Accounts Receivable/Accounts Payable Manager in Toronto, ON

Accounts Receivable/Accounts Payable Manager Job Description

Accounts Receivable Manager

Accounts receivable managers in Canada should have a deep understanding of accounting principles, financial statement analysis, and risk management. Accounts Receivable Managers should also have experience with accounts receivable software systems and be able to develop and implement processes to ensure accuracy and timeliness of payments. Top candidates will have a solid track record in customer service, collections, and dispute resolution, and work well under pressure. A bachelor’s degree in accounting or finance is expected, and a professional certification such as the CPA can be an asset.

Typical accounts receivable manager duties:

Overseeing the accounts receivable team and ensuring accuracy of all accounts receivable activities

Monitoring and reviewing customer accounts to ensure payment terms are followed and overdue accounts are pursued

Investigating and resolving customer queries and disputes

Preparing, reviewing, and analyzing aging reports to identify trends and recommend solutions

Liaising with external auditors and third-party collection agencies as required

Assisting leadership in the preparation of the annual budget and long-term financial objectives

Accounts Payable Manager

An accounts payable manager in Canada should have experience reconciling accounts, managing relationships with vendors, and successfully developing and implementing accounts payable processes. Firms look for professionals with the organizational skills to track accounts payable procedures from invoices to payments. Strong verbal and written communication skills are also required to facilitate communication between vendors and other stakeholders. Top candidates will have a track record of delegating tasks and motivating the employees on their team. A bachelor’s degree in accounting, business administration, or a related field is expected.

Typical accounts payable manager duties:

Overseeing the accounts payable process, including the processing of invoices and payments, accuracy of data entry, and timely payment of vendors

Ensuring compliance with accounting policies, procedures, and internal controls

Developing and implementing process improvements and automation to streamline accounts payable workflows

Managing the accounts payable team, including assigning work tasks and monitoring performance

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Salary for Accounts Receivable/Accounts Payable Manager in Toronto, ON

67534 - 101171

25th percentile

67534

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

89959

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

101171

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

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75th percentile

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