Junior Accountant

OZZ Electric Inc.; Vaughan; On-site; CAD 50,000 - 65,000; Full time

Job summary

OZZ Electric Inc. is seeking a Junior Accountant to handle accounts receivable functions including billing, collections, cash application, and supporting the company's financial health. The position requires a Bachelor's degree in Accounting, Finance, or Business Administration, along with strong analytical and communication skills. This role is essential in managing financial records and improving cash flow, while promoting a diverse and inclusive work environment.

Qualifications

• Bachelor's degree in Accounting, Finance, or Business Administration is required.
• Experience using Jonas is an asset.
• Strong knowledge of collection regulations and fair credit practices.

Responsibilities

• Responsible for billing, collections, cash application, and reconciliation activities.
• Support month-end reporting and assist with audits.
• Manage customer relationships and improve cash flow metrics.

Skills

Accounting

Financial Analysis

Cash Management

Communication

Attention to Detail

Problem Solving

Education

Bachelor's degree in Accounting

Finance or Business Administration

Tools

Jonas

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

The Junior Accountant will be responsible for the Accounts Receivable function including billing, collection of open invoices, cash application, reconciliation and posting activities, process bank payments, transfers and maintaining our daily cash flow spreadsheet. The incumbent will also support the Company’s overall A/R financial health and seek to improve cross functional efficiency. Some financial and accounting activities such as reconciliations, analysis of accounts, audit support and preparing credit reports for credit assessment will be required to support the Accounts Receivable scope.

Role And Responsibilities

Accounts Receivable Activities:

• Billing:
• Receive and post project progress billing applications
• Receive and post non-project related billings
• Manage project holdback release process
• Collect Open Invoices:
• Proactively pursue a timely collection of accounts
• Improve the days sales outstanding through working collaboratively with customers and internal teams
• Improve cash flow through conversion of customer payments to EFT
• Cash Application:
• Batch cheques, apply payments, create cash receipts documents, ensure cash receipt backup documentation is received upfront
• Cash Reconciliation:
• Verify daily and monthly bank transmission and resolve discrepancies with bank and posted batch
• Cash Posting:
• Perform frequent postings to the general ledger and reconcile weekly cash posting to the ledger
• With a continuous improvement and process enhancement mindset, monitor performance metrics for cash timing and always seek improvements to improve efficiency and productivity
• Ensure backup documentation:
• Work with customers, banks, and internal teams to ensure backup documentation is received and stored/filed
• Imaging cheque remittance and backup documentation:
• Assist with imaging for records retention
• Create and maintain A/R training guides on an ongoing basis
• Update and maintain with accuracy our daily cash file
• Upload EFT files via online banking, issues bill payment, bank transfers
• Other duties as assigned
  

Financial And Accounting Activities

• Support the Company’s A/R financial health:
• Minimize Bad Debt Write-off through timely preparation of credit reports for setup of credit limits and credit ratings
• Proactively address credit risk concerns with the manager
• Support financial and accounting activities:
• Provide month end reports. Some analysis may be required.
• Support A/R month end close by updating reports and reconciling across different systems
• Assist with various ledger account reconciliations
• Support internal and external audits by providing required audit documents in a timely manner
  

Skills And Qualifications

• Bachelor's degree in Accounting, Finance, or Business Administration.
• Experience with Jonas, an asset
• Demonstrated ability to accurately calculate, post, correct, and manage accounting figures and financial records.
• Experience in gathering data, compiling the proper information, and preparing financial reports.
• Strong knowledge of collection regulations and fair credit practices.
  
  

Key Competencies

• Excellent computer skills, including Microsoft Word, Excel, and Outlook.
• Excellent verbal and written communication skills.
• Ability to prioritize tasks and meet tight deadlines.
• Must possess a high level of moral judgment for handling confidential information and monetary transactions.
• Strong diplomatic, negotiation, and conflict resolution skills to handle late payments and delinquent accounts.
• Effective attention to detail and a high degree of accuracy.
• Excellent teamwork and team building skills.
  
  

Additional Notes

OZZ Electric is an equal opportunity employer and encourages women, Aboriginal and Indigenous persons, persons with disabilities and members of visible minorities to apply. Our goal is to hire individuals with diverse characteristics, backgrounds, and perspectives.

All aspects of employment decisions at OZZ Electric are based on the needs of the business and job requirements as well as individual qualifications, without regard to gender, ethnic or national origin, sexual identity and orientation, age, religion or disability.

Our best asset is our people – and we are committed to creating a diverse and inclusive culture.

We. Are. Powerful. Together.

Our Accessibility policies are available for your review in several formats. Should you wish access to these documents, please email: [e-mail]