Accounts Receivable Accountant
Location: Woodbridge (Vaughan), Ontario – In-Person / On-site
Employment Type: Full-time, Permanent
Salary: $60,000–$70,000 per annum
Join ITN Food Corporation
ITN Food Corporation, a leading Canadian food manufacturing, importing, and distribution company, is hiring an experienced Accounts Receivable Accountant.
Reporting to the Controller, the Accounts Receivable Accountant will independently own and manage the accounts receivable function as the primary resource. This is a hands-on role requiring responsibility for daily AR processing, payment application, reconciliations, collections, customer coordination, issue resolution, reporting, month-end support, controls, and process improvement.
The successful candidate must be proactive, organized, commercially aware, and comfortable working in a fast-paced, lean structure. The individual must think critically, work efficiently, follow matters through to completion, and collaborate closely with internal departments and customers.
Company Overview
For over 30 years, ITN Food Corporation has manufactured, imported, and distributed authentic South Asian food products and internationally recognized brands across Canada. Accounting is closely connected to Sales, Purchasing, Operations, Warehouse, Logistics, inventory, cash flow, customer service, and management reporting.
Key Responsibilities
- Independently manage the full accounts receivable cycle from invoicing and payment application through reconciliation, collections, adjustments, reporting, and account resolution.
- Review customer invoices, credit notes, returns, deductions, promotional claims, rebates, chargebacks, adjustments, and supporting documentation.
- Apply customer payments, cheques, electronic transfers, deposits, and remittances accurately and promptly.
- Reconcile customer accounts, receipts, invoices, credits, deductions, returns, short payments, and unapplied payments.
- Review AR aging, overdue balances, disputed invoices, unauthorized deductions, payment commitments, and collection risks.
- Follow up directly with customers regarding outstanding balances, remittances, payment timing, deductions, disputes, and missing information.
- Investigate and resolve discrepancies involving pricing, quantities, deliveries, shortages, damages, returns, credits, and proof of delivery.
- Maintain accurate customer account records, collection notes, payment commitments, credit information, and supporting documentation.
- Coordinate with Sales, Operations, Logistics, Warehouse, Customer Service, Finance, and Management to resolve billing, delivery, deduction, return, and payment issues.
- Prepare AR aging reports, collection updates, cash-receipt summaries, customer reconciliations, deduction analysis, credit-risk reports, and month-end schedules.
- Support credit reviews by analyzing payment history, aging, credit exposure, order activity, and collection risk; recommend credit holds, revised limits, escalation, or collection action where appropriate.
- Reconcile the AR subledger to the general ledger and support month-end and year-end close, adjustments, allowance analysis, audits, and reporting.
- Prepare journal entries, reconciliations, account analyses, supporting schedules, and working papers related to accounts receivable.
- Maintain proper approvals, documentation, audit trails, and internal controls.
- Provide the Controller with timely updates regarding significant balances, collection risks, discrepancies, unresolved matters, and required decisions.
- Manage competing priorities independently without compromising accuracy, responsiveness, or follow-through.
- Identify recurring issues, resolve root causes, and recommend practical process improvements.
- Improve collection procedures, payment application, deduction tracking, customer documentation, credit controls, and reporting accuracy.
- Support audits, reviews, tax requirements, year-end work, and special accounting projects.
Required Qualifications
- Preferably a Bachelor’s degree or minimum diploma in Accounting, Finance, Commerce, Business Administration, or a related field.
- 3–5 years of relevant accounting experience, with substantial hands-on experience independently managing Accounts Receivable.
- Strong knowledge of customer reconciliations, collections, payment application, journal entries, general ledger interfaces, internal controls, HST, and Canadian accounting practices.
- Strong ERP/accounting-system experience; experience with Spire, Microsoft Dynamics, SAP, NetSuite, Sage, QuickBooks Enterprise, or comparable systems is an asset.
- Strong Microsoft Excel skills, including formulas, reconciliations, data review, account analysis, and reporting schedules.
- Ability to identify discrepancies, investigate root causes, coordinate resolution, and maintain complete supporting documentation.
- Strong organization, accuracy, communication, judgment, initiative, ownership, and follow-through.
- Ability to work effectively as the primary resource responsible for the Accounts Receivable function.
- Ability and willingness to work fully on-site in Woodbridge, Ontario.
- Legal authorization to work in Canada.
Preferred Qualifications
- CPA candidate status or progress toward a CPA designation is an asset.
- Experience in food distribution, manufacturing, importing, wholesale, retail distribution, CPG, or another inventory-based business is preferred.
- Experience with customer collections, deductions, credit exposure, payment application, customer-account reconciliations, chargebacks, and credit-risk monitoring is preferred.
Candidate Profile
The successful candidate will be a hands-on accounting professional who takes initiative, thinks critically, works with urgency, and accepts full accountability for the Accounts Receivable function.
The individual must be comfortable operating independently in a lean structure while managing daily transactions, customer communication, collections, reconciliations, reporting, month-end requirements, issue resolution, and continuous improvement.
Compensation and Benefits
- Annual salary: $60,000–$70,000, based on experience, qualifications, ERP capability, Excel proficiency, and relevant Accounts Receivable expertise.
- Paid time off
- On-site parking
- Employee discounts
Schedule
Monday to Friday, with additional hours or weekends when required by operational or month-end needs.
Work Location
Head office - 120 Milani Blvd.
Woodbridge (Vaughan), Ontario L4H 5J9
How to Apply
Qualified candidates are invited to apply through LinkedIn or email their updated résumé to hr@itnfoodcorp.com
