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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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