SENIOR PROJECT ACCOUNTANT

SENIOR PROJECT ACCOUNTANT

Muntinlupa, PhilippinesHybrid (2D onsite/3D WFH)Finance & AccountingPosted Oct 15

Make your next big career move by applying as KMC Solutions’ next SENIOR PROJECT ACCOUNTANT

We are looking for an experienced accounting professional to oversee revenue recognition, month-end close, and financial reporting across project-based and SaaS/software revenue. This role involves applying ASC 606 and US GAAP, managing project accounting activities, improving revenue processes, and leading a small team of project accountants.

On top of your salary, here are the exciting benefits you can look forward to:

• Health Insurance/HMO
• Enjoy unlimited MadMax Coffee
• Diverse learning & growth opportunities
• Accessible Cloud HR platform (Sprout)
• Above standard leaves

The main responsibilities of a SENIOR PROJECT ACCOUNTANT include:

Month-End Close & Financial Reporting

• Lead revenue recognition and cost of sales (COS) accrual processes in accordance with company policy and ASC 606
• Prepare and post journal entries for accrued revenue, deferred revenue, WIP, and COS accruals
• Perform monthly reconciliations of revenue, AR, and related balance sheet accounts
• Support preparation of monthly financial reports, including revenue and margin analysis
• Assist in financial statement close processes and provide variance explanations to management
• Take ownership of ad hoc accounting projects and cross-functional initiatives

Accounts Receivable Management

• Oversee end-to-end billing process, including milestone and progress billings
• Manage customer invoicing, lien waivers, and supporting documentation
• Monitor AR aging and lead collection efforts to improve cash flow
• Resolve billing discrepancies in coordination with Project Managers and customers
• Ensure accurate cash application and reconciliation of customer accounts

Key Highlights

• Dual revenue exposure: EPC/project-based + SaaS/software revenue
• End-to-end ownership of revenue recognition and close
• People management opportunity
• Technical accounting exposure to ASC 606 and US GAAP
• Renewable energy + technology industry exposure
• NetSuite / revenue automation exposure

Revenue Recognition & Technical Accounting

• Own month-end and quarter-end revenue close across all product and service lines
• Apply ASC 606 across a range of arrangement types - percentage-of-completion, milestone billing, change orders, subscription, usage-based, and multi-element contracts - including performance obligation identification, standalone selling price allocation, and variable consideration
• Monitor long-term project progress, milestone completions, and cost-to-completion metrics to accurately calculate revenue and manage unbilled/deferred balances
• Lead revenue and deferred revenue close activities, including journal entries, contract asset reconciliations, and variance analysis
• Prepare and maintain revenue recognition memos, contract abstracts, and supporting schedules for audit
• Partner with FP&A, Sales, and Project Delivery on revenue forecasting
• Maintain and improve revenue accounting policies, procedures, and internal controls
• Serve as the primary point of contact for revenue-related external audit requests

People Management

• Manage and develop a small team of project accountants
• Review the team's work for technical accuracy and set priorities during close
• Help build documented processes and training as the team and company scale

Systems & Process Improvement

• Identify and drive automation opportunities in the revenue close process - including WIP and percentage-of-completion calculations - across ERP and billing systems
• Partner with Accounting and Finance leadership on system implementations or upgrades touching revenue

To apply, you must be an expert on the following requirements:

• Degree in Accounting, Finance, or a related field
• 4-6 years of progressive accounting experience, with direct exposure to project-based revenue or contract accounting
• Hands-on experience with construction/EPC or project-based revenue accounting (percentage-of-completion, milestone billing, change orders)
• Hands-on experience with SaaS or software revenue accounting (subscription models, usage-based billing, multi-element arrangements)
• Proven ability to manage Work-in-Progress (WIP) schedules, contract variations, and unpriced change orders
• Strong working knowledge of US GAAP and ASC 606, with demonstrated experience applying both in practice
• Proficiency with NetSuite or specialized project billing software
• Excellent communication skills
• High attention to detail and comfort operating in a fast-growing, still-scaling environment

It will also be favorable if you are knowledgeable in:

• Excellent communication skills
• High attention to detail
• Process improvement mindset
• Comfortable in a fast-growing environment
• Cross-functional collaboration
• Analytical & problem-solving skills

Finance & Accounting

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