Accounting Officer

Federal Land, Inc.; Pasay; On-site; PHP 700,000 - 1,100,000; Full time

Job summary

Federal Land, Inc. is seeking a Revenue Accountant to ensure timely and accurate revenue statements, oversee revenue recognition for real estate sales, and support leasing transaction reporting for management.

The role requires at least 3 years in accounting, strong Excel and SAP skills, and the ability to analyze variances, reconcile GL accounts, and prepare per-project reports.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• At least 3 years of experience in bank reconciliation, accounting, or finance operations.
• Strong knowledge of bank reconciliation, general ledger accounts, and accounting principles.
• Proficient in Microsoft Excel and ERP/accounting systems (preferably SAP).
• Strong analytical, problem-solving, and attention-to-detail skills.
• Ability to manage multiple tasks, meet deadlines, and maintain confidentiality.
• Effective communication and interpersonal skills.

Responsibilities

• Review revenue recognition workflow activities.
• Handle leasing related workflow activities - assess requests as to whether it adheres to existing policy and ensures completeness of necessary supporting documents. Check the customer's ledger for posted billing and payments and compare with Notarized Contract of Lease. Implements necessary adjustments.
• Review or prepare accounts payable and journal vouchers for refund transactions
• Confirms the validity of any movement or adjustments made on each account.
• Administer FLI revenue accountabilities - provides guidance to new and existing subordinates. Ensure that work is properly allocated and completed in a timely and accurate manner and also, monitors and analyzes the team's work to develop more efficient procedures and use of resources.
• Adjust various general ledger accounts relating to revenue and accrual or deferral of lease of revenue and lease revenue adjustment based on straight-line recognition.
• Execute various month-end SAP routines.
• Analyze and substantiate significant variances on comparative reports
• Reconcile various GL accounts as necessary
• Compile, prepare or review reports for the utilization per project

Skills

Analytical skills

Attention to detail

Problem solving

Multitasking

Communication skills

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

SAP

ERP systems

Job description

JOB SUMMARY:

• Generally responsible for timely and accurate preparation and completion of FLI's revenue related financial statements and reports, leads revenue and standard cost recognition of real estate sales, handle commercial leasing transactions, and provide other required financial reports and analysis for management's use in decision making.

FUNCTIONAL DUTIES AND RESPONSIBILITIES:

• Review revenue recognition workflow activities

• Handle leasing related workflow activities - assess requests as to whether it adheres to existing policy and ensures completeness of necessary supporting documents. Check the customer's ledger for posted billing and payments and compare with Notarized Contract of Lease. Implements necessary adjustments.

• Review or prepare accounts payable and journal vouchers for refund transactions

• Confirms the validity of any movement or adjustments made on each account.

• Administer FLI revenue accountabilities - provides guidance to new and existing subordinates. Ensure that work is properly allocated and completed in a timely and accurate manner and also, monitors and analyzes the team's work to develop more efficient procedures and use of resources.

• Adjust various general ledger accounts relating to revenue and accrual or deferral of lease of revenue and lease revenue adjustment based on straight-line recognition.

• Execute various month-end SAP routines.

• Analyze and substantiate significant variances on comparative reports

• Reconcile various GL accounts as necessary

• Compile, prepare or review reports for the utilization per project

1. Sales Summary Report

2. RE Sales Breakdown

3. Cancellation Report

4. Option Sales Report

5. Revenue Report including Comparative Analysis of RE Sales, Leases, Cost, GP, etc.

6. Lease Revenue with Analysis Report

7. Inventory Report

8. Straight-line Adjustment Calculation and Breakdown

JOB QUALIFICATIONS:

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

• At least 3 years of experience in bank reconciliation, accounting, or finance operations.

• Strong knowledge of bank reconciliation, general ledger accounts, and accounting principles.

• Proficient in Microsoft Excel and ERP/accounting systems (preferably SAP)

• Strong analytical, problem-solving, and attention-to-detail skills.

• Ability to manage multiple tasks, meet deadlines, and maintain confidentiality.

• Effective communication and interpersonal skills.