Job Description

Who we are! About Meridian OneCap Meridian OneCap Named Winner of the 2022 ELFA Operations & Technology Excellence Award Meridian OneCap Credit Corp (MOCC) is an equipment and finance company providing a broad range of financial services to businesses throughout Canada. Our parent, Meridian Credit Union, has over 70 years of banking history and is Ontario’s largest credit union.
MOCC (formerly Roynat Lease Finance) is a provider of asset financing in the form of capital leases. We are committed to being the best provider of specialized equipment financing services to strategic vendors across Canada. Our service-oriented culture and exceptional group of professionals serves to provide our strategic partners with value-added service and constructive solutions. Meridian OneCap Credit Corp provides customized leasing solutions both to help companies sell equipment and to companies that have chosen to lease equipment, rather than buy. For manufacturers and vendors, we enable you to provide your customers with a value-added service that helps your customers acquire equipment efficiently and gives your company a competitive edge. And for the end user, we can help you to preserve working capital in your business, while benefiting now from the use of the equipment. Our team is known as industry leaders. We’ve earned our reputation through consistent delivery of financing programs with the most efficient transaction process and superior customer service. With the largest direct sales force within the Canadian market, it’s no wonder our customer service is unparalleled.
About this role: This role is responsible for maintaining the Syndication portfolio general ledger, sub-ledger and trial balance outputs as well as preparing account activity analysis, account reconciliations, management reports and other ad hoc financial analysis as needed to support OneCap Accounting operations. This role will support the Accounting Specialist in their supervisory and functional duties (e.g. SAF program) when absent, and assist in the daily activities of the AR & AP team through the review, analysis and approval of payment processes related to new business vendor/broker fundings, general and administrative costs along with the setup, receipt, application, and adjustment of lease receivables. In addition to executing on these day-to-day activities, the person in this role is expected to be involved in developing new or improved processes to increase efficiency or to align with new internal policies or financial reporting standards. The AP/AR Specialist will become a key point of contact (SME) for members of other business units and provide guidance and support to business units on operational accounting issues as they arise, in particular as it relates to the Syndication portfolio.
Key Responsibilities This role is responsible for Accounts Receivable (A/R) and Accounts Payable (A/P) duties related to the Syndication portfolio, including:

• Development of Syndication-specific procedures and processes to ensure the flow of information and receivables/payables supports the portfolio
• daily processing of accounts receivable and accounts payable are managed within required timelines
• reconciliations or accounting issues are investigated and resolved promptly
• transactional, reporting or processing-related issues are investigated and resolved promptly (including those relating to non-standard or more complex transactions); vendor payments, employee reimbursements and relevant accounting entries and reconciliations are prepared accurately and on a timely basis by the Accounting team

What you can bring to this Role:
Share your credentials, and keep in mind your related experience and knowledge can be just as likely to get our attention. It helps if you have:
Knowledge, Skills and Abilities:

• Two-year College Diploma in Accounting or University degree in business
• Early stages of Chartered Professional Accountant degree (CPA)
• 2 to 4 years related experience in a position of similar responsibility
• Ability to handle high volumes of activity in a timely, accurate manner and follow documented processes
• Experience matching and applying a high volume of electronic payments received to the customer’s account
• Tech savvy including experience processing file uploads/downloads
• Great multi-tasking ability
• In-depth knowledge with banking systems especially setting up electronic payments/receipts (EFT/wires/PAP’s)
• Banking/financial/leasing experience highly desirable
• Knowledge and good understanding of IFRS, banking regulations and public reporting
• Strong computer skills (Excel, Windows, Word, and automated GL systems)
• Crystal/Clear View Reporting experience is desirable
• Experience in the following areas is desirable: Federal and Provincial Taxes; Lease and/or Loan Accounting; Automated General Ledger environment; Proficiency with Microsoft Office Applications

• Great communication and interpersonal skills are very important

This role is responsible for Accounts Receivable (A/R) and Accounts Payable (A/P) duties related to the Syndication portfolio, including:

• Development of Syndication-specific procedures and processes to ensure the flow of information and receivables/payables supports the portfolio
• daily processing of accounts receivable and accounts payable are managed within required timelines
• reconciliations or accounting issues are investigated and resolved promptly
• transactional, reporting or processing-related issues are investigated and resolved promptly (including those relating to non-standard or more complex transactions); vendor payments, employee reimbursements and relevant accounting entries and reconciliations are prepared accurately and on a timely basis by the Accounting team

Accounts Receivable:

• Monitor all A/R processes including Monthly PAP, Daily PAP, Direct Deposits and Cheques
• Maintains a high level of processing accuracy in work prepared by department staff by verifying the accuracy, completeness and authorization of transactions and maintenance data, as input by others
• Review and approve daily, weekly and month-end general ledger postings, accruals, reconciliations, and reports prepared by the Accounting team
• Ensure internal controls are adhered to and that procedures are followed to ensure that all payments have been properly approved
• Monitor weekly A/R statistics

Accounts Payable:

• Monitor the daily General & Administrative A/P activities and provide support on accounts payable matters
• Monitor the daily New Business A/P activities and provide support on accounts payable matters
• Review and approve daily, weekly and month-end general ledger postings, accruals, reconciliations, and reports prepared by the Accounting operations team
• Transmits on-line Disbursements by processing deadlines, ensuring instructions from Manager/production staff are properly approved
• Monitor compliance related to A/P policies and procedures (Authorized Signing Officers, Business Travel and Expenses, Business Expense Visa Cards, Mileage, Accounts Payable Procedures)
• Ensure internal controls are adhered to and that procedures are followed to ensure that all payments have been properly approved
• Review weekly A/P statistics

Other Duties:

• Daily/weekly analysis and reconciliation of general ledger accounts related to Syndication portfolio, deposit clearing, intercompany
• Provide back up support for the AR & AP and Accounting Specialist when called upon
• Participant in the ongoing design, development and testing of process and system improvements and enhancements
• Coordinate and liaise with Business Units on operational issues related to transactions and accounts managed by the A/R & A/P team
• Provide support for auditors during interim and year-end audits
• Provide excellent customer service that meets corporate standards by:

• Systematically compiling and organizing file/report retention
• Responding to all inquiries in a prompt and professional manner and resolving transaction issues in accordance with corporate standards and/or escalating when necessary

• Maintaining the confidentiality of information

Knowledge, Skills, and Abilities

• Excellent attention to detail
• Strong analytical skills
• System troubleshooting skills
• Ability to multi-task, quickly prioritize and resolve critical issues as they arise
• Strong spreadsheet proficiency and familiarity with data query/analysis tools
• Exceptional written and oral communication skills
• Self-motivated and a self-starter
• Must be organized and can prioritize workload
• Ability to work on projects with cross-functional involvement and the ability to provide direction and guidance
• Commitment to the organization by actively supporting the values and demonstrating alignment with the goals of the organization

Education, Designations, Training, and Experience

• Role requires working knowledge and understanding of accounting standards (IFRS) and financial instruments (e.g. loans and leases)
• Demonstrated ability to apply knowledge to identify key variances, accounting issues, control deficiencies, as well as to provide analysis and business insight to stakeholders
• 3- 5 years related experience in a position of similar responsibility
• Full knowledge of all aspects of the A/R & A/P team in order to field daily questions and problems that may arise, and to assist in developing, implementing and documenting new processes and controls and to support and advise other team members in the execution of their tasks
• Banking/financial/leasing experience preferred
• Experience with on-line banking systems
• Experience with Casitron or a similar leasing system platform is desirable
• Solid understanding of different lease products and the lease transactional lifecycle
• Role partners with internal and external stakeholders, including Sales, New Business, Collections, Financial Reporting, Treasury, as well as internal and external auditors.
• This person will support the Manager Operations Accounting by acting as a point of contact for other business units and providing guidance and support for operational accounting issues

Competencies
Member Focus - Personally demonstrating that our members/clients are our highest priority. Proactive - Seize the initiative by anticipating needs and identifying opportunities to provide a higher level of service. Open Communication - Engaging in honest and transparent dialogue to develop mutual understanding, trust and cultivate deeper relationships. Business Savvy - Continuously acquiring the knowledge needed to do one’s job to the fullest, using internal or external resources and applying the knowledge productively. Partner Orientation - Initiates opportunities for collaboration and maintains productive relationships to achieve shared goals. Integrity - Doing the right thing by always acting with openness, honesty and respect. Creates a Supportive and Positive Team Environment: creates and contributes to a positive team environment which encourages innovation, risk taking, and learning; speeds up team learning through sharing best practices; leverages the strengths and opportunities of the broader marketing team
What's in it for you? We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success! We provide you with the tools and technology needed to delight your clients! Did you know our leadership team has worked in the Canadian finance industry for a combined 120 years? Dress for your day! Be comfortable when you can! This is not your typical "corporate" job. We work hard and we have fun! We offer a competitive total rewards package that includes base salary, a performance bonus, vacation, personal &sick days, personal development funding, paternity/maternity leave top-ups and much more.
Come and Be the Difference in our Growth!
Meridian OneCap is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability. Please note that due to the volume of applications, only those under consideration will be contacted for an interview. Thank you for your interest in Meridian OneCap. Follow us on Twitter at @MeridianCareers Connect with us on LinkedIn