Project AccountantWHAT YOU'LL DO:Role:The Project Accountantis responsible forthefinancial managementof customer implementation projects involving equipment installation, commissioning, engineering services, and ongoing service agreements. This role ensuresaccurateproject costing, revenue recognition, financial reporting, and project profitability throughout the project lifecycle.
As a trusted business partner to the Professional Services, Program Management, and Finance teams, the Project Accountant ensures project financials are complete,accurate, and compliant with U.S. GAAP and company policies. The successful candidate will play a key role in developing andmaintainingscalable Project Accounting and Field Service Management (FSM) processes while driving continuous process improvement, financial visibility, and operational excellence.
Responsibilities:
Project Accounting- Manage the financial accounting for customer projects from contract execution through project completion and closeout.
- Ensure project revenue and associated costs are recognized accuratelyin accordance withU.S. GAAP and company accounting policies.
- Support month-end and year-end close activities related to project accounting, including accruals, work-in-progress (WIP), projectreconciliation, and financial reporting.
- Assistwith internal and external audit requests related to project accounting, revenue recognition, and project costing.
Revenue Recognition- Develop andmaintaina strong understanding of revenue recognition requirements for various contract components, including:
- Equipment Commissioning Services
- Service Level Agreements (SLA)
- Extended Warranty Services (EWS)
- Review customer contracts to ensure revenue is recognized appropriately based on contractual terms and performance obligations.
- Partner with Professional Services and Program Management to ensure contract structures supportaccuratefinancial reporting and revenue recognition.
Project Costing & Profitability- Ensure all project-related costs are accurately captured,allocated, and matched to theappropriate projectsand revenue streams.
- Track andmonitorlabour, materials, subcontractors, travel, freight, installation expenses, and overhead allocations.
- SupportRevenueManagement Team withproject cost forecasts and estimate-at-completion analyses.
- Monitor project financial performance throughout execution,identifyingcost overruns, missing costs, profitability concerns, and financial risks.
- SupportRevenueManagement Team withvariances between forecasted and actual project results and recommend corrective actions whereappropriate.
- Partner with Professional Services,Program Management, and Revenue Management Teamto improve project financial reporting, cost accuracy, and overall project profitability.
Systems & Process Improvement- Develop a comprehensive understanding of project and financial data flows within NetSuite and supporting business systems.
- Serve as the Finance subject matter expert for Project Accounting and Field Service Management (FSM) processes.
- Lead the design, implementation, and continuous improvement of project accounting workflows andprocesses.
- Identifyautomation opportunities, strengthen financial controls, and improve the efficiency and accuracy of project accounting processes.
- Collaborate with cross-functional teams on ERP enhancements, system implementations, and process optimization initiativesas it relates to accounting for operations.
- Collaborate with FP&A and Revenue management team ondevelopmentof financial reporting, dashboards, and key performance indicators (KPIs) that provide visibility into project performance, profitability, and operational effectiveness.
Qualifications:- Bachelor's degree in Accounting, Finance, Business Analytics, Information Systems, ora related field.
- CPA designation or progress toward designation is considered an asset.
- 5-7 years of progressive experience in project accounting or financial accounting.
- Experience within manufacturing, technology, engineering, industrial, or professional services environments is preferred.
- Experience supporting installation projects, engineering services, or project-based costing is an asset.
- Strong understanding of project accounting methodologies, cost allocations, and project profitability analysis.
- Experience with ERP systems such as NetSuite (preferred), SAP, Oracle, or similar platforms.
- Advanced Microsoft Excel skills with strong analytical and financial modeling capabilities.
- Excellent analytical, organizational, and problem-solving skills with exceptional attention to detail.
- Strong communicationand interpersonal skills with the ability to build effective relationships across Finance, Professional Services, and Operations.
- Ability to manage multiple priorities and meet deadlines in a fast-paced, dynamic environment.
BenefitsWe are a company that is full of vibrant, innovative people who love what we do. Our comprehensive benefits package includes:
- Vacation and flex days, and paid company-wide shutdown during the holiday season.
- Comprehensive benefits including Dental, Drugs, Optical, Paramedical and Health Spending. These costs are covered by CoolIT and are enacted from your first day.
- Dress for your day - in a casual yet professional environment.
