Project Accounting Analyst, Senior

Hatch•Mississauga, ON

24d•Hybrid

About The Position

This is a Senior Analyst role within the Shared Services group, specifically in Finance. The position will participate in major project analysis and reporting across the company’s global major project portfolio. The role involves reviewing and reporting on various project issues from a corporate finance oversight perspective. In collaboration with cross-functional teams, the Senior Analyst will work with and report to the Project Reporting Manager, Global Finance. Key responsibilities include ensuring adherence to company governance requirements, analyzing project information from a finance/accounting perspective, applying proper revenue recognition, and conducting project financial risk and opportunities analysis and reporting. Additionally, the Senior Analyst will lead the joint venture accounting for a major infrastructure project involving two related joint ventures with three partners each. This hands-on role will manage the project/JV accounting and invoicing from setup to full reporting, ensuring collaboration with partners, project management, controls, commercial groups, and corporate finance/accounting/systems teams. This includes understanding JV agreements, utilizing corporate financial systems (SAP), collaborating with JV partners, executing accounting in accordance with IFRS and corporate policies, preparing monthly financial statements, and performing project analysis for JV Executive Committee members and corporate teams.

Requirements

Bachelor’s degree in accounting or finance or other relevant disciplines
Minimum 10 years of relevant experience, preferably in engineering and construction company environments
Extensive exposure and/or experience in project accounting, project financial controls and reporting, commercial/contract review and analysis in lumpsum and turnkey projects, cost reimbursables and fixed priced projects, consortium and alliance contracts, design-build and multinational joint venture projects.
Good oral and written communication skills
Proficient computer skills: Company reporting systems (SAP) and other standard MS Office tools
Advanced level Excel skills
Analytical and problem-solving skills to conduct comprehensive financial analysis, assessment and evaluation of projects and to identify potentially contentious issues and over-runs that may expose the company to financial risks
Knowledge and/or experience in project accounting, analysis, controllership, risk management and reporting best practices in large, complex multi-billion-dollar projects in mining, metals, infrastructure and energy environments.
Knowledge and/or exposure to the complexities of project invoicing, outstanding billed and unbilled reporting etc.
Knowledge of/or curiosity to learn project management and cost management cycles (cost baseline, variance analysis, forecasting EAC, contingencies and reserves etc.), to help understand projects better in project reviews.
Self starter that has good attention to detail

Nice To Haves

Preferably a recognized accounting designation (e.g. CPA/CA/CMA/CGA) and/or AACE cost control certification (CCP)
Power BI – good to have

Responsibilities

Participate in corporate reviews and reporting of global major projects.
Learn and gain a deep understanding of the company corporate finance and project operational systems and procedures as they apply to projects.
Help maintain, develop and refine project reporting tools and templates, currently primarily excel based.
Assist in various project reviews, using corporate financial systems and tools as well as in collaboration with other corporate teams, business unit management, and project management.
Help in reporting of results of global major projects reviews.
Assist and help coordinate information around global major projects for the annual external financial statement audit.
Handle the Project/JV accounting and invoicing of a large project from project set-up to running the full JV accounting and reporting.
Ensure proper collaboration with joint venture partners, project management, project controls and commercial groups, and various areas of corporate finance, accounting and systems.
Understand the JV agreement in areas of project financial management and accounting to properly execute contractual deliverables.
Understand corporate financial systems (SAP) and company procedures to help facilitate project execution of the JV accounting deliverables.
Collaborate with project and corporate teams of both JV partners to ensure proper data capture into the JV systems for project invoicing, profit distribution, payments and financial reporting.
Execute the JV accounting in accordance with IFRS standards and corporate policies, treating the JV as a separate company with its own general ledger, receivables, payables, balance sheet, income statement, etc.
Prepare monthly financial statements for distribution to JV Executive Committee members, and corporate teams.
Prepare various project analysis that support the project and corporate teams understand their share participation and expected fees as part of the monthly financial reporting.
Other duties that may arise.