Accounts Payable/Accounts Receivable (AP/AR) Specialist

Overview:

Clairvest is a highly reputable mid-market Private Equity firm with >$4Bn of assets and ~50 employees. We are seeking a Accounts Receivable/Accounts Payable Specialist to join our Finance Team. The Finance department is a combination of a fast-paced, detail-oriented, and collaborative environment. This individual will work closely all members of the Finance Team specifically our Senior Corporate Accountant and Director of Finance.

Key Responsibilities:

The individual will be responsible for the accounts receivable and accounts payable functions as well as reconciling various bank and investment accounts on a monthly basis.

Accounts Payable

• Process invoices and employee expense reports
• Ensure timely and accurate payments via EFT, wire, or cheque.
• Reconcile vendor statements and resolve discrepancies.
• Maintain vendor records and ensure compliance with tax and regulatory requirements.

Accounts Receivable

• Generate and issue invoices to portfolio companies and third parties.
• Prepare invoices to portfolio companies for advisory fees and expense recoveries
• Monitor receivables aging and follow up on overdue accounts.
• Apply incoming payments and reconcile AR ledger.
• Assist with cash flow forecasting and reporting.

General Accounting Support

• Prepare monthly bank and investment account reconciliations
• Monitor bank account activities and generate daily account reports
• Organize and manage accounting records
• Assist with month-end close activities including journal entries and reconciliations.
• Maintain accurate and organized financial records.
• Support audits and provide documentation as needed.
• Collaborate with investment and operations teams on ad hoc financial tasks.

Qualifications:

• Post-secondary education in Accounting, Finance, or related field.
• 3+ years of experience in a full-cycle AP/AR role
• Multitasker with ability to meet timelines
• Strong verbal and written communication skills
• Excellent organization skills and attention to detail
• Team-oriented; demonstrates a commitment to shared success
• Advanced skills in Microsoft PowerPoint and Microsoft Excel

Please note, our team works in person in the office at Yonge & St. Clair.