Valard Construction LP Looking for Project Accountant 1 at Edmonton, Alberta, Canada Full Time

Valard Construction LP is one of Canada’s largest powerline contractors, serving clients in both public & private sectors. We offer construction services in overhead and underground transmission and distribution systems, substations, fiber optics, as well as substation and transmission foundations.

Valard Construction LP is looking to fill the position of Project Accountant 1. Reporting to the Manager, Project Accounting. This position is based out of our Edmonton office, the Project Accountant 1 will work closely with the Project Managers in maintaining project controls and responsible for budget management, financial reporting and compliance with accounting standards and company policies, performing project analytics and assisting in the month end processes of the company.

Requirements

KEY (CORE) DUTIES AND RESPONSIBILITIES:

Job set up and close out

Participate in creation of the Day One Budget based upon tender documentation.

Meet with all stakeholders to review and finalize project budget.

Setup of Job Master, Cost Codes and budgets in JD Edwards.

Maintain job master data integrity between JDE and Quanta’s consolidation tool.

Support the budget change management process including entering budget revisions for both cost and revenue. Work with the project managers and legal team for analysis of unapproved change in order to correctly record and report cost and revenue.

Perform job close out analysis and tasks.

Project Cost Management

Provide support to the field staff for proper coding of third party to projects using purchase orders.

Organize and facilitate mid-month PO review meetings with project managers, buyers and receivers in order to maintain accurate open commitments.

Prepare mid-month report packages and review with project management team.

Month and year end procedures

Organize and facilitate month end cost accrual meetings with the PM, buyer and receivers in order to gather and enter cost accrual information.

For non-percentage of completion jobs:

Organize and facilitate the monthly forecast meeting with the PM, operations director, regional VP and project controls. Determine the estimated revenue, cost and margin at completion.

Provide executive summary of variance analysis for current forecast to budget, current forecast to prior forecast, anticipated margin (margin with unapproved change) and billed margin to estimated margin. Organize and facilitate second level reviews of the forecast with C-Level executive when required.

Load approved revenue and estimate at completion data into JDE for profit recognition entries.

For percentage of completion jobs:

• Provide cost and revenue by work order reports to the project management team.
• Work with the project management team to identify unbilled units at the end of the month in order to calculate unbilled revenue
• Where possible margin by cost type analysis in order to determine if all billable costs have been recovered
• Prepare margin analysis comments for monthly vs job to date results.
• Validation of job data to trial balance (i.e. direct vs indirect and correct balance sheet classifications)
• Support consolidated reporting up to Quanta for monthly rolling forecast, variance analysis, etc.
• Balance sheet reconciliations including:
• Unbilled revenue reconciliation and analysis including breakdown of unbilled revenue into late, claim, timing, etc.
• Accrued liabilities reconciliation and analysis
• Received not Vouchered analysis and cleanup.
• Audit Preparation and Support
• Respond to field directed accounting questions.
• Compile information for internal and external auditors as required.
• Audit supplier invoices back to contract and bid documentation.
• Preparation and administration of client billings including all applicable backup per contract terms and conditions, including but not limited to
• Verify that all charges billed to the client can be backed up with the original input documents
• When necessary pull any required invoice backup in order to issue invoice timely
• Review any unbilled issues.
• Review A/R on assigned projects and follow-up for collections where necessary.

Education & Experience

• The ideal candidate will be working towards or possess an accounting designation. Equivalent work related experience will be considered.
• Minimum 5 years progressive experience in the construction industry.
• General Accounting experience is required.
• Experience with JD Edwards or SAP is preferred.
• Strong Microsoft Excel proficiency.
• Advanced experience with Job Costing Management, Project Analytics, and WIP Reporting.
• Experience with Job Structure Set-up, Project Forecasting and Budgeting.
• Strong understanding of Construction Revenue Recognition principles.
• Good communication skills and the ability to work independently or as part of a team are essential
• Must have a proactive personality.

Benefits

Valard Construction LP is an equal opportunity employer, committed to a diverse workforce. We offer a competitive salary and a complete range of employee benefits.

We thank all applicants for their interest. All applications will be reviewed to determine which candidates’ education and experience best meets the needs of the position. Only individuals selected for interviews will be contacted.