Project Accountant

6 days ago

Markham, Ontario, Canada Accounting Advantage Full time

Project Accountant

North York

$75-80K

About the Role

We are seeking an experienced
Project Accountant
to oversee the financial performance of multiple construction projects ranging from
$10M to $100M+
. Reporting to the Controller, this role ensures strong financial governance, accurate reporting, and consistent application of best practices. The Project Accountant will play a key role in analyzing job profitability, managing project budgets, overseeing payables and receivables, and maintaining strong relationships with vendors, trades, and clients.

Key Responsibilities:

Accounts Payable (AP) Management

  • Oversee the full AP cycle, including receipt, verification, coding, and processing of vendor invoices.
  • Ensure invoices align with contracts, purchase orders, and supporting documents; investigate and resolve discrepancies promptly.
  • Prepare and execute weekly payment runs (EFTs, cheques, and other disbursements), ensuring accuracy and approval compliance.
  • Reconcile vendor statements and maintain accurate AP aging reports.

Accounts Receivable (AR) Management

  • Generate and allocate timely, accurate billings in coordination with the Project Management team.
  • Work directly with clients to ensure billing requirements and timelines are met.
  • Provide supplemental documentation as needed.
  • Post cash receipts and monitor collections to maintain strong cash flow.
  • Perform frequent, detailed project reconciliations.

Project Costing & Budgeting

  • Oversee monthly project costing and budgeting, ensuring all variances are identified and accounted for.
  • Review and ensure accurate, timely billing of all change orders.
  • Prepare monthly project summaries, including cost and revenue analysis.

Financial Reporting & Analysis

  • Analyze monthly payroll and prepare related journal entries.
  • Complete monthly bank reconciliations and report on cash position to the Controller.
  • Review, prepare, and file monthly HST returns.
  • Assist with year-end working papers and support external auditors as needed.
  • Contribute to monthly project forecasting and variance analysis.

Qualifications

  • Minimum
    3+ years of experience
    in construction accounting, project accounting, or a related field.
  • Experience supervising or mentoring team members.
  • Strong written and verbal communication skills.
  • Experience with
    Premier Construction Software
    considered an asset.

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