ACCOUNTANT - PAYABLES
ONT.COLLEGE OF TEACHERS
Toronto Ontario
Salary: Neg Per Hour
Responsibilities:
Accounts Payable & Vendor Management:
Verify invoices are in alignment with contracts, purchase requisitions, purchase orders and purchases made in accordance with College purchasing policy.
Verify the invoices are properly coded and approved in accordance with purchasing policy.
Prepare journal entries, ensuring financial data is accurately recorded and in compliance with accounting standards
Process cheque runs ensuring timely payment to vendors and accurate accounting
Reconcile vendor statements, track outstanding invoices, credit notes, follow up on payment discrepancies, and resolve issues promptly with vendors.
Work with authorized staff to ensure proper approval for all payments, maintaining compliance with college policies.
Maintain records of contracts, RFPs, bids, and related documents, ensuring proper documentation for payments.
Administer the corporate credit card program, ensure proper usage, and track related transactions.
Support audit processes by providing necessary documentation
Other duties as assigned by the Associate Director
Process Improvements:
Suggest and assist in the implementation of system upgrades or new financial tools that improve the efficiency of accounts payable functions.
Recommend and help implement improvements to purchasing policies and procedures
Work closely with departments to identify opportunities for process automation and digital solutions that reduce manual tasks and enhance productivity.
Support the testing and implementation of new financial systems, ensuring a smooth transition to upgraded or new tools.
Cross-Functional Support
Assist with payroll processing and related tasks during the payroll accountant's absence, ensuring continuity of payroll functions.
Provide backup support for expense claims task when needed, ensuring smooth financial operations.
Strategic Support
Collaborate with external consultants to review tax compliance and identify opportunities for potential savings and optimization.
Resolve discrepancies related to credit card transactions, Moneris accounts, and EFT processing, ensuring prompt and accurate corrections.
Address vendor payment issues, liaising with vendors and internal stakeholders to resolve disputes and ensure smooth financial operations.
Qualifications, Skills and Experience:
Completion of a post-secondary diploma or degree in accounting and/or finance
3 or more years of experience in accounting with an emphasis on accounts payable
Proficiency in Microsoft Excel, Word and Adobe
Advanced knowledge of BC Dynamics 365 and Microsoft Office Suite applications
Analytical skills, attention to detail, and problem-solving skills
Strong organization and time-management skills
Excellent written and verbal communication skills
Teamwork, adaptability, and positive attitude
Job Overview
Posted Date: 30 May 2025
Location: Toronto Ontario
Salary: Neg Per Hour
Company Information
ONT.COLLEGE OF TEACHERS
Name: ONT.COLLEGE OF TEACHERS
Web: https://www.oct.ca