Cost Accounting Supervisor

The VITO Group; Quezon City; On-site; PHP 600,000 - 900,000; Full time

Job summary

The VITO Group seeks a Project Cost Accounting Supervisor to oversee project cost accounting activities, ensuring the accuracy of financial records and supporting management decisions with cost analysis. You will supervise recording, monitoring, and reconciliation of project costs, review cost transactions, and ensure proper allocation to projects and cost centers.

Coordinate with Project Management, Procurement, and Engineering to validate expenses, review invoices, monitor advances and

Qualifications

• Bachelor’s degree in Accountancy, Accounting Management, or a related field.
• CPA is an advantage.
• 3–5 years of relevant experience in project accounting, cost accounting, or general accounting, preferably in real estate development or construction.

Responsibilities

• Supervise the recording, monitoring, and reconciliation of project-related expenses and costs.
• Review and verify project cost transactions, including materials, labor, equipment, subcontractor payments, and other expenditures.
• Monitor actual project costs against approved budgets and investigate significant variances.
• Prepare and review project cost reports, expense summaries, and financial statements for management review.
• Ensure proper allocation of project costs to appropriate projects, cost centers, and accounts.
• Coordinate with Project Management, Procurement, and Engineering departments to validate project expenses.
• Review invoices, billing statements, payment requests, and other financial documents for accuracy.
• Monitor project advances, accounts payable, and contractor billings.
• Conduct regular reconciliations of project cost accounts and investigate discrepancies.
• Assist in project budget monitoring, cost forecasting, and financial analysis.
• Ensure compliance with company policies, accounting standards, and applicable tax regulations.
• Supervise, train, and evaluate project cost accounting personnel.
• Support internal and external audits with accurate cost records and supporting documentation.

Skills

Project cost monitoring

Expense allocation

Account reconciliation

Financial reporting

Leadership

Excel

ERP systems

Education

Bachelor's degree in Accountancy or related field

Tools

Microsoft Excel

ERP software

Job description

The Project Cost Accounting Supervisor is responsible for overseeing project cost accounting activities, ensuring the accuracy of project-related financial records, monitoring construction and development expenditures, and preparing cost reports to support management decisions.

Key Responsibilities:

Supervise the recording, monitoring, and reconciliation of project-related expenses and costs.

Review and verify project cost transactions, including materials, labor, equipment, subcontractor payments, and other expenditures.

Monitor actual project costs against approved budgets and investigate significant variances.

Prepare and review project cost reports, expense summaries, and financial statements for management review.

Ensure proper allocation of project costs to appropriate projects, cost centers, and accounts.

Coordinate with Project Management, Procurement, and Engineering departments to validate project expenses.

Review invoices, billing statements, payment requests, and other financial documents for accuracy.

Monitor project advances, accounts payable, and contractor billings.

Conduct regular reconciliations of project cost accounts and investigate discrepancies.

Assist in project budget monitoring, cost forecasting, and financial analysis.

Ensure compliance with company policies, accounting standards, and applicable tax regulations.

Supervise, train, and evaluate project cost accounting personnel.

Support internal and external audits with accurate cost records and supporting documentation.

Qualifications:

Bachelor’s degree in Accountancy, Accounting Management, or a related field.

Certified Public Accountant (CPA) is an advantage.

At least 3 to 5 years of relevant experience in project accounting, cost accounting, or general accounting, preferably in real estate development or construction.

Strong knowledge of project cost monitoring, expense allocation, account reconciliation, and financial reporting.

Proficient in Microsoft Excel and accounting systems or ERP software.

Strong analytical, organizational, and leadership skills with experience supervising accounting personnel.