Payroll and Disbursements Specialist

1 month ago


Toronto, Ontario, Canada TORONTO HYDRO Full time
Job Title: Payroll & Disbursements Analyst

At Toronto Hydro, we are seeking a highly skilled and detail-oriented Payroll & Disbursements Analyst to join our team. As a key member of our finance department, you will be responsible for the processing of timely and accurate payments to employees and vendors, as well as performing complex and analytical duties using highly sensitive and confidential information.

Key Responsibilities:
  • Manage the resolution of complex, confidential, and sensitive accounts payable transactions.
  • Answer queries about supplier account status and special transactions and payments.
  • Authorize non-standard transactions, such as paying suppliers early or taking discounts past the due date.
  • Provide guidance and feedback to suppliers and internal departments regarding Toronto Hydro's disbursement procedures.
  • Act as the organization's representative to suppliers, negotiating procedural matters to optimize the billing and payment process for both the supplier and organization.
  • Process invoices and verify accurate and on-time payments to vendors.
  • Design standard operating procedures for new and complex situations arising from organizational changes related to the payroll and general disbursements system.
  • Apply judgment to these situations, determining critical processes and data elements, while identifying and mitigating risk factors.
  • Work with internal and/or external vendors to support system enhancements, testing, and troubleshooting.
  • Monitor and verify the quality and integrity of source data.
  • Provide timely and accurate month-end and year-end support related to regular financial cycles.
  • Prepare journal entries, account reconciliations, and variance/gap analysis.
  • Gather, organize, and analyze data to support departmental/divisional and/or finance management systems and objectives.
  • Execute reporting to support daily/weekly/monthly management system requirements and ad-hoc requests.
  • Report on departmental Key Performance Indicators (KPIs).
  • Conduct data gathering and gap analysis and create dashboards for better data visualization.
  • Liaise with stakeholders to collect required data for reporting and provide data to stakeholders as requested.
Requirements:
  • Bachelor's/Undergraduate Degree in Business Administration, Finance, Commerce, Social Sciences, or related field.
  • 3-5 years of experience in a 'procure to pay' environment.
  • Ability to independently resolve Accounts Payable issues.
  • Good knowledge of ERP system functionality.
  • Cyclical periods of high stress working under pressure for critical projects and hard deadlines.
  • Familiarity with regular financial reporting cycles.
  • Problem-solving and decision-making skills.
  • Strong verbal and written communication skills.
  • Strong Excel and report writing skills.
  • Clear sense of corporate direction and expectations, holding self and others accountable to achieve objectives.
  • Models customer-focused approach in all decisions and actions.
  • Invests in innovation, continuous improvement, and productivity as essential drivers of long-term sustainability.

Toronto Hydro has introduced a Hybrid Work Arrangement, allowing for remote work up to three days per week, based on business needs. Employees will be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person. You are expected to live in Ontario and within reasonable commuting distance of the office.



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