Project Accountant - Residential
Burnaby, BC /
Finance – Project Accounting /
Regular Full Time
/ On-site
Who We Are
At Beedie, we foster talent, encourage innovation, and reward success. We’re always looking for like-minded people to join our team and share our passion for doing the best work of our lives. Our approach is simple: we work hard, we have fun, and we make a difference. And, we’ve been recognized as a top employer provincially and nationally. Our people are the heart and soul of our organization. If you are passionate, hardworking, ambitious, and want to be part of a dynamic and growing company that will take your career forward, join us.
Operating as the financial lynchpin of the project, the Project Accountant (“PA”) will bring together multiple stakeholders and budget owners in order to manage and oversee the financial performance of the project and related entity. Responsible for ensuring all steps of full cycle project accounting are complete in accordance with the underlying contracts, including job costing, cost allocation, revenue and billings, and project working capital management.
Key Responsibilities – Project Focused
- Monitor project costs, prepare interim and final reports, and explain/investigate variances
- Manage and report on project financial risks including cost overruns, pending equity injections, missing contracts, lien risks, etc.
- Advise on coding of project costs and prepare reallocation entries as needed
- Build capital stacks to support project financing and manage collection of documents and reports required by lenders / QS
- Prepare monthly bank draws and manage treasury function for project ensuring sufficient funds are available to cover costs in place; manage and report on project working capital
- Prepare and update project cash flow models incorporating forecasts from budget managers and anchor to proforma values; attend project cost to complete meetings and provide relevant budget and cost information
- Prepare monthly progress draws/invoices and monitor related collections for external construction contracts; initiate payment for internal progress claims
- Review subcontracts and purchase orders for supporting documentation, coding, and approvals
- Assist project team in tracking specific project scopes that have special tax treatment. Advise on when tracking is necessary by reviewing project scopes and special proforma items
- Review project invoices for correct coding and required change orders; follow up with budget managers
- Manage Procore/Yardi integration for respective projects including adding vendors and syncing budgets and cost codes
- Ensure Procore / Yardi workflows are set up with correct individuals
- Review current contract balances with budget managers in conjunction with forecasts and advise on potential change orders required
- Holdback management
- Review and understand project contracts (construction contract, JV agreement, lending agreements, development management agreement, etc.); enforce contractual terms with project teams and identify gaps to management
- Distributions and external investor communications; prepare legal documentation for distributions and p-notes
- Create, maintain, and update job records for new and existing projects; ensure project set up aligns with contractual relationships governing the project / entity.
- Ensure uploaded budgets align with approved project proformas
- Advise on insurance values for GC projects
- Monitor letters of credit and bonds requested by project team
- Provide support / training to support groups for financial systems
Key Responsibilities – Financial Reporting
- Prepare year-end file for assigned projects / entities
- Prepare project and entity financial statements
- Prepare monthly and quarterly financial reports for internal and external stakeholders
- Manage and maintain project trial balances and reconcile GL and WIP
- Maintain the integrity of the general ledger for construction and development projects
- Prepare audit information and support related to construction and development transactions
- Review SOA’s and prepare JE’s to record strata sales and construction revenue & cost of sales
Desired Skills and Experience
- Completion or in pursuit of professional accounting designation (CPA)
- Bachelor's (or comparable degree) in finance or accounting
- Solid computer skills and advanced Excel skills
- Knowledge of Yardi and Procore an asset
- Strong interpersonal skills and the ability to contribute effectively within a team environment
- Strong decision making, communication (both verbal and written), and analytical skills
- Experience in the construction and development industry preferred
- Experience dealing with cost consultants and lenders
We value your interest in Beedie. While we can only respond to shortlisted applicants, we will keep your information on file and consider you for future opportunities as they come available.
