Overview
Our client, a distinguished name in the construction industry, seeks a skilled and detail-oriented Project Accountant to manage the financial aspects of construction projects. This role involves collaborating with internal teams and external partners to ensure precise cost tracking, accurate reporting, and seamless project accounting processes. The ideal candidate thrives in a dynamic and fast-paced environment and brings a proactive approach to managing financial records.
Key Responsibilities
- Validate and submit subcontractor payment details in accordance with company procedures.
- Establish project files and input new job data into accounting and project management systems.
- Update and synchronize job cost and budget data in financial software and reporting tools.
- Review and process project documents such as contracts, purchase orders, and change orders, ensuring compliance with company protocols.
- Work with project managers to gather required data for client invoicing and process subcontractor invoices as needed.
- Prepare and issue accurate invoices based on contractual requirements.
- Assist with accounts payable (A/P) and accounts receivable (A/R) transactions as assigned.
- Monitor project budgets, track expenses, and ensure accurate project costing.
- Facilitate weekly payment processes and ensure subcontractor compliance for payment release.
- Develop and maintain spreadsheets for project cost tracking, revenue forecasting, and project status updates.
- Assist in preparing schedules of values (SOV) and payment requisitions.
- Generate and present financial status reports, including budget-to-actual comparisons for assigned projects.
- Reconcile project accounts, investigate discrepancies, and ensure billing accuracy.
- Maintain comprehensive project documentation and ensure adherence to policies and client agreements.
- Support financial statement preparation and audits specific to project financials.
- Assist in creating cash flow forecasts, cost allocation reports, and other financial performance analyses.
- Coordinate with project managers to meet billing deadlines and milestones.
- Collaborate with accounting, operations, and administrative teams to gather relevant project details.
- Handle sensitive information with confidentiality and adhere to privacy regulations.
- Provide cross-functional support by training in other accounting processes as needed.
- Undertake additional responsibilities as required.
Qualifications
- Strong verbal and written communication skills.
- Exceptional organizational skills with a keen eye for detail.
- Proven ability to manage multiple priorities in a fast-paced environment.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Familiarity with construction accounting systems.
- Ability to work independently and as part of a collaborative team.
Education and Experience
- Bachelor's degree in Accounting, Finance, or a related field.
- 3-5 years of experience in project accounting, coming out of a large GC.
- Advanced proficiency in Excel and a solid understanding of GAAP, IFRS, and project accounting principles.
- Experience with compliance reporting and regulatory standards in construction, including publicly funded projects.
- Excellent organizational and analytical skills with a focus on accuracy and timeliness.