Project Accountant

The Project Accountant must have experience working in the construction and cost accounting fields, and with contracts, accounts payable, accounts receivable and billing.

JOB DESCRIPTION:    The Project Accountant must have experience working in the construction and cost accounting fields, and with contracts, accounts payable, accounts receivable and billing. 

This includes monitoring the progress of the Company’s projects, project cost, revenue and margin reporting, investigating variances, and ensuring that project billings are issued timely and payments collected.

This position includes but is not limited to maintaining timely and accurate cost information in Sage 300CRE (Timberline) in compliance with corporate policies.

POSITION STATUS:     Fixed-Term Contract

DIRECT REPORT:        Manager - Financial Planning and Business Analysis

                                    Project Managers (Indirectly)

WORK HOURS:             8:30 am-5pm, one-hour lunch

ESSENTIAL FUNCTIONS:

• Provide integral accounting support for the following functions:

                I. Draft, review and analyze Company budgets, latest estimates and revisions to budgets

                II. Perform financial analysis on Company and project performance

                III. Oversee the analysis of project performance and Cost-to-Complete (CTC) processes

                IV. The Project Budgeting process

                V. Prepare Company and project profitability reports for management on a monthly basis

                VI. Prepare project revenue reports and report to management on any opportunities for additional billing

• Attend and contribute to Senior Management meetings to review project performance and cash implications
• Obtain copy of contract for each project and familiarize him/her with financial aspects of the contract.
• Meet regularly with the Project Managers, Engineers and Accountant to understand the specific needs of each job and determine where assistance is needed.
• Review and verify the commitments, subcontractor change orders and general conditions cost between Timberline to ensure software accuracy.
• Accounting for all project cost and revenue.
• Track project progress and related cost. Predict future cost
• Investigate project variances and submit variance reports.
• Review and approve overhead charges to be applied to project
• Integral in the month end close process. Ensure all related cost are captured and issue resolved.
• Provide accounting support for project managers and administrators
• Compile information and reports for external auditors as required
• Maintain inventory management system on project site.
• Maintain Inventory of Fixed Asset of project site
• Follow all corporate policies and report any inconsistencies.
• Provide any supplemental reports/documentation as may be required.
• Verify all figures on the Project Status Report and complete Project Accounting section on a monthly basis.
• Full working knowledge of budget, contingency, and profitability of projects
• Additional responsibilities may be added by the department or project as necessary.
• Able to adapt to a flexible, fast-paced and dynamic work environment consistent with WIHCON’s core values and mission statement

QUALIFICATIONS/SKILLS:

• Knowledge & understanding of acceptable financial, accounting principles and procedures
• Possess excellent analytical skills
• Excellent and energetic team player
• Detail oriented, results driven, confident and forward-thinking individual
• Strong work ethics, organized, excellent leadership abilities combined with excellent written and oral communication
• Knowledge in cost accounting and experience in the construction industry would be an asset
• Strong time management skills.
• Expert computer skills, specifically in Timberline and Microsoft Office (Excel, Word, etc).

 EDUCATION AND WORK EXPERIENCE:

• ACCA Level II or BS degree in Accounting or related business degree preferred.
• Minimum of three or four years of cost accounting or construction accounting