Banking And Accounts Payable Supervisor

Fengate is seeking a Banking and Accounts Payable Supervisor, Real Estate to join their growing Development Finance Team. Under the direction of the Senior Manager of Finance and working closely with other members of the Real Estate Finance and Development teams, the successful candidate will be accountable for the accounts payable cycle and banking management of the Development properties portfolio.

The successful candidate will be a self-starter that enjoys working in a fast-paced environment, has a strong commitment to deadlines and the team, is detail and process oriented with a high sense of ownership in their work, and experience with the end-to-end accounts payable process and banking initiations, navigating through an ERP and payables system, and excellent management skills.

Key Responsibilities:

• Review monthly cash reports for over 30 development properties ensuring efficient cash before payment release.
• Leading process improvements within the Accounts Payable department and creating synergies across Development Projects and Income Producing Projects
• Ensure the strict confidentiality/ privacy of records of organization and its business partners.
• Prepare/fill out payments to third parties, by cash, check, credit, and other forms of payment.
• Lead the best-in-class AP controls around vendor and invoice processing throughout various workflows and ensure all approvals are completed within the Yardi
• Prepare the documentation to opening and closing new bank accounts
• Investigate and resolve billing discrepancies or misapplied cash transactions.
• Helps foster a collaborative environment open to changes through streamlining efficiencies
• Review all credit balances, refunds, and adjustments, and apply adjustments and/or corrections to corporate billing records.
• Setting up vendors on EFT / along with updating remittance addresses, adding new vendors and completing EFT tests, bank accounts for Yardi BillPay through EFT and Cheque printing
• Lead processes that optimize the automation functionality of the payment and procurement cycle in Yardi including various approval workflows
• Set up bank accounts in Yardi and do appropriate testing prior to releasing cash
• Processing invoices, corresponding with vendors for revised invoices (billing name issues) as required and providing payment updates and remittance details as requested
• Monitor authority to sign cheques and other payment and workflow controls
• Collaborate with all departments and vendors to maintain collection goals and general A/P performance levels.
• Ad hoc duties as required

Preferred Qualifications and Skill set:

• Strong customer focus with excellent relationship building and a collaborative working style
• A minimum of 4-5 years of experience leading accounts payable in a medium to large organization with attention to detail and a high degree of accuracy
• Strong communication skills, both written and verbal, including the ability to communicate effectively with all levels of the organization
• Experience with Yardi, or more generally the real estate and/or property management space is an asset
• Basic knowledge of accounting systems, budgets, and internal controls
• Bachelor’s degree in Accounting, Finance, or other is preferred
• Demonstrates the highest level of ethics and personal integrity

Core Fengate Competencies:

• Problem Solving and Decision Making: You recognize challenges and opportunities and determine whether action is needed and prioritize situation in terms of impact.
• Communication: Clear, concise and directly communicate ideas, information and directions both verbally and in writing.
• Business Focus and Strategic Thinking: You display an understanding of Fengate’s as well as the investment project’s business and strategy. You recognize and reinforce how Fengate differentiates itself in the marketplace.
• Driving for Results: You take initiative to manage your work and performance and do not require close supervision. You consistently produce high quality output.
• Teamwork and Collaboration: You are approachable and supportive of team members and go above and beyond normal duties to make the team and Fengate successful. You actively participate in team activities and projects.

Location & Travel:

The position will be based out of the Oakville office with occasional travel to the Toronto office. Fengate offers a Work-Flex policy where employees are allowed to work remotely up to 3 days per week. The successful candidate will start as soon as possible.

We are committed to providing accommodations for persons with disabilities. If you require accommodation, we will work with you to meet your needs.

We thank all applicants for their interest in this position; however only candidates selected for an interview will be contacted.