Project Finance Specialist
3 weeks ago
We are seeking a highly skilled Project Finance Specialist to join our team at WSP. As a Project Finance Specialist, you will play a critical role in the financial management of our projects, ensuring accuracy, efficiency, and compliance with company policies and industry standards.
Key Responsibilities:
- Manage and analyze project costs and revenues, ensuring accurate profit and loss calculations and effective communication with project/program management.
- Perform lifecycle project accounting, including creating project accounts in Oracle, tracking projects and budgets, and reconciling payables and receivables.
- Partner with project managers and teams to establish project budgets, update budgets, and provide recommendations for contract modifications or budget changes.
- Generate project financial reports, evaluating reports for items that need escalation to project managers.
- Authorize access to project accounts and transfer expenses into and out of project-related accounts in compliance with established accounting practices.
- Ensure quality control standards and procedures for generating accurate and precise project-related financial records.
- Investigate project variances and submit variance reports to management.
- Verify contract and change order characteristics, including reading and interpreting contract language, method of compensation, and subcontract/consultant terms.
- Monitor key indicators for managing and analyzing problem projects.
To be successful as a Project Finance Specialist at WSP, you will need:
- Bachelor's Degree in Accounting, Business, or closely-related discipline (or demonstrated proven equivalent experience).
- 3 to 5 years of relevant post-education experience in accounting, project contracts, and change management documents.
- Working knowledge of project accounting principles, practices, and methods, and their application to project work-related issues.
- Analytical mindset with the ability to exercise sound independent judgment in evaluating situations and making decisions with financial implications to the company.
- Effective interpersonal and communication skills when interacting with others, expressing ideas effectively and professionally to an accounting and non-accounting audience.
- Ability to learn new techniques, perform multiple tasks simultaneously, follow instruction, work independently, and comply with company policies.
WSP USA is the U.S. operating company of WSP, one of the world's leading engineering and professional services firms. Dedicated to serving local communities, we are engineers, planners, technical experts, strategic advisors, and construction management professionals. WSP USA designs lasting solutions in the buildings, transportation, energy, water, and environment markets. With more than 15,000 employees in over 300 offices across the U.S., we partner with our clients to help communities prosper.
Estimated Salary: $85,000 - $110,000 per year, depending on location and experience. Benefits include medical, dental, vision, disability, life, and retirement savings focused on providing health and financial stability throughout the employee's career. WSP provides a flexible and agile workplace model while meeting client needs.
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