Accounts Receivable Specialist Jobs in Toronto, ON
Accounts Receivable Specialist Salary in Toronto
Salaries adjusted for Toronto's cost of living index (125% of national average).
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Accounts Receivable Specialist Job Market in Toronto
Toronto offers a competitive job market for Accounts Receivable Specialist professionals. As a major hub for Technology and Finance, the city has strong demand for finance & accounting talent. The market for Accounts Receivable Specialist positions remains stable, with opportunities in both established companies and emerging businesses. Toronto's population of 2.9 million supports a diverse job market with opportunities ranging from startups to enterprise organizations.
Top Companies Hiring Accounts Receivable Specialists in Toronto
Major employers hiring Accounts Receivable Specialists in Toronto include RBC, TD Bank, BMO, Scotiabank, and CIBC, Manulife. The strong financial services presence in Toronto creates consistent demand for experienced Accounts Receivable Specialist professionals.
Accounts Receivable Specialist Salary in Toronto vs Other Cities
Accounts Receivable Specialist salaries in Toronto typically range from $47,500 to $68,750 annually. As Canada's largest job market, Toronto offers the widest range of Accounts Receivable Specialist opportunities, though the cost of living is among the highest in the country.
Cost of Living for Accounts Receivable Specialists in Toronto
Living in Toronto as a Accounts Receivable Specialist means navigating a cost of living that's above the national average. Average rent for a 1-bedroom apartment is approximately $2,400/month (41% above national average). With Accounts Receivable Specialist salaries starting around $38,000, budgeting carefully for housing is advisable in Toronto.
Commuting as a Accounts Receivable Specialist in Toronto
Toronto excellent transit with TTC subway, streetcars, and GO Transit commuter rail. Key transit tips: TTC subway connects downtown to major employment areas. GO Transit offers rapid commutes from suburbs.
Best neighborhoods for Accounts Receivable Specialists in Toronto: Financial District (Heart of Canadian banking with all major HQs); Bay Street Corridor (Premium office towers and transit access).
Frequently Asked Questions About Accounts Receivable Specialist Jobs in Toronto
What is the average Accounts Receivable Specialist salary in Toronto?
Accounts Receivable Specialist salaries in Toronto typically range from $47,500 to $68,750 annually, depending on experience and company size. While Toronto has a higher cost of living, compensation tends to reflect this.
Is Toronto a good city for Accounts Receivable Specialists?
Toronto is a major hub for Accounts Receivable Specialist professionals. Technology and Finance are the dominant industries, creating consistent demand. The city's population of 2930K supports a diverse job market with both established companies and emerging businesses.
What's the cost of living like for Accounts Receivable Specialists in Toronto?
Toronto's cost of living index is 125 (national average = 100). Housing costs are above average, so budgeting is important even with good salaries.
What skills are essential for Accounts Receivable Specialist roles?
Key skills for Accounts Receivable Specialist positions include Invoice Processing, Collections, Reconciliation, as well as ERP Systems and Customer Communication. Employers particularly value candidates who can demonstrate practical experience with these competencies through projects, certifications, or previous work experience.
What certifications are most valuable for finance careers in Canada?
The CPA (Chartered Professional Accountant) is essential for accounting roles. The CFA (Chartered Financial Analyst) is highly valued for investment positions. CFP (Certified Financial Planner) is important for wealth management. For risk and compliance, the FRM (Financial Risk Manager) is increasingly sought after. These designations can significantly boost earning potential.
How is the finance industry in Canada different from the US?
Canada's Big Five banks (RBC, TD, BMO, Scotiabank, CIBC) dominate the financial sector, creating more stability but fewer employers than the fragmented US market. Bay Street in Toronto is Canada's financial hub. Canadian finance roles tend to have better work-life balance than Wall Street, though compensation is somewhat lower.
What are the main financial hubs in Canada for finance jobs?
Toronto is Canada's undisputed financial capital, home to all major bank headquarters and the TSX. Montreal has a growing fintech scene and insurance presence. Calgary serves the energy finance sector. Vancouver has emerging wealth management and fintech opportunities. Ottawa handles government finance and regulatory bodies.
Is bilingualism important for finance jobs in Canada?
Bilingualism (English/French) is a significant advantage, especially for roles at federal institutions, Quebec-based companies, or national banks serving francophone clients. While not required for most Toronto-based positions, bilingual candidates often have access to more opportunities and can command salary premiums of 10-15%.
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