Accountants Receivable / Payable Specialist

Accountants Receivable / Payable Specialist

Company
HSB Canada
Location
Toronto, Canada

Driven by technology and fueled by innovation, HSB is Canada’s premier specialty insurance and applied technology services provider. Offering 150 years of technical and service excellence, we are focusing on emerging trends and unlocking new opportunities for clients. Today, we are accelerating, changing the future of insurance and risk solutions for a modern world.

At HSB, we value the strengths and contributions of our diverse workforce. We offer continuous learning opportunities, giving you flexibility to grow in your career while enjoying a healthy work-life balance and a collaborative approach in our coast-to-coast network of offices. Become part of a rewarding and impactful experience while seeing first-hand technologies and risk solutions that are changing the way we live and work.

Primary Objectives:
Under the direction of the Manager Liquidity and Reporting, the Accounts Receivable / Payable Specialist is responsible for managing the Accounts Receivable for a group of brokers and client companies. This role provides administrative support through the tracking, payment, reconciliation, and analysis of accounts payables, including report generation and general A/P and A/R administration. The Accounts Receivable / Payable Specialist prepares disbursements from approved source documents and creates a variety of standard and customized reports using spreadsheets, databases, and accounting software.

Job Responsibilities:

Accounts Receivable

1. Manage the cash collection of a group of brokers and client companies.
2. Monitor and record receipts from brokers and client companies, ensuring any cash application issues are escalated for quick resolution.
3. Generate monthly aging reports and manage distribution thereof.
4. Prepare monthly and quarterly account reconciliations.
5. Generate monthly aging reports from various systems.

Accounts Payable

1. Review purchase documentation for completeness and compliance with policies and procedures, process disbursements for appropriate vendors, suppliers, and other external parties.
2. Monitor account statements and liaise with business units and vendors to address inquiries and resolve account discrepancies.
3. Match purchase orders with supplier invoices, verifying pricing and quantities against receiving information.
4. Prepare monthly accruals and other journal entries, and perform account reconciliations and financial analysis for AP and other applicable accounts.
5. Manage the weekly disbursements (i.e., payments by cheque, wire transfer, and ACH).
6. Review and post supplier invoices in the accounting system on a daily basis.

Qualifications:

1. 3-5 years of previous Accounts Payable or Accounts Receivable experience, or equivalent, is required.
2. Highly proficient in MS Excel with advanced knowledge and experience with formulas and functions such as pivot tables and VLOOKUP.
3. Strong written and verbal communication skills.
4. Well-organized with a proven ability to work independently, escalate issues when appropriate, and proactively identify issues which may cause processing delays.
5. Ability to deal with individuals at all levels in an organization with professionalism and efficiency using appropriate communication for critical and time-sensitive issues.

Creating and maintaining a work environment that promotes respect, diversity, and dignity is important to us. We strive for equality in our workplace, to eliminate employment barriers, and promote a workplace based on principles which align with our company values and promote positive employee practices. Candidates requiring accommodation during any stage of our selection process should advise us; we will strive to work with individuals to find a suitable means to meet their needs.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.