Job DescriptionAs a Project Accountant Lead, you will have the opportunity to advance your career while engaging in challenging work. This high-demand, fast-paced position is focused on enhancing project financial performance. You will work closely with the project team providing financial oversight on time entry, billing, and revenue recognition, while supporting internal and external reporting requirements. This role offers a dynamic environment for professional growth and the chance to make a significant impact on project success.
What would you be doing?- Lead and coach a team of Financial Transaction Coordinators, ensuring timely time entry, client reporting, and billing processes. Drive the team to meet daily targets, as these processes impact Days Sales Outstanding (DSO).
- Hands on accounting ensuring timely client reporting, and billing processes to meet daily targets, as these processes impact Days Sales Outstanding (DSO).
- Oversee month-end close activities for assigned districts, including capturing all time entries, processing A/R invoices, and creating accruals for the GL. Review GL and project transactions to ensure accuracy, investigating and resolving anomalies.
- Prepare and present detailed variance analysis on revenue changes and margin drivers, providing insights into margin erosion and performance trends.
- Facilitate weekly A/R and WIP aging meetings to address past-due transactions and invoices, develop plans to expedite invoicing, and manage holdbacks, ensuring timely releases. Escalate aging issues as needed to expedite payments.
- Generate weekly and monthly reports on project performance, non-billable costs, and working capital aging.
- Collaborate with Operations for project setup, rate analysis, and customer requests, including audits and ad-hoc reporting.
Perks of the job- Competitive compensation.
- Health coverage for you and your family.
- RRSP matching.
- Opportunity for internal development and growth.
Qualifications- Minimum of 5 years' experience in Project Accounting, preferably in the Oil & Gas industry, with expertise in forecasting, project profitability analysis, and handling customer audits.
- Experienced team leader, collaborative, self-motivated, and highly organized, with the ability to operate efficiently under pressure while maintaining confidentiality.
- Experience with client contracts, payment terms such as Time & Material or Cost Plus, burden reimbursement, and project cost control, including labor, materials, and services. Proficient in accounts payable/receivable processes, month's end and MS Excel.
- Excellent analytical, written, and verbal communication skills, with a high level of accuracy and precision in repetitive tasks. Skilled in word processing and presentation tools.
- University Degree in Accounting or Finance; pursuing or holding a CA, CMA, CGA, or CPA designation. Experience with IFS and a track record of supporting DSO improvement are assets.
Additional InformationAs a condition of employment, qualified applicants who accept the role must complete a satisfactory pre-employment Background Check.
