Project Accountant

Under the general supervision of the Deputy Project Director, Administration in the Facilities Management Division (FMD) of the Technology and General Services Department (TGS), the Project Accountant is responsible for the daily financial management, and administration of financial policies, procedures and controls of the HQ1 Renewal Program.

Main Duties and Responsibilities

Collaborates on and implements financial policies and procedures, and expenditure management programs for the HQ1 Renewal Program, with emphasis on achieving administrative efficiency, cost containment, and control through policy simplification and streamlining.

Assumes controllership responsibilities under the guidance of the Deputy Project Director-Administration; processes financial transactions through the Fund's PeopleSoft Financials system, analyzes items for payment or receipt and identifies those that may not be in accordance with contracts or the established HQ1 Renewal Program controls; ensures adequate internal control over receipts and disbursements through the separation of duties, supervision, review and reconciliation. Follows up on all corrective actions required to ensure timely and accurate payment.

On an ongoing basis, reviews, evaluates and advises TGS on the effectiveness of the HQ1 Renewal Program's financial controls; recommends solutions, new/revised techniques, additions and or changes to practices that strengthen the overall controls framework.

Advises HQ1 Renewal management on planning, coordinating, monitoring and controlling the activities of staff and contractors with respect to the program's financial and reporting processes. Work regularly includes reviewing pay requests from contractors, architects, project management service providers, law firms, and insurance companies. Responsibilities include expenditure forecasting and trend analysis.

Utilizing the existing HQ1 Renewal Operations and Procedures Plan, develops and/or has developed reports for HQ1 Renewal Program that provide financial views of current and projected project status and trends. Isolates risk areas and identifies opportunities for cost management.

Prepares financial tables and graphs to support periodic and ad hoc reports provided to IMF management on the status of the HQ1 Renewal program.

For all assignments, the Project Accountant works with staff of other Fund units and departments in examining assigned issues. Works closely with select Vendors (e.g., the Project Management Services provider) to ensure all financial requirements including project cost tracking are met. Consolidates cost tracking with up to date forecasts from all assigned project personnel.

Reviews and recommends changes to the existing Financial and Accounting Controls Plan for the Deputy Project Director-Administration that define the procedures to follow in order to monitor and control the projected and actual cash flows, costs, change orders, payments and claims, commitments, budgets and other major financial factors.

Qualifications

Qualifications:

Candidates should meet the following criteria:

Undergraduate degree in accounting; a minimum of 10 years in accounting roles in various construction-related activities, preferably with at least five of those years working for the ownership of the projects. Auditing of construction projects also will be considered as relevant experience.

Demonstrated ability to utilize software applications for financial tracking and reporting of project budgets and costs including the MS Office suite of tools (i.e., Excel, Access, Word, Project); PeopleSoft Financials experience is a plus.

Strong interpersonal and communications skills, both written and oral.

Thorough knowledge of the financial processes that are used to manage construction projects.

Ability to work well in a multi-cultural team environment.

Project Accountant