PROJECT ACCOUNTANT – TEMPORARY POSITION

at  Strand

STRAND IS LOOKING FOR A PROJECT ACCOUNTANT – TEMPORARY POSITION

Strand is seeking a highly motivated Project Accountant for a temporary full-time position. This role will commence in January 2025 and continue through April 2026.

REQUIRED SKILLS & QUALIFICATIONS

• Post-secondary degree/diploma in Finance, Accounting or Business Administration
• Accounting designation (or working towards) is an asset
• High degree of accuracy and attention to details
• Strong analytical and organizational skills, able to multitask and work under changing priorities
• Strong interpersonal skills
• Superior communication skills, both written and oral
• Strong computer skills with proficiency in Microsoft Excel, Word and Outlook
• Experience with Yardi and Procore is an asset
• Positive energy and self-motivated
• Ability to work in a fast-paced, dynamic environment
• Efficient and effective time management, ability to meet deadlines while producing quality work
• Proactive team player as well as be able to perform independently
• Enthusiasm and genuine passion for real estate

Accounting Knowledge

• Display knowledge of accounting appropriate to the position and function.
• Assist in preparing and submitting accurate and timely client billings.
• Reconcile bank accounts and prepare GST returns.
• Record monthly interest payments and maintain loan schedules.
• Update various accounting schedules and assist with month-end journal entries

Project Planning and Monitoring

• Understand and execute the steps required for project setup.
• Coordinate with the Project Manager to approve invoices, release payments, and provide detailed reports as requested.
• Prepare, understand, and analyze draws to Owners; reconcile draws and review with the Project Manager.
• Issue payments according to trade contract and supplier payment terms.
• Administer subcontract documentation, including unsigned contracts, insurance requirements, bonding, WCB Clearances, and Statutory Declarations.
• Enter and reconcile monthly progress payments in accordance with Strand’s standard procedures.
• Reconcile subtrade billings and vendor and subcontract accounts as required; approve payments to suppliers/subcontractors.
• Process job cost transactions and generate job cost reports.
• Prepare and review job cost reports; analyze project budget variances and review with the Project Manager.
• Reconcile statements, generate required reports, prepare and analyze project-specific cash flows, review forecasts.
• Understand change order procedures and processes.
• Ensure billings of all fees and recoveries for a project; manage holdback reconciliation.

General Duties

• Assist the Project Manager, Manager & Controller in managing project costing, including the administration of contracts, change orders, accounts payable, accounts receivable, and required documents such as bonds, Statutory Declarations, WCB Clearances, Project Safety Reports, and documents for holdback release within a given project.
• Be familiar with project start-up dates, progress, and completion dates.
• Manage time schedules as determined by project size, work schedule, and scope of work.
• Review contracts issued by the Project Manager.
• Possess personal knowledge of contract specifications for application to costing management.
• Ensure only legal company titles are used.
• Note and track any special contract requirements (e.g., project bonding).
• Verify WCB status of subcontractors and ensure bonds are received before making payments.
• In conjunction with the Project Manager, ensure timely release of holdback monies to subcontractors per lien legislation after substantial completion.
• Responsible for issuing Owner Progress Claims, assisting the Manager of Construction Accounting in preparing claims, and tracking progress billings.
• Process accounts payable, including reviewing, coding, and entering invoices related to projects.
• Handle chargebacks to other entities within the organization, ensuring accurate allocation of costs and timely processing. Perform Visa reconciliation, ensuring all charges are properly allocated and documented.

Accounting Knowledge

• Display knowledge of accounting appropriate to the position and function.
• Assist in preparing and submitting accurate and timely client billings.
• Reconcile bank accounts and prepare GST returns.
• Record monthly interest payments and maintain loan schedules.
• Update various accounting schedules and assist with month-end journal entries.