Accounts Payable Specialist

Department of Position: Finance

Reports to: Senior Manager, Financial Accounting

Full-time, Permanent

Existing vacancy: Yes – Open and available immediately

Company Description

For over 30 years, Lorex has been creating security systems designed to protect your home and business. Founded and headquartered in Canada, we’ve grown to become leaders in DIY (Do It Yourself) security, offering premium solutions built on innovation, reliability, and expertise that enhance your lifestyle and protect what matters most.

Job Summary

The Accounts Payable Specialist will report to the Senior Manager, Financial Accounting and work closely with other member of Accounting and Finance team. The Accounts Payable Specialist will be involved in the processing of day-to-day accounting transactions and maintain excellent relationship with external vendors and internal operational staff.

Duties & Responsibilities:

• Set-up new vendor profiles, manage vendor accounts and reconcile vendor statements
• Solicit and verify invoices, accurately enter, and post invoices into SAP (PO and non-PO)
• Ensure invoices match purchase orders for processing project-related invoices
• Facilitate AP approval process conducted through external approval portal (RAMP)
• Obtain approval of invoices prior to payment
• Process weekly payment in the system (cheque run, EFT payment and wire transfer)
• Review and analyze Accounts Payable aging report
• Maintain key vendor actual expense tracker in timely manner
• Recoding transactions for credit card usages and doing necessary reconciliation
• Responding to internal & external inquiries in timely manner
• Prepare and submit credit application
• Coordinate with counterparties in other geographic regions to resolve intercompany related invoices and charges
• Prepare and review AP ageing report on a regular basis
• Communicates with suppliers/vendors, when necessary, to correct and modify invoices/payments
• Reviews and processes accounts payable transactions accurately and timely, ensuring proper procedures are followed and deadlines are met
• Assist with month-end / year-end accruals and audits
• Other duties as required

Requirements:

• Knowledge, Skills and Abilities (KSAs)
• Degree in Accounting (or equivalent) preferred
• SAP ERP experience would be highly preferred
• Intermediate to advanced skills in Microsoft Office applications (Word & Excel)
• Excellent verbal and written communication skills
• Strong organizing, prioritizing and analytical skills
• High accuracy and attention to detail
• Ability to consistently meet deadlines
• A team player who works well with colleagues and contributes to a positive working environment

• Background Experiences
• 3-5 years of experience with accounts payable, accounts receivable, invoicing, payments, collections, and general accounting

Lorex welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Please note that we use AI tools as part of our recruitment process to enhance efficiency and improve candidate experience.