Project Accountant

1 week ago

Calgary, Alberta, Canada CANA Group of Companies Full time $60,000 - $90,000 per year

Who We Are
CANA has been a respected and trusted service provider in Alberta for over 80 years. Over those years, we have developed a reputation for delivering projects safely, on budget and on schedule. We provide quality design and construction strategies and solutions to our clients using a think-straight, talk-straight, do-it-right-once approach with no surprises. We're known for some of the city's most iconic buildings including the Saddledome, Taylor Family Digital Library, Bella Concert Hall at Mount Royal University, and the ATCO Commercial Centre. Come join a company where you can be involved in the next iconic project to help shape the Calgary skyline for the future.

CANA is part of an exciting, challenging, and evolving industry that offers a great foundation for a rewarding career. As leaders in the Construction Industry our resume includes a myriad of projects ranging from small facility renovations to commercial/industrial complexes, aviation hangars, recreation and sports facilities, educational institutions, and high-rise buildings.

THE ROLE
To perform timely and accurate billing and project financial reporting, as well as monitoring key controls to support strong project financial management.

Key Accountabilities/Responsibilities

  • Assist project managers in setting up and maintaining project and contract coding system in the ERP system. Review budget and estimates set up.
  • Assist project managers with review of transactions posted to the accounting system from the job sites.
  • Review project cost forecasts and percentage completion estimates. Coordinate with project managers to understand and explain changes in forecasts and profitability.
  • Ongoing communication with project managers, site staff and head office regarding projects and changes to expected financial results.
  • Facilitates monthly project review with the Business Unit and Finance group to discuss financial status of projects, issues and follow up action items. Post project cost and revenue accruals and perform GL to subledger reconciliations at month end.
  • Prepares Monthly Business Unit Reporting Package and various ad hoc project reports as may be required.
  • Assist project managers in understanding accounting, administrative and internal control procedures.
  • Timely and accurate monthly billing and holdback release. Follow up on collections, and update comments in accounts receivable.
  • Coordinate the closing of jobs in the accounting system.
  • Identify, research and assist in implementing more efficient processes for project cost reporting and billing.
  • Recommend updated policies and procedures applicable to project accounting and reporting.
  • Assist in preparation for annual financial audit and client project audits.
  • Assist and/or leading with special projects relating to job costing as may be required.
  • Collaborates with the Accounting team, supporting the various needs from time to time.

What You Bring
To be successful in the role applicants will have:

  • Bachelor's degree in Business, Commerce, or related field.
  • An accounting designation or progress towards a recognized accounting designation.
  • Minimum 5-year experience in project accounting
  • Advanced knowledge of Job Cost Accounting principles, practices and procedures
  • Strong analysis and problem-solving ability to meet client and company needs.
  • Proficient in Excel and prior experience with an ERP system.

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