Intermediate Accountant, Accounts Payable

Intermediate Accountant, Accounts Payable

Department: Financial Reporting & Budgeting – Finance & Facilities

Type: 8-Month Contract

Location: Toronto (Hybrid)

Posting Date: March 21, 2025

At OPTrust, paying pensions today, preserving pensions for tomorrow is our mission and business.

When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions. Everyone at OPTrust – in Toronto, London and Sydney – makes a meaningful impact. Our culture is driven by team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone.

What OPTrust Offers You

• Unique culture rooted in our core values – collaboration and teamwork, integrity, respect, flexibility, excellence and continuous improvement.
• A purpose-driven environment where we all work towards the common goal of paying pensions today and preserving pensions for tomorrow.
• A flexible, hybrid work model.
• Benefits package after six months of consecutive employment.
• Optional membership in our world-class defined benefit pension plan.
• A dedicated inclusion, diversity and equity strategy with meaningful opportunities to participate, including our employee-led resource groups.

About the role

This position will provide accounting and financial analysis services to OPTrust regarding payment transaction processing and reconciliation. This position will complete the monthly key control reconciliations, ensuring that all appropriate correcting adjustments are made, and finally, the role will support the preparation and analysis for periodic financial reporting and providing recommendation for the improvement of daily transaction processing.

What you’ll do

Payment Processing and Reconciliation

• Ensuring that disbursement transactions are processed on an accurate and timely basis in accordance with proper procedures and that controls are adhered to; responding to inquiries and discussing deviations with the appropriate staff member, and reporting problems to senior staff or the manager.
• Processing payment transactions in multi-currencies for OPTrust overseas offices and applying the correct accounts coding.
• Adhering to CRA requirement regarding HST regulations; applying the correct treatment when booking payment transactions under different jurisdictions, including the recording of the self-assessed HST amounts as applicable.
• Assisting the Finance Real Estate team in processing their transactions accurately in Oracle Financials and meeting CRA requirements.
• Maintaining the Concur system for both cash and credit card transactions; setting up new employees as directed by HR; assisting new employees in using the system and assisting all employees to resolve issues when arising.
• Performing monthly control reconciliations and disposition of identified issues on a timely basis from the reconciliation process. This includes reconciliation of the bank account balances, the Prepaid, Receivable and Payable suspense accounts, and ensuring that all transactions are properly reflected in the financial systems.

Administration of Corporate Card Program

• Maintaining and monitoring the monthly AMEX accruals spreadsheet for all divisions of OPTrust; ensuring that all accruals are complete and accurate.
• Following up on all outstanding AMEX accruals or reconciling items and ensuring the timely resolution to meet reporting deadlines.

HST Review and Analysis

• Ensuring that required HST documentation is in place for invoices and where necessary, that HST is properly self-assessed under different jurisdictions and recorded in the general ledger to ensure timely remittance for any monies due;
• Providing information to other Finance staff for the completion of the annual HST return;
• Participating in the annual HST review of invoices with the external consultant to identify possible savings and/or exposures relevant to OPTrust.
• Assisting in the analysis of HST exposure and reporting to department management.

Miscellaneous

• Documenting new procedures related to the payment transactions processing functions;
• Assisting with user acceptance testing and systems enhancements related to payment transactions processing;
• Completing the month end bank reconciliations for all operating and entitlement accounts including the related journal entries; providing information to the Treasury Analyst on cash outflows to support cash management functions.
• Performs other duties as assigned.

What you bring

• Post-secondary education, preferably accounting related, with 3 years’ experience in payment transactions processing in finance.
• Working towards a professional accounting designation would be an asset.
• Proficiency in Microsoft Word and Excel.
• Proven analytical skills to identify information anomalies and their causes and to perform financial reconciliations.
• Mathematical and analytical skills to ensure accurate processing of payment transactions and the timely completion of month end reconciliations.
• Organization skills to effectively balance multiple tasks and prioritize work.
• Effective oral and written communication skills to provide information, and to discuss and resolve problems with external contacts and internal Finance team members and other OPTrust staff.
• Effective interpersonal skills for working with colleagues to support team goals.
• Knowledge and working experience with key control reconciliations with substantial working experience in a Finance environment.
• Proven professional experience with Concur, Oracle Financials and Oracle Accounts Payable preferred.
• Exemplify OPTrust’s values: collaboration and teamwork, integrity, respect, flexibility, excellence, and continuous improvement.

Please submit your application via Workday by April 4, 2025.