Project Accountant / Construction Accountant

This is a fully remote position, open to applicants in Philippines.

📋 Description

• Collaborate with the Project Coordinator to oversee budgets, commitments, and actual expenditures across all ongoing real estate development projects.

• Reconcile monthly progress billings submitted by the project team with expenses recorded in the general ledger, which includes invoices, physical check disbursements, and credit card transactions.

• Monitor job cost allocations and ensure that expenditures are accurately assigned to the appropriate project, cost code, and cost type.

• Generate and maintain comprehensive project cost reports, forecasts, and variance analyses for project managers and senior leadership.

• Supervise project budgets and promptly identify potential overruns or discrepancies.

• Produce detailed financial reports for each project on a monthly basis, offering stakeholders a transparent view of the financial status of each development project.

• Compare actual expenses incurred to approved project budgets, pinpoint and clarify variances, and escalate significant discrepancies to project management and senior leadership.

• Recognize and accrue for expenses that have been incurred but remain unbilled, ensuring project financials present a complete and accurate overview during each reporting period.

• Track overall project status, including completion percentages, remaining budget, and projected costs-to-complete, and integrate these metrics into regular reporting packages.

• Monitor project invoicing activities and outstanding receivables, oversee 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 allows leadership to quickly assess portfolio-wide financial health.

• Assist in creating project-specific financial summaries for lenders, investors, or partners as necessary.

• Prepare and issue intercompany invoices (pay applications) among related entities associated with development activities.

• Ensure that intercompany transactions are properly documented, approved, and eliminated in consolidated financial statements.

• Work with the accounts payable team to accurately and timely process vendor invoices and subcontractor pay applications.

• Maintain intercompany transaction schedules and reconcile intercompany balances each month.

• Create, manage, and maintain Sales Orders in NetSuite for project-related billing activities.

• Ensure the accurate entry and workflow of project transactions within NetSuite, including purchase orders, bills, and journal entries.

• Assist in developing and maintaining NetSuite project accounting workflows, saved searches, and reporting.

• Collaborate with the finance team on system enhancements, integrations, or process improvements within NetSuite.

• Prepare monthly journal entries related to construction activities, covering accruals, prepaid amortization, and capitalized costs.

• Support the month-end and year-end closing processes by providing timely and accurate project-level schedules and reconciliations.

• Maintain organized, audit-ready workpapers and project accounting files.

• Assist with annual audit preparations, including responding to auditor inquiries related to construction-in-progress and development costs.

• Aid in the preparation of lender draw requests and related documentation packages as necessary.

• Act as the primary accounting liaison for the project management and construction teams.

• Regularly communicate with the Project Coordinator to ensure alignment on project status, cost approvals, and billing milestones.

• Engage with vendors, subcontractors, and related-entity finance teams to resolve billing discrepancies and outstanding issues.

• Provide financial data and ad hoc analysis to aid project decision-making.

⛳️ Requirements

• Bachelor's degree in Accounting, Finance, or a related field.

• 2–5+ years of accounting experience, with a minimum of 1–2 years in construction, real estate development, or a project-based setting.

• Strong understanding of GAAP and fundamental accounting principles.

• Proven experience with intercompany accounting and related-entity transactions.

• Practical experience with NetSuite ERP, particularly in Sales Order creation and management.

• Proficiency in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, and reconciliation workflows).

• Exceptional attention to detail and the ability to manage multiple projects simultaneously under deadline pressure.

• Excellent written and verbal communication skills, with the capacity to convey financial data to non-financial stakeholders.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health insurance plans.

• Opportunities for professional development and advancement.

• Flexible working hours and remote work options.

• Collaborative and dynamic work environment.