Divisional Accountant
Valard Group of Companies, Canada
Job Description
Valard, is Canada’s premier utility contractor, as well as head of the Valard Group of Companies AND part of the Quanta Group, the largest electrical power contractor in North America. Valard has full-service capabilities for transmission, distribution, substations, foundations, telecommunications, and renewable energy.
Valard Construction LP is looking to fill the position of Divisional Accountant. Reporting to the Project Accounting Manager. This position is based out of our Edmonton office, the Divisional Accountant will work closely with the Project Accountants and Project Managers in maintaining project controls and responsible for budget management, financial reporting and compliance with accounting standards and company policies, performing project analytics and assisting in the month end processes of the company.
JOB DUTIES:
1. Reporting
- Prepare monthly business unit statements, financial review information and annual business unit budgets and assist business unit managers in the financial planning processes.
- Together with management, hold monthly business reviews with each business unit and report to the executive team.
- Provide analysis and support to business unit managers to ensure understanding of business unit statements and financial implications of business decisions.
- Perform monthly divisional profit/revenue recognition, develop and analyze monthly cost reporting, and project forecasts.
- Maintain tracking of intercompany billings and accruals for internal charges according to corporate accounting standards.
- Monitor, review, forecast and reconcile project budgets, holdback accounts, construction loan draw requests and invoices.
2. Project Life Cycle
- Provide support and oversight on a portfolio of projects with multiple Development and Project Managers across the organization.
- Provide expertise to PM's through the financial lifecycle of a project, from setup, monitoring, updating and closing.
- Open, create and maintain project's financial structure, revenue, and cost budgets.
- Organize and facilitate mid-month PO review meetings with project managers, buyers and receivers in order to maintain accurate open commitments.
- Work with project management team to review weekly or bi-weekly job reports by work order from JD Edwards along with analysis of job level indirect costs.
- Organize and facilitate month end cost accrual meetings with the PM, buyer and receivers in order to gather and enter cost accrual information.
- Work with PM to update contract value file including all approved change and documentation of all unapproved change being pursued.
- Set-up and run job meetings with the Project Manager to review costs and revise forecast.
- Prepare margin analysis comments for monthly vs job to date results.
KNOWLEDGE, SKILLS amp; ABILITIES:
- The ideal candidate will be working towards or possess an accounting designation. Equivalent work related experience will be considered.
- Minimum 5-7 years progressive experience in the construction industry.
- General Accounting experience is required.
- Experience with JD Edwards or SAP is preferred.
- Strong Microsoft Excel proficiency.
- Advanced experience with Job Costing Management, Project Analytics, and WIP Reporting.
- Experience with Job Structure Set-up, Project Forecasting and Budgeting.
- Strong understanding of Construction Revenue Recognition principles.
- Strong attention to detail to maintain organized financial records and ensure accuracy.
- Must have a proactive personality and be excited to be an agent for change.
- Strong analytical skills to assess project financial data and provide actionable insights.
- Pride in work and attention to detail and accuracy are essential.
Benefits
Valard Construction LP is an equal opportunity employer, committed to a diverse workforce. We offer a competitive salary and a complete range of employee benefits.
We thank all applicants for their interest. All applications will be reviewed to determine which candidates' education and experience best meets the needs of the position. Only individuals selected for interviews will be contacted.