Senior Accountant
Aecon Group Inc.
Total years of experience :10 years, 1 Months
Regional Operations Accountant for Lockerbie & Hole’s Electrical East & West divisions: manage on-going projects, project forecasting, divisional budgeting, financial analysis, month-end close and collections.
Lead Accountant for Somerville-Aecon Joint Venture’s North East Anthony Henday Drive Pipeline Relocation Project (NEAHD): coordinate, review and consolidate all project revenues, joint venture partner costs and stakeholder month-end reporting for a $39M time & materials project with 30 sub-projects.
Key Achievements:
-Restructured and standardized billing processes between Lockerbie & Hole’s East and West divisions, and created revenue tracking systems for change order management. This improved billing accuracy, cash flow and profitability. Also successfully collected $200K+ on delinquent accounts receivable.
-Assigned to the NEAHD project 9 weeks after construction startup, due a complete breakdown in accounting functions at field level, cost uncertainty, and inability to bill $2M+ in costs. Met with clients to determine billing/reporting requirements and led design/implementation of LEMs, cost tracking/billing processes, project controls and reporting, and supported the group in finishing 5% above budgeted gross margin.
Reporting to the President, led annual budgeting, financial/management reporting, financial/inventory analysis, contract/tender pricing strategies, and developed Balanced Scorecard performance measurement system.
Key Achievements:
-Supported the President and the management team in delivering 20% annual revenue growth.
-Stabilized profit margins & cost certainty by restructuring GL and I/S reports to providing costing visibility.
-Revamped the custom goods quoting process, with an immediate 6% gross margin improvement.
-Improved cash flow by working with the Purchaser to reduce core inventory by 25%.
-Led a multi-year strategic initiative selling, donating or discarding $600K+ in discontinued inventory.
Managed the entire revenue cycle for projects totaling $80M to $110M/year. Provided monthly job cost reviews, billing oversight/approvals, balance sheet reviews, financial/variance analysis and assistance with month-end close procedures and reporting. Supervised 3-4 project accounting staff, including hiring, performance management and reviews. Collaborated in developing strategic plans for the Accounting & Finance Group.
Key Achievements:
-Worked closely with Controller, VP Finance, sales team and operations group to deliver 7-figure profits every year, and supported the business unit’s revenue growth from $80M to $110M annually.
-Worked with Sales and Contract Administration staff on contract development, revisions, and change order management, resulting in improved billing/reporting accuracy, client relations and invoicing timeliness.
-Managed $3M+ in annual First Nations partnership agreements.
-Performed analysis of internal financial controls, provided recommendations, and implemented new internal controls as required as part of Sarbanes-Oxley (SOX) implementation.
-Responsible for conducting internal site audits either as part of a team or individually.
-For each engagement prepared a report outlining the findings related to camp operations, financial results against contract terms, scope of work compliance, and internally set standards; recommended solutions to deficiencies found and lead discussions with key stakeholders.
-As part of each engagement met with project management and the client to identify their concerns and to build a positive working relationship.
-Regularly monitored and reported on the remediation of outstanding deficiencies.
-Made presentations to field and management staff on key compliance issues and provided training on company processes, procedures, internal standards, and proper documentation requirements.
-Responsible for billing over 30 projects with revenues in excess of $50 million and maintaining accurate project billing records and tracking of key data.
-Performed collection of accounts receivable resulting in reduced company Days Sales Outstanding from an average of over 60 days at start in position to less than 45 days at end of 2006.
-Responsible for preparing period close revenue accruals and their reconciliations, project revenue reviews, and creating revenue adjusting entries as required.
-Worked with camp managers and catering field staff to maintain timely paperwork flows and provided training as required.
-Developed and implemented a new tracking process for over $50 million of owned and leased equipment resulting in improved accuracy of project bids, job costing, vendor payments, and management of lease obligations.
-Worked on the development and implementation of a new facilities project bid process resulting in improved accuracy of project costs and budgeting.
-Developed a new facilities payroll reporting process for hourly employees resulting in substantially decreasing payroll errors and improving job costing.
-Coordinate the conversion of Chipewyan Prairie First Nation owned companies into Limited Liability Partnerships in order to reduce future tax liabilities.
-Managed a project budget of $150, 000, completed project 5 months ahead of schedule and approximately $30, 000 below expected cost.
-Advised Chief and Band Council on project progress, requirements, and coordinated their efforts in regards to required Band Council Resolutions.