• Job Description

  Req#: 9462

  Accounts Receivable Lead

  
  Take a central role

  The Bank of Canada has a vision to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.

  
  Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.

  
  With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers: Working Here - Bank of Canada

  Find out more about the next steps in our Recruitment process.

  Did you know?
  This position is responsible for the design and service delivery of account receivables processes required under the Retail Payments Supervision (RPS) Program, a new mandate under which the Bank of Canada supervises payment service providers’ (PSP) compliance with operational and financial requirements and maintain a public registry of regulated PSPs. The Program is currently scheduled to go live in mid-2024. The incumbent will have opportunities to build and evolve applicable programs/functions and implement improvements to the corporate payments landscape.

  What you will do
  As the Accounts Receivable Lead, you will act as a Bank subject matter expert in the corporate payments function specific to accounts receivables and work with the senior manager of Corporate Payments and Travel team to establish this function. You will develop and continuously update procedures and policies to ensure they remain current and relevant with the industry developments and the Bank’s internal environment evolution. You will lead the creation of accounts receivable processes needed to support the Bank’s ability to levy fees and penalties on PSPs under the Program.

  This role is critical to the implementation of standardized, streamlined, and transparent processes, that appropriately leverage the Bank’s systems and technology.

  You will participate in small to medium projects related to accounts payable and receivable, including collaborating with IT on systems-related changes and improvements. You will build and manage relationships with third-party providers/clients and internal stakeholders for the relevant services and products as well as manage applicable contracts.

  What you need to succeed
  We are looking for a self-starter who is dynamic and has a strategic mindset. The ideal candidate is someone who has strong relationship building and management skills as well as contract management and negotiation skills. You have a solid knowledge of accounts receivable, accounts payable, and the corporate payments industry, as well as excellent writing skills specifically in policy development, reports, recommendations, and briefing notes.

  You demonstrate problem solving, solution seeking, and change management skills and you also possess solid accounting skills and knowledge of sales tax rules, as well as researching, benchmarking and staying current with the industry developments.

  Nice-to-have

  • Change Management, Facilitation, Project Management, Business Analysis certifications
  • Knowledge in Service Management best practices
  • Knowledge and/or experience working with SAP
  • CPA designation

  Your education and experience
  This position requires a University degree in accounting, commerce or finance or the equivalent in education and a minimum of 5 years of relevant work experience in roles with increased responsibilities in Accounts Receivable functions

  What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Be eligible to obtain Reliability
  • Relocation assistance may be provided, if required
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

  Hybrid Work Model #LI-Hybrid

  The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

  What you can expect from us
  This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.

  • Salaries are based on qualifications and experience and typically range from $83,500 to $98,235 (job grade 16)
  • The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers performance pay for those who exceed expectations (10% of your base salary).. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
  • Flexible and comprehensive benefits so you can choose the level of health, dental disability and life and/or accident insurance coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Indexed, defined-benefit pension #LI-POST

  We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

• About the company

  The Bank of Canada is the nation’s central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada’s monetary policy, bank notes, financial system, and funds management. Our princi...

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