Project Accountant

Description

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

Requirements

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

Benefits

• 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 a parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks.
• A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.
• 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 license fees per year for eligible employees if directly related to the employee’s role.
• A convenient, central location in downtown Toronto at 1 Dundas Street West that is easily accessible by public transit.
• Access to IO’s Healthcare Spending Account to top up expenses not covered in the benefits package and Lifestyle Account that expands the eligibility of health and wellness options and includes coverage for gym memberships and fitness equipment, nutrition counselling, and financial planning.
• Access to a suite of virtual healthcare options to support non-urgent medical needs
• A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.

Training + Development

Interview process

Visa Sponsorship

Security clearance