Accounts Payable Payment Analyst

Accounts Payable Payment Analyst

- GRO001226 Primary Location Canada-Ontario-Ajax

Drive your Career!
We love our cars, but it’s the people behind them who make them what they are. To market, sell, and service great cars, we need great people. That’s why at Volkswagen Group Canada, we are passionate about our cars and our brand and foster this same passion and drive in our people. We know that the right people in the right positions can do incredible things, and we love making that happen.

We are currently looking for an Accounts Payable Payment Analyst at our Corporate Offices in Ajax, ON

The VGCA Accounting Shared Services Centre provides essential back office accounting functions for General Ledger, Inventory, Accounts Receivable and Affiliates, Accounts Payable, and Fixed Assets for multiple VW group companies including Volkswagen, Audi, Bentley, Lamborghini, factory production, and electric vehicle infrastructure.

The AP Payment Analyst ensures accurate and timely outgoing payments, in accordance with corporate procedures and policies for all group companies. This includes full monitoring of checks and payment success to the Global Treasury Platform system, reporting and escalating any payment topics.

In addition, the AP Payment Analyst is responsible with ensuring monthly reconciliations are complete and action are taken for all aged and debit balances in the AP Sub-Ledger

**This is a hybrid flex position.**

Responsibilities:

• Execute daily electronic payment and check runs for all accounting shared service companies, in line with internal controls and ensuring accuracy and timeliness.
• Complete sanctioned screening checks for outgoing initiated payments through a Software tool prior to releasing to the Global Treasury Platform System
• Analyze and communicate the weekly funding requirements for electronic payments for the Treasury Departments liquidity planning.
• Monitor, reconcile and clear applicable bank related balance sheet accounts, ensuring accurate financial reporting.
• Prepare, gather necessary approvals, post and submit all manual wire requests & tax payment debits in line with internal control requirements.
• Investigating and re-submitting failed payments in line with internal policies.
• Perform monthly fluctuation analysis of assigned general ledger balance sheet accounts for financial review and audit purposes.
• Act as the Accounts Payable treasury liaison by coordinating, implementing, and communicating all initiatives that impact Accounts Payable
• Complete monthly reconciliation on assigned general ledger accounts
• Prepare monthly aged and debit balance reports for all defined general ledger accounts
• Perform monthly fluctuation analysis of assigned general ledger balance sheet accounts for financial review and audit purposes
• Investigate, analyze, solve problems and reply to all payment-related inquiries in a professional & timely manner.
• Attend and represent any payment related topics in meetings and discussions with Business, Purchasing and Vendors.
• Provide audit samples, present payment related processes for any walkthroughs with internal or external audit, and support with action items where required.
• Ensure that all related process and desk procedure documentation are prepared, tested and maintained.
• Identify and communicate opportunities for process improvement, thus always striving for automated, error free and efficient processes.
• Prepare incentive upload for transfer of pending liabilities for closed dealers to Accounts Receivable for risk management of outstanding balances.
• Monitor and reconcile all outgoing electronic payments to the Global Treasury Platform System, identifying any issues in transmissions that require attention and escalation to Management/IT/Treasury.
• Monitor and action on daily Positive Pay Notifications, ensuring modified or fraudulent checks are detected and declined, as well as reporting to Treasury and the bank for additional investigations
• Process SAP daily batches for Concur expense transactions that error for new employee accounts.
• Other related duties as required

Qualifications:

• Bachelor's degree in accounting and/ or 5 + years of accounting experience
• Ability to identify risk through critical thinking
• Ability to solve problems independently and define creative solutions to issues
• Excellent customer service skills - ability to communicate clearly and professionally.
• Excellent attention to details – ability to accurately process payment and identify any actions required.
• Positive attitude and able to work effectively within team environment.
• Focus on process optimization and improvement
• Proficient knowledge of SAP

What you’ll get in return:

• A flexible and collaborative team dynamic
• Opportunities for development
• Opportunities to participate in exciting company events that give back to the community
• Competitive employer paid benefits and overall compensation package
• And much more!

• Please note that we appreciate the interest of all candidates, however only those under consideration will be contacted.

Volkswagen Group Canada Inc. is committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, family status, gender identity, gender expression, national origin, age, disability or any other characteristic protected by federal, or local laws.
Volkswagen Group Canada Inc. is committed to providing accommodations for people with disabilities during all phases of the hiring process including the application process. If you require an accommodation because of a disability, we will work with you to meet your needs. Applicants need to make their needs known in advance. If you are selected for an interview and require an accommodation, you are encouraged to advise the Recruiter who will consult with you to determine an appropriate accommodation. #LI-Hybrid #LI-MD1