Accounts Payable Specialist

The Organization

LGM is a national leader in providing warranty, finance and insurance services to the Canadian automotive industry. Since 1998, LGM has partnered with leading automotive manufacturers and dealerships across Canada to deliver award-winning F&I solutions. Dealer partnerships are complemented with the strong backing and support of their automotive manufacturing brands, which include BMW/MINI, Kia, Mazda, Volvo, Jaguar/Land Rover, Mitsubishi Motors, Polestar and Motorrad.

The Job

The Accounts Payable Specialist is responsible for the accurate and timely processing of invoices, claims and payments, maintenance of vendor records, account reconciliations, and support of month-end close activities. This role works closely with vendors, contract holders and internal stakeholders to ensure efficient accounts payable operations and the integrity of financial records.

Key Responsibilities

• Process and code invoices, ensuring accuracy and compliance with company policies.
• Maintain vendor records, including contact information, banking details, and payment terms.
• Manage the accounts payable cycle, ensuring timely invoice processing and payments.
• Resolve invoice discrepancies, payment issues, and vendor inquiries.
• Prepare and process electronic payments, wire transfers, ACH transactions, and cheque runs.
• Reconcile vendor statements, accounts payable sub-ledgers, and assigned general ledger accounts.
• Monitor accounts payable aging, AP inbox and follow up on outstanding items.
• Support month-end and year-end close activities, including reconciliations and accruals.
• Generate accounts payable reports and identify process improvement opportunities.
• Assist with internal and external audits by providing supporting documentation.
• Ensure compliance with internal controls, company policies, and regulatory requirements.
• Provide backup support and assist with Finance projects, system enhancements, and process improvements.

Core Competencies

• Communication – Able to clearly and articulately present information in both spoken and written word.
• Collaboration – Develops positive relationships with others to build consensus, morale and commitment to goals and objectives.
• Innovation – Displays the ability to think outside of the box to develop creative and new solutions that meets current and future needs.
• Flexibility – Easily adapts to changing environment and resources.
• Productivity – Strives to consistently achieve excellence in all tasks and goals.
• Accountability – Takes personal ownership and responsibility for the quality and timeliness of work commitments and decisions.
• Resilience - Responds well to pressure and the demands of daily life. Has flexibility durability, strength and speed of recovery

Required Skills

• Proficiency in Microsoft Office, particularly Excel, and accounting/ERP systems (e.g., Sage).
• Strong knowledge of accounts payable processes, accounting principles, and internal controls.
• Experience processing high volumes of invoices and payments with accuracy and attention to detail.
• Strong analytical, problem-solving, and reconciliation skills.
• Excellent organizational and time management skills, with the ability to prioritize and meet deadlines.
• Effective communication and interpersonal skills for working with vendors and internal stakeholders.
• Strong customer service skills and a professional approach to resolving inquiries and issues.
• Ability to maintain confidentiality and work independently or as part of a team.

Education

• Post-secondary degree in Accounting/Finance, or a related discipline

Experience

• 5+ years in accounts payable

Proven track record of driving improvements in payments and team productivity.

What We Offer

• The base compensation range for this position is $51,000 - 62,000
• Hybrid work model (3 days in the office)
• A competitive compensation package, including a comprehensive health benefits plan, Group RRSP, performance bonus, health and wellness benefits, and education sponsorship.
• Four paid days annually to "give back" to the community, along with your birthday off.
• A vehicle rebate program of up to $400 per month.