PROJECT ACCOUNTANT

Strand; Vancouver; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Extended health and dental

Professional development

Mentorship programs

Wellness program

Job summary

Strand Contracting seeks a Project Accountant to join our Vancouver team. You will own project setup, manage invoicing and cost control, and work with Project Managers on payments and reporting.

Ideal candidates have 5+ years of construction-specific project accounting, with expertise in job costing, holdbacks, forecasts and close-out processes. Proficiency with Yardi and Procore is preferred.

Qualifications

• Post-secondary degree/diploma in Finance, Accounting or Business Administration.
• Minimum 5 years of project accounting experience in construction.
• Strong knowledge of job costing, holdbacks, invoicing and forecasting.

Responsibilities

• Set up projects and coordinate with project managers on invoicing and cost control.
• Review invoices, cost coding, and ensure alignment with budgets.
• Process subcontractor payments and monitor progress draws.
• Prepare month-end entries, accruals and reconciliations.
• Monitor cash flows, variances and project reports.
• Support financial close-out and project handovers.

Skills

Construction accounting

Job costing

Forecasting

Budgeting

Education

Post-secondary degree/diploma in Finance/Accounting/Business Administration

Tools

Yardi

Procore

Excel

Job description

STRAND CONTRACTING IS LOOKING FOR A PROJECT ACCOUNTANT

Strand is seeking a highly motivated Project Accountant to join our team.

WHO IS STRAND?

Based in Vancouver since 1976, Strand has acquired, developed, and financed a portfolio of real estate assets across North America with a value over $16 billion, including the investment in and development of over 47,000 homes.

Strand has been actively involved in many real estate sectors, including the acquisition of income-producing assets, the development of high-rise condominiums, multi-family apartment buildings, single-family communities, office towers, and industrial projects, as well as providing debt and equity financing to developers for residential and commercial developments throughout North America.

While Strand has preferred to maintain a low profile, consistent with the philosophy of its key stakeholders, Strand has established a reputation for integrity and success in its real estate dealings.

WHY JOIN STRAND?

Strand’s development business is innovative, dynamic, and expanding. This is an opportunity for the successful candidate to join a team of professionals in an inclusive and collaborative environment that fosters professional development and success. Strand is a progressive business that prioritizes culture and rewards entrepreneurial spirit and ingenuity while providing opportunities for its employees to grow with the company, both professionally and financially. Strand has “Deep Roots and Big Plans”.

DUTIES & RESPONSIBILITIES

Project Accounting & Financial Management

• Own and execute the steps required for project setup across assigned projects.
• Coordinate with Project Managers on invoice approvals, release of project payments, project cost management, financial reporting and forecasting.
• Review project invoices and cost coding for accuracy and ensure costs are appropriately recorded against project budgets, contracts and commitments.
• Review, process and reconcile monthly subcontractor progress payments and supplier accounts; review, approve and release payments in accordance with Trade Contract and Supplier payment terms, internal approval requirements and BC lien legislation.
• Monitor project job costs; prepare and analyze job cost reports and project budget variances; and review significant variances with the Project Manager.
• Apply and enforce change order procedures and ensure approved change orders are accurately reflected in project commitments, budgets and forecasts.
• Prepare project-related month-end entries, accruals, reconciliations and supporting schedules as required.
• Prepare, analyze, reconcile, issue and track Owner progress draws and billings; review with the Project Manager and monitor collections as applicable.
• Ensure timely billing of all project fees and recoveries.
• Prepare and analyze project-specific cash flows, forecasts and other financial reports; identify and communicate significant variances and risks.

• Manage project holdback reconciliations and, in conjunction with the Project Manager, ensure timely release of holdbacks following substantial completion in accordance with contractual requirements and BC lien legislation.
• Manage the financial close-out of assigned projects, including final subcontractor and supplier billings, statutory holdbacks, outstanding commitments, change orders, deficiencies/chargebacks, Owner billings and recoveries, and ensure projects are accurately and completely closed in Yardi and Procore.

Contract Administration & Compliance

• Review Prime Contracts, Trade Contracts, subcontracts and supplier agreements and maintain a working knowledge of requirements related to project costing, billing, payment, holdbacks and financial management.
• Administer subcontract documentation, including unsigned contracts, insurance requirements, bonding, WCB Clearances, Statutory Declarations and applicable Builders Lien Act requirements.
• Note and track special contract requirements, including project bonding.
• Maintain a working knowledge of project start-up dates, progress and completion dates.

Team & Process Responsibilities

• Support the Manager, Construction Accounting and Project Managers in the financial management of assigned construction projects throughout the project life cycle.
• Manage project accounting deliverables and deadlines across multiple assigned projects.
• Act as a resource and mentor to junior members of the accounting team, sharing your knowledge of construction and Strand project accounting practices.
• Identify and recommend improvements to project accounting processes, controls and reporting.

REQUIRED SKILLS & QUALIFICATIONS

• Post-secondary degree/diploma in Finance, Accounting or Business Administration.
• Minimum 5 years of progressive project accounting experience within the construction industry, preferably within a general contractor, construction management or developer-builder environment.
• Strong working knowledge of construction and project accounting, including job costing, commitments, cost control, progress billings, holdbacks, change orders, accruals, forecasting, project cash-flow management and project close-out.
• Working knowledge of Canadian construction contracts, including CCDC and CCA standard forms and Trade Contract/subcontract agreements, with the ability to interpret and apply Trade Contract and Supplier payment terms.
• Working knowledge of the BC Builders Lien Act and its application to progress payments, holdbacks, substantial completion and project close-out.
• Demonstrated leadership and mentorship skills, with the ability to provide guidance and support to junior accounting team members.
• High degree of accuracy and attention to detail, with strong analytical and problem-solving skills.
• Strong interpersonal skills
• Strong written and verbal communication skills, with the ability to prepare clear and professional business correspondence and project accounting and financial reports.
• Strong computer skills with proficiency in Microsoft Excel, Word and Outlook; experience with Yardi and Procore is strongly preferred.
• Self-motivated and proactive, with the ability to work both independently and collaboratively within a team.
• Exceptional organizational and time management skills, with the ability to manage multiple competing priorities, adapt to changing demands and consistently meet deadlines in a fast-paced environment.
• Positive attitude and genuine interest in the construction industry.

BENEFITS

Strand is proud to foster a culture of collaboration, innovation, growth, and the betterment of all those who dedicate themselves to the realization of its objectives. True to the company’s nature as a “family of professionals”, we are committed to making continued investments in our people. Strand provides a very competitive compensation structure and benefits package that includes the following:

• Generous Extended Health and Dental Plan
• Professional Development, Mentorship and Education Programs
• Strand Employee Wellness Program exceeding industry standard