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Project Accountant


This is a Contract position in Vaughan, ON posted March 17, 2023.

This position reports to the Manager, Project Accounting and provides support to Project Managers throughout the financial lifecycle of projects ensuring accurate, timely and complete information for all accounting activities from project set-up, cost recording, revenue recognition, project forecasting and project closure for Fer-Pal’s Canadian and US business entities Responsibilities Provide project accounting support and oversight on a portfolio of projects with multiple Project Managers.

Review proper allocation of all costs and expenses to projects, and perform re-allocations as needed.

Attend regular meetings with Project managers and Project coordinators on the financial status of projects.

Ensure timely project reviews are performed, in preparation for month-end close.

Review estimates at completion for both revenue and cost, for proper revenue recognition at month-end.

Accurately reflect the financial status of projects by ensuring timely recording of all cost and revenue transactions.

Coordinate and review with other team members who enter the transactions.

Ensure project is setup in the ERP and updated on a regular basis including capturing change orders and PO’s.

Review contract documents, client POs and backup documentation to ensure compliance with audit and internal controls.

Assist the Project Accounting manager with project related reserves as required (i.e.

Estimate at Completion adjustments, Accounts Receivable, Work in Progress, Legal claims) and proformas.

Perform month end close accrual entries and adjustments as required.

Review monthly invoices provided by the PMs for accuracy, and record billings in the ERP.

Record cash receipts as they come.

Possess strong understanding of revenue and costing methodologies and provide expertise to the Project team.

Train and educate project managers on the use of the ERP, to import and update required data for reporting.

Assist with external and internal project audit requirements.

Perform and support project-related control procedures.

Prepare ad hoc project related financial reports from time to time as requested.

Capabilities and Experience Required Minimum three years of project accounting experience in construction industry.

Post secondary education in Finance or Accounting CPA Financial designation in progress Ability to correctly identify financial situations and produce logical solutions to support the project team Demonstrate strong organizational, interpersonal, communication, problem solving, and analytical skills as well as a keen willingness to work independently Working knowledge of Viewpoint and Spreadsheet Server software an asset Excellent numerical, verbal and written communication skills, with keen attention to details Able to prioritize and thrives in a high-volume workload and fast paced environment Able to develop and maintain effective working relationships with all members of Fer-Pal team Fer-Pal Infrastructure is an entrepreneurial leader in water-main rehabilitation services in North America.

With a 30-year award-winning history of ensuring clean and safe water for municipalities in Canada and USA, Fer-Pal continues to grow rapidly as a result of our leading-edge team, innovative technology, and customer excellence.

Once again, to keep pace with customer demand, Fer-Pal seeks to hire a Project Accountant for our North York office.

This is an excellent opportunity to join a growing team and earn competitive hourly wages and additional rewards including employer paid health benefits, an RRSP contribution and matching program, overtime and per diems for travel, in-house training, and potential career advancement.

Fer-Pal Company Mission: FER-PAL would like to create a long term, sustainable, continuously growing, well managed business.

FER-PAL will remain the predominant player in pipe rehabilitation – now and in the future.

FER-PAL must create and sustain a culture that prizes safety, family, quality products, workmanship, innovation, high profitability, professionalism, great customer service.

While interest from all applicants is appreciated, we regret that we will only be able to contact qualified candidates.

In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Fer-Pal will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations.

If you require a specific accommodation because of a disability or a medical need, please advise us in your application.