Senior Project Accountant | Construction
Job Summary
| Division: | Canada - Vancouver |
| Project Location(s): | Vancouver BC V5K 0A1 CAN |
BUILD YOUR FUTURE WITH TURNER CONSTRUCTION
Turner Construction Company is aNorth Americabased construction services firm with operations across AsiaIndia and Europe. Founded in 1902 it is guided by values of active caringteamwork integrity and commitment with more than 120 years of impact onskylines and the industry.
With over 16000 employeesTurner delivers approximately $29 billion in annual construction across 1500projects specializing in large complex builds and advancing innovation andnew technologies. Its work spans healthcare education commercial aviationand infrastructure sectors.
In Canada where it has operatedfor more than 50 years Turner employs nearly 1000 people and generates closeto $1 billion in annual revenue. With over 930 professionals the company playsa key role in the industry while supporting communities through local projectspartnerships and volunteer efforts. Turner is committed to quality safetyinclusion and building lasting value for the communities it serves.
WHAT WE HAVE TO OFFER YOU
At Turner we appreciate thestrength that every member brings. As you offer your unique knowledge and helpcarry our company forward we guarantee to support you in your individualgrowth journey. This opportunity also offers:
- Practical tools and resources to help you succeed such as a company phone laptop and required safety gear.
- Summer Fridays with early dismissals during the summer months where applicable.
- Professional development and career growth through technical and soft-skills training mentorship from experienced industry professionals and exposure to a variety of projects roles and business units.
- A connected and engaging workplace with company events and the chance to get involved in the Social Committee and Employee Resource Groups (ERGs) such as Mosaic Pride and Womens groups.
- Community involvement through the Community & Citizenship (C&C) Committee volunteer events and initiatives that give back to local communities.
- A comprehensive benefits program starting on your first day including End-of-Year Premium Pay healthcare and dental coverage Registered Retirement Savings Plan (RRSP) matching and more.
- Annual base salary range for this position may be CA$100000.00 to CA$115000.00 depending on experience and fit.
THE SENIOR PROJECT ACCOUNTANT OPPORTUNITY
Turner Constructions Vancouver office isseeking a full-time Senior Project Accountant. The role requires availability to work on-site or at the head office Monday toFriday for 40 hours per week and will report to the Accounting Manager.
The Senior Project Accountant will oversee and manage accounting operations for large-scale construction project(s) including those with complex contract structures joint ventures specialized building types and national clients lead preparation and review of financial reporting ensuring accuracy and compliance with Turner financial policies and procedures implement and monitor financial internal controls and advise project teams on financial strategies project fiscal health profitability and risk and serve as a key finance partner to project management proactively identifying issues resolving complex accounting matters and driving process improvements.
As a Senior Project Accountant you will:
- Design implement and oversee procedures supporting accounting operations for complex construction projects.
- Maintain and update project-specific training materials to support project accounting staff and teams for consistency in processes and procedures.
- Provide clear communication to Finance and project management teams regarding financial strategies project financial performance profitability and risk profile utilizing project-level finance dashboard.
- Develop working knowledge of project cost accounting including budget and forecast analysis cost reporting and identification of financial risks and opportunities to strengthen project financial analysis and partnership with Operations.
- Oversee and provide strategic direction on client contract analysis ensuring accurate interpretation of billing terms payment conditions reimbursable structures
- Implement and enforce effective financial internal controls to ensure A/P and A/R accuracy policy compliance and accountability across finance and project teams.
- Strengthen segregation of duties and approval workflows per Signing Authority & Approval Matrix (SAAM) periodically review access delegation of authority and control documentation; escalate control gaps and recommend solutions.
- Establish and direct audit and review processes for client billing and project ledgers for compliance with contract requirements GAAP and company policy. Oversee alignment between billing cost reporting and project forecasts and drive corrective actions for discrepancies.
- Oversee revenue recognition and job cost accounting for complex arrangements (e.g. joint ventures change orders claims and contract modifications) ensuring alignment with GAAP and company policy.
- Manage and review deliverables for internal and external audits (including joint venture and client audits) ensuring timely responses complete documentation and effective implementation of remediation actions.
- Own and manage project cash flow strategy including oversight of over/under billing positions payment performance and profitability. Proactively identify financial risks and lead cross-functional coordination with client finance teams vendors and internal stakeholders to mitigate issues and optimize financial outcomes.
- Oversee subcontractor invoice processing and ensure financial and contractual compliance prior to payment release including validation of approvals insurance payroll requirements and lien waivers. Manage risk-related documentation and ensure appropriate approvals for subcontractors under financial risk plans.
- Oversee and manage month-end close activities for assigned projects to support accurate and timely owner invoicing. Direct and review expense recognition processes including accruals journal entries and intercompany charges ensuring accuracy completeness and compliance with established financial controls and reporting requirements.
- Manage accounting tasks in support of project year end activities (e.g. gross-up reports time accuracy reconciliation of accounts).
- Manage accounting tasks in support of project close activities (e.g. gross-up reports time accuracy reconciliation of vendor contracts and subcontract accounts final waivers) manage final contract amount and ensure achievement of closeout documentation requirements and agreed to by subcontractors prior to issuing final payments.
- Verify accuracy of staff and Trades time allocation for contractual alignment.
- Oversee equipment rentals and onsite inventory list for monthly insurance documentation and coverage.
- Respond to and oversee payment status inquiries and communications with vendors and subcontractors to resolve invoice discrepancies and compliance issues (e.g. prevailing wages waivers) prior to releasing payment.
- Collaborate with SSO to provide project related financial tasks address questions and escalated issues.
- Generate routine reports (e.g. checks held time sheet cascade Accounts Payable aging billing proof ledger reviews) and review reports for accuracy risks and process gaps (e.g. missing approvals duplicate invoices coding errors) resolve as appropriate.
- Manage accounts payable for vendor invoice processing oversee accuracy of sales/use tax or other transactional tax documentation for project purchases collect backup and coordinate with Finance/Tax resources.
- Lead continuous improvement reviews for project Accounting processes and activities (e.g. reduce manual efforts accelerate accuracy of deliverables and processing timelines and standardize workflows) incorporate Artificial Intelligence (AI) and other innovative technologies working in collaboration with project
- finance team to implement changes on projects and share practices with Operational Finance management teams.
- Manage transfer of preconstruction Annual Opportunity Project (AOP) expenses for awarded projects aligned with on contract award dates and contract terms. Manage and communicate timely close out of AOP.
- Create supportive environment to develop high performing finance team provide training opportunities and engage in mentoring relationships review team deliverables provide coaching feedback manage day-to-day workload and priorities and share materials resource guides and on-the-job instruction for skill development.
- Supervise direct reports provide timely performance feedback and contribute to performance appraisals during annual performance cycle utilizing talent management systems.
- Other activities duties and responsibilities as assigned.
Is this the right role for you:
- Bachelors Degree from accredited degree program in Accounting Finance or related field of study with minimum of 4years of related experience or equivalent combination of education training and experience
- Construction industry experience desired but not required
- Advanced knowledge of Finance policies and procedures with thorough application of General Accepted AccountingPrinciples (GAAP) (e.g. journal entries general ledger)
- Familiar with General & Administrative (G&A) cost allocation budgeting and forecasting methods applicable toconstruction office operations
- Knowledge of Accounts Payable/Accounts Receivable best practices (e.g. invoice exception resolution vendor/customer account maintenance)
- Experience as supervisor/team lead desired with ability to influence without authority and partner with stakeholders
- Ability to manage competing activities requests and short-cycle deadlines
- Analytic ability to review and assess financial data identify risks interpret trends and recognize inconsistencies
- Ability to read and understand financial reports and understand accounting implications of various contract terms
- Experience managing cash flow and able to implement procedures to optimize profitability
- Exercise independent judgment and discretion with ability to identify issues (including profitability and risk) makerecommendations for resolution and able to resolve or escalate issues in a timely manner
- Must be self-starter adaptable and flexible to operate with minimal direction and supervision while working in fast-pacedand changing environment
- Able to maintain internal controls and confidentiality requirements when handling sensitive financial information
- Able to lead continuous improvement discussions and implement suggestions to improve overall finance operations
- Highly organized detail oriented maintain accuracy self-check work and work of others and meet deadlines
- Keen analytic ability to review assess and interpret trends of large quantities of disparate financial data required
- Ability to educate others and reinforce compliance with company financial practices and policies
- Customer service mindset with professional verbal and written communication skills ability to deliver and tailorcommunications to various organizational levels and stakeholders
- Proficient computer skills financial systems applications and Microsoft Office suite of applications including advancedproficiency in Excel and data analysis tools to automate reconciliations validate large data sets and improve reporting accuracy and collaborative tools (e.g. Teams SharePoint)
- Familiar with electronic invoice systems (e.g. Textura) Enterprise Resource Planning (ERP) systems (e.g. SAP) anddocument management/approval workflow tools; ability to learn new systems quickly
- Understand Artificial Intelligence (AI) tools for financial analysis data validation and process automation desired and demonstrate willingness to learn how to apply them to improve financial processes for efficiency and accuracy
- Limited travel
HOW TO START YOUR JOURNEY WITH TURNERCONSTRUCTION
Were always looking for talentedindividuals who align with our positive culture and are passionate about theirwork. If you believe Turner Construction is the right fit for you clickAPPLY on this posting and be sure to include your resume and coverletter.
ADDITIONAL INFORMATION
Physical Demands & WorkEnvironment:
The physical demands described here are representative of those that must be met by an employee to successfully perform theessential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform theessential functions. While performing the duties of this job the employee is frequently required to sit climb balance stoopkneel crouch crawl use hands to finger handle or feel objects tools or controls and reach with hands talk and hear. Theemployee frequently views a computer monitor and frequently uses a computer keyboard. Specific vision abilities required bythis job include close vision peripheral vision depth perception and the ability to adjust focus. The employee is regularlyrequired to be mobile and the employee occasionally travels both short and long distances via a variety of conveyances. Theemployee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
The work environment characteristics described here are representative of those an employee encounters while performing theessential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the employee regularly works in an office setting. The noise in thework environment is usually quiet to moderate in an office setting. While performing the duties of this job the employeeregularly works at construction work sites where the employee is exposed to moving mechanical parts high precarious placesfumes or airborne particles outside weather conditions and risk of electrical shock. The noise in the work environment isusually moderate to loud. The employee is required to work in compliance with company safety policies procedures andapplicable laws
Thank you for your interest in Turner Construction! Due tothe high volume of applicants we can only respond to shortlisted; however wewill keep your information on file for future opportunities.
Turner Construction Company is an equal opportunity employer and does not discriminate on the basis of race ancestry place of origin colour ethnic origin citizenship religion sex sexual orientation gender identity gender expression age marital status family status or any other characteristic protected by law. Accommodations are available including for applicants with disabilities in the application and recruitment process upon request.
Required Experience:
Senior IC
About Company
Turner is a North America-based, international construction services company and is a leading builder in diverse market segments.