Skills & Competencies for Project Accountant I

Project Accountant I job profile

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JOB SUMMARY for Project Accountant I

Supports projects with overall accounting and financial activities to measure and monitor project financial performance.

JOB RESPONSIBILITIES for Project Accountant I

Creates and maintains project level accounts. Completes all postings, allocations, accruals and payments for the project. Prepares and distributes monthly reports on project status including budget and forecasting for project reviews. Coordinates with project team to reflect changes in project scope or timeline. Prepares final project close out.

Project Accountant I SALARY RANGE

BASE 50%
$66,329
TOTAL 50%
$67,354
Job Level
P01
Job Code
FA06000986
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Project Accountant I Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Project Accountant I skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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6 general skills or competencies (Job family competencies) for Project Accountant I

1 Job Family Competencies – Change Management
Proficiency Level -1
Skill definition-Implementing change by transforming our organization's goals, processes, or technologies to ensure business growth and success.
Level 1 Behaviors
(General Familiarity)
Describes the change management basic principles and concepts.
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Level 2 Behaviors
(Light Experience)
Assists in the implementation of change management to identify process gaps.
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Level 3 Behaviors
(Moderate Experience)
Communicates procedural changes to prevent substantial delays in implementation.
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Level 4 Behaviors
(Extensive Experience)
Evaluates significant change activities to prevent crises and unfavorable events.
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Level 5 Behaviors
(Mastery)
Constructs a plan to provide strategic change management throughout the development lifecycle.
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2 Job Family Competencies – Microsoft Project
Proficiency Level -1
Skill definition-Developing schedule, assigning resources to tasks, managing budget, and keeping project plans on time.
Level 1 Behaviors
(General Familiarity)
Describes the functions and features of Microsoft Project software.
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Level 2 Behaviors
(Light Experience)
Gathers updates completion status of tasks, resources, and predecessors in Microsoft Project.
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Level 3 Behaviors
(Moderate Experience)
Executes and develops Microsoft Project software to complete the projects.
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Level 4 Behaviors
(Extensive Experience)
Establishes performance parameters to monitor the progress of project plans in Microsoft Project.
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Level 5 Behaviors
(Mastery)
Creates organizational changes in project plans using Microsoft Project software.
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3 Project Accountant I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Project Accountant I
Proficiency Level - 4
5 Competency for - Project Accountant I
Proficiency Level - 5

7 soft skills or competencies (core competencies) for Project Accountant I

1 Core Competencies – Predictive Analytics
Proficiency Level -1
Skill definition-Gathering, analyzing, and predicting patterns and structures of historical data and trends to make strategic decisions for better future outcomes.
Level 1 Behaviors
(General Familiarity)
Describes the basics of predictive model techniques.
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Level 2 Behaviors
(Light Experience)
Applies appropriate statistical tools to test and validate all assumptions.
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Level 3 Behaviors
(Moderate Experience)
Contributes to the development of multiple models to predict future behavioral outcomes.
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Level 4 Behaviors
(Extensive Experience)
Develops data analysis strategy and predictive models for various functions or measurements.
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Level 5 Behaviors
(Mastery)
Adopts advanced techniques for evaluating the quality and relevance of data used in predictive models.
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2 Core Competencies – Industry Knowledge
Proficiency Level -1
Skill definition-Demonstrating thorough knowledge of the industry's value chain, business, issues, trends, etc., and the ability to apply them appropriately.
Level 1 Behaviors
(General Familiarity)
Names the primary regulatory agencies of the industry.
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Level 2 Behaviors
(Light Experience)
Incorporates industry knowledge and product expertise to conduct one's work.
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Level 3 Behaviors
(Moderate Experience)
Updates our organizational knowledge database to reflect the latest industry developments.
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Level 4 Behaviors
(Extensive Experience)
Serves as an industry expert with deep domain knowledge to solve critical operational issues.
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Level 5 Behaviors
(Mastery)
Predicts the evolution of industry regulations and potential implications to our business.
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3 Project Accountant I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Project Accountant I
Proficiency Level - 4
5 Competency for - Project Accountant I
Proficiency Level - 5

Summary of Project Accountant I skills and competencies

There are 0 hard skills for Project Accountant I.
6 general skills for Project Accountant I, Change Management, Microsoft Project, Project Accounting, etc.
7 soft skills for Project Accountant I, Predictive Analytics, Industry Knowledge, Budgeting, etc.
While the list totals 13 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Project Accountant I, he or she needs to be proficient in Predictive Analytics, be proficient in Industry Knowledge, and be proficient in Budgeting.

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