Project Accountant

3 weeks ago


Canada WesTower Communications Ltd. Full time

WesTower is currently seeking a Project Accountant to join our team. This position reports directly to the Operational Finance Team leader. The Project Accountant is responsible for maintaining contractual integrity of projects as it pertains to financial performance, accounting standards, and audit requirements. An in-depth of understanding of revenue recognition (under POC accounting) is required and will be applied by way of contract validation and project controls application.

Responsibilities

  • Provide support and contract oversight on a portfolio of projects with Project Managers across multiple regions and business units.
  • Attend regular meetings with Project Delivery.
  • Team on the financial status of projects.
  • 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, updated, and any financial issues related to earnings, cash-flow, and reporting are addressed.
  • Maintain compliance with accounting standards and corporate policies, especially as it pertains to Percentage of Completion for Revenue recognition Purposes (and corresponding contract validation).

  • Possesses in-depth knowledge of the company’s revenue and costing methodologies and provides expertise to the Project Delivery Team.
  • Assess project financial risks and assist in updating the project risk register and revenue adjustment forms as needed.
  • Assist PM’s and Financial Analyst through the financial lifecycle of a project (i.e., setup, monitoring, updating and closure).
  • Support Operations Finance Team on periodic reporting & analysis including Project KPI’s, Regional Results, and Cashflow.
  • Work with finance team during month end close as required.
  • Support the project management team on the use of project analysis tools.
  • Prepare ad hoc reports.
  • Other duties as assigned/required.


Skills and Qualifications

  • University Degree in a related discipline.
  • W orking towards Accounting designation or MBA is an asset.

  • 5 years’ work experience with relevance to project finance in construction.
  • Experience with working on ERP systems with specific project management modules.
  • Excellent Excel skills including macros, and Power BI build.
  • Excellent communication and interpersonal skills are essential.
  • Business-minded individual with critical thinking and problem-solving capability.
  • Solid understanding of accounting standards and policies, especially as it pertains to POC, and internal project controls.
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