Senior Project Accountant

Beedie•Burnaby, BC

56d•$95,000 - $105,000

About The Position

Operating as the financial lynchpin of the project, the Senior Project Accountant (âSr PAâ) will bring together multiple stakeholders and budget owners to manage and oversee the financial performance of the project and related entity. Responsible for ensuring all steps of project accounting are complete in accordance with the underlying contracts, including job costing, cost allocation, revenue, and billings.

Requirements

Experience in construction and development project accounting, with demonstrated exposure to external partner and lender reporting
An understanding of construction financing requirements, interest mechanics, and covenant reporting.
Capacity to connect with construction and development teams, understand their perspectives and communicate effectively with an operational mindset
Excellent interpersonal skills with a natural inclination for collaboration
An organized self-starter with a strong work ethic who can succeed both independently and collaboratively within a team environment
Proactively design and implement process improvements that enhance accuracy, efficiency, and consistency across project reporting, interest calculations, and financing metrics
Able to be flexible and manage multiple objectives, likely with competing priorities
Strong attention to detail balanced with an awareness of the bigger picture
University degree and accounting designation (CA, CPA, CGA, CMA) or in progress
Strong understanding of GAAP, REALpac and financial reporting
Intermediate to advanced knowledge of MS Office

Nice To Haves

Experience with Yardi ERP and Procore project management software is an asset

Responsibilities

Monitor project costs, prepare interim and final reports, and explain/investigate variances
Advise on coding of project costs and prepare reallocation entries as needed
Build financing proforma and manage collection of documents and reports required by lenders / QS
Prepare monthly bank draws and manage treasury function for project ensuring sufficient funds are available to cover costs in place; manage and report on project working capital
Prepare and update project cash flow models incorporating forecasts from budget managers and anchor to proforma values; attend project cost to complete meetings and provide relevant budget and cost information
Develop and maintain interest and financing-related KPIs, including: Interest carry and capitalization metrics, project IRR and return-based indicators, compliance with lender and partner reporting requirements
Prepare monthly progress draws/invoices and monitor related collections for external construction contracts; initiate payment for internal progress claims
Review subcontracts and purchase orders for supporting documentation, coding, and approvals
Assist project team in tracking specific project scopes that have special tax treatment. Advise on when tracking is necessary by reviewing project scopes and special proforma items
Review project invoices for correct coding and required change orders; follow up with budget managers
Manage Procore/Yardi integration for respective projects including adding vendors and syncing budgets and cost codes
Ensure Procore / Yardi workflows are set up with correct individuals
Review current contract balances with budget managers in conjunction with forecasts and advise on potential change orders required
Holdback and prompt-payment management for vendors
Review and understand project contracts (construction contract, JV agreement, lending agreements, development management agreement, etc.); enforce contractual terms with project teams and identify gaps to management
Lead the preparation, review, and delivery of monthly, quarterly, and ad hoc financial reporting packages for external partners, joint venture partners, and lenders including legal documentation for distributions and p-notes
Create, maintain, and update job records for new and existing projects
Ensure uploaded budgets align with approved project proformas
Advise on insurance values for GC projects
Monitor letters of credit and bonds requested by project team
Provide support / training to support groups for financial systems
Responsible for all Ontario projects
Prepare and review year-end files, ensuring audit-ready documentation and consistency with external reporting packages
Prepare project and entity financial statements, ensuring clear linkage between project reporting, general ledger, WIP, equity, and partner reporting
Prepare and deliver reporting to institutional partners for JV and development management arrangements
Prepare monthly and quarterly financial reports for internal and external stakeholders
Manage and maintain project trial balances and reconcile GL and WIP
Maintain the integrity of the general ledger for Land Development, Construction, Development and third-party development management projects
Prepare audit information and support related to Construction and Development transactions
Review SOAâs and prepare JEâs to record strata sales and construction revenue & cost of sales. Prepare entries to capitalize lease assets to various asset classes