Project Accountant

SM Development Corporation; Santo Tomas; On-site; PHP 480,000 - 800,000; Full time

Job summary

SM Development Corporation is seeking a Project Accountant to manage the financial health of construction projects, ensuring costs are tracked and payments are on time. You will coordinate with contractors, suppliers, and internal teams to maintain accurate records and ensure compliance with contractual terms.

The role requires a Bachelor’s in Accounting, 3+ years in project accounting or accounts payable, and strong Excel/SAP PS skills.

Qualifications

• Bachelor's degree in Accounting or related field.
• Minimum 3 years of experience in Project Accounting or Accounts Payable, preferably in construction or project-based organizations.
• Experience in three-way matching, billing validation, and reconciliation of POs, GR/IR, and billings.
• Strong analytical, cost control, documentation, and attention-to-detail skills.
• Proficient in MS Excel, SAP (PS Modules), and stakeholder coordination/communication.

Responsibilities

• Conduct three-way matching of Purchase Orders (PO), Receiving Reports (RR), and invoices to ensure billing accuracy and compliance.
• Verify delivered materials, completed services, pricing, quantities, and contractual terms before payment processing.
• Secure required approvals from authorized stakeholders in accordance with the Matrix of Authority.
• Maintain complete and accurate procurement, billing, and payment records for audit and control purposes.
• Monitor project costs against approved budgets and identify variances, cost-saving opportunities, and financial risks.
• Ensure timely and accurate processing of vendor and contractor payments based on contract terms.
• Reconcile open Purchase Orders and GR/IR balances and monitor compliance with insurance, surety bond, and POC reporting requirements.
• Manage recoupment of advances, retainage releases, and back-charge deductions in accordance with contractual agreements.
• Provide financial analysis and cost-control support to Project Managers to help keep projects within budget and schedule.
• Coordinate with contractors, suppliers, clients, Finance, and Accounting teams on billing, payment, and project cost matters.
• Perform other duties as may be assigned from time to time.

Skills

Three-way matching

Billing validation

PO/GR/IR reconciliation

Cost control

MS Excel

Stakeholder coordination

Education

Bachelor's degree in Accounting

Tools

SAP PS Modules

Job description

SM Development Corporation is one of the leading names in Philippine real estate, delivering high-quality, well-planned developments nationwide. Committed to building a nation of homeowners, we seek top-caliber talent ready to make an impact.

Why Build Your Career with Us

You'll have the opportunity to build your career with a top residential developer. We provide access to continuous training and growth opportunities within a culture built on performance, discipline, and teamwork. Most importantly, you will contribute to high-impact projects that shape communities and create a real legacy.

Your Role, Your Impact

The Project Accountant is responsible for managing the financial health of a construction project, ensuring that all costs are tracked accurately, and that payments are made on time.

Duties and Responsibilities

• Conduct three-way matching of Purchase Orders (PO), Receiving Reports (RR), and invoices to ensure billing accuracy and compliance.

• Verify delivered materials, completed services, pricing, quantities, and contractual terms before payment processing.

• Secure required approvals from authorized stakeholders in accordance with the Matrix of Authority.

• Maintain complete and accurate procurement, billing, and payment records for audit and control purposes.

• Monitor project costs against approved budgets and identify variances, cost-saving opportunities, and financial risks.

• Ensure timely and accurate processing of vendor and contractor payments based on contract terms.

• Reconcile open Purchase Orders and GR/IR balances and monitor compliance with insurance, surety bond, and POC reporting requirements.

• Manage recoupment of advances, retainage releases, and back-charge deductions in accordance with contractual agreements.

• Provide financial analysis and cost-control support to Project Managers to help keep projects within budget and schedule.

• Coordinate with contractors, suppliers, clients, Finance, and Accounting teams on billing, payment, and project cost matters.

• Perform other duties as may be assigned from time to time.

Who We’re Looking For

• Bachelor’s degree in Accounting or a related field.

• Minimum 3 years of experience in Project Accounting or Accounts Payable, preferably in construction or project-based organizations.

• Experience in three-way matching, billing validation, and reconciliation of POs, GR/IR, and billings.

• Strong analytical, cost control, documentation, and attention-to-detail skills.

• Proficient in MS Excel, SAP (PS Modules), and stakeholder coordination/communication.