Project Accountant

RED Engineering Design; Makati; On-site; PHP 480,000 - 720,000; Full time

Benefits offered by this job

Vacation & Sick Leave

Pension Scheme

HMO Coverage (employee + dependents)

Employee Assistance Program

Training & Development

Wellness Days

Short-Term International Assignments

Job summary

RED Engineering Design is seeking a Project Accountant to manage financial performance for assigned projects, including budgeting, forecasting, invoicing, and revenue recognition. You will support project managers to achieve financial objectives and ensure accurate cost reporting.

The role requires 3–5 years of project-based accounting experience, strong Excel skills, and knowledge of accounting principles. Collaboration with managers and adherence to standards are essential for success.

Qualifications

• Bachelor's degree in accounting, Accounting Technology, or related field.
• 3 to 5 years of accounting experience, preferably in project-based environments.
• Strong knowledge of accounting principles and financial reporting.
• Proficient in Microsoft Excel and accounting systems.
• Strong analytical, organizational, and problem-solving skills.
• Excellent communication and stakeholder management skills.

Responsibilities

• Prepare and maintain project budgets, forecasts, and cost reports.
• Monitor project expenditures and ensure costs are allocated correctly.
• Review and analyze project financial performance against approved budgets.
• Prepare client invoices and monitor project billings.
• Assist in revenue recognition and project accounting compliance.
• Reconcile project-related transactions and resolve discrepancies.
• Coordinate with project managers regarding project costs, budget utilization, and profitability.
• Support month-end and year-end closing activities.
• Prepare financial reports and management reports related to project performance.
• Ensure compliance with company policies, accounting standards, and contractual requirements.
• Assist in audits and provide supporting financial documentation as required.

Skills

Analytical thinking

Organizational skills

Problem-solving

Communication skills

Stakeholder management

Education

Bachelor's degree in accountancy or related field

Tools

Microsoft Excel

Accounting software/systems

Job description

The Project Accountant is responsible for monitoring and managing the financial performance of assigned projects. This role ensures accurate project costing, budgeting, forecasting, invoicing, revenue recognition, and financial reporting while supporting project managers in achieving financial objectives.

Key Responsibilities

• Prepare and maintain project budgets, forecasts, and cost reports.
• Monitor project expenditures and ensure costs are allocated correctly.
• Review and analyze project financial performance against approved budgets.
• Prepare client invoices and monitor project billings.
• Assist in revenue recognition and project accounting compliance.
• Reconcile project-related transactions and resolve discrepancies.
• Coordinate with project managers regarding project costs, budget utilization, and profitability.
• Support month-end and year-end closing activities.
• Prepare financial reports and management reports related to project performance.
• Ensure compliance with company policies, accounting standards, and contractual requirements.
• Assist in audits and provide supporting financial documentation as required.

Qualifications

• Bachelor's degree in accountancy, Accounting Technology, or related field.
• Minimum of 3 to 5 years of accounting experience, preferably in project-based environments.
• Strong knowledge of accounting principles and financial reporting.
• Proficient in Microsoft Excel and accounting systems.
• Strong analytical, organizational, and problem-solving skills.
• Excellent communication and stakeholder management skills.

Why Join RED?

RED offers a variety of benefits, including but not limited to:

• Vacation and Sick Leave Entitlements
• Contributory Company Pension Scheme
• HMO Coverage for Employee + Up to 3 Dependents
• Employee Assistance Program (EAP)
• Training and Development Sponsorship
• Wellness Days and Well-being Initiatives
• Expand Your Career Through Short-Term International Assignments and Global Collaboration

At RED, our people work in friendly and collaborative teams, supported by talented leaders who are passionate about mentoring and professional development. You'll have the opportunity to contribute to high-profile global projects while growing your career in an inclusive and supportive environment.