Accounts Payable & Receivable Specialist

Vaco Recruiter Services; Brampton; On-site; CAD 60,000 - 80,000; Full time

Benefits offered by this job

Medical, dental, and vision benefits

401(k) retirement plan

Discretionary bonuses

Job summary

Vaco Recruiter Services is seeking an Accounts Receivable/Accounts Payable specialist in the Greater Toronto Area. The role requires 3+ years’ experience in AR/AP, strong Excel skills, and proficiency with QuickBooks or similar ERP systems.

You will manage daily collections, vendor invoices, and month-end close tasks while maintaining accuracy and deadlines. Ideal candidates excel in detail, analytical thinking, and communication.

Qualifications

• 3+ years in a combined Accounts Receivable and Accounts Payable role.
• Post-secondary education in Accounting, Finance, Business, or a related field preferred.
• Strong knowledge of accounting principles, billing processes, collections, and accounts payable procedures.
• Experience processing high-volume transactions accurately and efficiently.
• Proficiency with QuickBooks or similar ERP/accounting systems.
• Advanced proficiency in Microsoft Excel and working knowledge of Word and Outlook.
• Strong attention to detail and accuracy.
• Excellent analytical and problem-solving skills.
• Ability to prioritize workload and meet deadlines in a fast-paced environment.

Responsibilities

• Document daily collections activity and update account status records.
• Contact customers regularly regarding outstanding balances and payment status.
• Process customer payments and supporting documentation in QuickBooks or other systems.
• Generate invoices, statements, and payment reminders.
• Prepare aging reports and collection summaries for management.
• Review, verify, and process vendor invoices accurately and in a timely manner.
• Match invoices to POs and receiving docs; ensure proper coding before payment.
• Process weekly, bi-weekly, and monthly payment runs via cheque, EFT, or wire.
• Reconcile vendor statements and investigate discrepancies.
• Assist with month-end closing activities and AP reconciliations.
• Prepare reports and analyses for management.

Skills

AR/AP knowledge

Excel proficiency

Analytical skills

Attention to detail

Communication skills

Time management

Independence

Education

Post-secondary education in Accounting/Finance/Business

Tools

QuickBooks

Microsoft Excel

Microsoft Word

Outlook

Job description

About the Opportunity

Accounts Receivable:

• Document daily collections activity, including updating account status records and collection efforts.
• Contact customers regularly regarding outstanding balances and payment status.
• Collect payments from customers based on agreed-upon terms and conditions.
• Achieve established collection and aging targets.
• Exercise discretion and judgment when negotiating payment arrangements.
• Investigate account discrepancies, billing issues, and customer disputes.
• Perform account and payment reconciliations.
• Process customer payments and supporting documentation in QuickBooks or other accounting systems.
• Generate and distribute invoices, statements, and payment reminders.
• Monitor customer credit limits and recommend account holds when necessary.
• Respond to customer and internal inquiries regarding account balances and payment history.
• Participate in meetings with sales, service, and operations teams to discuss customer accounts and collections strategies.
• Prepare aging reports and collection summaries for management.
• Maintain accurate customer account records and documentation.
• Process customer refunds and credit memos as required.

Accounts Payable:

• Review, verify, and process vendor invoices accurately and in a timely manner.
• Match invoices to purchase orders, contracts, and receiving documentation.
• Ensure proper coding and approval of invoices before payment processing.
• Prepare and process weekly, bi-weekly, and monthly payment runs via cheque, EFT, wire transfer, and other payment methods.
• Reconcile vendor statements and investigate discrepancies.
• Respond to vendor inquiries regarding payment status and account balances.
• Establish and maintain positive working relationships with vendors and suppliers.
• Monitor payment schedules to ensure timely payments and avoid late fees.
• Maintain accurate vendor records, files, and supporting documentation.
• Process employee expense reports in accordance with company policies.
• Assist with vendor onboarding and collection of required tax and payment documentation.
• Coordinate with internal departments to resolve invoice and purchasing discrepancies.
• Assist with month-end and year-end closing activities, including accruals and AP reconciliations.
• Ensure compliance with company policies, internal controls, and accounting procedures.

General Accounting & Administrative Functions:

• Prepare reports, analyses, and financial records for management and other stakeholders as required.
• Assist with account reconciliations, including balance sheet accounts and general ledger maintenance.
• Prepare, post, and maintain recurring and adjusting journal entries.
• Reconcile, prepare, and submit federal and provincial sales tax filings.
• Assist in the preparation of month-end, year-end, and audit working papers, providing supporting documentation as required.
• Ensure financial transactions are recorded accurately and in compliance with generally accepted accounting principles (GAAP) and company policies.
• Support internal and external audits by providing requested financial records and documentation.
• Maintain the confidentiality and security of all financial, business, and employee information.
• Identify and implement opportunities to improve accounting processes, internal controls, and operational efficiencies.
• Participate in special projects, system improvements, and other accounting or administrative initiatives as assigned.
• Perform other related duties as required.

About You

• 3+ years of experience in a combined Accounts Receivable and Accounts Payable role.
• Post-secondary education in Accounting, Finance, Business, or a related field preferred.
• Strong knowledge of accounting principles, billing processes, collections, and accounts payable procedures.
• Experience processing high-volume transactions accurately and efficiently.
• Proficiency with QuickBooks or similar ERP/accounting systems.
• Advanced proficiency in Microsoft Excel and working knowledge of Word and Outlook.
• Strong attention to detail and accuracy.
• Excellent analytical and problem-solving skills.
• Comfortable handling difficult conversations while maintaining professionalism.
• Ability to prioritize workload and meet deadlines in a fast-paced environment.
• Strong verbal and written communication skills.
• Ability to work independently with minimal supervision.
• Experience with customer and vendor portals is considered an asset.
• Demonstrated commitment to ethical business practices and confidentiality.
• Strong organizational, planning, and time-management skills.
• Collaborative team player with a positive attitude and commitment to continuous improvement.

Pay Range

$60,000 - $80,000 per year

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.