Accounts Payable Specialist

2 days ago


Kitchener, Ontario, Canada Ontario Teachers Insurance Plan (OTIP) Full time
Job Summary

We are seeking a highly organized and detail-oriented Accounts Payable Coordinator to join our team at Ontario Teachers Insurance Plan (OTIP). As an Accounts Payable Coordinator, you will play a critical role in ensuring the timely and accurate processing of accounts payable transactions.

Key Responsibilities
  • Process Accounts Payable Transactions: Process daily accounts payable transactions in a timely and accurate manner, including obtaining approval from management or the business to issue payments, handling adjustments, and preparing corresponding journal entries and reports.
  • Analyze and Resolve Discrepancies: Analyze discrepancies, ensure errors are corrected, and confirm accuracy prior to payment.
  • Prepare Financial Reports: Gather and analyze data for weekly and monthly reporting, including preparing and processing electronic funds transfer (EFT) payment files.
  • Develop and Maintain Relationships: Develop and maintain strong relationships with internal and external stakeholders, including vendors and suppliers.
  • Perform Financial Reconciliations: Perform monthly reconciliations of sub-ledgers to the general ledger and secure financial information through regular database back-ups.
  • Assist with Prepaid Payments: Assist with processing and tracking of prepaid payments, including preparing monthly journal entries and year-end documentation.
  • Identify Process Efficiencies: Identify opportunities for process efficiencies and implement changes to improve the accounts payable process.
Qualifications
  • Education: A minimum of one year post-secondary education (training) including introductory accounting courses.
  • Experience: A minimum of one year experience working in Accounts Payable and a minimum of one year experience working in an accounting department.
  • Skills: Advanced knowledge of Microsoft Office Suite applications, including Microsoft D365; excellent attention to detail; superior time management and organizational skills; exceptional communication skills; and the ability to collect, compare, and analyze data.
  • Language: The ability to communicate in French is considered an asset.
What We Offer
  • Competitive Salary: A rewarding salary and bonuses that truly value your dedication.
  • Benefits: Industry-leading group benefits with 100% premium coverage (excluding LTD) that start on your first day.
  • Pension Plan: A defined benefit pension plan for a financially confident retirement.
  • Professional Development: 100% coverage of approved continuing education and licensing fees (including RIBO courses in Ontario).
  • Flexible Work Arrangements: Flexible work-from-home and hybrid options.


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