The Project Accountant will work under the guidance of the Construction Controller within the accounting team. The Role you will be responsible for multiple large multi-family construction/development projects, including the following tasks:
• Prepare monthly progress draw
• Prepare bank reconciliations
• Code and enter invoices, ensuring accuracy along with collection of approvals and matching supporting documents
• Prepare payments; coordinate approval signatures
• Reconciliation of GL/WIP and GL/AP sub-ledger accounts
• Reconcile AP balance with suppliers; follow up on discrepancies
• Filing monthly GST returns
• Monitor and ensure accuracy of costs coded to assigned projects
• Monitor project costs and report unexplained variances
• Liaise with project managers, sub-trades, suppliers, management and other project staff
• Monitoring holdbacks, including reconciliation of release • Maintain project related records • Maintain integrity of GL for construction and development projects
• Follow all aspects of month-end close activities
• Inter-company reconciliation
• Research and respond to accounting and financial inquiries on projects
• Other functions or activities as may be assigned from time to time
Ideally you bring 3 to 5 years of real estate (high-rise) construction or development accounting experience in Canada, along with formal accounting training from a recognized institute. You are a positive, self-motivated professional with excellent communication and relationship-building skills.
Your experience and qualifications include:
• 3 to 5 years of experience as a Project Accountant in construction in Canada; experience in high rise construction is mandatory
• Construction loan draw
• Costing & budget/cost variance analysis
• Total A/P responsibility
• Preparation of GST returns; familiarity with GST rules/requirements
• Familiarity with subcontractor contracts, progress draws, change orders, holdbacks, contract reconciliation
• Experience taking a high-rise project from land acquisition to completion is considered an asset
• Ability to adapt to changing priorities and manage multiple projects simultaneously
• Supervisory experience an asset
• Strong working knowledge of MS Office applications and Sage 300 CRE or similar accounting software
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