CIBC Mellon

Accounts Payable Coordinator, Accounting and Accounts Payable

Toronto, ON, CA

17 days ago
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Summary

Responsibilities

  • Receives and logs vendor/supplier invoices, employee expense reports, cheque requisitions or other valid documentation submitted for payment or reimbursement along with handling the set-up of new vendor /employee accounts and the maintenance of current vendor, employee and general ledger accounts.
  • Responsible for ensuring reimbursement claims/payments are reviewed and authorized in accordance with all company policies.
  • Work directly with vendors and manage the process of enrolling vendors for EFT payment set-up in Epicor.
  • Verifies and matches up purchase orders with invoices or other supporting documentation submitted for payment and follows up and resolves directly any discrepancies with applicable CIBC Mellon business line representatives.
  • Prepares batches of invoices, expense reports and cheque requisitions approved for payment and posts and enters into Accounts Payable (A/P) System (Epicor) to initiate payment processing.
  • Manage all cheque, wire and EFT payments and ensure all these entries are recorded accurately in Epicor.
  • Review and verify all applicable taxes (including Regulation 105 withholding taxes) on invoices and expense reports are calculated and recorded accurately in Epicor as per CRA requirements.
  • Update and maintain authorized business expense approvers list in accordance with CIBC Mellon policies.
  • Prepare journal entries for Corporate Accounting review and posting.
  • Assist accounts payable supervisor with the analysis/preparation of data required for updating AP monthly dashboard.
  • Addresses and resolves A/P related enquiries from vendors, internal CIBC Mellon staff and internal/ external auditors at an initial first level, escalating to a higher level for resolution where necessary.
  • Conducts A/P and associated G/L account reconciliations on regularly scheduled basis and investigates any discrepancies.
  • Details and arranges the processing of client chargeback expenses with Fee Billing Department.

Qualifications

  • College degree with focus on accounting or finance, or equivalent training
  • 3 to 5 years’ experience in the financial services sector
  • Knowledge of accounting concepts, accounts payables, accounts receivable and maintaining the General Ledger
  • Good knowledge of Microsoft applications and accounting systems
  • Strong communication and analytical skills

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