Posting ID: 29393
Position Type: Regular
City: Vancouver, BC, Canada
Location: Vancouver H/O - Canfor Corp_1060
As the Manager, Accounts Payable you'll play an integral part of Canfor's Finance team, responsible for overseeing the accounts' payable function. Through management of the Accounts Payable team, their work improves vendor engagement and adoption of digital invoicing, as well as ensuring prompt digital payment, contributing to a positive vendor relationship and a stronger supply chain. The role demands a highly organized leader who can manage complex and compliant financial transactions, lead a diverse team across multiple regions, and prioritize the stakeholder relationships.
This role can be based out of either our Vancouver Head Office or Canfor Administration Centre in Prince George, BC.A day in the life of the Manager, Accounts Payable includes:Accounts Payable Operations- Manage the end-to-end accounts payable process with an outflow of $50 million weekly, ensuring timely and accurate processing of invoices and payments.
- Develop and implement accounts payable policies and procedures to enhance efficiency and compliance.
- Oversee vendor issue management and ensure timely resolution of discrepancies.
- Ensure adherence to payment terms and optimize cash flow management through effective payment version management and discount capture.
- Coordinate with internal departments to streamline the procurement-to-payment process.
- Monitor performance of Coupa and Symbeo queues to evaluate team effectiveness.
Team Leadership - Lead, mentor, and develop a global team of 5 accounts payable professionals.
- Foster a collaborative and inclusive team environment that promotes professional growth and high performance.
- Conduct regular performance reviews, set goals, and provide feedback to team members.
- Ensure adequate training and resources are available to the team to meet the demands of the role.
Compliance and Risk Management- Ensure compliance with local, national, and international standards and regulations.
- Maintain and oversee the compliance with internal controls to safeguard company assets and prevent fraud.
- Oversee training of accounts payable team to ensure strict compliance to controls.
- As the owner of Accounts Payable processes and procedures, ensure documents are periodically reviewed for accuracy, and updated on demand as required.
- Collaborate with Accounts Payable "Team" to ensure audits are completed and outcomes or actions communicated to stakeholders.
- Collaborate with Corporate accounting and taxation teams when audits are required.
Vendor Relationship Management- Oversee the maintenance of strong relationships with key vendors and suppliers.
- Oversee the resolution of any vendor inquiries or disputes in a timely manner.
- Collaborate with the procurement team to ensure alignment on vendor strategies.
- Oversight of the vendor maintenance process and procedures.
Financial Reporting and Analysis- Analyze accounts payable reports to identify trends, minimize risks of duplicate payment, and identify opportunities for improvement.
- Support the financial planning and budgeting process by providing accurate accounts payable estimates to Canfor's Finance leadership and Treasury teams.
- Ensure timely and accurate month-end and year-end closing activities for the accounts payable function.
Technology and Process Improvement- Leverage technology to automate and enhance accounts payable processes.
- Identify and implement process improvements to increase efficiency and reduce costs.
- Stay current with industry best practices and emerging trends in accounts payable management.
- Collaborate with Manager, Finance Transformation, Finance - Business Intelligence and IT to integrate systems and increase automation.
- Support and oversee the Accounts Payable portion of the EAM / Hexagon project in both US and Canadian implementation.
- Oversee the Digital Payments campaign and vendor conversion to direct deposit payments.
- Oversee the alignment of AP processes across Canadian and US AP.
For this role, you'll come equipped with:- Post secondary education in Accounting, Finance, Business Administration, or a related equivalent field. A professional certification (e.g., CPA, CMA) is an asset.
- 8-10 years of experience in accounts payable, with 3-5 years in a people-management role
- Proven experience managing accounts payable functions in a large, multi-national corporation with high payment volumes.
- Knowledge of accounting practices, especially as it relates to Accounts Payable
- Proficiency in financial software and ERP systems (e.g., JDE, Oracle)
- Experience with Coupa or EAM/Hexagon is preferred
- Proficient in MS Excel, and other MS Office applications; experience with MS Power Platforms applications is an asset
- Excellent leadership and team management skills
- Experience with building relationships across diverse stakeholder groups
- Strong communication and interpersonal skills
- Outstanding analytical and problem-solving abilities
- Ability to work effectively in a fast-paced, dynamic environment
- Growth mindset / embracing of change
The salary range for this position is: $90,300.00-$129,000.00
Please Note: The range provided is for base salary only. In addition to base salary, Canfor proudly offers its employees a comprehensive and competitive total rewards package. It features programs such as performance-based incentive plans, recognition programs, benefits, paid leaves, pension plans with base and matching contributions, savings options and robust health & well-being initiatives. We also continually invest in the development of our talent to help them thrive professionally and personally. Above all, we are proud to offer our employees a value proposition that promotes diversity, equity and inclusion and fosters an environment where talent and performance is recognized and rewarded.
