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Project Financial Manager

2 weeks ago

Halifax, Nova Scotia, Canada CareerBeacon Full time

About the Role

This is an exciting opportunity for a motivated and experienced Senior Project Accountant to join our team at CareerBeacon. The successful candidate will be responsible for managing the financial aspects of our development projects, including budgeting, forecasting, and financial reporting.

The ideal candidate will have a strong background in construction accounting, excellent communication and interpersonal skills, and the ability to work effectively with multiple stakeholders.

Key Responsibilities

  1. Oversee the financial aspects of development projects, including budgeting, forecasting, and financial reporting.
  2. Collaborate with multiple departments across the company, including development, construction, property management, accounting, and finance.
  3. Use strong communication and interpersonal skills to ensure seamless collaboration and achieve business objectives.
  4. Coordinate with Construction and Project Managers to monitor project costs and resolve variances and discrepancies.
  5. Set up schedules of values in Excel for various construction-related activities.
  6. Engage with contractors and suppliers on progress draw invoices.
  7. Monitor, review, and reconcile project invoices, budgets, holdback accounts, and construction loan draw requests.
  8. Prepare and submit construction loan draws and liaise with the project quantity surveyor and lenders.
  9. Prepare, compile, and manage contracts with owners and construction managers.
  10. Ensure projects, budgets, and commitments are accurately set up in Accounting Programs and Spreadsheets in accordance with agreements and project cost codes are aligned.
  11. Monitor lender and equity-funded portions of projects and maintain up-to-date borrowing balances and projections from pre-development to completion.
  12. Monitor accounts and prepare funding requests to ensure the project has sufficient funds to satisfy obligations.
  13. Generate internal and external reporting packages for owners and financial institutions.
  14. Coordinate with Owners on project loan financing.
  15. Manage project close-out process upon completion by ensuring all financing activities and requirements are carried out in a timely manner.
  16. Review and analyze monthly working paper files, including bank and balance sheet reconciliations, record project journal entries, and ensure that financial information provided is timely and relevant for effective decision-making.
  17. Support compliance filings, financial reporting requirements, year-end audit preparation, special projects, department initiatives, and ad hoc tasks that arise from time to time.
  18. Determine areas of risk, process gaps, and inefficiencies and seek solutions for improvement.

Requirements

  • Bookkeeper or CPA with five or more years of accounting experience in the real estate development or construction industry with at least 3 years in construction accounting.
  • Proven experience with progress draw processes and lender coordination.
  • Extremely high proficiency in Microsoft Excel, Outlook, and Microsoft Office suite.
  • Extremely high proficiency in Sage.
  • Expertise in long-term, complex, multi-phase development projects.
  • Comprehension of legal entity organizational structure.
  • Experience with cash management, budgeting, and financial reporting.
  • Ability to create complex financial modeling and present project information to various levels of management and comfortable taking an active role in project meetings.
  • Excellent interpersonal skills with the ability to communicate professionally to all levels of the business.
  • Critical thinker with strong analytical and problem-solving capabilities.
  • Outstanding ability to multi-task and attention to detail.
  • Can work both independently and collaboratively with a variety of colleagues.

What We Offer

  • Comprehensive health, dental, and visual care benefits plan.
  • RRSP program (with employer matching).
  • Vacation accrual (begins immediately).
  • Free On-site Parking.
  • Access to Continuing Education and Training Reimbursements.
  • Paid Time Off.
  • Casual dress.
  • Company events.
  • Employee Assistance Program.
  • Free Access to On-site Fitness Facilities.