Manager, Accounts Payable

August 15

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Infrastructure Ontario

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Creating a connected, modern, and competitive Ontario | Créer un Ontario branché, moderne et compétitif

Public Infrastructure • Public Private Partnerships • Infrastructure Lending • Government Real Estate • Construction

501 - 1000

Description

• Payment Processing: Oversee the development, maintenance, and enhancement of payment processing systems. Identify and resolve potential issues to enhance productivity and accuracy. • Timely Payments: Manage payments for various activities, including projects, P3 operations, and funding requests. Ensure all payments are accurate, complete, and compliant with legal and contractual requirements. • Invoice Management: Review and verify documentation and approvals for invoices. Address and correct any errors or budget issues before final approval. • Vendor Collaboration: Work with project managers and accounting teams to align vendor invoices with project milestones and ensure proper funds are available for GL disbursements. • Reporting: Develop and maintain summarized accounts payable reports, providing insights into payment trends, overdue payments, and overall AP performance. • Analytics and Reconciliation: Track outstanding invoices, perform accounts payable reconciliations, and analyze data to identify improvement areas and resolve discrepancies. • Vendor and Lease Management: Approve vendor setups, changes, and landlord lease payables. Address vendor questions and concerns promptly. • Internal Controls: Review and recommend changes to accounts payable processes and internal controls. Implement corrective actions based on CEO-CFO certification findings. • Performance Management: Set and monitor performance goals for staff, conduct evaluations, and manage talent development through coaching and mentorship.

Requirements

• Post-secondary degree in Accounting, Finance, Business, or a related discipline as asset • CPA designation is considered an asset. • Several years' experience managing Accounts Payable or related functions. • Team leadership experience is required to build, develop, and motivate a professional team. • Strong clients focus and relationship management experience is an asset • Experience analyzing and interpreting financial information, preparing, and presenting statistical reports and summary to senior management.

Benefits

• Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve. • A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities. • A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future. • A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more. • A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks. • Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for fitness equipment, nutrition counselling or financial planning. • Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee’s role. • Access to a suite of virtual healthcare options to support non-urgent medical needs