Accounts Payable Accountant NEW

Job title: Accounts Payable Accountant

Company: University of Toronto

Job description: Date Posted: 07/11/2025
Req ID: 44224
Faculty/Division: Office of the Chief Financial Officer
Department: Accounting-Comptroller Ofc
Campus: St. George (Downtown Toronto)
Position Number: 00052381Description:About Us:Financial Services is a department within the Chief Financial Officer portfolio which supports the academic goals and objectives of the University through excellent financial management, and effective and appropriate use of all financial resources (operating, research, trust and capital funds). The University’s decentralized management model places financial management responsibility within every division of the University as well as within Financial Services. The major long-term priorities for the office includes:

• to meet legislative, regulatory and reporting requirements for financial activities;
• to direct and manage key activities with the external financial community on behalf of the University (e.g. banking, debt);
• to efficiently and effectively deliver core services to divisions that, for internal control and other reasons, must be provided centrally (e.g. cheque production, student fees).

Your Opportunity:The Accounts Payable Accountant is responsible for responding to all departmental and vendor inquiries as well as system testing when required. The incumbent will process cheques, EFT payments and wire payments; review and manage the flow of documents for electronic payments. Other responsibilities include the following: generating standard reports using SAP; processing adjusting entries for accounts payable transactions, debit memos, bank deposits, accountable advances and other standard documents using SAP; processing the opening and closing of petty cash, cash floats and imprest accounts; reconciling Accounts Payable general ledger balances; setting up new non-commercial vendor accounts as required by departments. Perform system testing when required. Collecting audit evidence for transactions identified by external auditors as part of year-end process.Duties and Responsibilities:

• Processing accounts payable (cheques, foreign drafts, EFT and wire payments) according to the University Guide to Financial Management.
• Responding to enquiries within the defined scope of the role and redirecting as appropriate.
• Checking that proper approvals are obtained prior to processing transactions.
• Verifying the completeness of documents and supporting documentation is attached to financial records before processing in FIS.
• Reconciling accounts.
• Handling sensitive and/or confidential information.
• Generating standard financial reports.
• Maintaining and updating the Accounts Payable manual and procedural documentation.
• Performing system testing of critical Accounts Payable functions based on Accounting Services Testing Checklist at minimum on an annual basis.
• Keeping well-informed on University programs, policies and procedures.
• Serving as a resource to others by providing (non-supervisory) job-related guidance.
• Collecting audit evidence for transactions identified by external auditors as part of year-end journal entry testing procedures.

Education:Completed advanced 3 year college diploma in a recognized accounting program and/or an acceptable combination of education and accounting experience.Experience:Minimum three years accounting experience in multi function large volume payment processing and/or payment generation function. Demonstrated experience performing accounts payable functions in an organization with large volume of transactions. Demonstrated experience and knowledge of policies and procedures with processing online EFT and wire payments, including international wire transfers and its requirements. Experience in performing accounting adjustments and journal entries; responding to inquiries. A thorough knowledge of the applicable sections of the Guide to Financial Management and SAP is an asset.Skills:Intermediate skills and abilities in standard office technology including Microsoft Excel, Outlook and Word. Accurate data entry skills. Excellent verbal and written communication skills; strong organization skills. Strong problem solving skills. Demonstrated exceptional attention to detail and high degree of accuracy.NOTE: This is a term position until September 2026, overtime may be required.Closing Date: 07/25/2025, 11:59PM ET
Employee Group: USW
Appointment Type: Budget – Term
Schedule: Full-Time NOTE: This is a term position until September 2026, overtime may be required.
Pay Scale Group & Hiring Zone:
USW Pay Band 10 — $70,844. with an annual step progression to a maximum of $90,595. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation/Pay Equity Maintenance Protocol.
Job Category: Finance/Budget/Planning/Audit
Recruiter: Blythe CampbellLived Experience Statement
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience shall be taken into consideration as applicable to the posted position.Diversity StatementThe University of Toronto embraces Diversity and is building a culture of belonging that increases our capacity to effectively address and serve the interests of our global community. We strongly encourage applications from Indigenous Peoples, Black and racialized persons, women, persons with disabilities, and people of diverse sexual and gender identities. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences, and expertise are essential to strengthening our academic mission.As part of your application, you will be asked to complete a brief Diversity Survey. This survey is voluntary. Any information directly related to you is confidential and cannot be accessed by search committees or human resources staff. Results will be aggregated for institutional planning purposes. For more information, please see .Accessibility StatementThe University strives to be an equitable and inclusive community, and proactively seeks to increase diversity among its community members. Our values regarding equity and diversity are linked with our unwavering commitment to excellence in the pursuit of our academic mission.The University is committed to the principles of the Accessibility for Ontarians with Disabilities Act (AODA). As such, we strive to make our recruitment, assessment and selection processes as accessible as possible and provide accommodations as required for applicants with disabilities.If you require any accommodations at any point during the application and hiring process, please contact .

Expected salary:

Location: Toronto, ON

Job date: Sun, 13 Jul 2025 04:54:41 GMT

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