Project Accountant - Full time on site - Woodbridge
Compensation: $70,000-$84,000 + discretionary bonus + full benefits + 3 weeks vacation + sick days
Scope of the role:
The Project Accountant will be responsible for the full cycle accounting including accounts payables, accounts receivables, tax filings, general ledgers, bank reconciliations and financial reporting. The Project Accountant will oversee the financial aspects and assist in the maintenance of our book of accounts for our project companies.
Duties & Responsibilities:
Accounts Payable:
- Full cycle accounts payable, including matching documents, ensuring review and approval, issuing payments and the recording of transactions including holdback retainage
- Coordinate with Construction staff on the processing and approval of Purchase Orders and construction contracts
- Ensure that invoices are paid in a timely manner
- Coordinate cheque pick-ups with suppliers, reconcile AP statements and respond to payment inquires
- Oversee the maintenance of an orderly filing system for all invoices paid
- Prepare monthly reconciliation of project costs to date
Invoicing / Accounts Receivable:
- Prepare any impromptu invoices from project company as needed
- Ensure that accounts receivable are collected promptly
- Maintain orderly records of all accounts receivable invoices
- Prepare journal entries for purchaser closings in a timely manner
- Prepare monthly reconciliation of purchaser deposits
Tax Filings:
- Comply with provincial and federal government reporting and tax filing requirements
- Prepare payment for HST in a timely manner
- Assist in various government audits as needed
GL / Bank Reconciliation:
- Maintain accurate GL records
- Balance monthly bank reconciliations
- Maintain records of bank statements
Financial Reporting:
- Assist in maintaining updated budget and cost reports for multiple projects
- Issue monthly trial balance report for management review
- Issue monthly aged payable listings and holdbacks retained reports for management review
- Issue detailed GL reports for management review
- Assist in the provision of information to external Accountants at year end
- Assist in preparation, assembly and submission of monthly construction financing draw packages, as required
Requirements
- Accounting Bachelor’s degree, certification preferred
- 3+ years experience in an accounting department within the construction or real estate development industry
- Experience with a mid to high-rise development
- Residential portfolio experience an asset
- Monthly Draw Packages for cost consultant