Accounts Receivable

IO’s Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency’s finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $18 billion in local infrastructure development, and IO’s Information Technology and Business Services, providing tools and systems to ensure secure, effective, and efficient operations.

**This is a key role within the Accounts Receivable group, with multiple responsibilities, including**:

- Preparing and reviewing Accounts Receivable (AR) invoices for all Infrastructure Ontario (IO) business lines, obtaining approvals from business leads, and ensuring timely recovery of costs.
- Supporting IO’s employee timesheet system, the Plan, Track, and Recover (PTR) administrative functions including employee timesheet changes and adding/removing projects in PTR.
- Supporting project cost and project revenue reporting for all IO business lines. Support the review of IO per diem’s model and utilization rates.

**What You Will Do**:

- ** Accounts Receivable Billing**: Support the preparation and review of invoices to clients for all IO business lines; ensuring accuracy, completeness and alignment with supporting documentation; obtaining approvals from business leads while ensuring timely recovery of costs.
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Accounts Receivable Monitoring**: Providing Accounts Receivable updates and regular touchpoints on the status of Accounts Receivable invoices across business lines; develop Management Aging reports and collaborate with IO project teams and clients to resolve invoicing matters.
- **PTR Support**: assist in the administration of IO’s timesheet tracking system which includes creating/deleting projects in PTR, adjusting employee time in PTR and following up on outstanding entries from staff. Develop new quarterly PTR project reports by business lines, with a focus on utilization rates for billable staff.
- **Project Reporting**:Assist with monthly and quarterly reporting to management related to project costs, allocations and revenue recognition for all IO business lines. Support the Senior Manager as the liaison between Financial, Planning, and Analysis (FP&A) and Corporate Finance on project reporting.
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IO Per Diem Model**: Assist with the preparation and review of IO’s per diem model, used to calculate per diem rates to ensure cost recovery for all business lines.
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Process Enhancements**: Assist with internal audit (CEO/CFO certification review) and external audit inquiries related to AR; develop/streamline processes to handle additional billing as a result of increased project volumes.
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Other Reporting and Responsibilities**: Assist with preparing various report backs to provide IO Costs and Transaction/Ancillary project cost accruals at quarter-end; backup support for AR, PTR and project reporting during key staff leaves and vacations; training and coaching and managing staff.

**Who We're Looking For**:

- Significant experience in an Accounts Receivables or Accounting function.
- CPA designation is an asset.
- Knowledge of accounting principles and practices of financial record keeping and financial control.
- Experience analyzing and interpreting financial information, preparing and presenting statistical reports and summary to senior management.
- Consultation, relationship management, problem solving and negotiation skills are required in order to manage relationships with internal and external stakeholders.
- Advanced knowledge of Microsoft Office, including Word and Excel (including a variety of Excel functions/formulas).

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**The salary range for this position is between $94,000 - $141,000 with a corresponding job level of P5.**

**Please note that interviews will occur on a rolling basis until the role is filled.**

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