Kristia Mae Terania, CAT, DipBA

Experience

• 

  SM Development Corporation

  May 2014 - May 2021

  Residential Condominium Projects:Financial Analysis & Reporting: Prepared monthly income statement analysis and variance reports. Prepared quarterly cash flow and IRR analyses. Prepared Income Tax Holiday (ITH) efficiency reports and other financial reports for the CFO and Project Development Group.Project Close-Outs: Managed Ready for Occupancy (RFO) project close-outs, including cost reconciliation with Engineering and Project Development, GL reconciliation, and re-computation of GP & NIAT rates.Budget Monitoring: Strictly monitored project budgets to ensure adherence and performance. Conducted regular reconciliations of financial reports with GL accounts.Billing & Audits: Assessed the reasonableness of contractors' progress billings against monthly accomplishments. Conducted on-site audit inspections to ensure compliance and accuracy.Stakeholder Coordination: Coordinated budget and billing matters with internal departments such as Engineering and Project Development.Condominium Commercial Projects:Financial Reporting: Prepared monthly profit and loss and variance analyses. Prepared financial reports for the CFO and Project Development Group.Contract & Lease Monitoring: Reviewed lease contracts and inter-office memos for accuracy and compliance.Receivables Management: Conducted quarterly accounts receivable aging reviews to ensure timely collections. Updated payback period computation/analysis to track financial performance.Commercial Leasing Coordination: Managed all accounting activities related to commercial leasing operations. Show less Accounts Payable Management: Reviewed and processes payables related to construction projects to ensure timely and accurate payments. Checked journal entries and posts approved payment requests in SAP.Team Leadership: Managed and trained two accounting assistants, fostering skill development and operational efficiency.Budget Monitoring & Cost Analysis: Monitored budget vs. actual cost accumulation for assigned projects to track financial performance. Reconciled financial reports with SAP general ledgers to ensure accuracy and consistency.Stakeholder Coordination: Collaborated with internal departments, including Engineering, Procurement, and Project Development, to address financial matters. Coordinated with external partners, including suppliers and contractors, to resolve financial and operational concerns. Show less Accounts Payable Management: Reviewed and processed payables related to construction projects, ensuring accuracy and timely payment.Budget & Cost Monitoring: Monitored budget vs. actual cost accumulation for assigned projects to ensure financial alignment and performance tracking.Reconciliation: Reconciled financial reports with SAP general ledgers to maintain accuracy and integrity.Stakeholder Coordination: Collaborated with internal departments, including Engineering, Procurement, and Project Development, to address financial matters. Coordinated with external partners, including suppliers and contractors, to resolve financial and operational concerns. Show less

  • Project Accounting Supervisor (Reports Team)

    Nov 2017 - May 2021

  • Project Accounting Supervisor (Payables Team)

    Jun 2016 - Oct 2017

  • Project Accounting Assistant

    May 2014 - May 2016
• 

  AECOM

  May 2021 - now

  Senior Project Accountant with a focus on overseeing the full project accounting lifecycle, providing strategic guidance on complex financial aspects of project management, and managing a small team. This role involves deep understanding of project accounting principles, process improvement. team leadership, and cross-functional collaboration.Process Expert: Performs highly complex tasks for multiple varied projects in compliance with the contract, service level agreement, define methodologies, and procedures. Performs in-depth project analysis and provide recommendations based on findings. Provided analysis, resolutions, and recommendations for highly complex process improvements and technical issues through technical procedures and methodologies. Contribute specialized expertise to different assigned projects and provides key updates to Team Lead. Review project financials for accurate revenue recognition. Review project financial status and presents in project reviews.Audit and Compliance: Acts as the primary point of contact during internal and external audits, providing necessary documentation and preparing audit responses. Ensures all project activities comply with internal controls, delegations of authority, and Sarbanes-Oxley Act (SOX) requirements.Team Leadership & Development: Manages a small team of Project Accountants, assigns tasks, handles escalations, and provides guidance on complex project issues. Trains junior staff, ensuring they have the tools and knowledge to address complex project financial issues. Reviews work done by the team and ensures alignment with best practices and policies. Participates in ad hoc projects.Process Improvement: Assists in the development and implementation of financial controls, ensuring compliance with corporate policies and best practices. Continuously reviews and suggests updates to existing SOPs (Standard Operating Procedures) & DTPs (Detailed Task Procedures). Show less Key Responsibilities:Supported the Global Project Accounting Tower Team by managing high-volume, day-to-day financial operations. Key tasks include monitoring assigned projects' financial health, revenue recognition, reporting, and ensuring compliance with internal and external standards while collaborating with onshore stakeholders.End-to-End Project Support: Managed project lifecycle processes, including project set-up, modifications, estimates at completion, and close-out across diverse contract types (time & material, lump sum, fixed price, cost-plus fixed fee).Revenue Recognition Expertise: Ensured accurate revenue recognition by leveraging percentage of completion and transactional methods through cost monitoring and invoice reviews.Issue Resolution: Analyzed and resolved revenue recognition issues in collaboration with Finance Lead and Manager.Audit Compliance: Prepared essential documentation for internal and external audits.Dispute Management: Handled escalations by investigating discrepancies and initiating revenue corrections as needed.Stakeholder Collaboration: Participated in project reviews and maintained consistent communication with onshore finance and operations stakeholders to ensure alignment, transparency, and financial oversight.Process Improvement: Identified key control points and proposed process enhancements to onshore finance and operations stakeholders, resulting in improved efficiency and accuracy.Cross-Team Coordination: Partnered with Billing to ensure timely and accurate invoice preparation. Coordinated with Accounts Payable to oversee subcontractor invoice postings and payments. Worked with Accounts Receivable to monitor client payment collections and cash application.Leadership & Development: Led peer review initiatives and facilitated training sessions focused on process improvement and skill development, fostering team growth, knowledge sharing, and professional competency. Show less

  • Project Accounting Process Lead

    Oct 2024 - now

  • Project Accounting Senior Specialist

    May 2021 - Oct 2024