Project Accountant

Salary: $85-$95K

Overview:

Join Our Team as a Project Accountant

This role is pivotal in ensuring accurate financial monitoring and reconciliation across all project-related activities. By closely tracking costs, WIP, inventory, sales, and production activities, the Project Accountant will play a key role in maintaining financial discipline and supporting successful project delivery.

What You’ll Do:

 Key Responsibilities:

1. Cost Monitoring & Control:
• Track, analyze, and report on costs related to individual projects, ensuring that expenditures are accurately recorded against budgeted amounts.
• Work closely with operational and project teams to ensure accurate and timely capture of all project-related costs.
• Prepare regular cost reports, highlighting project financial status, variances, and recommending corrective actions as needed.
2. Work In Progress (WIP) Monitoring:
• Maintain and update WIP schedules to ensure all project costs are correctly classified and reported.
• Support the reconciliation of WIP at month-end, ensuring proper matching of costs and revenue, and identifying any discrepancies or adjustments needed.
3. Inventory/Production Reconciliation:
• Manage and reconcile inventory for projects, ensuring that Production Reports matches financial records.
• Conduct periodic stock counts and work with the project team to address any discrepancies or variances.
• Support the preparation of Production reports reconciliation, comparing actual production to forecasts, and provide financial insights into any discrepancies.
4. Sales Reconciliation:
• Reconcile sales transactions for specific projects, ensuring that all revenue from product sales is accurately recorded.
• Ensure that sales invoices are generated in a timely manner and reflect accurate costs and margins.
5. Contractor and Vendor Cost Tracking:
• Oversee the tracking and reconciliation of contractor costs, ensuring proper invoicing and contract compliance.
• Ensure fees in lieu payments are tracked, documented, and reconciled in accordance with contractual terms and project agreements.
• Maintain a comprehensive record of all contractor-related expenses and report any discrepancies.
6. Project Financial Reporting:
• Prepare and present detailed Project Report for individual projects, summarizing cost performance, WIP status, sales, inventory, and production results.
• Assist in the preparation of budget updates and financial forecasts based on actual performance and evolving project conditions.
7. Operational Support & Collaboration:
• Act as a key point of contact for all financial matters related to specific projects, working closely with project managers, and operational teams.
• Provide financial advice and support during project planning and execution phases to ensure cost-effective management of project resources.
8. Compliance & Documentation:
• Ensure that all project accounting activities comply with internal accounting policies, industry standards, and regulatory requirements.
• Assist in audits, financial reviews, and project performance evaluations as required.
9. Process Improvement & Efficiency:
• Identify opportunities for process improvements within project accounting and reconciliation procedures.

Key Skills & Qualifications:

• Education: Bachelor’s degree in accounting, Finance, Business Administration, or a related field. Professional certification (e.g., CPA, CMA, or similar) is an asset.
• Experience: 3+ years of experience in project accounting or cost management, ideally within natural resources industries.
• Technical Skills: Proficiency in financial software (e.g., QuickBooks online) and advanced Excel skills (e.g., pivot tables, VLOOKUP, financial reporting).
• Analytical Skills: Strong analytical skills with the ability to assess and interpret financial data and identify trends or issues.

Why Join Us?

This is a fantastic opportunity to work in a growing organization and having a stable work environment.