- Familiarity with industries such as Aerospace.
- Knowledge of the rail industry and rail equipment.
Cad Railway Industries Ltd. is committed to providing equal employment opportunities and fostering a welcoming, safe, and inclusive environment for all individuals, regardless of age, race, ethnicity, nationality, sexual orientation, gender identity and expression, religion, or disability status.