JOB INFORMATION
Requisition ID: 10665
Number of Vacancies: 1
Department: Accounting Services (20001217) - Accounts Payable (30000070)
Salary Information: $106,697.40 -
$133,315.00
Pay Scale Group: 10SA
Employment Type: Regular - Hybrid
Weekly Hours: 35,
Off Days: Saturday & Sunday
Shift: Day
Posted On: January 17, 2025
Last Day to Apply: January 30, 2025
Reports to: Director, Treasury Services
Benefits
The Toronto Transit Commission (TTC), North America's third largest transit system and recognized as one of the top places to work in the GTA has introduced its new 2024-2028 TTC Corporate Plan - Moving Toronto, Connecting Communities which continues the TTC’s legacy of delivering service to hundreds of millions of customers a year. The TTC’s new vision and mission statements also help promote the many environmental, social equity and economic benefits that the TTC provides:
Vision: Moving Toronto towards a more equitable, sustainable, and prosperous future.
Mission: To serve the needs of transit riders by providing a safe, reliable, efficient, and accessible mass public transit service through a seamless integrated network to create access to opportunity for everyone.
The full Plan can
Career Opportunity
We have an great opportunity in our Finance. We are currently hiring for a Manager, Accounts Payable position
What You Will Do
As the Manager, Accounts Payable you will be responsible for providing effective leadership, management and oversight of the Accounts Payable team that performs the financial administration to receive, verify, record, pay and reconcile invoices for TTC’s $1B+ third party spend portfolio on behalf of the Commission.
Monitor and evaluate Accounts Payable’s service performance through key performance indicators, management reports, and quantitative and qualitative analyses that gauge service effectiveness or efficiency to ensure adherence to goals, and identifying and addressing problem areas within the section and/or Commission.
This role acts as a key contact for vendors, proactively identifies, escalates and addresses any major issues with vendors and TTC departments, manages AP staff supporting the year-end financial close process, and manages the systems administration of the main AP system and interfaced systems. In addition, develop and continuously improve policies, processes and controls to ensure payments made by the TTC to its vendors are complete, accurate and timely, and in compliance with contractual obligations and legal agreements.
Support the development of a multi-year Departmental business plan, detailed strategic goals and objectives, operating and capital budgets, and monitor to ensure compliance with approved budgets, organizational policies and the TTC’s corporate plan and directives
The incumbent must exercise superior analytical and problem solving abilities in order to assess, analyze and effectively interpret large quantities of data and information from a variety of sources to support decision-making, accurate reporting, strategic controls, policies and plans. Work closely with other TTC departments to build understanding, buy-in and compliance with any changes to the invoice payment process.
As well, work with Procurement & Category Management (PCM), Materials Management (MM) and/or ITS personnel to analyze potential changes to any AP, PCM or MM policies, procedures or systems that may impact the integrated functionality of purchasing, receipt and payment. Ensure their implementation does not compromise compliance with generally accepted accounting principles, related policies and regulations, or the efficiency and effectiveness of AP operations
In addition to the above, you will support diversity, inclusion, and a respectful work and service environment that is free from discrimination and harassment. Help to remove barriers and accommodate employees and customers (within their area of responsibility) in accordance with TTC’s commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC’s policies. This includes other duties as required and the participation in the TTC’s Customer Service Ambassador Program.
What Qualifications Do You Bring?
- Post-secondary degree in Business Administration, Accounting, Finance, Commerce, Economics or a related discipline, or a combination of education, training, and experience deemed to be equivalent
- Considerable experience preparing financial reports and presentations, and analyzing, interpreting and summarizing information to present and support strategic and financial decision making
- Sound working knowledge of and experience with automated financial systems, preferably for Accounts Payable
- Sound working knowledge of and experience with customs regulations, inventory accounting and other pertinent practices and accounting procedures relevant to the Accounts Payable function
- Demonstrated work experience with SAP is preferred
- A recognized CPA, MBA or equivalent designation is an asset
- Knowledge of and experience with Public Sector Accounting Standards is an asset
- Working knowledge of and experience with the Commission’s AP systems and interfaces is an asset
- Sound knowledge of generally accepted accounting principles and practices combined with a good knowledge of business administration concepts and practices
- Familiarity with budgeting concepts and practices
- Proven ability to manage and motivate staff, and effectively coordinate the efforts of others to accomplish objectives
- Ability to develop effective relationships both internally and externally, with staff at all levels, especially with senior leaders, and other levels of government, external organizations, and the public
- Ability to create innovative solutions to operational and administrative challenges and develop and implement recommendations for improvements to existing policies, programs, and processes
- Excellent strategic thinking, lateral thinking, planning, analytical, and problem solving skills with the capacity to effectively plan, develop, implement and evaluate complex administrative and operating systems
- Expert knowledge in MS Excel, PowerPoint and Word
- Knowledge of project management methodologies and experience managing projects of various sizes
- Proven track record of developing high-performing teams, including coaching, mentoring and providing business, financial and technical guidance to staff
- Proven excellent written and verbal communication skills, including delivering presentations with complex technical information to senior leadership teams
- Ability to manage competing priorities and demands in a rapidly changing environment
- Proven ability to act in an ethical and transparent manner, in compliance with corporate code of conduct
- Knowledge of relevant employment legislation including Employment Standards Act, Human Rights Act, Occupational Health and Safety Act
- Understanding of the requirements of the Accessibility for Ontarians with Disabilities Act.
What Skills DO You Bring?
Apply accounting principles and practices
Assess and manage corporate risk
Counsel, advise, and coach in the relevant discipline
Demonstrate appropriate and effective interpersonal communications through various media
Demonstrate knowledge of the industry and / or sector
Manage human resources
Plan and organize activities / projects to meet section and organizational goals
Understand and apply relevant laws and regulations
Use office technology, software and applications
What We Offer
- Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
- A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
- One of the great benefits of being a full-time TTC employee is becoming a member of TTC defined pension plan.
- A comprehensive package that covers health, dental, vision and more.
- Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being.
Commitment to EDI
The TTC is committed to upholding the values of equity, diversity, anti-racism, and inclusion in the delivery of its services and in its workplaces. The TTC is committed to fostering a diverse workforce that is representative of the communities it serves at all levels of the organization and supports an inclusive environment where diverse employee and community perspectives and experiences bring value to the organization. The TTC encourages applications from all applicants, including members of groups with historical and/or current barriers to equity, including but not limited to, Indigenous, Black, and racialized groups, people with disabilities, women, and people from the LGBTQIA+ community. The TTC values and supports an inclusive and barrier-free recruitment and selection process. Accommodations for applicants are available upon request throughout the recruitment and selection process, including for those who identify as having a disability. Please contact Talent Management at (416) 393-4570. Any information received related to an accommodation will be addressed confidentially.
The TTC’s policy prohibits relatives of current TTC employees from being hired, assigned, transferred or promoted into positions, where there is a conflict of interest due to a relationship. Should you be selected for an interview, you will be required to disclose the name, relationship and position of any relative who is a current TTC employee.
We thank all applicants for their interest but advise only those selected for an interview will be contacted.
