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Accounts Receivable Administrator

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Date: Apr 7, 2021

Location: Toronto, ON, CA

Company: LifeLabs

About Us

At LifeLabs, we are focused on our vision of building a healthier Canada!  We are the largest community diagnostics laboratory in Canada with over 350 collection centres, 16 laboratories and service over 20 million patients each year.  


Caring, Agile, Customer Driven, One Team - We live our values every day in what we do to help our patients and healthcare providers.  With over 6,000 employees, we all make a difference and that’s why our people are so important to us.  


This is an exciting time to join our LifeLabs team, grow your career with us and support numerous business initiatives, innovations, best practice and business development opportunities.

 

The Account Receivable Administrator performs day to day processing of financial transactions to ensure finances are maintained in an effective, up to date and accurate manner

 

Accountabilities:

  • Generate bank statements from bank portals and prepare daily reports;
  • Record and reconcile payments daily as received in the bank;
  • Work closely with the collections to ensure payments are posted accurately and timely;
  • Research and resolve payment discrepancies, incorrect application and unapplied cash and determine appropriate application;
  • Ensure payments received are posted in time and accurately;
  • Monitor key performance indicators;
  • Ensure compliance with internal controls;
  • Daily reconciliation of Cash deposits between system and General Ledger;
  • Assist controllership with daily and monthly reconciliation of Journal entries;
  • Participate in month end closing activities and create monthly packages for management;
  • Maintain detailed documentation of all payment activities including creation and updating of excel models and SOPs;
  • Ability to perform other tasks within the Accounts receivable department as necessary
     

Requirements:

  • Post-Secondary school diploma/degree in business related field of finance/economics
  • Strong Business Acumen and Accounting knowledge, customer service driven and results oriented
  • Minimum 5+ years’ experience in full cycle cash application in a complex environment
  • Analytical, detail-oriented and organized with strong reconciliation skills
  • Ability to engage key stakeholders in the resolution process for reconciliation difference
  • Strong verbal and written communication skills to work effectively with cross-functional teams to articulate issues and next steps
  • Advanced MS Word, Excel (Pivot/Vlookup/Formulas, IF Statements) and Outlook skills
  • Systems savvy; Experience utilizing multiple ERP Systems and Reports
  • Strong time and desk management skills to identify priorities and meet deadlines/ objectives
  • Ability to stay calm under pressure
  • Previous experience/exposure with Automation

     

LifeLabs is committed to building an inclusive environment and will provide accommodations in accordance with the AODA – Accessibility for Ontarians with Disabilities Act. Please indicate in your application any accommodations you will require throughout the recruitment process.  Alternatively please contact our corporate offices main line to be directed to a member of the Talent Acquisition team at  (416) 675-4530. 

 


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