Job Description
Are you eager to be part of a dynamic organization that is growing fast and scaling right? Are you excited about the prospect of contributing to the security of the global food supply chain?
Coldbox specializes in the Plan. Design. Build. of environmentally controlled manufacturing and logistics facilities for the global food and pharmaceutical industries. Our engineering and construction teams work as a single source to create practical construction solutions that meet regulatory requirements, maximize energy and production efficiencies, and deliver on clients’ expectations.
We are currently seeking an experienced Project Accountant to join our rapidly growing company in Burlington, ON.
Key Purpose
The Project Accountant is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments are collected.
Key Responsibilities and Duties
- Perform an effective pivot role between the Project Management and Finance.
- In charge of project financial life cycle from properly setting up project to closing out project in the ERP system
- Calculate project progress billing, assemble monthly owner billing package, and ensure invoice is sent to customers by deadline.
- Review project costs and ensure all costs booked for projects are accurate.
- Perform project cash flow forecast and ensure healthy cash flow for all assigned projects through proactively managing billing and AR collections.
- Assist PM to proactively assess project financial risks and promptly escalate issues to next level management, ensure all project and contract related compliance in place.
- Perform month-end tasks such as calculating revenue recognition, WIP adjustment, and validate project forecast.
- Perform monthly project variance analysis.
- Process subcontractors’ invoices and payments, manage their expectations, and build long term relationships.
- Address, document and follow through on all A/P discrepancies.
- Effectively communicate with project management team to obtain required invoice approvals.
- Monitor project A/R and A/P aging and keep accounts current.
- Reconcile subcontract holdback and ensure release the payment on time.
- Prepare accurate supporting schedules for project progress draws.
- Collaborate with the finance team as a key participant in month-end procedures.
Key Knowledge and Skills
- Advanced Excel skills
- Experience with construction software considered an asset
- Outstanding teamwork skills
Education and Experience Requirements
- 5+ years of project accounting experience in the construction industry
- University Degree or College Diploma, Major in Accounting
If you have the qualifications as outlined above and are interested in playing a pivotal role in a growing and dynamic company, please submit your resume.
Based in beautiful Burlington, Ontario, Coldbox offers:
- Competitive Salary
- Benefit Program (including a Health Spending Account)
- Performance Bonus Program
- Employee Assistance Program
- Highly collaborative work environment
- Training and development opportunities
Coldbox is committed to maintaining and supporting a safe work environment for all employees, sub-contractors, suppliers, or clients and other site visitors.
We are an equal opportunity employer and welcome a diversity of applicants. We offer a friendly, culturally diverse and energetic work environment, competitive compensation and benefits, social activities, team-building events, and career development opportunities.
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