Construction Accountant

JOB RESPONSIBILITIES INCLUDE BUT ARE NOT LIMITED TO:

1. Core Construction Accounting

• Maintain accurate job cost accounting across all active projects
• Prepare and manage Work-in-Progress (WIP) schedules , including revenue recognition and cost tracking
• Track retainage, committed costs, and budget vs. actual performance
• Ensure alignment between Procore (or PM systems) and Sage 300
• Support job “buyout” tracking and subcontractor financial coordination

2. Cash Flow & Financial Visibility (CRITICAL FOCUS)

• Develop and maintain cash flow projections at both company and project levels
• Provide leadership with clear, timely insight into cash position and future needs
• Assist in identifying risks related to margin erosion, cost overruns, or delayed collections
• Partner with leadership and fractional CFO/Controller to improve financial forecasting

This directly addresses current gaps where high-level financial oversight and cash flow clarity are needed.

3. Accounts Payable & Subcontractor Management

• Manage AP workflows including vendor invoices, approvals, and payments
• Oversee subcontractor compliance (lien waivers, insurance, documentation)
• Coordinate payments tied to project funding and draw schedules
• Resolve discrepancies with vendors and internal teams

4. Month-End Close & Reporting

• Execute month-end close processes, including:
• Journal entries
• Bank and credit card reconciliations
• Job cost reconciliation
• Prepare and deliver:
• WIP reports
• Cash flow reports
• AP/AR aging
• Job profitability summaries
• Ensure reporting is accurate, timely, and actionable for leadership

5. Systems & Process Improvement

• Identify inefficiencies and implement improvements in:
• Accounting workflows
• Data accuracy between systems (Sage, Procore, etc.)
• Help establish repeatable processes and reporting frameworks
• Support implementation of automation and AI tools where applicable

Aligns with company interest in improving systems and integrating AI into operations.

6. Collaboration with Operations & Leadership

• Act as a financial partner to:
• Operations (project execution, buyouts, cost control)
• Estimating (historical cost data, accuracy)
• Support leadership in protecting margins and making informed decisions
• Participate in regular reporting cadence (weekly/monthly financial updates)

7. Team Support & Continuity

• Provide support and backup for existing accounting personnel
• Help document processes to reduce dependency on any single team member
• Assist in onboarding and training additional accounting support (including offshore resources if applicable)

Important due to current reliance on key personnel and need for redundancy.

SUCCESS METRICS (KPIs)

• Accuracy and timeliness of WIP reporting
• Visibility and reliability of cash flow forecasts
• Reduction in accounting-related project issues (billing, cost tracking, etc.)
• Improved alignment between accounting and operations
• Consistency in monthly close timelines
• Reduction in leadership intervention needed for financial clarity

EXPERIENCE AND SKILLS REQUIRED:

• Bachelor's degree in Accounting, Finance, or a related field.
• Active CPA license preferred.
• Minimum 5 years of progressive experience in accounting, with at least 2 years in the construction industry.
• Expertise in public accounting, specifically serving construction clients and managing multiple client accounts.
• Strong proficiency in accounting systems (e.g., Sage300, Timberscan) and project management tools (e.g., ProCore) is highly preferred
• Deep understanding of construction accounting standards, including WIP reporting, retainage, and cost allocation.
• Passion for delivering exceptional client service and fostering lasting client relationships.
• Excellent organizational and time-management skills to balance multiple client priorities.
• Strong leadership and team development capabilities.
• Excellent analytical and problem-solving skills.
• High attention to detail and commitment to accuracy.
• Ability to communicate complex financial concepts to non-financial stakeholders.

Tech Requirements:

• Computer - at least i5 or equivalent with 8gb RAM
• Internet Speed - At least 50 MBPS Download speed

Job Type: Part-time

Schedule: Monday to Friday 8:30 AM – 12:30 PM CDT - Monday to Friday 9:30 PM to 1:30 AM PHT

• Salary Range: Php 40,000 - Php 55,000 monthly, Depending on experience