Project Accountant (Major Projects)

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