Project Accountant

Job DescriptionThe project accountant is responsible for handling project billings, client questions and inquiries. They provide financial administration support for complex cost plus and IPD projects, ensuring accuracy of accounting functions, controls and reports.Roles and responsibilitiesReview contracts and attend project startup meetings to gain a thorough understanding of the billing setup on the projectSet up project billing templates in accordance with the contract to ensure that all recoverable costs are accurately captured within the billingPrepare monthly project billings and meet with the Project Manager to review issues identifiedPrepare billing audits on cost plus projects to ensure costs are accurately capturedIdentify areas of the billing which can be used to maximize recoverable allowancesComplete job cost adjustments as needed to correct billing issues and align with contract requirementsFollow up on overdue billings bringing to the attention of the Project Director and working with them to prepare interest invoices as neededTrack builders’ lien rights on projects ensuring the period does not pass prior to payment being received, escalate as needed to the District Manager and ControllerEnsure project compliance with Prompt Payment legislation, coordinating with the Project Manager and Accounts Payable team to ensure all subtrades are paid on timeManage pay when paid payment terms by directing the Accounts Payable team to make subcontractor payments, upon receipt of payment from the customerWork closely with the Accounts Payable team to ensure costs are entered and approved in a timely mannerOversee all subcontractor invoices, ensuring compliance to contract terms and conditionsManage financial risk by overseeing the payment controls of subcontract payments (WCB, insurance, contracts, bonds, pay when/if paid terms).Oversee the preparation of weekly payment files for processingPrepare monthly accruals, reviewing invoices with Project Managers for accuracy and following up on changes that are neededOversee managing all trade discounts to ensure they are processed accurately and in a timely mannerAbility to mentor members on the billing and AP teams and be the main resource for the billing team with complex IPD and CM projectsReview cost report and monthly project status report for accuracy and identify large discrepancies in budget v. actuals ahead of forecasting and assist project team with forecasting prepMonitor and ensure compliance with Chandos processes/policies.Travel to site for or attend virtual big room meetings with clients and partnersAssist with the setup of JV projectsPerform other duties as requested by the Accounts Receivable Supervisor.QualificationsDiploma in Accounting4 year university degree in Business/Finance in progress or completed is an asset5+ years of experience in Accounts Payable or Accounts ReceivableExperience in the construction industry is an assetComputer literate, with effective working skills in Microsoft Word, Excel and Outlook. Additional InformationChandos is an equal opportunity employer and we are committed to a diverse, equitable, and inclusive culture and this includes our recruitment and hiring process. We recognize that our differences are our greatest strengths. We uncover talent. We nurture talent. And then we give people the tools they need to use their talent to create a positive impact.We are 100% employee owned. Every person who works for Chandos can become an owner. There is only one class of units at Chandos, because we believe everyone should be treated equal. We talk about being an entrepreneurial-minded organization and you can be sure we mean itCompetitive wagesWell rounded employer paid benefits program including health, dental, vision care and employee assistance programRRSP matching program to aid and prepare employees for long-term financial securityEducational assistance for employees who wish to pursue job-performance enhancing educationRecognition and annual salary reviews programLeadership conferences that allow employees to connect and collaborateRegular company-wide engagement opportunities