Ap And Ar Supervisor

About the Company

Canada Royal Milk is the only producer of infant formula in Canada, manufacturing quality products from Canadian cow and goat milk, ensuring the highest quality and nutritional value for our customers.

We are a company with a multicultural workforce that is committed to diversity and inclusion. Our team members value and embrace different perspectives and new ideas.

What We Offer

The opportunity to build and grow a progressive company, competitive wages, and extended health benefits.

What We Look For

Curiosity, commitment to learning, and a winning mindset.

About the Role

Reporting to the CFO, the AP and AR Supervisor is responsible for accounts payable/receivable and related functions and building and maintaining positive relationships with both internal and external clients.

The AP and AR Supervisor is responsible for supervising the AP and AR team. This includes maintaining ledgers, credit balances, and account irregularities. The AP and AR Supervisor ensures the timely and accurate processing of payment documents and any other accounting transactions related to accounts payable and receivable management.

Excellent written and verbal communication skills and a strong client service orientation are required for this role.

Job Requirements

Applicants must be legally entitled to work in Canada and have strong English language skills. The ability to read and understand written English and communicate in English both spoken and in writing is a requirement of the job.

Related University degree or College Diploma in Finance or Accounting.

Obtained or working towards obtaining CPA designation.

• 3+ years of professional accounting experience in a manufacturing environment, food manufacturing experience is an asset

Key Duties and Responsibilities

1. Initiate and maintain regular communication with vendors and suppliers. Manage credit applications for both vendors and customers, providing any necessary information required by the vendors to evaluate creditworthiness.

2. Credit application management: Oversee entire customer credit application process; review credit scores and determine appropriate payment cycles based on their creditworthiness. Ensure fair and consistent credit terms are established for each customer; all documents are complete and accurate. Maintain a well-organized system for filing credit applications for future reference and audit purposes.

3. Acts in compliance with internal controls and IFRS at all times

4. Manages the day-to-day accounting operations of the department involving operating processes and procedures, including ERP optimization.

5. Maintains organized electronic and hard copy financial files for the company and adhere to internal and external audit policies. Maintain confidentiality of all data. Maintains an accurate and complete trail of supporting documentation, and complete and systematic filing system. Each month ensure all journals have been printed and approved with supporting documentation and filed appropriately. Each month ensure all balance sheet account reconciliations have been prepared by the designated employees, and printed and approved, and filed appropriately. Ensure document retention procedures are properly followed.

6. Exert care and control over assets, record and establish procedures for safeguarding.

7. Supports ad hoc projects and assignments as assigned, e.g. find solution for cheques for deposit from CRA which have wrong payee name.

8. Improves and implement internal accounting processes. Review, development and implementation of administrative and financial policy, procedure, and guidelines for the company

9. Coordinates for head office report requests, monthly and quarterly, interim, and annual financial reports including journal entries and accruals to ensure accuracy and compliance with IFRS Prepares production reports for head office

10. Prepares balance sheets account reconciliations for assigned accounts and review sheets from other accountants, makes sure all accounts are adjusted

11. Be responsible for monthly ending closing based on head office’s requirements

12. Maintains year-end working papers and spreadsheets and assist with preparation for any audits or independent reviews, with support from the Finance team. Prepares monthly financial statement

13. Maintains and administers cost accounting system. Plans, studies, and collects data to determine cost of business activities such as raw material purchases, inventory, labour, and overhead. Prepares detailed cost, sales, and inventory reconciliation.

14. Participates in working group with other departments to determine information to be entered into MUV (DFO) system. Enters data into the MUV system and seeks approval for submission from Accounting Manager

15. Avoids IPO risk, submits various data information in a timely manner and ensuring their accuracy and consistency

16. Provides guidance to junior finance department employees as needed.

17. Other duties may be assigned.

Working Conditions

The standard office hours are Monday through Friday, 8:30 am to 5:30 pm. Most of the work occurs during regular weekday office hours. However, as an international company with frequent interaction with head office, hours of work involved may vary to accommodate differences in time zones. Flexible hours are required and may include evening and week-end hours.

This job operates in office and food manufacturing setting. Travel may be required, both within Canada and internationally.

Covid-19 Vaccination Policy

The health and safety of our employees and customers is a top priority for Canada Royal Milk. Therefore, applicants will only be considered who are fully vaccinated, subject to human rights considerations and recognized medical exemptions.

Commitment to Diversity & Inclusion

We strive to build a team that reflects the diversity of the community we work in and encourage applications from traditionally underrepresented groups such as women, visible minorities, Indigenous peoples, people identifying as 2SLGBTQI, veterans, and people with disabilities.

If we can make this easier through accommodation in the recruitment process, please contact us at careers@canadaroyalmilk.com.

Job Type: Full-time

Benefits:

• Casual dress
• Company events
• Company pension
• Dental care
• Disability insurance
• Employee assistance program
• Extended health care
• Life insurance
• On-site parking
• Paid time off
• Relocation assistance
• RRSP match
• Vision care

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Kingston, ON: reliably commute or plan to relocate before starting work (required)

Experience:

• Accounting: 3 years (preferred)

Work Location: In person