Manager, Accounts Payable, Accounts Receivable, Travel and Tax

Employment type: Full-time
City: Ottawa - Gatineau
Last visit: 2014-10-27
Author's ads: 1

Posted: 2014-10-27


About Us

Imagine yourself part of a team of bright, dedicated professionals whose vision and talent are brought to bear on the challenges of our day. Imagine yourself playing a central role in the economic well-being of all Canadians. Imagine yourself at the Bank of Canada. There are a variety of positions available within the Bank in various disciplines. And no matter your area of expertise, you'll enjoy a superior work environment that will challenge, energize and motivate you to be the very best.

Job Description

Manager, Accounts Payable, Accounts Receivable, Travel and Tax


Position Type: Term, until April 2016, with the possibility of extension


(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $70,746 and $83,231* (job grade 16

*Where the Bank has needs for specialized skills, it may offer higher cash compensation to exceptional candidates.

Take a Central Role at the Bank of Canada:

Canada's central bank is the nation's pre-eminent macroeconomic policy institution. No other employer in the country offers you the unique opportunity to work at the very centre of Canada's economy, in an organization with significant impact on the economic and financial well-being of all Canadians. No matter what your area of expertise, you'll enjoy an open culture and a superior work environment that will challenge, energize, and motivate you to excel. (More info)

Job Summary*:

Under the general direction of the Assistant Director of Accounting Operations, this position is responsible for managing the Accounts Payable, Accounts Receivable, and Travel and Tax functions.

The incumbent is responsible for providing leadership in the management and control of the collection and disbursement of more than $500 million annually in public funds, ensuring that appropriate due diligence and oversight are applied throughout the cycle, including the mitigation of any potential for malfeasance at all stages. Given the levels of business and systems integration, the role applies an integrative approach in developing policies, procedures and guidance, while providing on-the-ground strategic leadership, advice and counsel in the management of the Bank's operational cash flows.

Central Responsibilities:

lead the Bank's business unit for all payment processing of vendor payments, external receivables and recoveries, employee reimbursements, mutilated notes and unclaimed balances payments, domestically and internationally, in a manner that achieves optimal efficiency and effectiveness

direct the approval and processing of some $500 million in annual payments and up to $25 million in annual recoveries, managing some 18,000 vendor invoices, 12,000 employee claims, 5,000 unclaimed balances and mutilated note payments, both manual and automated, through the Bank and through other commercial financial institutions, using a variety of payment and receipt methods

establish policies and guidelines on the effective and efficient management of financial and contractual obligations with minimal operational, financial and reputational risk, while ensuring that legislative compliance and external reporting requirements are effectively met

develop and disseminate policies and procedures providing guidance to staff and managers on prudent and appropriate behaviour relating to travel and employee expenditures, and monitor and direct compliance with these policies, procedures and guidelines

monitor and research new tax legislation requirements and ensure their appropriate application on both outgoing payments and incoming recoveries and revenues, as well as oversee the compliance under each of the different tax authorities and regimes

collaborate and lead discussions with executives, directors and managers Bank-wide on vendor relationships, taxes, travel, legislative obligations, as well as the collection of funds owed to and by the Bank

as the Bank's resident expert on travel and employee reimbursements, monitor developments in both the public and private sector, as well as their broad application internally to ensure the program's integrity and the consistency of its application in a manner that mitigates the associated reputational risks

collaborate and integrate business and system requirements with other operational units (Funds Management and Banking, Currency, Information Technology Services (ITS Facilities, etc and with internal service providers (Human Resources, ITS, Procurement, Executive and Legal Services, Financial Management) and external clients to identify, recommend and define new methodologies for improved service delivery, as well as to ensure accurate and efficient operations with minimal operational disruption or risk

as the business SAP expert on the Bank's vendor and employee payment systems, provide leadership in the future developments of the systems as well as authorization for implementing new systems and updates affecting the system, either directly or indirectly

is responsible for the Financial Authorities Framework, which represents the Bank's sole key control framework that integrates the management of operational, financial and reputational risk for vendor payments and employee reimbursements

collaborate effectively with external stakeholders to deliver quality customer service at mutually acceptable levels in a timely manner, ensuring that key controls are adhered to while responding to the needs of the Bank as it fulfills its mandate as a public institution

develop a competent, effective team with the requisite skills to deliver on its mandate; foster a positive working environment that motivates staff and consultants jointly to excel and promote collaboration and partnership; support the team's professional development and enable employees to optimize their contribution to the department and the Bank

Key Requirements:

professional accreditation from an accounting institute (Chartered Accountant, Certified Management Accountant or Certified General Accountant)

minimum of ten years of experience in different accounting or financial management roles, preferably as a combination of both private and public sector experience

minimum of five years of management experience


an equivalent combination of education and experience may be considered

in addition:

English and French essential

linguistic requirement: (minimum starting level) functional in second official language (training may be provided to help the selected candidate reach the required level of fully functional)

expert operational knowledge of best practices, common methodologies and legislation related to the administration of services pertaining to accounts receivable and payable

expert knowledge of requirements for financial payment systems and their integration with commercial financial institutions (electronically and manually as well as, on a broader comprehensive level, the financial systems and processes that support and control an organization's cost model

expertise in control frameworks, financial delegation policies, and audit and legal documentation requirements as they relate to expenditure management, processing and authentication/authorization

sound understanding of commodity and related tax regimes levied provincially, federally and internationally through the application of tax treaties

sound professional understanding of contract language, procurement processes and legislation

sound negotiation skills to appropriately manage client relationships while responding to the needs of the Bank in its fulfillment of its mandate as a public institution

expert operational knowledge on employee travel and expense reimbursement best practices, processing requirements and controls, as well as their susceptibility to reputational risk

excellent communication and negotiation skills to navigate sensitive situations with external clients, as well as internally with executives, directors and managers Bank-wide

ability to direct, manage and oversee end-user system enhancements, technical upgrades and testing (SAP with the professional confidence to accept or reject such change proposals regardless of source

ability to manage staff at the quasi-professional and clerical levels

understanding of the Bank's Financial Authorities Framework and other delegation documents related to the pension funds and the commercial banker

knowledge of best practices in the federal government and Crown corporations relating to accounts payable, accounts receivable, and travel and hospitality to implement these practices as appropriate

knowledge of advancements in electronic processing systems to recommend and implement process improvements that make more efficient use of Bank resources

knowledge of methods, techniques, practices and process controls to mitigate potential malfeasance at all stages and levels


Condition of employment: Candidate(s) must be eligible for reliability status.

Priority will be given to Canadian citizens and permanent residents.

There will be no relocation assistance provided for this recruitment action.

Key benefits offered include health and dental care, sick leave and paid vacation.

Only the candidates selected for an interview will be contacted.

The Bank of Canada benefits from the unique perspectives, attributes and talents of its diverse workforce. We offer flexibility to accommodate the needs of our employees and candidates. The Bank of Canada is committed to employment equity and actively encourages applications from qualified men and women, including Aboriginal peoples, persons with disabilities, and members of visible minorities.

We will ask you to complete a mandatory questionnaire during the application process.

Please click here to Apply On-Line.

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A leading central bank - dynamic, engaged, and trusted

Career Level: Experienced

Industry: Accounting and Auditing Services

Job Function: Accounting and Finance