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Project Accounting Specialist
1 tydzień temu
The Project Accounting Specialist will be responsible for tracking and reporting on the profitability of projects. This role involves collaboration with project teams, clients, and internal departments to ensure financial performance and high-quality clinical research project management services.
Main Responsibilities- Review and understand client agreements and convert them into Innovaderm's internal cost structure.
- Create and configure projects in the project management and financial systems.
- Prepare and upload project budgets and related amendments impacting scope and/or timeline in the project management tool.
- Participate in identifying and pricing out-of-scope services.
As per month-end schedule:
- Ensure revenue and expenses are recognized based on Canadian GAAP and contractual requirements.
- Review actual project revenues and costs compared to budget and forecast, identifying variances and their causes.
- Prepare and present detailed project financial reports, including profit and loss statements, financial projections, accrual reports, and invoicing status for internal and external stakeholders.
- Monitor and ensure accuracy of project balance sheet accounts.
- Maintain accurate and organized financial records of project data.
- Review project invoicing and provide expertise as needed.
- At the end of the study, ensure all invoices were produced and paid.
- Act as the main point of contact for clients on any questions related to invoicing.
- Work closely with project managers to understand project requirements and financial implications.
- Provide financial guidance and support to project teams, helping them manage budgets and control costs.
- Facilitate regular financial review meetings with project managers and clients to discuss budget status, invoicing, and other financial items.
- Produce consolidated project reports and presentations for management, including backlog analysis, efficiency, and revenue composition.
- Support internal and external audits by providing necessary financial documentation.
- Identify opportunities for process enhancements to increase efficiency and accuracy.
- Contribute to developing and implementing improved financial processes and tools.
This role is perfect for someone with a solid understanding of complex enterprise processes and a desire to help shape a growing finance and accounting department.
