Accounts Payable/Accounts Receivable Specialist

Toronto
Job description

Why Join Us?

  • This position is fully remote
  • Great company culture
  • The opportunity to test a variety of different equipment while also learning about the products we offer
  • Take advantage of our employee discount
  • We offer membership and ticket discounts for GoodLife Fitness Centers and Canada‚Äôs Wonderland, amongst others
  • Opportunity for growth and learning within the organization

The AR/AP Specialist is responsible for managing the full payable and receivable cycle. This is a high volume role in which the management of vendors to optimize cash discounts is a critical deliverable. This person will also be responsible for managing and having complete ownership of receivables and the collection cycle for our commercial business.

KEY DELIVERABLES:

Accounts Receivable:

  • Full ownership of credit and collections process:
  • Application of cheques, direct deposits, and wire transfers daily
  • Place outbound collection calls to customers
  • Investigate and resolve account discrepancies
  • Monitor and release orders from credit hold according to corporate credit and collection policies and prepare risk analysis for management approval
  • Prepare KPIs, periodic reporting and analysis. Aging reports, collection metric analysis, internal reporting schedules and other reports as required
  • Responsible for escalation and execution of bad debt collection
  • Perform credit assessments on all new accounts and manage customer records
  • Bring best practices and strive for continuous improvements in the credit and collections process

Month End responsibilities and accounting support:

  • Bank reconciliations including adjusting entries
  • AR sub-ledger reconciliations
  • AFDA analysis and adjusting entries
  • Cash in-transit reconciliation
  • Management of merchant processing transactions and reconciliations
  • Management of financing transactions
  • General accounting support and other duties as assigned

Accounts Payable:

  • Coding and entering vendor invoices with three-way matching in timely manner, and other expense invoices
  • Reconcile any invoice to PO discrepancies
  • Prioritizing payments to ensure cash discounts are optimized
  • Assist in pulling vendor invoices for EFT runs
  • Reconcile vendor statements and international vendor accounts
  • Investigate and resolve any Accounts Payable issues
  • Apply problem solving skills to answer questions from vendors and co-workers
  • Liaising with the Purchasing and logistic departments to resolve issues
  • General support to Accounting team and other duties as assigned

QUALIFICATIONS:

  • 3+ years Accounts Receivable and Accounts Payable experience
  • Degree in Business Administration or equivalent
  • Working towards accounting designation
  • Proficiency in accounting and the ability to help in accounting functions
  • Retail industry experience an asset
  • Detail-oriented, high degree of accuracy, and a strong sense of urgency
  • Proficient in Excel and Microsoft Office products

We believe our company culture supports individuals to pursue their passion and to achieve great things. This opportunity will offer a career that will be rewarding, interesting, sometimes challenging, but mostly fun. Join the team and be part of our exciting future!

We sincerely thank all applicants for their interest in the role. Due to the volume of resumes received we will only contact applicants meeting role requirements for next steps.

In accordance with the Accessibility for Ontarians with Disabilities Act and all other applicable legislation, we are pleased to accommodate individual needs for applicants with disabilities within the recruitment process. Please let us know if you require an accommodation to ensure your equal participation in the recruitment and selection process.

Job Type: Full-time

Salary: $50,000.00-$60,000.00 per year

Benefits:

  • Casual dress
  • Dental care
  • Extended health care
  • Paid time off
  • Store discount
  • Vision care

Schedule:

  • 8 hour shift
  • Monday to Friday

Application question(s):

  • Do you have (or are in the process of obtaining) your CPA?

Experience:

  • Accounts payable: 3 years (preferred)
  • Accounts receivable: 3 years (preferred)

Confidential

Toronto