Payroll & Disbursements Analyst (Accounts Payable)

WORK ILLUSTRATION:

Responsible for the timely and accurate processing of a high volume of invoices, reconciling statements, and supporting the month-end close process.  This includes having a strong understanding of accounts payable processes in a procure to pay environment, excellent problem-solving skills, and the ability to thrive in a fast-paced environment. 

The incumbent is expected to behave ethically and follow the established code of business conduct, policies and internal control procedures, laws and regulations governing Toronto Hydro. 

KEY RESPONSIBILITIES:

• Responsible for the “procure to pay” process in Vendor Invoice Management (VIM), processing invoices and verifying accurate and on time payments to vendors
• Processes high volumes of invoices accurately and on time, ensuring proper approvals and documentation
• Answers inquiries from vendors and maintains strong relationships with internal and external stakeholders
• Reviews and reconciles vendor statements, identifying and resolving discrepancies
• Ensures compliance with company policies and internal controls related to accounts payable
• Collaborates with procurement and other departments to resolve purchase order and invoice mismatches
• Has the authority to authorize non-standard transactions (paying a supplier early, taking a discount past the due date and similar)
• Assists with weekly payment runs (cheques, ACH, wire transfers)
• Acts as the organization’s representative to suppliers, negotiating procedural matters to optimize the billing and payment process for both the supplier and organization
• Applies judgment to these situations in determining the critical processes and data elements, while identifying and mitigating risk factors
• Works with internal (i.e. information technology) and/or external vendors, supports system enhancements, testing and troubleshooting
• Monitors and verifies the quality and integrity of source data
• Provides timely and accurate month-end and year-end support related to regular financial cycles including journal entries, account reconciliations, accruals and reporting
• Gathers, organizes, and analyzes data to support departmental/divisional and/or finance management systems and objectives
• Executes reporting to support daily/weekly/monthly management system requirements (cyclical) and ad-hoc requests
• Reports on departmental Key Performance Indicators (KPI’s)
• Conducts data gathering and gap analysis and creates dashboards for better data visualization

REQUIREMENTS:

• Bachelor’s/ Undergraduate Degree in Business Administration, Finance, Commerce, Social Sciences, or related field
• Three (3) or more years of experience in a ‘procure to pay’ environment strongly preferred
• Ability to independently resolve Accounts Payable issues
• Good knowledge of ERP system functionality – incumbent is expected to become an expert in this area
• Experience with VIM, SAP or other OCR scanning is a plus
• Cyclical periods of high stress working under pressure for critical projects and hard deadlines
• Familiarity with regular financial reporting cycles
• Problem solving and decision-making skills
• Strong verbal and written communication skills
• Strong Excel and report writing skills
• Has a clear sense of corporate direction and expectations, hold self and others accountable to achieve objectives
• Models customer-focused approach in all decision and actions
• Invests in innovation, continuous improvement, and productivity as essential drivers of long-term sustainability

This position is based in a hybrid environment allowing for remote work two days per week, based on business needs. Employees will be required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within reasonable commuting distance of the office. #LI-Hybrid

Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, please email hr_talent@torontohydro.com or call (416) 542-8000. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.