Project Accountant (Transmission)

Valard Group; Edmonton; Hybrid; CAD 85,000 - 120,000; Full time

Benefits offered by this job

5% RRSP matching

Job summary

Valard Construction is seeking a Project Accountant to join our Transmission group in Canada, based in Calgary or Edmonton, AB. You will manage full life-cycle project accounting, cost control, and client billings, partnering with Project Controllers and field operations to maintain budget integrity.

Responsibilities span project setup, cost control, reporting, and closeout, including JV work, WIP, and revenue recognition under ASC 606.

Qualifications

• Post-Secondary education in Finance, Accounting, Business Administration, or a related field.
• 5 years experience in a project accounting role.
• Demonstrated experience supporting large projects.
• Solid understanding of construction revenue recognition principles, cost and revenue accruals, and percentage of completion accounting.
• Working towards or holding an accounting designation (CPA or equivalent).

Responsibilities

• Set up new projects in JD Edwards (Job Master, Cost Codes, budgets) and maintain job master data integrity.
• Participate in Day One Budget creation from tender documentation and support the budget change management process, including tracking revisions.
• Review and correct cost coding on purchase orders and other transactions, and support field staff with third-party cost coding.
• Manage monthly cost accruals, journal entries, and mid-month report packages with project management teams.
• For Percentage of Completion projects, facilitate monthly forecast meetings, provide variance analysis summaries, and load approved revenue/estimate data into JD Edwards.
• Prepare margin analysis and WIP calculations (costs/billings in excess), and support project profitability analysis and forecasting.
• Track pending, approved, and disputed change orders, quantifying revenue/margin impact per policy.
• Prepare and administer client billings with required backup documentation, and monitor accounts receivable for collections.
• Reconcile total contract value to billings and forecast, and manage CIEB positions within established thresholds.
• Track and reconcile holdback receivable and administer release collection; ensure proper GST/PST treatment on billings.
• Administer subcontractor contracts and facilitate mid-month PO review meetings; compile documentation for internal/external audits.
• Support the Project Controller in closing and reviewing project costs on a weekly, monthly, and quarterly basis
• Manage job closeout, including reconciliation, final cost reporting, and holdback payable tracking/release
• Ensure revenue is recognized per ASC 606 with supporting documentation, and proper GST/PST treatment on invoices
• Facilitate month end cost accrual meetings and ensure deadlines/reporting requirements are met
• Verify labour, equipment, and material charges, and reconcile intercompany/shared-service allocations
• Collaborate on Estimate-to-Complete calculations; complete ad hoc analyses and other duties as assigned

Skills

Cost control

Project accounting

Budgeting

JD Edwards

Accounting principles

ASC 606

Education

Finance degree

Accounting degree

Business Admin degree

Tools

JD Edwards

SAP

Job description

Our Transmission group is currently looking to add a Project Accountant to our growing team, based in either Calgary or Edmonton, AB.

Reporting to the Project Controller, this role is a key contributor to the financial success of Transmission Line construction projects, providing full life-cycle accounting functions and operational cost control for assigned projects. Working in close partnership with the Project Controller, Project Managers and field operations, this position is responsible for the accurate tracking, analysis, and reporting of project costs from job setup through to closeout, and plays a critical role in maintaining budget integrity, supporting client billing, and ensuring compliance with Valard's financial controls and reporting standards.

Duties and Responsibilities

Project Setup & Budget Management

• Set up new projects in JD Edwards (Job Master, Cost Codes, budgets) and maintain job master data integrity with Quanta's consolidation tool
• Participate in Day One Budget creation from tender documentation and support the budget change management process, including tracking revisions

Cost Control & Financial Reporting

• Review and correct cost coding on purchase orders and other transactions, and support field staff with third-party cost coding
• Manage monthly cost accruals, journal entries, and mid-month report packages with project management teams
• For Percentage of Completion projects, facilitate monthly forecast meetings, provide variance analysis summaries, and load approved revenue/estimate data into JD Edwards
• Prepare margin analysis and WIP calculations (costs/billings in excess), and support project profitability analysis and forecasting
• Track pending, approved, and disputed change orders, quantifying revenue/margin impact per policy

Client Billing & Accounts Receivable

• Prepare and administer client billings with required backup documentation, and monitor accounts receivable for collections
• Reconcile total contract value to billings and forecast, and manage CIEB positions within established thresholds
• Track and reconcile holdback receivable and administer release collection; ensure proper GST/PST treatment on billings

Subcontracts, Audits & Closeout

• Administer subcontractor contracts and facilitate mid-month PO review meetings; compile documentation for internal/external audits
• Support the Project Controller in closing and reviewing project costs on a weekly, monthly, and quarterly basis
• Manage job closeout, including reconciliation, final cost reporting, and holdback payable tracking/release
• Ensure revenue is recognized per ASC 606 with supporting documentation, and proper GST/PST treatment on invoices

Month End & General

• Facilitate month end cost accrual meetings and ensure deadlines/reporting requirements are met
• Verify labour, equipment, and material charges, and reconcile intercompany/shared-service allocations
• Collaborate on Estimate-to-Complete calculations; complete ad hoc analyses and other duties as assigned

• Post-Secondary education in Finance, Accounting, Business Administration, or a related field
• 5 years experience in a project accounting role
• an equivalent combination of education and experience will be considered
• Demonstrated experience supporting large projects
• Solid understanding of construction revenue recognition principles, cost and revenue accruals, and percentage of completion accounting
• Working towards or holding an accounting designation (CPA or equivalent)

Preferred Skills / Qualifications

• Advanced proficiency in Microsoft Excel, including pivot tables, lookups, and financial modelling
• Experience with job costing management, project analytics, and Work-in-Progress (WIP) reporting
• Prior experience in the transmission, distribution, or renewable energy construction sector
• Prior experience in the construction, electrical, or utility industry
• JD Edwards or SAP experience

We offer a comprehensive and competitive total rewards package that incorporates a complete range of employee benefits, including a5% RRSP matching program, to ensure you have the tools necessary to manage, maintain, and improve your health and wellbeing.

About our Business

Valard Construction is Canada’s premier utility contractor providing comprehensive EPC+ (engineering, procurement, construction) and maintenance services to utilities, independent power producers, mining, oil and gas industries and rural electric associations. We have the capabilities, knowledge, and resources to take on any project, any size, any complexity, anywhere. We are also part of QuantaServices, the largest electrical power contractor in North America.

Valard Construction is an equal opportunity employer.

Learn more

Visit us at www.valard.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

* Depending on qualifications, the successful candidate may be offered a position at a more appropriate level.

* Applicants must have legal authorization to work in Canada with no restrictions.

* Valard Construction is committed to providing employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process.

* We do not use automated tools to screen applications. All hiring decisions involve human review. This job posting is for an existing vacancy.