Job Description

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We are looking for a detail-oriented Cost Accountant to join our team in North Waterloo, Ontario. This role involves overseeing financial aspects of our projects, from acquisition to completion, ensuring accuracy and compliance throughout. As a key member of the finance team, you will collaborate closely with project managers and other stakeholders to support the financial health of our organization.
Responsibilities:

• Manage vendor setup and maintain payment schedules, ensuring timely and accurate processing of subcontractor payments, expenditures, and payroll allocations.

• Monitor and track project-related costs, including subcontracts, materials, and labour, using automated accounting software.

• Analyze construction contracts to ensure project setup aligns with contractual terms and oversee budgets, change orders, and budget transfers.

• Reconcile job costs with supporting documentation and prepare detailed project reports for review.

• Work with project managers to establish and update cost structures, ensuring accurate financial activity across budgets, invoices, and purchase orders.

• Prepare and submit construction draw requests to financial institutions and stakeholders, ensuring all costs are billed accurately and on time.

• Maintain and forecast cash flow data, providing insights into discrepancies and potential cost impacts on profitability.

• Oversee grant reporting, tracking, and administration processes, ensuring compliance with guidelines.

• Assist with the preparation of monthly financial projections and specialized reporting as required.

• Minimum of 1 year of experience in accounting, with a focus on project or cost accounting.
• Proficiency with ERP systems and automated accounting software.
• Strong understanding of construction accounting principles, including progress billing and WIP (Work in Progress) analysis.
• Familiarity with GAAP accounting standards and experience managing multiple entities.
• Demonstrated ability to analyze budgets, perform reconciliations, and prepare financial reports.
• Experience with foreign exchange transactions and real estate project accounting is an asset.
• Strong organizational and communication skills, with the ability to collaborate effectively across teams.