Project Accountant

Infrastructure Ontario•Toronto, ON

7d•CA$72,200 - CA$84,200•Onsite

About The Position

The Project Accountant is responsible for project analysis, financial analysis, accounting, forecasting, budgeting and financial management of the General Real Estate Portfolio (GREP) Construction Projects.

Requirements

Experience in project accounting, within relevant areas, including construction/real estate/large-scale property management.
Detailed knowledge of accounting principles, including Public Sector Accounting Board Standards (PSAB), practices and procedures.
Knowledge of budgeting processes and financial analysis and management techniques.
Problem solving skills to troubleshoot accounting and business process issues.
Strong written and verbal communication skills to prepare and present reports and work with Project Managers and Project Management Service providers.
Proficiency in Microsoft Office suite of products, including advanced level Excel.
Proficiency in ERP Software, Yardi Voyager or similar and Project Management Software, Kahua or similar.

Nice To Haves

CPA designation or actively pursuing designation is considered an asset

Responsibilities

Prepare financial reporting and analysis of GREP construction projects for Infrastructure Ontario’s GREP finance group, project managers, client ministries and Provincial central agencies.
Review the project charter and relevant project documentation to identify capitalization requirement based on the capitalization policy.
Ensure compliance with Project contractual terms and conditions in relation to project setup, billing requirements and costing.
Monthly analysis of the Project’s value of work to budget and cost ensuring reasonability and following up as applicable.
Prepare monthly accounting entries and accruals for expenses and revenue by project.
Review project recoveries for accuracy, completeness, and compliance.
Ensure adherence to professional accounting standards, including capitalization and revenue recognition and accruals.
Participate in collecting the deliverables for project controls audit requirements.
Support the reconciliation and analysis of key balance sheet items and resolution of issues, including WIP, AR, AP and holdbacks.
Prepare reports and variance analysis of constructions projects for the Project Managers, Ministry clients, and financial reports including the quarterly financial statements.
Prepare monthly reporting on project costs by funding sources, nature and type of project.
Ensure the integrity of project data in the financial and project management systems.
Generate reports from accounting and project management systems as required to support financial reporting, analysis, budgeting and forecasting.
Participate in system analysis and identify opportunities for business improvement.
Responsible for compliance with documented accounting processes and is actively involved in implementing improvements and revising documentation accordingly.

Benefits

Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
A Defined Contribution Pension Plan, with Infrastructure Ontario contributing the equivalent of 5% of a full-time employee’s annual salary and will also match any employee contribution up to an additional 5% of their annual salary.
Group Retirement Savings Plan and Group Tax Free Savings Account to eligible employees.
A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks.
Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program.
A Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for gym memberships and fitness equipment, nutrition counselling or financial planning.
Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being.
IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee’s role.
Access to a suite of virtual healthcare options to support non-urgent medical needs.
A convenient, central location at 1 Dundas St West, easily accessible by public transit.