General Accountant – Accounts Payable

About RECO

As Ontario’s regulator of more than 110,000 real estate agents and brokerages (often referred to as registrants), RECO administers and enforces the law that regulates trading in real estate in Ontario and enhances consumer confidence in the real estate services sector. RECO’s commitment to pursuing trust in every transaction means consumers can navigate the real estate market with confidence.

A modern regulator with approximately 170 employees, RECO is a collegial and dynamic environment where strategic agility, curiosity and empathy are valued.

Hybrid work environment

RECO has a ‘hybrid’ environment, which typically includes a minimum attendance in the office of two days per week, with some teams/positions requiring more frequent in-office attendance.

RECO’s commitment to diversity and inclusion: They aren’t just words to us!

RECO is committed to promoting an equitable, diverse, and inclusive environment that includes awareness, education, and engagement-building opportunities for all employees.

The role

The General Accountant supports accurate and timely financial reporting through general ledger maintenance, accounts payable processing, account reconciliations, and month-end close activities.

The role requires strong accounts payable experience, including invoice processing, employee expense claims, vendor account management, prepaid expense schedules, accrued liabilities, capital assets depreciations. Working under the guidance of the Manager, Finance and Accounting, the General Accountant maintains complete supporting documentation, investigates discrepancies, and contributes to effective financial controls and process improvements.

Position responsibilities

• Accounts Payable and Expense Claims
• Review and process supplier invoices and employee expense claims, ensuring appropriate approvals, supporting documentation, account coding, and compliance with organizational policies.
• Review unverified invoices in Concur and route them to the appropriate approvers.
• Follow up on outstanding approvals, missing documentation, and invoice discrepancies to support timely payment.
• Prepare and process payment batches, including electronic funds transfers (EFTs), wire transfers and cheques, for approved invoices, expense claims, and authorized trust fund disbursements, ensuring required payment approvals are obtained.
• Respond to internal and external inquiries regarding Concur, invoices, expense claims, and payment status.
• Reconcile vendor statements and investigate outstanding balances, duplicate invoices, credits, and payment discrepancies.
• Prepaid Expenses and Accrued Liabilities
• Prepare and maintain prepaid expense schedules, ensuring costs are allocated to the appropriate accounting periods.
• Calculate and post monthly prepaid expense amortization entries and reconcile schedules to the general ledger.
• Identify expenses requiring accrual through review of outstanding invoices, purchase commitments, subsequent payments, and input from departments.
• Prepare supporting schedules and journal entries for accrued liabilities, including reversals and adjustments.
• Review prepaid and accrual balances regularly and resolve outstanding or unusual items.
• General Ledger and Month-End Close
• Prepare and post journal entries with complete and accurate supporting documentation.
• Reconcile assigned balance sheet accounts, including accounts payable, prepaid expenses, accrued liabilities, and bank or clearing accounts, as assigned.
• Investigate discrepancies and prepare correcting entries where required.
• Complete assigned month-end and year-end close activities within established deadlines.
• Prepare account analyses and supporting schedules for financial reporting, budgeting, and the three-year plan.
• Vendor Management and Financial Controls
• Create and update vendor records in Sage, ensuring required documentation and approvals are obtained.
• Verify requests to change vendor banking information in accordance with established controls.
• Maintain accurate vendor records and identify duplicate or inactive accounts.
• Follow established approval authorities and segregation of duties across vendor maintenance, invoice approval, and payment processing.
• Maintain organized and accessible financial records to support review and audit requirements.
• Dormant and Trust Account Transactions
• Prepare and coordinate cheque deposits for dormant and trust accounts.
• Maintain deposit trackers and reconcile recorded transactions to supporting documentation and bank activity.
• Prepare related journal entries and investigate discrepancies.
• Process authorized trust-related payments with appropriate approvals and supporting records.
• Audit Support and Process Improvement
• Prepare schedules and retrieve supporting documentation for internal reviews and external audits.
• Document and maintain procedures for assigned accounting activities.
• Identify opportunities to improve accuracy, efficiency, and controls within accounts payable and general accounting.

Backup & Support

Provide backup coverage within the Finance team and perform other related duties as assigned.

Qualifications and experience

• Postsecondary degree or diploma in accounting, finance, or a related discipline.
• Experience in general accounting and accounts payable is required, including invoice processing, employee expense claims, prepaid expense schedules, accrued liabilities, journal entries, and account reconciliations.
• Knowledge of SAP Concur and Sage.
• Proficiency in Microsoft Excel, including formulas, lookups, and pivot tables.
• Strong attention to detail, organizational skills, and ability to meet deadlines.
• Effective communication skills to respond to employee and vendor inquiries and resolve discrepancies.
• Core competencies
• Accountability and Execution

Decision Quality

Cross-Team Collaboration

Risk-Based Judgment

Service Excellence

Pay Range

$94,811—$118,510 CAD

Why work for RECO?

Working at RECO means contributing to an organization that supports a fair, transparent, and consumer-focused real estate marketplace.

What you can expect

• Purpose-driven work: Your contributions help protect consumers and strengthen one of Ontario’s largest and most important sectors.
• A modern, evolving regulator: We are innovating how we regulate and engage with the real estate sector, and your ideas and expertise will help shape the future.
• Professional growth: We invest in employee development, ongoing learning, and cross-functional exposure.
• Hybrid flexibility: Our hybrid model supports balance, flexibility, and wellbeing.
• Inclusive culture: You’ll work with people who care deeply about doing what’s right and delivering high-quality public service.
• Join us
• If you’re passionate about meaningful work, eager to grow, and want to make a tangible impact on an industry that touches every Ontarian, RECO is the place to do it.
• Apply today and help shape the future of real estate in Ontario.

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RECO is committed to treating all people in a way that allows them to maintain their dignity and independence. We believe in integration and equal opportunity. We are committed to meeting the needs of persons with disabilities in a timely manner and will do so by preventing and removing barriers to accessibility.

We thank all applicants in advance for their interest.