Accounts Payable Team Lead

Date Posted December 28, 2022
  • Department Accounting
  • Location Toronto, ON
  • Job ID 112930

YM Inc. was founded on the strength of a single retail store in the heart of downtown Toronto in 1975, under the name Stitches. Today we are one of North America’s leading apparel retailers operating over 700 stores across Canada and the United States under the following banners: Stitches, Urban Planet, Urban Behavior, Sirens, Urban Kids, Suzy Shier, Bluenotes, West 49, Mandee and Charlotte Russe.

Our goal is to sustain performance that exceeds expectations. We are committed to creating a culture where people feel valued and inspired to achieve results. We give our people the appropriate tools, freedom and authority to make decisions. They are accountable for their actions and we recognize their efforts and reward their results. We attract and nurture the best people by providing leadership opportunities, career development and continuous learning. We are committed to leading by example and with integrity. We treat people with respect and dignity, promote the benefits of diversity and address challenges in a direct and compassionate manner. We engage people in our goals and objectives; we listen and act on new ideas where possible. That is our Philosophy.

Position Overview:

This full-time position is responsible for helping out the Accounts Payable department as well as assisting the Accounts Payable Manager with the day to day activates.

Duties and Responsibilities

Duties and responsibilities include, but are not limited to, the following:

· Assists Accounts Payable Manger with reviewing data entry and posting of batches and releasing of held invoices

· Assist team with processing of merchandise invoices and unmatched report

· Communicate with suppliers as required (invoice payments inquires)

· Ensure transactions are recorded in accordance with ASPE/GAAP and provide support during financial audits

· Compliance with statutory requirements including issuance of 1099s to vendors, collecting W9 and W8 as required for processing payments to vendors

· Prepare weekly cheque runs with back-up to be approved by VP of Finance & CFO

· Prepare wire payment package for processing

· Provide backup and support the Accounts Payable Manger as required and cover position in his/her absence

· Prepare and/or review vendor statement reconciliations

· Periodically reviewing, tracking and reporting the performance of Accounts Payable team, simplify the processes and improve team’s performance

· Participating in closing activities and dealing with user teams

· Additional duties, as assigned


· Secondary Education: College or University in Accounting

· 5 years of experience in a similar role

Related Work Skills

· High level of computer literacy, advanced acknowledge of Excel and Word

· Lawson knowledge is an asset

· Excellent written and oral communication skills

· Ability to work under pressure and tight timelines

· Demonstrated skills in corporate governance, policies and procedure

· Reconciliation

· Month-end procedures

· Team building skills

· Effective time management and organizational skills

What we offer:

· Competitive Compensation Package

· Health and Dental Benefits Plan

· Paid Sick Days

· Career Growth Opportunities

YM Inc. is an equal opportunity employer. If chosen to participate in the selection process, accommodations are available upon request. We will consult with the applicant to provide or arrange suitable accommodation in a manner that takes into account the applicant’s accessibility needs

Job Types: Full-time, Permanent

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