Project Accounting

4 weeks ago

Toronto, Ontario, Canada Intero Integrity Full time

About the company:

Intero Integrity Services is the world's only inspection and industrial services specialist to combine innovative technologies, critical insights, state of the art equipment and advanced data management with a streamlined project approach. We are an agile company with a sizable backing and an enhanced management team dedicated to redefining asset performance. Intero is dedicated to significantly increasing the lifetime and performance of industrial assets and installations. By combining our extensive range of inspection and industrial solutions, we have the ability to create unique packages and turnkey solutions, adding value in keeping industrial assets safe and efficient. Due to our rapid growth, Intero Integrity Services Americas Region is searching for an experienced Project Accountant to join our team in Toronto, ON, Canada.

Job Overview:

We are seeking an experienced Project Accountant with strong project accounting experience to join our dynamic regional finance team. The ideal candidate will have a solid finance skillset, possess high attention to detail, an aptitude for learning, is self-motivated, yet thrives in a team environment.

This position reports to the Americas Regional Finance Manager and is responsible for collecting and thoroughly processing all administrative and financial data for projects ensuring accurate and timely customer invoicing, revenue recognition, and job profitability measurements.

Responsibilities:

Financial Management, Reporting, and Cost Control:


• Oversee and manage project budgets, ensuring all financial activities align with project goals and timelines.


• Track and reconcile expenditures against approved budgets, identifying variances and providing actionable recommendations.


• Analyze project costs to identify trends and opportunities for cost savings while maintaining project quality.

Billing and Invoicing:


• Manage the full financial lifecycle of projects (Revenue Recognition, Project Accruals, and Closures) based on POC/Milestones and Collaborate with project managers to efficiently close completed projects, ensuring all financial aspects are accounted for and comprehensive final financial reports are delivered to stakeholders.


• Prepare and manage accurate client invoices, ensuring adherence to agreed upon terms, conditions, and timelines.


• Develop and maintain payment schedules proactively, following up on overdue accounts to ensure timely collections.


• Investigate and resolve billing discrepancies by liaising with internal teams and clients to maintain financial accuracy.

Compliance and Documentation:


• Maintain comprehensive and up-to-date financial records for global projects, ensuring all transactions are properly and timely documented.


• Conduct regular reviews to ensure compliance with contract terms, company policies, tax regulations, and audit requirements.


• Prepare and organize financial data to support audits and regulatory inspections effectively.

Process Improvement:


• Document, develop, and maintain comprehensive documentation for accounting processes, creating clear guidelines for internal use.


• Identify inefficiencies or redundancies in current workflows and implement process improvement solutions, such as automation tools or revised processes, to improve productivity and mitigate errors.

Project Participation:


• Join as finance partner in cross-functional projects, such as ERP implementations, software upgrades, or operational

Process improvement projects, ensuring accurate integration of accounting practices.


• Contribute to initiatives aimed at improving financial systems and processes, from scoping requirements to testing and deployment, ensuring solid alignment with business needs.

Soft Skills and Professional Development:


• Collaboration and Communication: Work effectively with cross-functional teams, communicating financial insights and building strong relationships with internal and external stakeholders.


• Problem Solving and Analytical Thinking: Demonstrate critical thinking and a proactive approach to resolving accounting discrepancies and improving processes.


• Leadership and Mentorship: Guide other team members, fostering their professional development while maintaining a collaborative and supportive team environment.


• Adaptability and Time Management: Thrive in a fast-paced environment, managing multiple priorities and meeting tight deadlines without compromising accuracy or quality interactions.

Experience and Qualifications:


• Minimum 5 years professional accounting experience with project or general accounting (preferably in industrial services industry).


• Proven track record of operating in a professional environment and known for delivering exceptional results for both internal & external customers.

Education:


• Bachelor's degree in accounting, Finance or Business


• MBA preferred

Considered Assets:


• Experience in Oil & Gas, Energy, or industrial services industry


• Business Central experience


• Full cycle accounting experience


• CPA (Chartered Professional Accountant in Canada) designation or in progress

We are Proud to Offer our Employees:


• Competitive wages and a bonus system based on company performance


• Hybrid work schedule (3 days in office).


• Engaging company culture that encourages teamwork and rewards both team and individual achievement.


• You can make impact by shaping the finance department and improving processes/procedures, teamwork, and reporting.


• A technical, professional and challenging work environment in a growing business.


• Comprehensive Benefit Package including Health, Dental, Vision, Life and AD&D Insurance, Paid Time Off (PTO), and RRSP match with immediate vesting.

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