Senior Manager, Accounting Operations POST NUMBER: 476935

About the Company
Our client is looking for a Senior Manager, Accounting Operations to join their team!

Why Work Here

• Competitive Salary
• Supportive team, culture
• RRSP
• Vacation : 3 weeks

About the Opportunity

• Monitor cash balances and intercompany transfers to ensure adequate liquidity.
• Identify opportunities to optimize working capital and reduce idle cash.
• Coordinate cash flow planning and payment scheduling for recurring obligations, including leases or other financing arrangements.
• Oversee banking controls, including dual approvals, stop payments, void cheques, and resolution of returned items.
• Administer positive pay and ensure timely reporting of exceptions to prevent fraudulent disbursements.
• Oversee payment execution for approved invoices, ensuring all disbursements comply with approval hierarchies and funding availability.
• Review payment batches prepared by the A/P team, ensuring segregation of duties between payment processing and payment release.
• Ensure compliance with internal control policies and audit requirements for payment processing.
• Support review of vendor master data and assist with fraud prevention procedures.
• Supervise and provide direction to the Cash Application Specialists to ensure timely and accurate posting of customer payments.
• Monitor unapplied cash and coordinate with Billing and Collections for resolution.
• Review daily deposit reconciliations and ensure completeness of cash receipts reporting.
• Prepare monthly cash management reports summarizing cash positions and forecasts, providing management with insights into cash flow trends, funding needs, and process improvements.
• Coordinate with Accounting to ensure all bank and credit card reconciliations are completed accurately and timely.
• Manage bank-issued letters of credit, maintaining accurate records and renewal schedules.
• Develop, implement, and maintain treasury policies and procedures, ensuring adherence to segregation of duties and best practices.
• Support internal and external audits by providing required documentation.
• Lead initiatives to automate and streamline cash management, payment processing and banking interfaces.
• Report on KPI’s defined by the leadership team.

About You

• Bachelor’s degree in Business Administration, Finance, Accounting or a related field.
• CPA designation or progress toward CPA preferred.
• 5 years of progressive experience in Cash Management, Treasury, Accounts Payable, or related financial operations, with demonstrated experience in process improvement or transformation environments.
• Strong understanding of cash management, banking controls, and payment systems.
• Experience supervising staff in Accounts Payable and/or Cash Application functions.
• Experience with Sage Intacc
• Knowledge of automated payment and lockbox solutions preferred.
• Strong analytical and problem-solving skills; ability to interpret and present financial data clearly.
• Attention to detail, with a strong focus on accuracy and compliance.
• Proficiency in Microsoft Excel and ability to analyze large data sets.
• Positive attitude and adaptable to change within a rapidly growing organization.

Salary Range
$120,000 - $140,000 / year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. 
When referencing this job, quote #476935

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.