Project Accountant Construction

Job summary

Oversee financial management and reporting for construction projects, including project costs, budgets, forecasts, profitability, work-in-progress, revenue recognition, invoicing, and receivables. Manage financial close, reconciliations, audit support, project closeout, and compliance while advising project teams and identifying financial risks and process improvements.

Job details

Senior Project Accountant Location: Greater Toronto Area, Ontario Position Type: Full-Time, Permanent Salary Range: $85K - $105K Position Overview Our client is a well-established organization operating within the construction and building industry. They are seeking a Senior Project Accountant to join their finance team and provide accounting leadership and financial support across complex, large-scale projects. Reporting to the Controller, this role will work closely with project managers, operations, vendors, clients, and other internal stakeholders to ensure accurate project financial management, reporting, forecasting, and compliance throughout the project lifecycle. Key Responsibilities Oversee the financial management of construction projects, including project profitability, percentage-of-completion forecasting, WIP, revenue recognition, and backlog reporting. Prepare and consolidate project financial reports in accordance with applicable accounting standards. Monitor project costs, budgets, commitments, and forecasts, identifying variances and potential financial risks. Review vendor and consultant invoices to ensure accuracy, proper allocation, and compliance with project requirements. Investigate and resolve billing discrepancies and support timely invoicing and payment processing. Monitor outstanding receivables and collections and provide reporting and follow-up as required. Partner with project teams to gather financial information and provide regular updates on project performance. Conduct regular cost reviews, reconciliations, and variance analysis. Support accounts payable activities and ensure invoices are processed accurately and efficiently. Review project P&L statements and ensure financial information is complete and accurate. Monitor project profitability, claims, and financial exposures, escalating risks where appropriate. Manage month-end, quarter-end, and year-end close activities, including reconciliations and financial reporting. Provide financial guidance and insights to project managers, senior leadership, and operational stakeholders. Maintain compliance with internal controls, company policies, and applicable financial reporting requirements. Support project closeout activities and final financial reconciliations. Respond to internal and external audit requests and provide supporting documentation as required. Act as a key liaison between the finance team and project operations. Contribute to process improvements and other financial initiatives as required. Qualifications & Experience Post-secondary degree or diploma in Accounting, Finance, or a related discipline; equivalent experience will also be considered. CPA designation or progress toward a professional accounting designation is an asset. 4+ years of relevant project accounting experience, ideally within construction, engineering, infrastructure, or a similar project-based environment. Experience working with large-scale commercial, institutional, industrial, or building projects is an asset. Strong understanding of project costing, WIP, percentage-of-completion accounting, revenue recognition, and project profitability. Advanced Microsoft Excel skills, including complex formulas, XLOOKUP/INDEX-MATCH, and other data analysis functions. Experience working with ERP or project accounting systems. Strong analytical and problem-solving abilities with exceptional attention to detail. Excellent organizational skills with the ability to manage multiple projects, priorities, and deadlines. Strong written and verbal communication skills. Ability to build effective working relationships with project teams, management, vendors, and other stakeholders. Comfortable working in a fast-paced, deadline-driven environment. What You Can Expect Opportunity to work on complex, large-scale construction projects. Collaborative environment with exposure to both finance and project operations. Opportunity to contribute to financial decision-making and process improvements. Competitive compensation and benefits package. Long-term growth opportunities within an established organization.

What you’ll do

Oversee financial management and reporting for construction projects, including project costs, budgets, forecasts, profitability, work-in-progress, revenue recognition, invoicing, and receivables. Manage financial close, reconciliations, audit support, project closeout, and compliance while advising project teams and identifying financial risks and process improvements.

Requirements

Requires a post-secondary degree or diploma in accounting, finance, or a related discipline, or equivalent experience, and at least four years of relevant project accounting experience. Candidates should understand construction project costing and accounting, have advanced Excel and ERP or project accounting system experience, and demonstrate strong analytical, organizational, communication, and stakeholder relationship skills; a CPA designation or progress toward one is an asset.

Listed skills

• Revenue Recognition · Preferred
• Financial Reporting · Preferred
• Forecasting · Preferred
• Month-End Close · Preferred
• Microsoft Excel · Preferred
• ERP systems · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Project Accounting
• Construction Accounting
• Project Costing
• Work-in-Progress Accounting
• Percentage-of-Completion Accounting
• Revenue Recognition
• Project Profitability Analysis
• Financial Reporting
• Forecasting
• Variance Analysis
• Accounts Payable
• Accounts Receivable and Collections
• Month-End Close
• Microsoft Excel
• ERP Systems
• Audit Support

Job areas

• Finance & Accounting
• Construction

More jobs from Fuze HR Solutions