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Project Accountant

Accounting Advantageabout 20 hours ago
North York, Ontario, Canada
CA$80 - CA$90/year
Senior Level
Full-Time

About the role

Project Accountant North York $80-90K

About the Role We are seeking an experienced Project Accountant to oversee the financial performance of multiple construction projects ranging from $20M to $50M+. Reporting to the Controller, this role ensures strong financial governance, accurate reporting, and consistent application of best practices. The Project Accountant will play a key role in analyzing job profitability, managing project budgets, overseeing payables and receivables, and maintaining strong relationships with vendors, trades, and clients.

Key Responsibilities: Accounts Payable (AP) Management Oversee the full AP cycle, including receipt, verification, coding, and processing of vendor invoices. Ensure invoices align with contracts, purchase orders, and supporting documents; investigate and resolve discrepancies promptly. Prepare and execute weekly payment runs (EFTs, cheques, and other disbursements), ensuring accuracy and approval compliance. Reconcile vendor statements and maintain accurate AP aging reports. Accounts Receivable (AR) Management Generate and allocate timely, accurate billings in coordination with the Project Management team. Work directly with clients to ensure billing requirements and timelines are met. Provide supplemental documentation as needed. Post cash receipts and monitor collections to maintain strong cash flow. Perform frequent, detailed project reconciliations. Project Costing & Budgeting Oversee monthly project costing and budgeting, ensuring all variances are identified and accounted for. Review and ensure accurate, timely billing of all change orders. Prepare monthly project summaries, including cost and revenue analysis. Financial Reporting & Analysis Analyze monthly payroll and prepare related journal entries. Complete monthly bank reconciliations and report on cash position to the Controller. Review, prepare, and file monthly HST returns. Assist with year-end working papers and support external auditors as needed. Contribute to monthly project forecasting and variance analysis.

Qualifications Minimum 3+ years of experience in construction accounting, project accounting, or a related field. Experience supervising or mentoring team members. Strong written and verbal communication skills. Experience with Premier Construction Software considered an asset.

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