Accounts Payable Accountant

Description:

About us:

Accounts Payable operates within Financial Services under the Chief Financial Officer (CFO)portfolio at the University of Toronto. The team supports the University’s academic mission through effective financial stewardship within a decentralized financial management framework.

Working closely with the University community, Accounts Payable delivers core financial services, ensuring accurate, efficient, and policy-compliant payment processes while providing guidance on related procedures.

Financial Services is committed to:

• Meeting legislative, regulatory, and reporting requirements
• Managing relationships with external financial partners
• Delivering efficient, centralized financial services across the University

Reporting to the Accounts Payable Supervisor, the Accounts Payable Accountant is responsible for processing payments (cheques, foreign drafts, EFTs, expense reimbursements and wire transfers) for the university community. The role includes responding to departmental and vendor inquiries, supporting system testing, managing electronic payment documentation, and generating SAP reports.

Additional responsibilities include processing journal entries and accounting adjustments (e.g., bank deposits, cash advances, and related transactions); managing the opening and closing of petty cash, cash floats, and Imprest/chequing accounts; reconciling Accounts Payable general ledger balances; and setting up non-commercial vendor accounts as required. The role also involves supporting year end activities, collecting required documentation for transactions identified by external auditors and various finance and process improvement projects.

Duties and Responsibilities:

• Process accounts payable transactions (cheques, foreign drafts, EFTs, expense reimbursements and wire payments) in accordance with the University Guide to Financial Management (GTFM)
• Respond to inquiries within the scope of the role and redirect as appropriate
• Verify appropriate approvals are obtained prior to processing transactions
• Ensure completeness and accuracy of documentation before processing in FIS
• Reconcile accounts and investigate discrepancies as required
• Handle sensitive and confidential information with discretion
• Generate standard financial reports from SAP
Remain current on the University’s programs, policies, and procedures
• Respond to AP inquiries from the university community, and provide ongoing guidance relating to AP payment processes (such as wire payments)
• Support year-end audit activities by collecting documentation for AP transactions identified by external auditors, including journal entry testing
• Maintain and update Accounts Payable procedures and documentation
• Perform system testing of critical Accounts Payable functions in accordance with the Accounting Services Testing Checklist (at minimum annually)

Qualifications:

• Completed advanced three-year college diploma in a recognized accounting program and/or an acceptable combination of education and accounting experience.
• Minimum three years’ accounting experience in high-volume, multi-function payment processing and/or payment generation within a university environment.
• Demonstrated experience performing accounts payable functions within a centralized finance office with a large volume of transactions.
• Strong knowledge of policies and procedures related to Accounts Payable function and applicable sections of the University Guide to Financial Management.
• Proven experience with processing EFT, cheques and international wire payments.
• Experience in performing accounting adjustments and journal entry postings in SAP. Proficiency in SAP is required.
• Intermediate skills and abilities in standard office technology including Microsoft Excel, Word, Outlook and SharePoint.
• 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.

To be successful in this role you will be:

• Accountable
• Communicator
• Organized
• Problem solver

NOTE: This is a one (1) year term position.  Some overtime may be required.

Closing Date: 09/03/2026, 11:59PM ET
Employee Group: USW 
Appointment Type : Budget - Term 
Schedule: Full-Time 
NOTE: This is a one (1) year term position.  Some overtime may be required.
Pay Scale Group & Hiring Zone:
USW Pay Band 10 -- $72,119. with an annual step progression to a maximum of $92,226. 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 Campbell

Lived 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.

Job descriptions are available upon request for internal applicants.