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OnlyExperts

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Project Accountant / Construction Accountant

Location

Philippines

Posted

7 days ago

Salary

0

Seniority

Mid Level

Bachelor Degree2 yrs expEnglishERP

Job Description

Project Accountant / Construction Accountant

OnlyExperts

• Partner with the Project Coordinator to monitor budgets, commitments, and actual costs across all active real estate development projects. • Reconcile monthly progress billings submitted by the project team against expenses recorded in the general ledger, including invoices, physical check disbursements, and credit card transactions. • Track job cost allocations and ensure expenditures are coded accurately to the correct project, cost code, and cost type. • Prepare and maintain detailed project cost reports, forecasts, and variance analyses for project managers and senior leadership. • Monitor project budgets and flag potential overruns or discrepancies in a timely manner. • Produce comprehensive, project-level financial reports on a monthly basis, providing stakeholders with a clear view of each development project’s financial position. • Compare actual costs incurred to approved project budgets, identify and explain variances, and escalate material discrepancies to project management and senior leadership. • Identify and accrue for expenses that have been incurred but not yet invoiced, ensuring project financials reflect a complete and accurate picture at each reporting period. • Monitor overall project status, including percentage of completion, remaining budget, and projected cost-to-complete, and incorporate these metrics into regular reporting packages. • Track project invoicing activity and outstanding receivables, monitor collections on intercompany and third-party billings, and follow up on aged or unapplied items. • Maintain and distribute a project-level reporting dashboard or schedule that enables leadership to assess portfolio-wide financial health at a glance. • Assist in the preparation of project-specific financial summaries for lenders, investors, or partners as required. • Prepare and issue intercompany invoices (pay applications) between related entities in connection with development activity. • Ensure intercompany transactions are properly documented, approved, and eliminated in consolidated financial statements. • Coordinate with the accounts payable team to process vendor invoices and subcontractor pay applications accurately and on schedule. • Maintain intercompany transaction schedules and reconcile intercompany balances monthly. • Create, manage, and maintain Sales Orders in NetSuite for project-related billing activity. • Ensure accurate entry and workflow of project transactions within NetSuite, including purchase orders, bills, and journal entries. • Assist in the development and maintenance of NetSuite project accounting workflows, saved searches, and reporting. • Collaborate with the finance team on system improvements, integrations, or process enhancements within NetSuite. • Prepare monthly journal entries related to construction activity, including accruals, prepaid amortization, and capitalized costs. • Support the month-end and year-end close process by delivering timely, accurate project-level schedules and reconciliations. • Maintain organized, audit-ready workpapers and project accounting files. • Assist with annual audit preparation, including responding to auditor inquiries related to construction-in-progress and development costs. • Support preparation of lender draw requests and documentation packages as needed. • Serve as the primary accounting liaison to the project management and construction teams. • Communicate regularly with the Project Coordinator to align on project status, cost approvals, and billing milestones. • Interface with vendors, subcontractors, and related-entity finance teams to resolve billing discrepancies and outstanding items. • Provide financial data and ad hoc analysis to support project decision-making.

Job Requirements

  • Bachelor’s degree in Accounting, Finance, or a closely related field.
  • 2–5+ years of accounting experience, with at least 1–2 years in construction, real estate development, or a project-based environment.
  • Solid understanding of GAAP and fundamental accounting principles.
  • Demonstrated experience with intercompany accounting and related-entity transactions.
  • Hands-on experience with NetSuite ERP, specifically including Sales Order creation and management.
  • Proficiency in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, and reconciliation workflows).
  • Strong attention to detail and ability to manage multiple projects simultaneously under deadline pressure.
  • Excellent written and verbal communication skills, with the ability to translate financial data for non-financial stakeholders.

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