Senior Project Accountant (Burnaby)

Senior Project Accountant (Burnaby)

04 Sep
|
Hays
|
Burnaby

04 Sep

Hays

Burnaby

Your newpany A well-established developmentpany known to be one of its kind.

Has been in business for a number of years with large scale projects and is known for both their construction and development projects.

Your new role Monitor project costs, prepare interim and final reports, and explain/investigate variances Advise on coding of project costs and prepare reallocation entries as needed Build financing pro forma and manage collection of documents and reports required by lenders / QS Prepare monthly bank draws and manage treasury functions for projects, 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 pro forma values; attend project costs toplete meetings and provide relevant budget and cost information Develop and maintain interest and financing-related KPIs, including: interest carry and capitalization metrics, project IRR and return-based indicators,pliance with lender and partner reporting requirements 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 the project team in tracking specific project scopes that have special tax treatment.

Advise on when tracking is necessary by reviewing project scopes and special pro forma 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 and prompt-payment management for vendors Review and understand project contracts (construction contract,



JV agreement, lending agreements, development management agreement, etc.); enforce contractual terms with project teams and identify gaps in management Lead the preparation, review, and delivery of monthly, quarterly, and ad hoc financial reporting packages for external partners, joint venture partners, and lenders, including legal documentation for distributions and P-notes.

Create, maintain, and update job records for new and existing projects Ensure uploaded budgets align with approved project proformas Advise on insurance values for GC projects Monitor letters of credit and bonds requested by the project team Provide support / training to support groups for financial systems What you''ll need to succeed Experience in construction and development project accounting, with demonstrated exposure to external partner and lender reporting An understanding of construction financing requirements, interest mechanics, and covenant reporting.

Capacity to connect with construction and development teams, understand their perspectives andmunicate effectively with an operational mindset Excellent interpersonal skills with a natural inclination for collaboration An organized self-starter with a strong work ethic who can succeed both independently and collaboratively within a team environment Proactively design and implement process improvements that enhance accuracy, efficiency, and consistency across project reporting, interest calculations, and financing metrics Able to be flexible and manage multiple objectives, likely withpeting priorities Strong attention to detail balanced with an awareness of the bigger picture University degree and accounting designation (CA, CPA, CGA, CMA) or in progress Strong understanding of GAAP, REALpac and financial reporting Intermediate to advanced knowledge of MS Office Experience with Yardi ERP and Procore project management software is an asset What you''ll get in return You will gain apetitive salary of $95k $105k, RRSp, vacation, perks, exceptional individual and team performance through our pay-for-performance bonus program.

📌 Senior Project Accountant (Burnaby)
🏢 Hays
📍 Burnaby

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