Project Accountant/Billing Accountant

1 week 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.

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.

Enhance the world around you - from the environment to the highways, to the buildings and the terrain, WSP is the fabric of Canada.

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.

#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.

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
Prepare ad hoc project related financial reports from time to time as requested
Assist Controller with project related external and internal audit requirements.

Bachelor's degree in administration or accounting
~Knowledge of the professional services industry, project-based accounting and ERP systems;
~ 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.
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