Project Accountant

Reference #: 8365
City: Winnipeg
Region: Manitoba
Secondary Location: Ottawa (Tremblay Road)
Job Type: Permanent - Full Time
Business Line: Buildings

Description

PROJECT ACCOUNTANT

A49 Description

Architecture49 is a growing firm with promising career opportunities for talented people. Our offices, situated from coast to coast across Canada, house a diverse and accomplished group of architects, interior designers, technologists, landscape architects, and support staff, and we are always looking for new people to enrich our team.

At A49, we foster friendly, open working environments where employees can thrive on congenial collaboration. We seek meaningful projects where we can build on our focused expertise and impact the communities in which we work. We strive to build strong relationships with clients and colleagues. We recognize the quality, motivation, and commitment of our employees and celebrate their achievements.

POSITION DESCRIPTION

The Project Accountant (“PA”) provides support to Project Managers and is responsible for maintaining a portfolio of projects through the project life cycle. Reporting to the Architecture49 Inc. Director of Finance, the role of the PA is to provide knowledge and understanding of contracts and agreements to ensure accurate, timely and complete information for all accounting activities from project set-up, cost recording, revenue recognition, project forecasting and project closure while leveraging the project management system to its fullest extent. Other requirements of the role include ensuring projects are properly setup to accurately reflect the contractual terms and as sold margins, participate in month end reviews, coordinate revenue adjustments as required and provide analysis on variances to Project Managers and the National Business Line Controllers.

RESPONSIBILITIES

  • Provide support and oversight on a portfolio of projects with multiple PMs across business units.
  • Attend regular meetings with Project Delivery Team on the financial status of projects.
  • Lead the financial review for projects to ensure compliance with accounting standards and corporate policies.
  • Assist PM’s through the financial lifecycle of a project (i.e. setup, monitoring, updating and closure).
  • Accurately reflect a projects’ financial status by ensuring timely recording of all cost and revenue transactions.
  • Ensure project is setup and updated accurately and mirrors the as-sold price, cost and margin of the contract, and that addendums/change orders and PO’s support the contract value loaded in the system
  • Work with the Project Delivery Team to ensure timely project reviews are performed, ETCs and EACs prepared and updated and any financial issues related to earnings, cash-flow, and reporting are addressed.
  • Assess project financial risks and assist in updating the project risk register and revenue adjustment forms as needed.
  • Train and educate project delivery team on the use of project analysis tools, dashboards, Vision, etc.
  • Possesses in-depth knowledge of the company’s revenue and costing methodologies and provides expertise to the Project Delivery Team.
  • Assist with external and internal project audit requirements.
  • Understand commercial, billing and payment terms on the project and act as a liaison with the Billing team to ensure invoices are prepared and sent to the client in a timely manner.
  • Assist Controllers with project related reserves as required (i.e. Estimate at Completion adjustments, Accounts Receivable, Work in Progress, Legal claims) and proformas.
  • Coordinate with Controllers in maintaining the Risk and Opportunities log.
  • Support Controllers during month end close as required.
  • Prepare and analyze variances pertaining to cost and revenue.
  • Review backup documentation and track all monthly adjustments as required by the Controller.
  • Provide financial assistance as required during the bid and pursuit phase as required.
  • Prepare ad hoc financial reports for Controllers and Management.

QUALIFICATIONS

Formal education & Experience

  • Post-secondary education
  • Accounting designation preferred but work experience required

Knowledge & Experience

  • 3-5 years’ work experience with relevance to project finance
  • Experience in all project accounting, billing, reporting, etc
  • Experience with working on ERP systems with specific project management modules
  • Good understanding of Microsoft Excel and other Microsoft Office products

Personal Attributes & Competencies

  • Champions integrity and trust, coupled with strong work-ethics and is able to multi-task and juggle multiple priorities simultaneously
  • Displays self-awareness and ability to deal with ambiguity.
  • Good communication, problem solving, critical thinking, and organization skills with ability to execute
  • Good understanding of accounting standards and policies




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