Project Accountant

4 weeks ago


Canada WSP Global Inc. Full time

WSP is currently seeking a Project Accountant to join our Corporate Finance Team.

The Project Accountant provides support to Project Managers and is responsible for maintaining a portfolio of projects through the project life cycle. The role of the PA is to provide knowledge and understanding of contracts and agreements to ensure accurate, timely and complete information for all project 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.

Why WSP?

  • We value and are committed to upholding a culture of Inclusion  and Belonging.
  • Our Flexible Work Policy – we recognize the importance of balance in our lives and encourage you to prioritize the balance in yours. We will support you on and off the job so you can be fully present in both your work and home lives.
  • Our Hybrid Work Policy - a combination of in-person and remote working, enables us to purposefully think of how we work, who we need to work with, and where the work should be done.
  • A Canadian  success story - we're proud to wear the red and white of this beautiful country and show the world what Canada has to offer.
  • Enhance  the world around you - from the environment to the highways, to the buildings and the terrain, WSP is the fabric of Canada.
  • Outstanding career opportunities - we're growing and pushing ourselves every day to be greater than yesterday - we're open to your  ideas and trying new things.
  • A phenomenal collaborative  culture and a workforce filled with genuinely good people who are doing humbly important work. Come find out for yourself what it's like to be a part of our journey.

We offer attractive pay, flexible work options, a great corporate culture, comprehensive and employee-focused benefits including virtual healthcare and a wellness platform as well as great savings programs, and a clear vision for the future.

#WeAreWSP


Responsibilities: 

  • Provide support and oversight on a portfolio of projects with multiple PMs across business units.
  • Lead the financial review for projects to ensure compliance with accounting standards and corporate policies.
  • Provide expertise to PM’s through the financial lifecycle of a project, from setup, monitoring, updating and closure:
    - Ensure project set-up accurately 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
    - Challenge WBS Structure at creation towards optimizing project structures and minimizing complexity for efficient delivery and execution throughout the life of the project
    - Open, create and maintain projects WBS structure, revenue and cost budgets
    - Ensure timely recording of all cost and revenue transactions.
    - Assist PM’s in the PSR and management project review process, including the validation of ETCs and EACs, and ensure any financial issues related to earnings, cash-flow, and reporting are addressed
    - Attend meetings with Project Delivery Team on the financial status of projects.
    - Perform Time and Expense Transfers as needed, when not related to Billings
    - Transact project write-ups and write-downs
    - Perform and support project related internal control procedures
    - Perform project closeout processes
  • Train and educate project delivery team on the use of financial project analysis tools, dashboards, etc.
  • Possess strong understanding of the company’s revenue and costing methodologies and provide expertise to the Project Delivery Team.
  • 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.
  • Perform Rate Table/Labor Codes Validation, as required
  • Assist Controllers with project related provisions / reserves (i.e. Estimate at Completion adjustments, Accounts Receivable, Work in Progress, ROCV and legal claims)
    - Identify AR & WIP provision requirements 
    - Review backup documentation supporting provisions and track all monthly adjustments as required
  • Perform Hard and Soft Backlog Validation
  • Support Controllers during month end close as required.
  • Prepare and analyze variances pertaining to cost and revenue.
  • Prepare ad hoc project related financial reports from time to time as requested
  • Assist Controller with project related external and internal audit requirements.


Qualifications:

  • Bachelor's degree in administration or accounting
  • 3 to 5 years experience in a similar position in financial and operational management;
  • Knowledge of the professional services industry, project-based accounting and ERP systems;
  • Champions integrity and trust, strong work-ethics and able to multi-task and juggle multiple priorities simultaneously
  • Good understanding of accounting principles and policies
  • Ability to work under pressure, with remote teams and the ability to coordinate and prioritize multiple tasks simultaneously under tight deadlines;
  • Excellent command of Microsoft Windows tools;
  • Knowledge of Oracle would be an asset.

Compensation:

Expected Salary (all locations): $50,900 to $88,000

WSP Canada is providing the compensation range that the company in good faith believes it will pay for this position based on the successful applicant’s education, experience, knowledge, skills, abilities in addition to the specific geographic location.


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