Project Accountant

Wilmar Edible Oils Philippines, Inc.; President Manuel A. Roxas; On-site; PHP 335,000 - 670,000; Full time

Job summary

Wilmar Edible Oils Philippines, Inc. is seeking a Project Accountant to manage, monitor, and report project-related financials within the factory.

You will handle budgeting, CAPEX tracking, and adherence to accounting standards and internal controls. Duties include preparing detailed budgets (CAPEX and OPEX) with engineering and operations, performing variance analyses, ROI/NPV studies, maintaining SAP project records, overseeing P2P invoices, and coordinating with cross‑functional teams to

Qualifications

• Bachelor's degree in Accountancy, Finance, or a related field.
• At least 2 years of relevant accounting experience, preferably in manufacturing or project accounting.
• Willing to work in Bo. Nabilid, Roxas Zamboanga del Norte.

Responsibilities

• Budget CAPEX and OPEX with engineering and operations teams.
• Monitor actual project costs and perform variance analysis against budget.
• Ensure proper cost allocation to projects, cost centers, and WBS elements.
• Perform ROI / NPV analysis for capital projects.
• Prepare and submit periodic project financial reports (monthly/quarterly).
• Maintain accurate project accounting records in SAP.
• Track CAPEX and fixed asset accounting and coordinate asset tagging.
• Review invoices and validate against purchase orders and project progress.
• Monitor contractor/vendor payments aligned with milestones.
• Count for materials issued to projects and reconcile variances.
• Maintain adherence to policies, accounting standards and tax rules.
• Support internal/external audits.
• Coordinate with engineering, production, and procurement to validate project progress.
• Prepare cost forecasts and estimate cost-to-complete.
• Reconcile all project costs upon completion and capitalize in SAP.

Education

Bachelor's degree in Accountancy, Finance, or a related field

Job description

The Project Accountant is responsible for managing, monitoring, and reporting project-related financials within the factory. This includes budgeting, cost control, Capital Expenditure (CAPEX) tracking, and ensuring compliance with accounting standards and internal controls.

DUTIES AND RESPONSIBILITIES:

Project Costing and Budget Management

• Prepare detailed project budgets Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) in coordination with engineering and operations teams.

• Monitor actual project costs and perform variance analysis against budget.

• Ensure proper cost allocation to projects, cost centers, and WBS elements.

• Perform Return on Investment (ROI) / Net Present Value (NPV) analysis for capital projects.

Financial Reporting

• Prepare and submit periodic project financial reports (monthly/quarterly).

• Provide insights on cost overruns, savings, and risks.

• Maintain accurate project accounting records in SAP.

CAPEX and Fixed Asset Accounting

• Track and monitor capital expenditures against approved budgets.

• Ensure timely capitalization of completed projects in compliance with accounting standards.

• Coordinate asset tagging and classification.

Procure-to-Pay (P2P) Oversight

• Review invoices and validate against purchase orders and project progress.

• Ensure proper coding of expenses to project accounts.

• Monitor contractor/vendor payments aligned with milestones.

Inventory and Materials Control

• Account for materials issued to projects (construction, maintenance, upgrades).

• Reconcile project-related inventory usage and variances.

Internal Controls and Compliance

• Ensure adherence to company policies, accounting standards and tax rules.

• Maintain proper documentation for all project-related transactions.

• Support internal/external audits.

Project Monitoring and Coordination

• Partner with engineering, production, and procurement teams to validate project progress.

• Ensure financial reporting reflects actual physical progress.

Forecasting and Analysis

• Prepare cost forecasts and estimate cost-to-complete.

• Analyze financial risks and provide recommendations to management.

Project Close-Out

• Reconcile all project costs upon completion.

• Perform final variance analysis vs. approved budgets.

• Facilitate closure and capitalization in SAP.

QUALIFICATIONS:

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

• At least 2 years of relevant accounting experience, preferably in manufacturing or project accounting

• Willing to work in Bo. Nabilid, Roxas Zamboanga del Norte