5+ years in Project Accounting, ideally in Oil & Gas sector.
Strong knowledge of client contracts and project cost control.
Proficient in accounts payable/receivable and month-end processes.
Excellent communication and analytical skills with attention to detail.
University Degree in Accounting/Finance; CA, CMA, CGA, or CPA preferred.
Responsibilities
Lead a team of Financial Transaction Coordinators to ensure timely reporting and billing.
Oversee month-end close activities and ensure accuracy of financial records.
Facilitate weekly meetings to manage past-due transactions and expedite payments.
Generate reports on project performance and collaborate for project setup.
Maintain complex Work Breakdown Structures for cost tracking.
Prepare billing packages and compliance reports for oil sands operators.
Perform trend calculations and variance analysis to predict project outcomes.
Benefits
Health coverage for you and your family.
RRSP matching.
Opportunity for internal development and career growth.
Competitive compensation.
Full Job Description
Job Description
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).
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.
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.
Develop and maintain complex Work Breakdown Structures (WBS) to ensure accurate cost collection and alignment with the master project schedule.
Lead the preparation of monthly progress billing packages and "Stewardship Reports" for major oil sands operators, ensuring compliance with specific contract terms (Cost Plus, Unit Price, or Fixed Price).
Perform trend calculations to identify potential cost overruns early. You will calculate Variance Analysis and use Earned Value Management (EVM) metrics to predict project outcomes.
Quantify and track Change Orders (COs) and Project Variance Notices (PVNs). You'll ensure that all extra work is documented, approved by the client, and integrated into the budget.
Monitor field commitments, labor productivity, and equipment utilization rates against the baseline budget.
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.
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.
Experienced team leader, collaborative, self-motivated, and highly organized, with the ability to operate efficiently under pressure while maintaining confidentiality.
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.
