Senior Accounts Payable

About the Company

Our client is a privately owned real estate development company and one of the largest in Canada and North America. Established in the late 1990s, the company has become a leading developer in the GTA, specializing in upscale residential and commercial projects such as luxury condominiums, hotels, and mixed-use developments. The portfolio includes several high-end properties, known for innovative and high-quality projects that deliver exceptional value to clients and investors. Emphasizing sustainable development, the company has earned recognition for its green building practices.

The company offers a dynamic and challenging work environment with ample opportunities for professional growth and development. It values teamwork, integrity, and innovation, and invests in employee training and support to promote success.

Selling Features of Working Here

• Youthful culture and new office
• Great office location
• Growing organization with future opportunities for growth
• Team is willing to train and invest in employees
• Great working hours: 8AM to 4PM or 9AM to 5PM
• Office amenities include a gym
• Free parking and TTC accessible
• Room for promotion and technical development

About the Role

The Senior Accounts Payable role with a high-rise condominium builder will act as a process subject matter expert, overseeing and enhancing end-to-end accounts payable functions. Responsibilities include managing the payment cycle, coordinating with Treasury for fund releases, and handling banking and administrative duties. The Specialist will analyze and process complex transactions, coach new hires and existing staff, and collaborate with the CFO to enhance accounts payable processes. This role offers growth potential, with the possibility of advancing into a managerial position as expertise is demonstrated.

Other Responsibilities

• Serving as a Process Expert: Managing full accounts payable functions, coordinating fund releases with Treasury, and performing banking and administrative tasks.
• Month-End Variance Analysis: Assisting with month-end variance analysis reports, providing commentary on actuals vs. budget vs. forecast for both cost and cash.
• Complex Accounting and Reporting: Navigating complex construction and project accounting requirements, reporting data and analyses to senior management.
• Multi-Site AP Management: Overseeing daily and weekly AP processes for multiple sites and vendors in a high-volume setting.
• Support and Resolution: Assisting site teams, clients, and vendors in resolving AP issues and responding to queries.
• Approval and Compliance Assurance: Ensuring proper approval processes, including PO matching and adherence to company policies.
• Vendor Reconciliation: Reconciling vendor statements, identifying and resolving discrepancies, and addressing aged items efficiently.
• Supplier Communication: Maintaining transparent communication with suppliers on invoices and problem resolution.
• Periodic AP Process Reviews: Reviewing AP processes and recommending actionable enhancements.
• Team Development and Collaboration: Coaching new hires and existing staff, and working with the CFO to implement process improvements.
• Career Progression Opportunities: Potential to advance into a managerial position as proficiency and expertise are demonstrated.

About the Candidate

• Must work 5 days a week in-office
• Preference for candidates with construction experience
• 2-3 years in a complex AP environment or general accounting role
• Experience with a major ERP system is a plus
• Excellent verbal and written communication skills, with willingness to train and lead others
• Exceptional attention to detail and organizational skills
• Intermediate proficiency in Microsoft Office – Word and Excel
• Desire to take on new challenges, responsibilities, and assignments
• A collaborative, driven professional, eager to work within a diverse environment