We’re Hiring: Project Accountant
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Role: Project Accountant
Work Arrangement: Work from Home
Location: Philippines - Makati, Ortigas, Pampanga, Cebu
Schedule: Night Shift
Job description:
The Project Accountant is responsible for managing financial activities related to development projects, including preparing and submitting draw packages, reconciling accounts, and ensuring accurate recording of project costs. This role partners closely with internal teams and external stakeholders such as lenders, title companies, and contractors to support funding processes, payment execution, and financial reporting. The Project Accountant also contributes to monthly property reviews, audit support, and overall financial integrity throughout the project lifecycle.
ESSENTIAL FUNCTIONS:
- Prepares, submits, and records construction and development draw requests in accordance with lender, investor, and funding source requirements.
- Reconciles draw activity, construction funding sources, and related balance sheet accounts to ensure accurate financial reporting.
- Reviews project income statements, job cost reports, and general ledger activity to verify the accuracy and completeness of project costs.
- Processes and records wire transfers, including contractor payments, project funding transfers, accounts payable funding, and other project-related disbursements.
- Reviews, validates, and records payment applications, invoices, lien waivers, and supporting documentation for construction and development projects.
- Prepares and compiles monthly project and property financial reviews, including analysis of project activity, funding status, and budget-to-actual variances.
- Maintains accurate project accounting records, schedules, and supporting documentation throughout the development and construction lifecycle.
- Collaborates with lenders, title companies, fiscal agents, housing authorities, contractors, and internal business partners to support project funding, reporting, and compliance requirements.
- Assists with internal and external audits by preparing schedules, gathering documentation, and responding to requests for information.
- Supports departmental initiatives, process improvements, system implementations, and special projects as assigned.
- Maintains timely and regular attendance and performs other duties as assigned.
Qualifications and requirements:
- Bachelor's degree in Accounting, Finance, or a related field; or an equivalent combination of education and experience.
- Minimum of two (2) years of accounting experience; construction, project, development, or real estate accounting experience preferred.
- Knowledge of generally accepted accounting principles (GAAP), account reconciliations, and financial reporting practices.
- Demonstrates strong verbal and written communication skills and the ability to build effective working relationships with