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%
$64,360
TOTAL 50%
$65,423
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)
Lists the methodologies and best practices of change management.
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Level 2 Behaviors
(Light Experience)
Supports auditing and reporting related to change management to help resolve transformations and claims.
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Level 3 Behaviors
(Moderate Experience)
Works with the management team to develop change orders or proposals.
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Level 4 Behaviors
(Extensive Experience)
Reviews accounting activities to comply with change management policies.
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Level 5 Behaviors
(Mastery)
Promotes change management to assure maximum operational effectiveness.
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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)
Identifies the principles and practices of project management with Microsoft Project.
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Level 2 Behaviors
(Light Experience)
Tracks completed work at assigned projects using Microsoft Project software.
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Level 3 Behaviors
(Moderate Experience)
Utilizes Microsoft Project software to manage the schedule of project plans.
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Level 4 Behaviors
(Extensive Experience)
Oversees the Microsoft Project to provide guidance based on operational objectives.
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Level 5 Behaviors
(Mastery)
Promotes the new features and versions of Microsoft Project to align various project plans.
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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 various predictive model types, including decision trees, regression, and neural networks.
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Level 2 Behaviors
(Light Experience)
Assists in creating and validating predictive models.
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Level 3 Behaviors
(Moderate Experience)
Performs complex calculations and meaningful ratios for accurate analytics.
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Level 4 Behaviors
(Extensive Experience)
Directs predictive techniques to increase organizational success and decrease operational failures.
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Level 5 Behaviors
(Mastery)
Champions adoption of new predictive analytics tools to optimize key decisions for our business.
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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)
Describes the entire value chain of the industry.
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Level 2 Behaviors
(Light Experience)
Documents industry and domain knowledge in appropriate documentation systems.
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Level 3 Behaviors
(Moderate Experience)
Gathers and analyses market intelligence to drive operational optimization.
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Level 4 Behaviors
(Extensive Experience)
Demonstrates intimate knowledge of industry and market trends to provide business insights.
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Level 5 Behaviors
(Mastery)
Establishes organizational policies and processes to seek out and understand industry dynamics.
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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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